ELAN Options History — March 2025

In March 2025, ELAN traded between $10.14 and $11.25. ATM implied volatility averaged 45.1%, placing in the 21.5% IV rank vs the trailing year. The 30-day expected move averaged 13.5%. IV traded above realized volatility by 2.1% (HV 20d: 43.0%). Max pain ranged from $10.00 to $13.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 3.26.

Notable Days

  • 2025-03-11: Highest Volume — 907 contracts
  • 2025-03-10: Largest IV spike — 20.0% change
  • 2025-03-10: Highest IV Rank — 37.7%
  • 2025-03-10: Largest Expected Move — 16.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.67$10.14$11.25$11.25$10.48
Max Pain$11.00$10.00$13.00$11.00$10.00
ATM IV45.1%37.0%59.1%47.1%45.9%
Expected Move13.5%9.0%16.9%13.5%14.8%
HV 20d43.0%36.7%47.8%40.8%40.4%
HV 60d33.7%31.7%35.6%35.6%34.3%
IV Rank21.5%12.0%37.7%23.8%22.4%
IV Percentile56.9%21.8%90.9%69.4%61.1%
Term Structure0.2%-11.3%6.8%-2.8%5.2%
VWIV45.6%25.8%52.7%45.6%48.2%
Skew 25d6.7%-2.0%14.4%7.2%9.2%
Skew 10d13.2%-19.5%28.5%17.7%4.9%
Call IV 25d39.9%31.0%45.7%42.6%33.4%
Put IV 25d46.6%38.6%54.6%49.9%42.6%
Bid-Ask Spread %82.3170.08112.4477.7279.74
Gamma HHI0.270.200.410.200.28
Net GEX-91.8K-172.5K-40.0K-40.0K-69.0K
Net DEX3.1M1.3M5.6M1.3M2.6M
Net VEX-41.5K-50.6K-35.3K-50.6K-35.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.260.0830.641.232.18
Total Volume317.04846907476143
Total OI29,095.1925,31730,75930,52125,575

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$11.25$11.0047.1%13.5%40.8%23.8%45.6%7.2%-2.8%-40.0K1.3M-50.6K1.2377.72N/AN/A21326316,00614,515
2025-03-04$10.91$11.0046.3%13.3%41.5%22.9%44.5%10.2%-2.8%-87.3K3.0M-48.1K0.4886.08N/AN/A331615,85114,722
2025-03-05$10.89$11.0046.3%13.3%41.0%22.9%46.3%6.5%0.5%-88.0K2.9M-47.1K30.6482.22N/AN/A1442915,85314,680
2025-03-06$10.79$11.0050.3%14.4%37.7%27.5%50.2%7.6%-1.9%-82.5K3.2M-46.4K0.3683.82N/AN/A52819215,85814,386
2025-03-07$11.03$11.0049.2%14.1%38.9%26.2%45.9%2.7%0.1%-54.9K2.0M-48.0K0.0879.39N/AN/A5844515,78314,451
2025-03-10$10.86$11.0059.1%16.9%36.7%37.7%50.8%10.9%-5.7%-65.2K2.6M-46.7K3.6081.48N/AN/A11140016,20014,488
2025-03-11$10.14$11.0048.6%11.4%43.5%25.5%38.3%14.4%-4.1%-172.5K5.6M-40.6K2.7994.50N/AN/A23966816,22314,536
2025-03-12$10.46$11.0047.4%14.6%45.4%24.1%52.7%4.9%-1.1%-135.1K4.2M-42.5K0.3772.51N/AN/A1676116,26114,145
2025-03-13$10.31$11.0048.5%15.6%45.5%25.5%51.7%5.7%-2.3%-153.8K4.7M-41.4K0.9372.23N/AN/A12711816,35114,160
2025-03-14$10.48$11.0047.2%15.2%45.9%23.8%50.8%7.6%-4.0%-157.9K4.3M-41.3K14.3379.91N/AN/A34316,37614,219
2025-03-17$10.66$13.0042.6%12.9%45.5%18.5%0.0%3.8%1.9%-153.6K3.6M-40.6K0.6378.22N/AN/A543416,37714,224
2025-03-18$10.91$13.0040.8%12.2%46.4%16.5%41.3%6.1%2.5%-83.5K2.5M-41.3K0.3472.58N/AN/A953216,41714,232
2025-03-19$10.93$13.0039.4%12.0%46.4%14.9%41.7%4.5%2.2%-106.2K2.4M-41.0K0.6870.08N/AN/A724916,47914,217
2025-03-20$10.57$0.0039.6%9.0%47.8%15.0%0.0%6.4%-11.3%-154.8K4.0M-38.9K0.49112.44N/AN/A944616,51814,218
2025-03-21$10.54$0.0039.0%13.0%47.5%14.4%47.8%-2.0%6.8%-57.6K3.8M-37.4K0.6885.76N/AN/A573916,51314,065
2025-03-24$10.70$10.0037.0%12.7%47.7%12.0%42.4%4.5%6.8%-49.0K2.3M-36.7K0.6578.24N/AN/A31920814,55010,767
2025-03-25$10.56$10.0043.3%12.8%45.0%19.4%25.8%9.2%-0.5%-51.2K2.5M-36.6K6.0091.06N/AN/A10563014,70510,718
2025-03-26$10.50$10.0041.5%13.6%40.2%17.3%47.4%9.4%5.5%-57.0K2.4M-36.4K0.7785.99N/AN/A13210114,79810,605
2025-03-27$10.77$10.0042.4%13.5%40.0%18.3%48.3%3.2%4.8%-44.4K1.7M-37.9K0.1484.40N/AN/A56814,81710,653
2025-03-28$10.36$10.0045.8%14.1%40.1%22.2%47.7%8.9%3.5%-64.9K2.8M-36.0K1.0080.09N/AN/A656514,83510,652
2025-03-31$10.48$10.0045.9%14.8%40.4%22.4%48.2%9.2%5.2%-69.0K2.6M-35.3K2.1879.74N/AN/A459814,87910,696