ELAN Options History — November 2025

In November 2025, ELAN traded between $21.19 and $23.52. ATM implied volatility averaged 49.2%, placing in the 37.5% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 15.5% (HV 20d: 33.7%). Max pain ranged from $16.00 to $21.00. Net GEX was positive for 7 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 1.41.

Notable Days

  • 2025-11-04: Highest Volume — 11,356 contracts
  • 2025-11-05: Largest IV drop — 47.6% change
  • 2025-11-04: Highest IV Rank — 73.8%
  • 2025-11-04: Largest Expected Move — 22.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.17$21.19$23.52$22.91$23.17
Max Pain$16.89$16.00$21.00$21.00$17.00
ATM IV49.2%37.2%77.0%72.3%50.3%
Expected Move14.1%11.3%22.1%20.7%14.4%
HV 20d33.7%27.9%38.7%27.9%38.1%
HV 60d32.9%30.5%34.9%30.7%33.9%
IV Rank37.5%21.9%73.8%67.6%38.9%
IV Percentile69.3%33.7%98.8%98.0%78.6%
Term Structure-2.6%-18.6%8.1%-11.3%-6.5%
VWIV49.6%35.8%80.3%73.1%54.1%
Skew 25d8.0%0.5%22.6%3.5%7.0%
Skew 10d8.4%-24.7%26.8%-5.4%12.9%
Call IV 25d45.2%28.0%76.8%76.0%49.2%
Put IV 25d53.2%43.7%79.4%79.4%56.2%
Bid-Ask Spread %97.3080.91107.4396.0998.48
Gamma HHI0.230.170.550.240.17
Net GEX-68.1K-617.5K1.6M-277.6K301.2K
Net DEX-13.0M-27.9M-3.7M-11.3M-26.0M
Net VEX-110.3K-123.4K-99.8K-99.8K-101.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.410.007.250.115.59
Total Volume2,347.4214911,356330178
Total OI46,807.84235,22857,65335,22846,032

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$22.91$21.0072.3%20.7%27.9%67.6%73.1%3.5%-11.3%-277.6K-11.3M-99.8K0.1196.09N/AN/A2963412,84922,379
2025-11-04$22.45$21.0077.0%22.1%28.7%73.8%80.3%0.5%-18.6%-208.0K-10.4M-104.1K5.6091.84N/AN/A1,7219,63512,94022,382
2025-11-05$21.68$21.0040.4%11.6%31.7%26.0%45.6%8.0%4.9%-617.2K-5.6M-114.9K3.21102.31N/AN/A8472,72114,47731,466
2025-11-06$21.41$16.0043.5%11.6%32.0%30.1%42.9%7.8%-1.3%-580.4K-5.3M-115.5K0.9199.24N/AN/A71165014,96229,936
2025-11-07$21.52$16.0045.3%12.8%30.0%32.4%35.8%17.8%-6.6%-565.0K-5.1M-114.5K7.25105.42N/AN/A1501,08815,05029,536
2025-11-10$22.27$16.0037.2%12.0%31.3%21.9%41.6%8.3%1.7%-400.9K-10.3M-106.4K0.1297.52N/AN/A2122615,15330,598
2025-11-11$22.84$16.0041.1%11.5%32.1%26.9%39.7%4.7%3.5%-272.2K-12.6M-105.4K0.7796.83N/AN/A14911415,11430,690
2025-11-12$22.09$16.0039.4%11.3%34.8%24.7%40.4%6.9%-2.2%-381.1K-11.2M-102.8K0.2297.37N/AN/A1,14425015,13730,787
2025-11-13$22.06$16.0041.6%11.9%34.6%27.6%42.5%12.6%0.5%-413.5K-9.7M-107.3K0.03100.84N/AN/A156516,02130,783
2025-11-14$21.19$16.0043.5%12.5%34.0%30.1%43.0%4.7%0.5%-617.5K-3.7M-113.9K0.5096.13N/AN/A20810516,00430,785
2025-11-17$21.37$16.0045.6%13.1%33.6%32.8%46.0%1.5%-0.3%-136.9K-7.0M-118.6K0.8197.34N/AN/A272220,30130,778
2025-11-18$21.40$16.0049.1%14.1%33.5%37.3%49.3%9.0%-1.3%-41.4K-7.1M-117.2K0.01107.43N/AN/A4,5824920,29930,761
2025-11-19$21.45$16.0049.1%14.1%33.5%37.4%48.2%4.5%-3.4%367.2K-11.8M-123.4K0.0294.92N/AN/A217424,72630,763
2025-11-20$21.25$16.0054.8%15.7%33.6%44.9%53.9%14.3%8.1%343.7K-10.2M-119.0K0.00103.03N/AN/A3,422124,79630,761
2025-11-21$22.16$16.0056.5%16.2%36.2%47.0%55.8%22.6%-6.3%1.6M-24.3M-119.1K0.0497.67N/AN/A3,49613726,89330,760
2025-11-24$23.05$16.0047.8%13.7%38.7%35.7%49.3%4.6%0.5%124.8K-23.3M-107.0K0.0089.47N/AN/A8,2723219,73224,746
2025-11-25$23.45$16.0052.7%15.1%38.7%42.1%50.1%4.2%-4.5%186.4K-24.3M-106.0K0.0395.78N/AN/A3,55112120,11924,751
2025-11-26$23.52$17.0047.3%13.5%37.6%35.0%50.4%10.2%-6.9%321.7K-27.9M-100.2K1.5080.91N/AN/A10716121,13424,948
2025-11-28$23.17$17.0050.3%14.4%38.1%38.9%54.1%7.0%-6.5%301.2K-26.0M-101.2K5.5998.48N/AN/A2715121,12524,907