Elanco Animal Stock Options
| ELAN Stock | USD 11.17 0.25 2.29% |
Elanco Animal's latest option contracts expiring on April 17th 2025 are carrying combined implied volatility of 0.89 with a put-to-call open interest ratio of 0.83 over 30 outstanding agreements suggesting investors are buying slightly more calls than puts on contracts expiring on April 17th 2025. The total put volume is at 2.0, with calls trading at the volume of 1.0. This yields a 2.0 put-to-call volume ratio.
Open Interest Against April 17th 2025 Option Contracts
2025-04-17
The chart above shows Elanco Animal's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Elanco Animal's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Elanco Animal's option, there is no secondary market available for investors to trade.
Elanco Animal Maximum Pain Price Across 2025-04-17 Option Contracts
Max pain occurs when Elanco Animal's market makers reach a net positive position across all Elanco Animal's options at a strike price where option holders stand to lose the most money. By contrast, Elanco Animal's option sellers may reap the most after selling more options than buying, causing them to expire worthless.
In The Money vs. Out of Money Option Contracts on Elanco Animal
Analyzing Elanco Animal's in-the-money options over time can help investors to take a profitable long position in Elanco Animal regardless of its overall volatility. This is especially true when Elanco Animal's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Elanco Animal's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Elanco Animal's stock while costing only a fraction of its price.
Please note that buying 'in-the-money' options on Elanco Animal lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Elanco Animal's value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money Elanco Animal contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if Elanco Stock moves the wrong way.
Elanco Animal Health In The Money Call Balance
When Elanco Animal's strike price is surpassing the current stock price, the option contract against Elanco Animal Health stock is said to be in the money. When it comes to buying Elanco Animal's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Elanco Animal Health are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Elanco Current Options Market Mood
Elanco Animal's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Elanco Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Using current Elanco Animal's option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.
Rule 16 of the current Elanco contract
Base on the Rule 16, the options market is currently suggesting that Elanco Animal Health will have an average daily up or down price movement of about 0.0556% per day over the life of the 2025-04-17 option contract. With Elanco Animal trading at USD 11.17, that is roughly USD 0.006213. If you think that the market is fully incorporating Elanco Animal's daily price movement you should consider buying Elanco Animal Health options at the current volatility level of 0.89%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Elanco |
Purchasing Elanco Animal options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Elanco calls. Remember, the seller must deliver Elanco Animal Health stock to the call owner when a call is exercised.
Elanco Animal Option Chain
When Elanco Animal's strike price is surpassing the current stock price, the option contract against Elanco Animal Health stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
Elanco Animal's option chain is a display of a range of information that helps investors for ways to trade options on Elanco. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Elanco. It also shows strike prices and maturity days for a Elanco Animal against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. | Open Int | Strike Price | Current Spread | Last Price | |||
Call | ELAN250417C00009000 | 2 | 9.0 | 2.2 - 3.4 | 2.5 | In |
Call | ELAN250417C00010000 | 141 | 10.0 | 1.4 - 2.45 | 1.05 | In |
Call | ELAN250417C00011000 | 1036 | 11.0 | 0.05 - 0.9 | 0.7 | In |
Call | ELAN250417C00012000 | 433 | 12.0 | 0.35 - 0.45 | 0.36 | Out |
Call | ELAN250417C00013000 | 991 | 13.0 | 0.1 - 0.25 | 0.2 | Out |
Call | ELAN250417C00014000 | 2312 | 14.0 | 0.05 - 0.1 | 0.09 | Out |
Call | ELAN250417C00015000 | 1180 | 15.0 | 0.0 - 0.1 | 0.05 | Out |
Call | ELAN250417C00016000 | 150 | 16.0 | 0.0 - 0.75 | 0.1 | Out |
Call | ELAN250417C00017000 | 89 | 17.0 | 0.0 - 0.75 | 0.1 | Out |
Call | ELAN250417C00018000 | 116 | 18.0 | 0.0 - 0.75 | 0.15 | Out |
Call | ELAN250417C00019000 | 33 | 19.0 | 0.0 - 0.75 | 0.05 | Out |
Call | ELAN250417C00020000 | 428 | 20.0 | 0.0 - 0.75 | 0.25 | Out |
Call | ELAN250417C00021000 | 15 | 21.0 | 0.0 - 0.75 | 0.1 | Out |
Call | ELAN250417C00022000 | 10 | 22.0 | 0.0 - 0.75 | 0.5 | Out |
Call | ELAN250417C00025000 | 0 | 25.0 | 0.0 - 0.75 | 0.75 | |
Put | ELAN250417P00009000 | 560 | 9.0 | 0.1 - 0.2 | 0.21 | Out |
Put | ELAN250417P00010000 | 1853 | 10.0 | 0.2 - 0.45 | 0.2 | Out |
Put | ELAN250417P00011000 | 731 | 11.0 | 0.5 - 0.65 | 0.95 | Out |
Put | ELAN250417P00012000 | 673 | 12.0 | 1.05 - 1.2 | 1.6 | In |
Put | ELAN250417P00013000 | 1854 | 13.0 | 1.85 - 3.1 | 2.14 | In |
Put | ELAN250417P00014000 | 52 | 14.0 | 2.75 - 4.1 | 2.85 | In |
Put | ELAN250417P00015000 | 17 | 15.0 | 2.5 - 5.2 | 2.85 | In |
Put | ELAN250417P00016000 | 9 | 16.0 | 3.5 - 6.2 | 3.83 | In |
Put | ELAN250417P00017000 | 0 | 17.0 | 4.5 - 7.2 | 4.71 | In |
Put | ELAN250417P00018000 | 3 | 18.0 | 5.5 - 8.2 | 5.5 | In |
Put | ELAN250417P00019000 | 0 | 19.0 | 6.6 - 9.0 | 6.3 | In |
Put | ELAN250417P00020000 | 4 | 20.0 | 7.5 - 10.2 | 7.7 | In |
Put | ELAN250417P00021000 | 0 | 21.0 | 9.6 - 11.2 | 8.1 | In |
Put | ELAN250417P00022000 | 0 | 22.0 | 9.5 - 12.2 | 9.5 | In |
Put | ELAN250417P00025000 | 0 | 25.0 | 12.5 - 15.2 | 12.5 | In |
Elanco Total Stockholder Equity
Total Stockholder Equity |
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Elanco Animal Corporate Directors
| Joshua Smiley | Independent Director | Profile | |
| Carl McMillian | Independent Director | Profile | |
| Denise ScotsKnight | Independent Director | Profile | |
| Kirk McDonald | Independent Director | Profile |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elanco Animal Health. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.
Is Pharmaceuticals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Elanco Animal. If investors know Elanco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Elanco Animal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.71) | Earnings Share 0.68 | Revenue Per Share | Quarterly Revenue Growth (0.01) | Return On Assets |
The market value of Elanco Animal Health is measured differently than its book value, which is the value of Elanco that is recorded on the company's balance sheet. Investors also form their own opinion of Elanco Animal's value that differs from its market value or its book value, called intrinsic value, which is Elanco Animal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Elanco Animal's market value can be influenced by many factors that don't directly affect Elanco Animal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Elanco Animal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elanco Animal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elanco Animal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.