ELAN Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete ELAN options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around ELAN.
Near-Term Options-Derived Market Structure
NEUTRAL OUTLOOK
Reflecting options positioning and volatility conditions over the coming sessions.
The options structure reflects a high-confidence neutral environment. Dealer positioning and volatility suppression suggest a stable range-bound setup rather than a directional move. Options Chian
On the put side, the bearish positioning looks mainly like hedging. This reflects caution and short-term protection rather than a true bearish call. Confidence: 67%
Current DPI is 0.533(bearish). Bearish, momentum neutral or unclear.
Options Terrain Outlook (3-Month)
Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions are moderately choppy. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-10-16 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 3)
Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 2.83% 1-day move.
The expected range for the next 3 days is 21.85 — 24.29 , corresponding to +8.38% / -2.50% .
Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.
Bullish flow suggests upside interest toward 25.57 (14.11% above spot).
Bearish positioning points to downside pressure toward 21.68 (3.26% below spot).
Options flow strength: 0.59 (0–1 scale). ATM Strike: 22.00, Call: 0.80, Put: 0.30, Straddle Cost: 1.10.
Price moves may extend once a direction forms. The short-term gamma flip is near 22.50 , with intermediate positioning around 22.44 . The mid-term gamma flip remains near 22.44.