ELAN · Elanco Animal Health Inc

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$24.90 +0.12 (+0.48%) At close · Jul 24

Market Cap

$12.44B

499.45M

Options Chain

15-min delayed Underlying $24.90 · today Options Calculator

Positioning

Aug 21, 2026 · 25 days to expiry · 38 contracts

Put / call OI

0.67

Call-heavy positioning

Open interest

357

contracts outstanding

Volume

traded today

Max pain

$25.00

$0.10 above spot

ATM implied vol

61.7%

market's expected move

Open interest by strike

Calls Puts

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 25d Sep 18 53d Oct 16 81d Jan 15 172d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
1	1	159.6%	0.922	$11.21		—	—	—	—	0
Call · $15 In the money Last $11.21 Breakeven $26.21 Implied vol 159.6% Delta 0.922 ≈92% ITM Gamma 0.014 Theta -0.031 Vega 0.009 Open interest 1 Model this call Put · $15 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	116.4%	0.947	—		—	-0.078	135.7%	—	0
Call · $16 In the money Last — Breakeven — Implied vol 116.4% Delta 0.947 ≈95% ITM Gamma 0.014 Theta -0.018 Vega 0.009 Open interest 0 Model this call Put · $16 Last — Breakeven — Implied vol 135.7% Delta -0.078 ≈8% ITM Gamma 0.016 Theta -0.025 Vega 0.009 Open interest 0 Model this put
0	—	102.6%	0.941	—		$0.25	-0.087	121.5%	1	3
Call · $17 In the money Last — Breakeven — Implied vol 102.6% Delta 0.941 ≈94% ITM Gamma 0.018 Theta -0.017 Vega 0.009 Open interest 0 Model this call Put · $17 Last $0.25 Breakeven $16.75 Implied vol 121.5% Delta -0.087 ≈9% ITM Gamma 0.02 Theta -0.025 Vega 0.009 Open interest 3 Model this put
0	—	89.5%	0.934	—		$0.13	-0.094	105.6%	2	2
Call · $18 In the money Last — Breakeven — Implied vol 89.5% Delta 0.934 ≈93% ITM Gamma 0.022 Theta -0.017 Vega 0.01 Open interest 0 Model this call Put · $18 Last $0.13 Breakeven $17.87 Implied vol 105.6% Delta -0.094 ≈9% ITM Gamma 0.024 Theta -0.023 Vega 0.01 Open interest 2 Model this put
0	—	95.8%	0.887	—		—	-0.102	90.6%	—	0
Call · $19 In the money Last — Breakeven — Implied vol 95.8% Delta 0.887 ≈89% ITM Gamma 0.031 Theta -0.025 Vega 0.015 Open interest 0 Model this call Put · $19 Last — Breakeven — Implied vol 90.6% Delta -0.102 ≈10% ITM Gamma 0.03 Theta -0.021 Vega 0.01 Open interest 0 Model this put
1	1	85.1%	0.864	$5.70		$0.35	-0.122	79.3%	14	14
Call · $20 In the money Last $5.70 Breakeven $25.70 Implied vol 85.1% Delta 0.864 ≈86% ITM Gamma 0.039 Theta -0.026 Vega 0.015 Open interest 1 Model this call Put · $20 Last $0.35 Breakeven $19.65 Implied vol 79.3% Delta -0.122 ≈12% ITM Gamma 0.039 Theta -0.021 Vega 0.015 Open interest 14 Model this put
0	—	74.9%	0.834	—		$0.40	-0.175	78.9%	2	29
Call · $21 In the money Last — Breakeven — Implied vol 74.9% Delta 0.834 ≈83% ITM Gamma 0.051 Theta -0.026 Vega 0.016 Open interest 0 Model this call Put · $21 Last $0.40 Breakeven $20.60 Implied vol 78.9% Delta -0.175 ≈18% ITM Gamma 0.05 Theta -0.026 Vega 0.016 Open interest 29 Model this put
3	3	73.2%	0.774	$4.18		$0.55	-0.217	69.2%	4	6
Call · $22 In the money Last $4.18 Breakeven $26.18 Implied vol 73.2% Delta 0.774 ≈77% ITM Gamma 0.063 Theta -0.03 Vega 0.021 Open interest 3 Model this call Put · $22 Last $0.55 Breakeven $21.45 Implied vol 69.2% Delta -0.217 ≈22% ITM Gamma 0.065 Theta -0.026 Vega 0.021 Open interest 6 Model this put
0	—	73.3%	0.699	—		$0.70	-0.287	64.9%	1	9
Call · $23 In the money Last — Breakeven — Implied vol 73.3% Delta 0.699 ≈70% ITM Gamma 0.073 Theta -0.035 Vega 0.022 Open interest 0 Model this call Put · $23 Last $0.70 Breakeven $22.30 Implied vol 64.9% Delta -0.287 ≈29% ITM Gamma 0.08 Theta -0.028 Vega 0.022 Open interest 9 Model this put
3	4	69.9%	0.621	$2.55		$1.20	-0.376	63.8%	1	8
Call · $24 In the money Last $2.55 Breakeven $26.55 Implied vol 69.9% Delta 0.621 ≈62% ITM Gamma 0.083 Theta -0.036 Vega 0.025 Open interest 3 Model this call Put · $24 Last $1.20 Breakeven $22.80 Implied vol 63.8% Delta -0.376 ≈38% ITM Gamma 0.091 Theta -0.03 Vega 0.026 Open interest 8 Model this put
Underlying $24.90
21	2	64.2%	0.531	$1.50		$1.60	-0.473	59.2%	5	64
Call · $25 Last $1.50 Breakeven $26.50 Implied vol 64.2% Delta 0.531 ≈53% ITM Gamma 0.096 Theta -0.035 Vega 0.026 Open interest 21 Model this call Put · $25 In the money Last $1.60 Breakeven $23.40 Implied vol 59.2% Delta -0.473 ≈47% ITM Gamma 0.104 Theta -0.03 Vega 0.026 Open interest 64 Model this put
52	1	64.2%	0.44	$1.20		$2.55	-0.566	62.2%	13	8
Call · $26 Last $1.20 Breakeven $27.20 Implied vol 64.2% Delta 0.44 ≈44% ITM Gamma 0.094 Theta -0.034 Vega 0.027 Open interest 52 Model this call Put · $26 In the money Last $2.55 Breakeven $23.45 Implied vol 62.2% Delta -0.566 ≈57% ITM Gamma 0.097 Theta -0.03 Vega 0.027 Open interest 8 Model this put
29	1	68.8%	0.368	$0.91		—	-0.672	57.1%	—	0
Call · $27 Last $0.91 Breakeven $27.91 Implied vol 68.8% Delta 0.368 ≈37% ITM Gamma 0.084 Theta -0.035 Vega 0.024 Open interest 29 Model this call Put · $27 In the money Last — Breakeven — Implied vol 57.1% Delta -0.672 ≈67% ITM Gamma 0.098 Theta -0.025 Vega 0.024 Open interest 0 Model this put
24	11	69.4%	0.298	$0.90		—	-0.727	64.1%	—	0
Call · $28 Last $0.90 Breakeven $28.90 Implied vol 69.4% Delta 0.298 ≈30% ITM Gamma 0.076 Theta -0.032 Vega 0.024 Open interest 24 Model this call Put · $28 In the money Last — Breakeven — Implied vol 64.1% Delta -0.727 ≈73% ITM Gamma 0.081 Theta -0.026 Vega 0.024 Open interest 0 Model this put
33	2	59.7%	0.194	$0.55		—	-0.82	57.9%	—	0
Call · $29 Last $0.55 Breakeven $29.55 Implied vol 59.7% Delta 0.194 ≈19% ITM Gamma 0.07 Theta -0.022 Vega 0.019 Open interest 33 Model this call Put · $29 In the money Last — Breakeven — Implied vol 57.9% Delta -0.82 ≈82% ITM Gamma 0.071 Theta -0.018 Vega 0.019 Open interest 0 Model this put
38	2	58.6%	0.135	$0.42		—	-0.867	59.7%	—	0
Call · $30 Last $0.42 Breakeven $30.42 Implied vol 58.6% Delta 0.135 ≈13% ITM Gamma 0.056 Theta -0.017 Vega 0.013 Open interest 38 Model this call Put · $30 In the money Last — Breakeven — Implied vol 59.7% Delta -0.867 ≈87% ITM Gamma 0.058 Theta -0.015 Vega 0.013 Open interest 0 Model this put
2	1	73%	0.151	$0.35		—	-0.977	44.9%	—	0
Call · $31 Last $0.35 Breakeven $31.35 Implied vol 73% Delta 0.151 ≈15% ITM Gamma 0.049 Theta -0.023 Vega 0.013 Open interest 2 Model this call Put · $31 In the money Last — Breakeven — Implied vol 44.9% Delta -0.977 ≈98% ITM Gamma 0.03 Theta -0.002 Vega 0.003 Open interest 0 Model this put
6	1	75.7%	0.128	$0.20		—	-0.979	49.9%	—	0
Call · $32 Last $0.20 Breakeven $32.20 Implied vol 75.7% Delta 0.128 ≈13% ITM Gamma 0.042 Theta -0.021 Vega 0.013 Open interest 6 Model this call Put · $32 In the money Last — Breakeven — Implied vol 49.9% Delta -0.979 ≈98% ITM Gamma 0.025 Theta -0.002 Vega 0.003 Open interest 0 Model this put
1	1	85.7%	0.133	$0.14		—	—	—	—	0
Call · $33 Last $0.14 Breakeven $33.14 Implied vol 85.7% Delta 0.133 ≈13% ITM Gamma 0.038 Theta -0.024 Vega 0.014 Open interest 1 Model this call Put · $33 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 1739104 CUSIP 28414H103 13F (30d) 113 filings 101 filers Visit website Investor relations