Elanco Animal Health (ELAN) Options Chain

NYSE: ELANHealth CareBiotechnology: Pharmaceutical PreparationsUSD

22.92+0.38 (+1.69%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Apr 16, 2027
Days to expiration: 187
Share price: $22.92
Put/call ratio (OI): 0.12
Put/call ratio (volume): 0.09
ATM implied volatility: 52.0%
Expected move: ±$8.54
Open interest (C / P): 514 / 60

ELAN options summary

The ELAN options chain for the April 16, 2027 expiration lists 16 call and 9 put contracts, with 187 days until expiration. Open interest stands at 514 calls and 60 puts, a put/call ratio of 0.12, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $23.00 strike is 52.0%, which implies the market expects a move of about ±$8.54 (37.2%) in Elanco Animal Health stock by expiration.

The most open interest sits at the $31.00 call (390 contracts) and the $20.00 put (47 contracts).

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

ELAN options chain · April 16, 2027

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
3	—	58.5%	7.97	8.00	9.10	15.00	0.15	0.75	0.48	52.5%	1	2
2	2	52.2%	5.63	5.70	6.50	18.00	0.60	1.30	1.15	54.7%	1	1
10	6	51.2%	5.25	5.00	5.80	19.00	0.95	1.55	1.40	52.6%	1	2
12	9	52.1%	4.24	4.40	5.30	20.00	1.25	1.90	1.85	51.6%	—	47
14	14	52.0%	4.90	3.80	4.80	21.00	1.50	2.25	1.45	49.9%	—	3
10	—	50.3%	5.82	3.20	4.20	22.00	2.05	2.70	2.45	49.1%	—	1
ELAN $22.92
1	—	55.7%	2.81	2.75	3.60	23.00	2.35	3.20	2.95	48.3%	1	2
5	5	54.1%	3.45	2.30	3.10	24.00	—	—	—	—	—	—
24	1	52.7%	1.96	1.90	2.65	25.00	3.40	4.40	4.00	47.7%	—	1
3	1	54.6%	2.35	1.65	2.45	26.00	4.30	5.10	4.50	48.0%	—	1
10	—	53.6%	1.54	0.95	1.85	28.00	—	—	—	—	—	—
10	—	53.2%	1.35	0.75	1.60	29.00	—	—	—	—	—	—
12	2	51.4%	2.90	0.55	1.30	30.00	—	—	—	—	—	—
390	2	51.7%	0.73	0.40	1.15	31.00	—	—	—	—	—	—
2	—	51.7%	1.37	0.30	1.00	32.00	—	—	—	—	—	—
6	1	50.3%	0.55	0.20	0.60	35.00	—	—	—	—	—	—

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 April 16, 2027 expiration, the ELAN put/call ratio based on open interest is 0.12 (60 puts vs 514 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 April 16, 2027 is about 52.0%, 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.