Elanco Animal Health (ELAN) Options Chain

NYSE: ELANHealth CareBiotechnology: Pharmaceutical PreparationsUSD

22.92+0.375 (+1.66%)

At close: Oct 9, 3:59 PM ET · Delayed 15 min

After hours: 22.92 +0.02%

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 7
Share price: $22.92
Put/call ratio (OI): 0.29
Put/call ratio (volume): 0.09
ATM implied volatility: 44.2%
Expected move: ±$1.40
Open interest (C / P): 4.37K / 1.29K

ELAN options summary

The ELAN options chain for the October 16, 2026 expiration lists 20 call and 16 put contracts, with 7 days until expiration. Open interest stands at 4,371 calls and 1,288 puts, a put/call ratio of 0.29, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $23.00 strike is 44.2%, which implies the market expects a move of about ±$1.40 (6.1%) in Elanco Animal Health stock by expiration.

The most open interest sits at the $23.00 call (958 contracts) and the $22.00 put (736 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

ELAN options chain · October 16, 2026

ELAN calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
0	1	—	10.26	0.00	0.00	15.00	0.00	0.00	0.55	50.0%	—	0
1	1	259.0%	6.67	6.00	7.60	16.00	0.00	0.45	0.08	183.6%	2	5
—	—	—	—	—	—	17.00	0.00	0.45	0.08	159.0%	10	26
0	2	—	6.21	0.00	0.00	18.00	0.00	0.00	0.32	50.0%	7	0
214	2	189.8%	3.90	3.00	4.80	19.00	0.00	0.45	0.19	112.5%	4	24
57	9	60.9%	2.16	2.15	3.80	20.00	0.00	0.30	0.10	78.9%	2	191
632	621	78.3%	2.32	1.40	2.25	21.00	0.00	0.30	0.40	57.8%	1	54
52	2	54.6%	0.90	0.95	1.60	22.00	0.10	0.45	0.38	62.7%	4	736
ELAN $22.92
958	2	43.5%	0.40	0.30	0.55	23.00	0.30	0.65	0.85	44.9%	3	114
941	3	42.6%	0.16	0.10	0.20	24.00	0.95	1.70	0.86	77.6%	20	115
423	1	49.2%	0.06	0.00	0.10	25.00	1.60	2.90	2.25	58.2%	1	16
55	4	81.5%	0.15	0.00	0.45	26.00	2.50	4.00	2.42	74.6%	5	4
335	15	96.9%	0.24	0.00	0.45	27.00	2.50	3.40	2.55	—	—	3
260	10	110.9%	0.10	0.00	0.45	28.00	0.00	0.00	4.75	—	2	0
127	3	112.1%	0.10	0.00	0.30	29.00	5.20	7.00	5.10	76.6%	2	0
200	10	136.7%	0.07	0.00	0.45	30.00	—	—	—	—	—	—
46	36	148.2%	0.95	0.00	0.45	31.00	—	—	—	—	—	—
45	1	159.4%	0.25	0.00	0.45	32.00	—	—	—	—	—	—
21	1	174.0%	0.75	0.00	0.50	33.00	—	—	—	—	—	—
1	1	184.0%	0.55	0.00	0.50	34.00	—	—	—	—	—	—
3	2	189.1%	0.20	0.00	0.45	35.00	—	—	—	—	—	—
—	—	—	—	—	—	40.00	14.00	16.40	16.26	—	2	0

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the ELAN put/call ratio?

For the October 16, 2026 expiration, the ELAN put/call ratio based on open interest is 0.29 (1,288 puts vs 4,371 calls), and 0.09 based on today's volume. A ratio above 1 means more puts than calls.

What is ELAN's implied volatility?

At-the-money implied volatility for ELAN options expiring October 16, 2026 is about 44.2%, an annualized estimate of how much the market expects Elanco Animal Health stock to move.

How many ELAN option expiration dates are there?

ELAN has 4 listed expiration dates, from Oct 16, 2026 to Apr 16, 2027.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.