ELAN Options History — July 2025

In July 2025, ELAN traded between $13.75 and $15.05. ATM implied volatility averaged 38.0%, placing in the 18.5% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 14.2% (HV 20d: 23.8%). Max pain ranged from $11.00 to $14.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 3.80.

Notable Days

  • 2025-07-08: Highest Volume — 999 contracts
  • 2025-07-31: Largest IV spike — 89.4% change
  • 2025-07-31: Highest IV Rank — 49.5%
  • 2025-07-31: Largest Expected Move — 19.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.65$13.75$15.05$14.38$13.75
Max Pain$13.64$11.00$14.00$11.00$14.00
ATM IV38.0%26.5%66.3%31.0%66.3%
Expected Move10.9%7.6%19.0%8.9%19.0%
HV 20d23.8%20.2%27.9%27.5%23.8%
HV 60d58.4%55.0%70.3%70.3%55.4%
IV Rank18.5%6.0%49.5%11.0%49.5%
IV Percentile26.0%0.8%94.4%4.4%94.4%
Term Structure-1.7%-33.7%20.4%5.1%-33.7%
VWIV41.3%23.8%70.9%39.8%70.9%
Skew 25d3.2%-20.4%33.0%-12.2%6.8%
Skew 10d5.8%-17.0%31.7%-7.8%10.4%
Call IV 25d38.2%25.2%60.4%39.3%60.3%
Put IV 25d41.4%23.1%72.1%27.1%67.1%
Bid-Ask Spread %102.6482.85120.1994.8888.36
Gamma HHI0.270.170.720.220.17
Net GEX252.4K135.6K659.4K346.5K135.6K
Net DEX-11.9M-16.4M-6.1M-13.8M-6.1M
Net VEX-34.2K-37.4K-30.8K-37.2K-30.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.800.0060.000.1460.00
Total Volume196.5451799930261
Total OI18,789.59112,57923,89121,73413,014

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$14.38$11.0031.0%8.9%27.5%11.0%39.8%-12.2%5.1%346.5K-13.8M-37.2K0.1494.88N/AN/A2653715,5436,191
2025-07-02$14.61$11.0027.5%7.9%27.8%7.1%34.0%-14.5%9.9%346.0K-14.8M-37.4K0.4189.48N/AN/A662715,6836,213
2025-07-03$14.64$13.0029.2%9.8%27.7%9.0%0.0%18.7%20.4%345.2K-15.1M-36.9K0.00112.23N/AN/A17015,6906,178
2025-07-07$14.54$13.0033.4%10.1%27.9%13.5%46.5%-9.3%15.2%350.1K-14.3M-36.5K1.93101.53N/AN/A18736115,7106,178
2025-07-08$14.77$14.0033.8%9.0%24.6%14.0%26.5%14.3%16.2%324.0K-15.4M-35.3K8.9994.85N/AN/A10089915,8316,538
2025-07-09$14.82$14.0028.3%8.1%24.5%7.9%23.8%18.1%16.9%275.3K-15.3M-36.2K0.82117.48N/AN/A443615,8477,432
2025-07-10$15.05$14.0041.7%12.0%24.0%22.6%44.3%18.1%-2.0%288.8K-16.4M-35.3K0.4694.30N/AN/A22210115,8487,444
2025-07-11$14.89$14.0026.5%7.6%24.4%6.0%30.4%12.2%12.5%285.8K-15.9M-36.2K1.95112.02N/AN/A448615,9457,455
2025-07-14$14.84$14.0047.4%13.6%24.4%28.9%47.6%-6.7%-6.7%305.2K-15.6M-34.5K3.52100.94N/AN/A4415515,9957,416
2025-07-15$14.68$14.0037.1%10.6%22.3%17.6%49.3%-7.7%-9.2%278.4K-14.3M-35.8K0.04102.84N/AN/A249916,0197,544
2025-07-16$14.52$14.0036.0%10.3%22.5%16.3%40.3%7.7%-0.1%273.0K-14.2M-33.9K0.54113.39N/AN/A502716,1337,546
2025-07-17$14.91$14.0049.7%14.3%22.1%31.4%48.5%-20.2%-24.9%659.4K-15.9M-34.0K0.0282.85N/AN/A242416,1437,568
2025-07-18$14.82$14.0038.1%10.9%21.1%18.7%41.2%7.9%-29.0%141.7K-15.1M-32.6K1.20104.11N/AN/A13316016,3207,571
2025-07-21$14.63$14.0029.6%8.5%22.0%9.4%32.3%1.8%9.2%145.9K-7.5M-31.9K0.04104.73N/AN/A8239,7442,835
2025-07-22$14.98$14.0040.6%11.6%22.5%21.4%44.2%-5.8%-5.0%153.9K-7.8M-33.2K0.15102.10N/AN/A4779,7902,836
2025-07-23$14.98$14.0045.7%13.1%22.4%26.9%51.4%-1.3%-27.8%158.0K-8.1M-32.2K0.6594.03N/AN/A96629,7892,837
2025-07-24$14.71$14.0030.7%8.8%23.0%10.6%31.6%1.1%8.0%149.6K-7.5M-32.9K0.11114.86N/AN/A202239,8382,893
2025-07-25$14.86$14.0032.4%9.3%20.2%12.4%51.4%11.0%13.6%148.8K-7.7M-33.3K0.24102.42N/AN/A872110,0022,878
2025-07-28$14.52$14.0036.6%10.5%22.1%17.1%53.7%-20.4%-8.1%148.3K-7.2M-32.1K0.13112.55N/AN/A23310,0572,898
2025-07-29$14.39$14.0058.7%16.8%22.3%41.1%31.8%18.8%-15.4%148.4K-7.2M-32.2K2.1797.95N/AN/A61310,0762,899
2025-07-30$14.09$14.0035.0%10.0%23.3%15.3%28.0%33.0%-1.6%144.9K-6.5M-31.8K0.21120.19N/AN/A19410,0922,912
2025-07-31$13.75$14.0066.3%19.0%23.8%49.5%70.9%6.8%-33.7%135.6K-6.1M-30.8K60.0088.36N/AN/A16010,1002,914