ADEA Options History — February 2023

In February 2023, ADEA traded between $9.79 and $11.30. ATM implied volatility averaged 73.9%. The 30-day expected move averaged 19.9%. IV traded above realized volatility by 34.1% (HV 20d: 39.9%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 15 of 19 days. Put/call ratio averaged 0.35.

Notable Days

  • 2023-02-27: Highest Volume — 74 contracts
  • 2023-02-07: Largest IV spike — 43.6% change
  • 2023-02-17: Largest Expected Move — 25.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.69$9.79$11.30$11.30$9.82
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV73.9%43.7%107.7%69.4%48.9%
Expected Move19.9%12.5%25.9%19.9%14.0%
HV 20d39.9%29.6%47.2%29.6%46.8%
HV 60d38.8%36.8%42.7%40.6%38.5%
Term Structure16.5%-28.6%85.4%38.8%16.7%
VWIV52.3%35.3%74.7%60.3%57.5%
Skew 25d71.7%-3.6%203.3%31.0%203.3%
Skew 10d128.1%-25.3%301.7%-25.3%301.7%
Call IV 25d45.5%29.3%63.9%29.3%53.4%
Put IV 25d117.2%51.8%256.6%60.3%256.6%
Bid-Ask Spread %112.7363.55131.26109.6184.61
Gamma HHI0.490.470.520.490.52
Net GEX7.2K5.9K8.1K5.9K7.8K
Net DEX-321.9K-396.7K-226.9K-386.6K-234.3K
Net VEX-1.5K-1.7K-1.2K-1.6K-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.005.000.000.00
Total Volume14.684074205
Total OI699.421654785654785

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$11.30$10.0069.4%19.9%29.6%0.0%0.0%31.0%38.8%5.9K-386.6K-1.6K0.00109.61N/AN/A2006459
2023-02-02$10.89$10.0086.4%18.5%33.1%0.0%60.3%-3.6%19.8%5.9K-368.9K-1.6K0.07113.54N/AN/A1516629
2023-02-03$11.14$10.00107.7%21.6%32.3%0.0%0.0%91.1%26.4%6.0K-396.7K-1.7K0.00123.25N/AN/A0067710
2023-02-06$10.64$10.0072.8%20.3%35.8%0.0%0.0%137.8%38.5%6.3K-341.6K-1.6K0.00123.00N/AN/A50067710
2023-02-07$11.00$10.00104.6%21.7%37.7%0.0%0.0%48.3%5.5%8.0K-338.6K-1.5K0.00127.20N/AN/A1067710
2023-02-08$11.05$10.0078.9%22.6%37.7%0.0%0.0%39.9%0.0%8.1K-346.4K-1.5K0.00131.26N/AN/A0067710
2023-02-09$10.75$10.0073.7%21.1%38.8%0.0%0.0%46.0%16.1%6.5K-353.4K-1.6K0.00123.63N/AN/A5067710
2023-02-10$11.07$10.0080.0%22.9%40.0%0.0%0.0%31.0%3.8%8.1K-351.0K-1.5K0.00125.89N/AN/A0068210
2023-02-13$11.04$10.0083.5%23.9%40.0%0.0%49.2%31.3%-4.9%8.0K-346.4K-1.5K0.00128.01N/AN/A12068210
2023-02-14$10.84$10.0080.2%23.0%40.5%0.0%0.0%34.2%8.2%7.9K-336.6K-1.5K0.00124.76N/AN/A0069410
2023-02-15$11.11$10.0078.0%22.4%40.7%0.0%48.4%99.9%17.0%8.0K-360.0K-1.5K0.00126.99N/AN/A6069410
2023-02-16$10.80$10.0075.7%21.7%41.1%0.0%35.3%134.7%85.4%7.7K-338.1K-1.4K0.08130.63N/AN/A12170010
2023-02-17$10.55$10.0090.2%25.9%42.0%0.0%0.0%150.5%-28.6%6.9K-309.2K-1.4K0.00111.96N/AN/A2070111
2023-02-21$10.20$10.0074.1%21.2%41.9%0.0%74.7%178.1%-12.6%6.2K-265.9K-1.3K0.0091.22N/AN/A506778
2023-02-22$10.31$10.0053.4%15.3%42.2%0.0%48.1%10.8%-6.3%7.6K-261.1K-1.3K0.0363.55N/AN/A3016828
2023-02-23$10.70$10.0043.7%12.5%44.5%0.0%48.1%24.0%63.7%8.0K-317.9K-1.4K0.00104.14N/AN/A3307097
2023-02-24$10.14$10.0049.1%14.1%45.9%0.0%49.1%31.4%8.5%8.1K-235.5K-1.2K5.0094.39N/AN/A157117
2023-02-27$9.79$10.0054.7%15.7%47.2%0.0%57.5%43.4%16.7%6.6K-226.9K-1.3K0.00104.23N/AN/A74071011
2023-02-28$9.82$10.0048.9%14.0%46.8%0.0%0.0%203.3%16.7%7.8K-234.3K-1.3K0.0084.61N/AN/A5077411