ELAN Options History — February 2026

In February 2026, ELAN traded between $24.27 and $26.85. ATM implied volatility averaged 44.7%, placing in the 31.7% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 16.6% (HV 20d: 28.1%). Max pain ranged from $24.00 to $24.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 1.02.

Notable Days

  • 2026-02-06: Highest Volume — 10,675 contracts
  • 2026-02-11: Largest IV spike — 39.8% change
  • 2026-02-23: Highest IV Rank — 49.4%
  • 2026-02-23: Largest Expected Move — 16.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.22$24.27$26.85$24.59$26.44
Max Pain$24.00$24.00$24.00$24.00$24.00
ATM IV44.7%34.5%58.3%34.5%39.2%
Expected Move13.4%9.9%16.7%9.9%11.2%
HV 20d28.1%19.4%35.4%28.2%35.4%
HV 60d31.7%29.8%32.7%32.7%31.9%
IV Rank31.7%18.4%49.4%18.4%24.5%
IV Percentile56.2%19.8%88.5%19.8%41.7%
Term Structure-1.5%-8.0%11.3%10.6%-0.8%
VWIV48.7%36.3%63.4%36.3%38.8%
Skew 25d6.6%3.2%11.8%6.6%3.2%
Skew 10d18.1%7.2%36.8%19.6%23.3%
Call IV 25d45.8%35.7%54.9%36.1%40.4%
Put IV 25d52.4%42.7%66.3%42.7%43.7%
Bid-Ask Spread %67.0052.1196.6792.5777.64
Gamma HHI0.230.150.290.290.17
Net GEX857.0K-92.2K1.5M1.4M126.2K
Net DEX-20.3M-30.6M-8.1M-25.0M-16.6M
Net VEX-74.7K-86.3K-62.5K-84.4K-63.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.017.210.090.59
Total Volume1,775.1054910,675263364
Total OI27,704.10520,46631,27227,13325,527

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$24.59$24.0034.5%9.9%28.2%18.4%36.3%6.6%10.6%1.4M-25.0M-84.4K0.0992.57N/AN/A2422121,9705,163
2026-02-03$24.37$24.0038.3%11.0%27.4%23.3%37.3%8.3%11.3%1.4M-24.0M-83.1K0.1091.88N/AN/A1061122,2705,177
2026-02-04$24.57$24.0036.6%10.5%24.8%21.2%37.6%8.6%10.6%1.4M-24.9M-82.0K0.2096.67N/AN/A41822,2895,182
2026-02-05$24.27$24.0040.6%13.9%19.4%26.3%45.8%5.9%-2.2%1.4M-23.3M-79.9K0.3567.88N/AN/A1214222,2975,190
2026-02-06$25.18$24.0039.0%13.7%22.6%24.2%54.3%5.3%-3.6%1.5M-30.6M-79.2K1.6758.48N/AN/A4,0036,67222,3255,161
2026-02-09$24.71$24.0037.2%13.6%23.8%21.9%50.8%9.0%-4.8%1.0M-18.7M-86.3K0.4157.65N/AN/A1215019,83211,439
2026-02-10$25.58$24.0035.1%13.6%26.2%19.1%49.6%6.8%-4.1%1.2M-24.7M-84.7K0.3857.87N/AN/A1696519,81811,454
2026-02-11$25.77$24.0049.0%14.1%25.0%37.3%53.4%6.4%-4.1%1.3M-27.3M-81.9K0.0155.95N/AN/A6,2265519,74011,460
2026-02-12$24.93$24.0054.4%15.6%28.0%44.3%57.3%4.2%-5.5%872.0K-19.1M-80.0K0.1567.59N/AN/A3855917,83511,455
2026-02-13$25.20$24.0052.7%15.1%28.2%42.1%53.9%6.6%-4.8%1.0M-20.8M-78.6K0.0457.09N/AN/A1,1364517,94811,461
2026-02-17$24.96$24.0054.3%15.6%28.3%44.1%58.2%7.1%-6.3%887.2K-18.4M-71.9K7.2157.40N/AN/A7554117,39211,493
2026-02-18$24.73$24.0052.3%15.0%28.0%41.5%54.1%3.9%-4.4%830.0K-16.1M-72.0K2.4064.78N/AN/A20549317,57111,864
2026-02-19$25.13$24.0052.0%14.9%28.5%41.2%53.9%7.1%-5.6%905.1K-19.6M-69.0K0.4860.09N/AN/A1597617,52612,331
2026-02-20$24.85$24.0051.7%14.8%28.1%40.8%51.9%3.9%-5.2%828.7K-17.7M-67.1K0.0663.62N/AN/A4072617,66112,390
2026-02-23$24.68$24.0058.3%16.7%28.1%49.4%63.4%11.8%-8.0%-92.2K-8.1M-67.9K2.2852.11N/AN/A1,1252,5669,58010,886
2026-02-24$26.05$24.0044.2%12.7%34.0%31.0%46.2%6.8%-2.2%12.5K-14.5M-63.5K0.4258.56N/AN/A3,2351,34610,52213,117
2026-02-25$26.85$24.0040.7%11.7%35.3%26.5%41.0%6.7%-1.0%179.5K-18.7M-62.7K0.1056.37N/AN/A1,83918811,47312,955
2026-02-26$26.27$24.0039.6%11.4%35.4%25.1%40.7%6.8%0.8%161.6K-17.5M-62.5K2.3978.71N/AN/A4441,06011,56313,061
2026-02-27$26.44$24.0039.2%11.2%35.4%24.5%38.8%3.2%-0.8%126.2K-16.6M-63.5K0.5977.64N/AN/A22913511,43414,093