ELAN Options History — August 2025

In August 2025, ELAN traded between $13.75 and $18.55. ATM implied volatility averaged 40.0%, placing in the 22.3% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded below realized volatility by 15.6% (HV 20d: 55.6%). Max pain ranged from $13.00 to $18.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.33.

Notable Days

  • 2025-08-14: Highest Volume — 5,483 contracts
  • 2025-08-07: Largest IV drop — 71.9% change
  • 2025-08-06: Highest IV Rank — 83.1%
  • 2025-08-01: Largest Expected Move — 19.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.95$13.75$18.55$13.75$18.31
Max Pain$15.29$13.00$18.00$14.00$18.00
ATM IV40.0%25.6%97.1%68.7%32.1%
Expected Move10.2%7.4%19.7%19.7%9.2%
HV 20d55.6%23.8%64.4%23.8%60.4%
HV 60d40.6%29.3%55.4%55.4%41.7%
IV Rank22.3%6.1%83.1%52.1%14.6%
IV Percentile25.7%0.8%99.6%97.2%12.7%
Term Structure-2.6%-19.4%6.3%-19.4%-1.3%
VWIV36.1%29.3%68.7%68.7%31.3%
Skew 25d5.9%-16.0%22.1%-16.0%2.0%
Skew 10d2.6%-12.6%14.5%2.3%-1.5%
Call IV 25d30.4%19.0%71.9%71.9%31.8%
Put IV 25d36.3%25.1%57.9%56.0%33.9%
Bid-Ask Spread %77.7957.1496.1794.9364.55
Gamma HHI0.210.160.940.170.19
Net GEX396.8K132.0K4.8M133.6K172.7K
Net DEX-14.1M-21.9M-5.8M-5.8M-15.2M
Net VEX-31.6K-33.8K-28.7K-31.5K-33.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.330.012.200.091.62
Total Volume885.905105,483274102
Total OI15,106.85712,90521,81513,08915,396

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$13.75$14.0068.7%19.7%23.8%52.1%68.7%-16.0%-19.4%133.6K-5.8M-31.5K0.0994.93N/AN/A2522210,1002,989
2025-08-04$14.05$13.0077.1%13.9%25.3%61.3%46.8%7.6%-5.6%132.0K-6.0M-31.9K0.0387.04N/AN/A6629,9132,992
2025-08-05$14.18$14.0065.5%12.0%24.8%48.6%53.6%20.8%-16.5%143.1K-6.3M-30.9K0.1195.92N/AN/A919,9702,994
2025-08-06$13.95$14.0097.1%14.8%25.2%83.1%50.0%22.1%6.3%138.6K-6.1M-30.9K0.0196.17N/AN/A3,502299,9792,995
2025-08-07$16.41$14.0027.3%10.6%63.9%6.9%33.9%17.6%-1.4%190.2K-16.3M-28.7K0.1185.43N/AN/A2,46728013,2803,019
2025-08-08$16.51$14.0032.9%9.1%63.6%13.0%32.2%3.4%-0.2%199.3K-15.7M-33.8K0.1686.50N/AN/A4878013,2343,243
2025-08-11$17.11$15.0030.8%8.9%64.4%10.7%31.8%9.0%0.3%184.3K-17.3M-31.1K0.4184.75N/AN/A25210313,1983,307
2025-08-12$17.35$15.0037.2%9.1%64.1%21.3%32.1%12.1%0.3%179.1K-17.7M-31.2K0.3988.49N/AN/A35113613,2423,402
2025-08-13$17.73$15.0030.0%8.6%63.8%11.8%31.0%2.9%-0.1%202.0K-18.6M-30.7K0.0780.97N/AN/A3642613,2733,436
2025-08-14$17.91$15.0036.0%10.3%63.5%19.7%35.7%-2.8%-1.8%173.1K-19.1M-30.4K0.0181.12N/AN/A5,4285513,3433,449
2025-08-15$17.94$16.0030.9%8.9%63.4%13.0%31.6%1.9%-0.6%4.8M-21.9M-32.3K0.0265.91N/AN/A2,5964118,3313,484
2025-08-18$17.71$16.0031.0%8.9%63.4%13.2%31.4%-2.4%-1.6%183.4K-13.8M-30.4K0.0665.79N/AN/A2331510,6383,286
2025-08-19$17.48$16.0031.7%9.1%63.6%14.1%33.1%5.5%-1.2%190.5K-13.4M-31.5K0.0970.06N/AN/A74710,7423,294
2025-08-20$17.45$16.0031.3%9.0%63.6%13.5%30.9%0.9%0.4%192.2K-13.2M-33.4K0.0258.01N/AN/A129310,7663,295
2025-08-21$17.49$16.0029.6%8.5%63.0%11.3%29.9%3.8%1.0%198.1K-13.6M-31.5K0.7874.39N/AN/A675210,8833,294
2025-08-22$17.89$16.0025.6%7.4%63.1%6.1%30.6%12.4%-12.6%192.6K-14.3M-32.0K0.1277.77N/AN/A2563110,9203,304
2025-08-25$17.82$16.0030.5%8.8%62.2%12.5%29.4%9.8%-0.0%198.9K-14.2M-32.6K0.5066.22N/AN/A723611,0463,328
2025-08-26$17.87$16.0030.5%8.8%61.9%12.5%29.3%8.7%0.5%195.4K-14.6M-31.7K0.0187.82N/AN/A190111,1083,337
2025-08-27$18.55$16.0030.7%8.8%61.3%12.7%30.9%0.9%-1.0%183.2K-16.2M-30.2K0.0564.68N/AN/A3651911,2573,337
2025-08-28$18.45$16.0033.4%9.6%60.1%16.3%34.0%3.0%-0.4%196.6K-15.8M-32.4K2.2057.14N/AN/A12627711,4863,354
2025-08-29$18.31$18.0032.1%9.2%60.4%14.6%31.3%2.0%-1.3%172.7K-15.2M-33.6K1.6264.55N/AN/A396311,5563,840