ADEA Options History — January 2023

In January 2023, ADEA traded between $9.93 and $11.23. ATM implied volatility averaged 83.0%. The 30-day expected move averaged 28.9%. IV traded above realized volatility by 50.4% (HV 20d: 32.6%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.02.

Notable Days

  • 2023-01-23: Highest Volume — 270 contracts
  • 2023-01-11: Largest IV spike — 243.3% change
  • 2023-01-18: Largest Expected Move — 46.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.72$9.93$11.23$9.93$10.91
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV83.0%40.4%162.7%77.6%73.7%
Expected Move28.9%11.6%46.6%22.2%21.1%
HV 20d32.6%27.9%38.3%35.7%31.3%
HV 60d44.2%40.2%47.1%47.1%40.3%
Term Structure10.7%-47.4%58.4%25.7%-5.6%
VWIV71.9%31.7%124.0%90.3%31.7%
Skew 25d43.4%-229.7%209.7%27.5%25.2%
Skew 10d89.0%-177.7%257.9%42.9%43.0%
Call IV 25d81.1%28.3%231.7%56.2%30.5%
Put IV 25d124.5%2.0%302.9%83.7%55.7%
Bid-Ask Spread %119.2097.43138.8897.43116.66
Gamma HHI0.710.500.910.840.50
Net GEX-23-6.5K9.0K-3.9K6.5K
Net DEX-142.0K-360.6K64.9K64.9K-355.2K
Net VEX-751-1.5K-369-369-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.020.000.250.000.25
Total Volume28.20270965
Total OI482.5226650356650

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$9.93$10.0077.6%22.2%35.7%0.0%90.3%27.5%25.7%-3.9K64.9K-3690.0097.43N/AN/A960127229
2023-01-04$10.09$10.0064.1%18.4%36.4%0.0%0.0%32.6%12.6%-6.5K-1.2K-5950.00105.08N/AN/A00220229
2023-01-05$10.41$10.0066.0%41.3%37.6%0.0%0.0%-89.8%-29.6%-4.2K-39.6K-5640.00120.07N/AN/A100220229
2023-01-06$10.66$10.0053.2%39.7%38.3%0.0%0.0%192.4%15.2%-4.9K-65.2K-5870.00125.17N/AN/A00230229
2023-01-09$10.63$10.0071.3%45.8%37.5%0.0%124.0%174.6%-47.4%-4.3K-58.8K-5850.00124.75N/AN/A100230229
2023-01-10$10.63$10.0045.8%43.6%36.1%0.0%0.0%-80.2%-33.4%-6.5K-92.5K-5320.00123.34N/AN/A50240229
2023-01-11$10.77$10.00157.2%45.1%36.0%0.0%0.0%-186.7%-38.2%-4.9K-98.8K-5040.00118.52N/AN/A00235229
2023-01-12$10.89$10.00150.8%43.2%36.2%0.0%0.0%178.4%0.1%-2.1K-79.6K-5780.00137.58N/AN/A00235229
2023-01-13$10.93$10.00153.3%43.9%31.8%0.0%0.0%-229.7%-13.9%-1.5K-85.4K-5230.00136.59N/AN/A00235229
2023-01-17$11.02$10.00158.1%45.3%29.2%0.0%0.0%198.8%3.7%-2.3K-82.7K-4990.00136.15N/AN/A00235229
2023-01-18$10.79$10.00162.7%46.6%30.8%0.0%0.0%209.7%-4.0%-2.3K-67.6K-5090.00138.88N/AN/A50235229
2023-01-19$10.54$10.0078.0%22.3%27.9%0.0%0.0%144.7%10.1%-4.2K-55.3K-4710.00138.09N/AN/A04240229
2023-01-20$10.50$10.0050.8%14.6%28.0%0.0%41.8%88.4%43.7%3.4K-123.9K-4090.00125.84N/AN/A50240233
2023-01-23$10.84$10.0069.7%20.0%29.1%0.0%0.0%103.0%23.8%2.4K-127.0K-4050.00110.68N/AN/A27002179
2023-01-24$10.82$10.0046.3%13.3%29.0%0.0%31.7%23.8%50.6%6.7K-262.0K-1.1K0.00107.31N/AN/A204879
2023-01-25$10.82$10.0053.3%15.3%29.0%0.0%0.0%18.9%37.5%7.0K-272.4K-1.0K0.0097.66N/AN/A9004899
2023-01-26$11.23$10.0041.3%11.8%30.9%0.0%0.0%12.4%57.6%9.0K-322.6K-1.2K0.00104.87N/AN/A5105799
2023-01-27$11.16$10.0040.4%11.6%29.6%0.0%0.0%13.1%58.4%6.3K-360.6K-1.5K0.00101.16N/AN/A1106309
2023-01-30$10.89$10.0045.9%13.2%31.5%0.0%0.0%10.3%46.4%5.7K-354.9K-1.5K0.00118.21N/AN/A006419
2023-01-31$10.91$10.0073.7%21.1%31.3%0.0%0.0%25.2%-5.6%6.5K-355.2K-1.5K0.25116.66N/AN/A416419