ELAN Options History — December 2025

In December 2025, ELAN traded between $20.54 and $22.83. ATM implied volatility averaged 45.1%, placing in the 32.2% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 8.0% (HV 20d: 37.1%). Max pain ranged from $17.00 to $22.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 2.37.

Notable Days

  • 2025-12-08: Highest Volume — 7,198 contracts
  • 2025-12-09: Largest IV drop — 22.1% change
  • 2025-12-08: Highest IV Rank — 51.6%
  • 2025-12-04: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.09$20.54$22.83$22.70$22.73
Max Pain$20.00$17.00$22.00$17.00$20.00
ATM IV45.1%37.7%60.0%53.4%42.1%
Expected Move12.7%10.8%16.8%15.3%12.1%
HV 20d37.1%33.0%40.7%38.7%33.0%
HV 60d33.7%32.2%35.4%32.8%32.8%
IV Rank32.2%22.5%51.6%43.1%28.3%
IV Percentile57.9%33.7%91.7%81.7%54.8%
Term Structure0.3%-14.8%13.0%-13.7%-0.9%
VWIV45.9%38.2%64.6%54.3%40.5%
Skew 25d1.9%-7.8%21.1%4.5%3.1%
Skew 10d10.7%-1.5%21.4%19.0%9.1%
Call IV 25d43.5%32.1%58.0%54.3%40.3%
Put IV 25d45.4%30.1%59.2%58.7%43.4%
Bid-Ask Spread %96.8486.87104.7788.52101.63
Gamma HHI0.290.170.560.180.30
Net GEX143.8K-203.6K1.6M239.3K178.7K
Net DEX-15.5M-24.7M-1.4M-22.7M-20.8M
Net VEX-87.2K-111.5K-71.7K-98.7K-72.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.370.0721.0520.680.29
Total Volume1,945.4551677,1987,088167
Total OI48,570.40940,50454,76246,05143,228

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$22.70$17.0053.4%15.3%38.7%43.1%54.3%4.5%-13.7%239.3K-22.7M-98.7K20.6888.52N/AN/A3276,76121,12924,922
2025-12-02$22.55$22.0055.5%15.9%37.9%45.8%57.3%9.1%-11.3%-190.0K-14.3M-111.5K21.0586.87N/AN/A2896,08321,13631,667
2025-12-03$22.36$21.0052.2%15.0%37.3%41.5%51.8%-3.2%-5.9%31.5K-16.8M-104.4K0.2392.44N/AN/A3608421,29428,054
2025-12-04$21.81$20.0057.0%16.8%36.2%47.7%64.6%-0.4%-0.5%-89.9K-11.7M-104.5K0.56100.70N/AN/A32818421,42728,125
2025-12-05$21.86$20.0055.3%12.5%35.9%45.5%50.8%-0.5%-4.0%-88.0K-12.5M-103.5K1.1295.72N/AN/A12914421,55228,245
2025-12-08$21.88$20.0060.0%15.4%35.9%51.6%55.7%-7.8%-10.3%-95.0K-10.6M-100.1K0.07101.58N/AN/A6,71348521,60728,369
2025-12-09$20.54$20.0046.7%13.3%40.2%34.3%42.4%-6.0%-14.8%-203.6K-1.4M-96.4K0.36104.77N/AN/A1,55655923,18628,791
2025-12-10$21.16$20.0037.7%10.8%40.7%22.5%38.2%21.1%8.8%69.1K-9.0M-97.1K0.21103.62N/AN/A1,14324325,33928,993
2025-12-11$21.36$20.0039.3%11.3%39.4%24.6%39.0%-2.9%13.0%-107.4K-8.1M-90.4K1.1097.96N/AN/A24426921,41029,013
2025-12-12$21.34$20.0040.4%11.6%39.4%26.1%40.3%12.9%4.5%-134.4K-6.7M-89.5K0.6498.76N/AN/A1187621,69928,895
2025-12-15$21.82$20.0041.9%12.0%37.5%28.1%43.1%0.8%5.9%-15.8K-12.5M-81.9K0.0993.32N/AN/A3,54332221,70628,948
2025-12-16$22.55$20.0044.2%12.7%39.0%31.1%44.1%1.1%3.4%584.5K-24.7M-74.0K0.1895.74N/AN/A1,03818624,10828,949
2025-12-17$22.04$20.0041.0%11.8%40.1%26.9%44.2%0.1%9.4%507.1K-19.4M-75.3K1.11102.28N/AN/A1,0451,16324,01928,945
2025-12-18$22.16$20.0041.6%11.9%40.1%27.6%43.5%-1.4%12.2%740.9K-19.3M-82.0K0.5798.08N/AN/A21612424,61130,102
2025-12-19$22.20$20.0040.6%11.6%39.9%26.3%40.8%-1.0%-4.0%1.6M-21.3M-75.3K0.0796.43N/AN/A2,85120124,65930,103
2025-12-22$22.30$20.0040.1%11.5%37.1%25.7%42.1%2.4%6.2%-151.1K-15.1M-78.7K0.11101.64N/AN/A2,91332814,93825,566
2025-12-23$22.13$20.0038.9%11.2%34.1%24.1%42.1%-0.5%7.7%-73.7K-15.7M-79.8K0.1294.06N/AN/A8219816,21425,860
2025-12-24$22.38$20.0039.4%11.3%33.8%24.7%46.6%4.5%4.9%-1.9K-17.7M-80.0K0.2793.36N/AN/A2627216,62125,956
2025-12-26$22.61$20.0041.7%12.0%34.0%27.8%42.8%5.3%2.9%47.5K-18.9M-76.6K0.1594.69N/AN/A6579916,79625,897
2025-12-29$22.63$20.0041.1%11.8%33.7%26.9%40.7%1.8%4.7%148.2K-20.7M-74.8K1.1591.02N/AN/A12314117,29025,904
2025-12-30$22.83$20.0042.1%12.1%33.0%28.2%45.1%-0.9%-12.7%202.1K-21.6M-71.7K1.9197.34N/AN/A11522017,27626,000
2025-12-31$22.73$20.0042.1%12.1%33.0%28.3%40.5%3.1%-0.9%178.7K-20.8M-72.1K0.29101.63N/AN/A1293817,15526,073