Elanco Animal Health (ELAN)
Elanco Animal Health Max Pain By Strike
ELAN trades at $17.5, 9.4% above the near-term max pain of $16 expiring Sep 19, 2025 (29 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($9-$16), reflecting growing call interest at higher strikes. Key magnetic zone at 12 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Elanco Animal Health Max Pain By Expiry
Max pain for ELAN shows an upward trend from 9 to 16, suggesting bullish positioning in longer-dated options. The 58% spread signals divergent expectations across timeframes. Most levels below 17.5 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 16 | -1.50 (-8.55%) |
| Oct 17, 2025 | 12 | -5.50 (-31.41%) |
| Dec 19, 2025 | 13 | -4.50 (-25.69%) |
| Jan 16, 2026 | 12 | -5.50 (-31.41%) |
| Apr 17, 2026 | 9 | -8.50 (-48.56%) |
| Jan 15, 2027 | 10 | -7.50 (-42.84%) |