ELAN Options History — April 2025

In April 2025, ELAN traded between $8.14 and $10.75. ATM implied volatility averaged 57.7%, placing in the 36.1% IV rank vs the trailing year. The 30-day expected move averaged 16.5%. IV traded below realized volatility by 17.6% (HV 20d: 75.4%). Max pain ranged from $9.00 to $10.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.09.

Notable Days

  • 2025-04-08: Highest Volume — 2,540 contracts
  • 2025-04-09: Largest IV drop — 49.8% change
  • 2025-04-08: Highest IV Rank — 75.3%
  • 2025-04-04: Largest Expected Move — 24.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.11$8.14$10.75$10.32$9.41
Max Pain$9.57$9.00$10.00$10.00$9.00
ATM IV57.7%39.3%91.3%49.4%67.6%
Expected Move16.5%12.9%24.5%15.5%19.4%
HV 20d75.4%39.4%89.0%39.4%88.4%
HV 60d52.7%34.4%59.8%34.4%59.8%
IV Rank36.1%14.7%75.3%26.5%47.6%
IV Percentile81.0%29.8%99.6%75.0%95.6%
Term Structure-8.7%-29.9%18.3%4.9%-14.5%
VWIV55.4%34.2%71.9%48.2%63.3%
Skew 25d6.6%-14.2%47.2%-1.0%5.9%
Skew 10d11.7%-20.9%54.0%-0.4%6.2%
Call IV 25d49.8%31.0%67.7%41.4%63.8%
Put IV 25d56.4%34.8%81.4%40.4%69.7%
Bid-Ask Spread %93.0781.28122.8591.5191.38
Gamma HHI0.210.140.310.270.21
Net GEX-16.1K-88.0K31.2K-69.6K31.2K
Net DEX2.6M-605.3K5.1M2.7M23.5K
Net VEX-25.4K-36.5K-18.2K-35.0K-29.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.090.016.540.620.60
Total Volume461.095212,54021107
Total OI21,586.61914,51427,02525,46217,150

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$10.32$10.0049.4%15.5%39.4%26.5%48.2%-1.0%4.9%-69.6K2.7M-35.0K0.6291.51N/AN/A13814,91410,548
2025-04-02$10.75$10.0039.3%14.0%42.4%14.7%50.7%13.5%-5.3%-52.5K1.7M-36.5K0.8886.05N/AN/A12310814,91910,528
2025-04-03$9.73$10.0053.5%15.3%55.1%31.3%53.3%-1.3%-5.5%-88.0K4.2M-32.1K6.5486.79N/AN/A3522914,97110,628
2025-04-04$9.18$10.0067.1%24.5%57.1%47.0%34.2%47.2%-29.5%-66.5K4.5M-28.6K0.53122.85N/AN/A1025414,96310,095
2025-04-07$8.91$10.0075.9%19.0%57.6%57.3%65.7%9.9%-10.3%-59.3K4.6M-26.9K0.4292.07N/AN/A1727314,9789,999
2025-04-08$8.29$10.0091.3%18.1%58.1%75.3%71.9%-6.1%15.9%-35.4K4.8M-23.9K0.99103.72N/AN/A1,2751,26514,9679,996
2025-04-09$9.48$10.0045.9%13.1%76.4%22.3%39.0%-0.3%-11.0%-77.5K3.9M-27.2K0.50109.77N/AN/A1,20259916,17610,417
2025-04-10$8.62$10.0059.6%17.1%82.8%38.3%59.7%-12.6%-12.6%-3.4K5.1M-22.3K0.0197.55N/AN/A81117,1959,830
2025-04-11$8.55$10.0055.6%15.9%82.3%33.6%56.5%5.7%-26.8%3.6K4.5M-20.7K0.0686.55N/AN/A85517,2318,791
2025-04-14$8.70$10.0054.1%15.5%82.3%31.9%53.4%-12.8%-6.5%16.1K3.2M-21.5K1.1394.49N/AN/A22525417,3087,471
2025-04-15$8.22$10.0045.1%12.9%82.9%21.4%42.3%-14.2%-8.8%-1.7K3.8M-18.7K0.7090.61N/AN/A604217,4477,468
2025-04-16$8.14$10.0059.0%16.9%82.7%37.6%59.9%12.4%-9.2%-3.5K3.6M-18.2K1.2484.34N/AN/A425217,4497,186
2025-04-17$8.41$9.0057.2%16.4%84.0%35.5%58.3%17.9%-3.0%-4.9K3.6M-18.7K0.5084.33N/AN/A1507517,4837,143
2025-04-21$8.45$9.0046.2%13.2%84.2%22.7%58.0%6.5%18.3%-2.7K1.6M-19.4K3.9394.90N/AN/A562209,5484,966
2025-04-22$8.89$9.0055.9%16.0%86.5%34.0%58.0%10.5%-29.9%-3.1K1.3M-22.2K0.0281.95N/AN/A17639,7535,177
2025-04-23$9.18$9.0055.4%15.9%87.8%33.5%55.5%11.0%-7.5%3.6K876.7K-24.1K0.6081.28N/AN/A2741649,8065,179
2025-04-24$9.50$9.0057.1%16.4%89.0%35.5%55.4%8.2%-4.3%13.3K329.5K-25.9K0.6388.03N/AN/A24115310,0455,195
2025-04-25$9.39$9.0057.9%16.6%88.3%36.3%55.7%16.5%-6.9%15.1K422.2K-25.9K1.1588.30N/AN/A677710,1415,231
2025-04-28$9.52$9.0060.3%17.3%87.7%39.2%60.7%11.6%-11.8%16.3K264.1K-26.8K1.8789.16N/AN/A458410,1875,293
2025-04-29$9.71$9.0059.0%16.9%88.0%37.6%62.9%9.0%-19.3%30.5K-605.3K-29.7K0.01108.74N/AN/A1,6642210,1805,367
2025-04-30$9.41$9.0067.6%19.4%88.4%47.6%63.3%5.9%-14.5%31.2K23.5K-29.2K0.6091.38N/AN/A674011,7825,368