ELAN Options History — March 2026

In March 2026, ELAN traded between $22.67 and $26.20. ATM implied volatility averaged 44.6%, placing in the 31.6% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded below realized volatility by 2.0% (HV 20d: 46.6%). Max pain ranged from $22.00 to $24.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 1.61.

Notable Days

  • 2026-03-09: Highest Volume — 1,343 contracts
  • 2026-03-05: Largest IV spike — 17.1% change
  • 2026-03-30: Highest IV Rank — 40.3%
  • 2026-03-30: Largest Expected Move — 14.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.19$22.67$26.20$26.20$24.11
Max Pain$22.27$22.00$24.00$24.00$22.00
ATM IV44.6%39.1%51.3%39.8%46.7%
Expected Move12.6%11.2%14.7%11.4%13.4%
HV 20d46.6%35.5%57.1%35.5%55.8%
HV 60d35.9%31.5%42.4%32.0%42.4%
IV Rank31.6%24.4%40.3%25.3%34.3%
IV Percentile62.7%41.7%77.8%45.6%70.2%
Term Structure2.2%-4.2%7.4%1.0%7.2%
VWIV44.2%40.7%51.5%41.9%43.6%
Skew 25d6.7%4.1%9.2%6.0%7.6%
Skew 10d14.2%6.0%21.7%6.0%14.0%
Call IV 25d42.3%38.8%49.3%39.8%45.9%
Put IV 25d49.0%45.8%56.3%45.8%53.5%
Bid-Ask Spread %45.9423.7581.6378.7027.00
Gamma HHI0.230.120.460.170.12
Net GEX4.3K-528.2K319.6K129.5K187.7K
Net DEX-9.2M-16.3M-551.7K-16.3M-10.0M
Net VEX-59.9K-71.7K-50.1K-68.3K-51.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.610.0119.980.200.08
Total Volume345.5271,34318153
Total OI23,65716,68327,25126,24518,094

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$26.20$24.0039.8%11.4%35.5%25.3%41.9%6.0%1.0%129.5K-16.3M-68.3K0.2078.70N/AN/A1513012,10214,143
2026-03-03$24.87$24.0041.3%11.8%40.3%27.2%41.6%6.9%-0.7%-4.8K-11.4M-71.7K0.6281.63N/AN/A28717812,61114,148
2026-03-04$24.54$24.0039.1%11.2%40.4%24.4%42.1%6.1%0.6%-51.5K-10.5M-69.2K0.1380.49N/AN/A2373012,60714,194
2026-03-05$23.85$22.0045.8%12.5%41.6%33.1%42.9%7.5%-0.9%-190.3K-6.2M-70.8K0.5767.70N/AN/A38622012,57514,193
2026-03-06$23.34$22.0048.6%13.2%42.0%36.8%47.4%7.2%-4.2%-313.4K-3.3M-71.3K1.5573.36N/AN/A20732112,74514,195
2026-03-09$23.89$22.0049.8%12.3%40.6%38.3%42.0%9.2%-0.7%-282.2K-5.5M-67.6K4.4678.44N/AN/A2461,09712,80914,442
2026-03-10$23.83$22.0046.5%11.8%40.2%34.0%40.7%5.5%2.4%-184.9K-6.6M-67.2K0.3571.23N/AN/A20712,75813,860
2026-03-11$23.31$22.0043.2%12.4%38.3%29.7%41.6%6.1%2.6%-297.9K-4.2M-66.1K0.3676.09N/AN/A441612,76113,858
2026-03-12$22.67$22.0046.2%13.1%38.9%33.6%48.4%7.5%-1.7%-496.8K-551.7K-64.1K1.6729.81N/AN/A16727912,78313,849
2026-03-13$22.81$22.0045.0%12.8%37.8%32.0%46.4%5.2%-1.3%-528.2K-1.3M-63.3K2.9323.75N/AN/A5516112,71713,730
2026-03-16$23.29$22.0043.4%12.5%38.5%30.0%42.2%7.4%1.5%-402.1K-4.4M-58.7K1.0929.20N/AN/A566112,74413,780
2026-03-17$25.52$22.0040.8%12.1%51.2%26.6%40.8%8.1%1.4%311.3K-16.0M-54.6K0.1326.97N/AN/A5276912,72613,810
2026-03-18$24.93$22.0041.6%11.9%51.8%27.6%41.8%5.1%3.2%252.6K-14.4M-55.1K0.2931.36N/AN/A1253612,83513,833
2026-03-19$25.23$22.0042.3%12.3%51.6%28.5%44.7%6.4%6.1%319.6K-15.0M-55.3K0.4831.53N/AN/A1838712,88013,830
2026-03-20$23.91$22.0043.5%13.1%55.0%30.1%42.5%5.7%-2.0%313.6K-9.3M-53.9K0.1526.11N/AN/A1121712,89213,850
2026-03-23$24.50$22.0046.1%13.0%55.7%33.5%43.2%7.6%5.7%225.0K-11.6M-52.0K0.0427.38N/AN/A244910,7225,961
2026-03-24$24.86$22.0044.3%12.6%52.3%31.1%44.0%6.0%6.3%261.8K-13.2M-51.9K0.0326.45N/AN/A3111010,9505,947
2026-03-25$25.38$22.0043.6%12.5%51.6%30.2%44.9%7.2%7.4%311.5K-14.7M-52.6K0.2225.99N/AN/A451011,2165,947
2026-03-26$24.68$22.0044.7%12.8%51.9%31.7%47.3%8.5%6.3%269.8K-13.1M-51.7K0.0128.64N/AN/A163111,2245,951
2026-03-27$23.05$22.0048.5%13.9%56.7%36.6%50.3%4.1%4.6%123.3K-7.5M-51.2K0.0336.63N/AN/A266711,1225,951
2026-03-30$23.35$22.0051.3%14.7%57.1%40.3%51.5%7.1%4.1%140.2K-8.2M-50.1K19.9832.23N/AN/A511,01911,1595,950
2026-03-31$24.11$22.0046.7%13.4%55.8%34.3%43.6%7.6%7.2%187.7K-10.0M-51.7K0.0827.00N/AN/A49411,1436,951