ELAN Options History — January 2026

In January 2026, ELAN traded between $22.45 and $24.85. ATM implied volatility averaged 42.1%, placing in the 28.2% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 12.9% (HV 20d: 29.2%). Max pain ranged from $20.00 to $24.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.46.

Notable Days

  • 2026-01-06: Highest Volume — 11,274 contracts
  • 2026-01-15: Largest IV spike — 50.2% change
  • 2026-01-12: Highest IV Rank — 58.4%
  • 2026-01-15: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.05$22.45$24.85$22.45$24.14
Max Pain$22.45$20.00$24.00$20.00$24.00
ATM IV42.1%30.9%65.2%41.1%37.2%
Expected Move10.9%8.8%13.3%11.8%10.7%
HV 20d29.2%25.5%38.6%33.2%28.3%
HV 60d33.5%32.8%34.6%32.8%32.8%
IV Rank28.2%13.6%58.4%27.0%21.9%
IV Percentile48.1%11.5%93.7%48.8%35.3%
Term Structure3.2%-14.4%10.5%-1.5%10.5%
VWIV38.4%30.6%56.6%40.3%35.9%
Skew 25d7.7%-1.7%27.7%-1.7%9.2%
Skew 10d12.6%-18.5%53.3%16.0%25.0%
Call IV 25d36.2%19.7%45.3%41.4%34.4%
Put IV 25d43.9%37.3%61.6%39.6%43.5%
Bid-Ask Spread %92.6981.35107.47100.0492.83
Gamma HHI0.280.220.400.300.30
Net GEX970.5K155.7K2.4M155.7K1.3M
Net DEX-30.6M-55.3M-19.0M-19.0M-21.9M
Net VEX-74.8K-87.2K-60.6K-73.9K-86.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.014.262.570.19
Total Volume1,973.257411,27427574
Total OI38,324.1517,98555,50043,23327,104

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$22.45$20.0041.1%11.8%33.2%27.0%40.3%-1.7%-1.5%155.7K-19.0M-73.9K2.57100.04N/AN/A7719817,12426,109
2026-01-05$23.05$21.0045.3%11.4%33.0%32.5%39.5%2.9%3.2%223.2K-22.5M-68.0K0.9481.35N/AN/A30628717,15326,223
2026-01-06$23.86$22.0035.3%9.2%34.9%19.5%39.9%20.6%4.3%393.2K-28.5M-60.6K0.06107.47N/AN/A10,60467017,27926,180
2026-01-07$22.87$22.0046.3%11.2%38.6%33.7%39.3%5.8%3.0%942.4K-29.7M-74.7K0.1295.50N/AN/A2,37628522,67326,810
2026-01-08$23.19$22.0052.7%11.7%30.1%42.1%40.1%4.4%3.8%1.2M-33.6M-75.6K0.0489.25N/AN/A1,2465325,07226,953
2026-01-09$23.45$22.0047.1%11.3%28.8%34.8%40.5%2.1%3.5%1.3M-37.4M-75.8K4.2682.61N/AN/A14260525,95926,991
2026-01-12$23.77$22.0065.2%9.2%28.9%58.4%34.6%3.3%7.6%2.4M-40.8M-64.7K0.19100.43N/AN/A73413625,93027,298
2026-01-13$24.38$22.0046.4%8.8%29.7%33.9%36.2%4.7%3.9%1.2M-46.2M-68.2K0.0596.08N/AN/A1,2455826,50127,365
2026-01-14$24.49$22.0030.9%8.8%29.1%13.6%30.6%2.7%6.5%1.3M-51.3M-63.2K0.05101.79N/AN/A2401226,89727,328
2026-01-15$24.43$22.0046.4%13.3%27.4%33.8%56.6%9.2%-14.4%1.4M-50.7M-62.6K0.0996.70N/AN/A2,54322926,85827,337
2026-01-16$24.64$22.0039.4%11.3%25.5%24.7%40.4%7.7%-12.7%339.5K-55.3M-63.6K0.0589.03N/AN/A5,90427128,12327,377
2026-01-20$24.29$22.0043.7%12.5%26.4%30.4%41.7%4.2%1.5%516.4K-19.0M-73.3K0.0384.01N/AN/A1,6204813,9474,038
2026-01-21$24.41$22.0045.5%13.1%26.4%32.8%40.5%11.0%-0.1%610.7K-20.0M-77.5K0.0283.66N/AN/A124315,2054,081
2026-01-22$24.85$22.0041.0%11.8%26.8%26.9%37.3%27.7%1.5%665.3K-21.8M-77.4K0.3286.65N/AN/A3,9711,27715,2674,081
2026-01-23$24.63$24.0035.2%10.1%26.9%19.3%34.6%6.7%7.6%913.4K-22.3M-84.5K0.0791.23N/AN/A1,0867618,5755,034
2026-01-26$24.79$24.0034.1%9.8%26.8%17.8%33.0%8.2%10.0%1.0M-23.4M-86.2K0.0187.44N/AN/A1,1331219,5335,146
2026-01-27$24.76$24.0036.2%10.4%26.9%20.6%36.5%8.6%8.3%1.2M-24.2M-87.2K0.0192.73N/AN/A1,116720,5215,149
2026-01-28$24.24$24.0036.1%10.3%28.4%20.5%34.1%8.3%8.9%1.2M-22.8M-86.3K0.01103.33N/AN/A286221,5045,155
2026-01-29$24.26$24.0036.5%10.5%28.3%21.0%36.6%8.4%9.4%1.2M-22.3M-86.8K0.0591.67N/AN/A3882121,4495,154
2026-01-30$24.14$24.0037.2%10.7%28.3%21.9%35.9%9.2%10.5%1.3M-21.9M-86.1K0.1992.83N/AN/A621221,9505,154