ELAN Options History — May 2025

In May 2025, ELAN traded between $9.54 and $13.56. ATM implied volatility averaged 43.3%, placing in the 19.4% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded below realized volatility by 45.1% (HV 20d: 88.4%). Max pain ranged from $9.00 to $13.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 1.64.

Notable Days

  • 2025-05-23: Highest Volume — 3,330 contracts
  • 2025-05-07: Largest IV drop — 34.3% change
  • 2025-05-06: Highest IV Rank — 48.3%
  • 2025-05-02: Largest Expected Move — 17.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.26$9.54$13.56$9.54$13.55
Max Pain$10.76$9.00$13.00$9.00$13.00
ATM IV43.3%31.6%68.2%58.9%38.8%
Expected Move11.7%9.1%17.4%16.9%11.1%
HV 20d88.4%76.7%106.1%87.1%87.8%
HV 60d73.4%58.9%77.4%59.8%75.9%
IV Rank19.4%5.8%48.3%37.6%14.1%
IV Percentile38.9%5.6%96.4%87.3%22.6%
Term Structure-3.7%-22.5%1.7%-10.0%-4.0%
VWIV42.0%28.8%62.0%61.0%39.2%
Skew 25d-3.1%-14.7%16.3%6.8%-13.6%
Skew 10d4.8%-40.9%21.2%21.2%-4.9%
Call IV 25d39.2%21.5%62.1%59.2%38.3%
Put IV 25d36.1%23.0%66.0%66.0%24.7%
Bid-Ask Spread %89.4784.0899.7191.5095.34
Gamma HHI0.260.180.350.210.21
Net GEX144.1K35.3K245.0K37.4K137.1K
Net DEX-7.1M-10.4M-211.7K-270.6K-10.4M
Net VEX-40.8K-46.2K-30.1K-30.1K-45.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.640.0219.067.590.08
Total Volume6081473,330292570
Total OI19,753.95217,18623,00217,18623,002

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$9.54$9.0058.9%16.9%87.1%37.6%61.0%6.8%-10.0%37.4K-270.6K-30.1K7.5991.50N/AN/A3425811,8235,363
2025-05-02$9.79$9.0060.7%17.4%80.3%39.6%62.0%3.2%-11.7%41.8K-678.3K-32.4K0.5084.92N/AN/A21010511,8535,559
2025-05-05$9.64$10.0066.6%14.2%77.6%46.5%51.6%-8.3%-2.1%38.0K-360.5K-31.1K0.0290.85N/AN/A178411,9705,657
2025-05-06$9.57$10.0068.2%14.5%76.7%48.3%49.8%-1.4%-3.1%35.3K-211.7K-30.8K0.2989.50N/AN/A2687912,1405,659
2025-05-07$12.03$10.0044.8%10.6%106.1%21.1%41.9%-7.5%-0.2%115.6K-6.1M-40.2K0.1799.71N/AN/A1,54926512,3125,688
2025-05-08$12.39$10.0047.4%9.3%97.1%24.2%39.1%-14.7%0.8%155.5K-7.5M-41.5K1.7889.92N/AN/A47684912,8625,830
2025-05-09$12.00$10.0041.5%11.9%90.1%17.2%39.6%2.1%-0.5%101.4K-6.0M-42.1K0.3089.50N/AN/A1695113,0456,553
2025-05-12$12.84$10.0034.6%10.4%91.3%9.2%36.6%-12.4%1.7%158.9K-8.7M-41.7K0.2990.15N/AN/A67819613,1106,589
2025-05-13$13.11$10.0033.1%10.4%91.3%7.5%37.0%-11.5%0.2%194.8K-9.7M-42.7K0.4184.47N/AN/A26811113,4446,761
2025-05-14$12.88$11.0037.1%10.6%87.9%12.2%37.8%1.4%-0.3%184.3K-9.1M-43.2K0.2987.77N/AN/A2206413,5076,824
2025-05-15$12.91$11.0036.8%10.6%87.4%11.8%37.5%4.0%-0.9%215.7K-9.5M-42.5K0.0987.99N/AN/A1581513,6846,770
2025-05-16$12.93$11.0036.6%10.5%87.7%11.5%37.9%3.4%0.8%245.0K-9.3M-43.6K0.4385.27N/AN/A1034413,7416,776
2025-05-19$13.23$11.0035.6%10.2%87.5%10.4%34.5%-2.5%-16.9%213.1K-9.7M-42.2K0.2489.59N/AN/A2235413,1856,005
2025-05-20$13.04$10.0036.1%10.4%87.7%11.0%28.8%16.3%0.6%218.0K-9.4M-41.8K0.4691.58N/AN/A26512213,2926,004
2025-05-21$12.61$10.0037.1%10.6%89.5%12.1%38.6%9.3%-0.5%204.7K-7.9M-42.3K1.4387.95N/AN/A13819813,3635,942
2025-05-22$12.71$11.0036.5%10.5%89.3%11.4%39.3%-11.5%-0.0%208.8K-8.3M-43.0K0.2884.08N/AN/A1845113,4886,115
2025-05-23$12.70$11.0045.0%12.9%88.9%21.3%46.1%-2.6%-22.5%213.3K-8.3M-43.4K19.0689.41N/AN/A1663,16413,6276,112
2025-05-27$13.18$13.0040.4%11.6%89.3%16.0%39.9%-5.3%-1.4%92.8K-8.3M-46.2K0.4384.08N/AN/A1305613,7038,623
2025-05-28$13.32$13.0031.6%9.1%89.3%5.8%41.1%-8.8%-0.4%94.5K-8.8M-46.2K0.3093.06N/AN/A1524513,7568,592
2025-05-29$13.56$13.0041.8%12.0%87.5%17.6%42.3%-11.3%-6.2%119.7K-10.2M-44.5K0.0592.33N/AN/A8564213,8828,622
2025-05-30$13.55$13.0038.8%11.1%87.8%14.1%39.2%-13.6%-4.0%137.1K-10.4M-45.0K0.0895.34N/AN/A5294114,3678,635