ADEA Options History — March 2023

In March 2023, ADEA traded between $8.02 and $9.85. ATM implied volatility averaged 106.6%. The 30-day expected move averaged 32.8%. IV traded above realized volatility by 67.9% (HV 20d: 38.6%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.08.

Notable Days

  • 2023-03-09: Highest Volume — 56 contracts
  • 2023-03-13: Largest IV spike — 126.7% change
  • 2023-03-17: Largest Expected Move — 58.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.74$8.02$9.85$9.84$8.79
Max Pain$10.54$10.00$12.50$10.00$10.00
ATM IV106.6%36.8%235.0%36.8%74.8%
Expected Move32.8%10.6%58.1%10.6%21.4%
HV 20d38.6%30.1%46.8%46.8%38.2%
HV 60d38.3%37.6%39.3%37.8%38.3%
Term Structure-2.0%-54.4%125.6%40.5%-16.1%
VWIV71.3%51.6%102.7%86.9%51.6%
Skew 25d135.1%8.5%269.7%227.8%52.6%
Skew 10d165.5%78.0%334.8%332.1%94.1%
Call IV 25d68.3%37.3%100.2%37.3%51.8%
Put IV 25d203.4%91.1%324.9%265.1%104.5%
Bid-Ask Spread %121.8880.64132.3980.64122.42
Gamma HHI0.510.480.540.540.48
Net GEX5.4K3.4K8.4K8.4K5.1K
Net DEX-157.0K-240.6K-106.5K-232.0K-150.1K
Net VEX-1.1K-1.4K-766-1.3K-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.080.001.000.000.00
Total Volume9.174056245
Total OI783.087708846788783

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$9.84$10.0036.8%10.6%46.8%0.0%0.0%227.8%40.5%8.4K-232.0K-1.3K0.0080.64N/AN/A2077711
2023-03-02$9.85$10.0052.6%15.1%44.4%0.0%0.0%210.8%29.2%8.2K-240.6K-1.4K0.00102.15N/AN/A0077911
2023-03-03$9.82$10.0048.2%13.8%43.0%0.0%0.0%231.1%21.0%8.1K-235.8K-1.3K0.00104.29N/AN/A0077911
2023-03-06$9.38$10.0067.7%34.0%43.9%0.0%0.0%185.5%-10.6%7.1K-175.6K-1.1K0.00122.29N/AN/A0077911
2023-03-07$9.18$10.0080.1%34.0%42.0%0.0%0.0%91.4%-5.5%6.5K-188.0K-1.2K0.00115.24N/AN/A0077911
2023-03-08$9.11$10.0061.4%34.7%39.2%0.0%0.0%186.2%-7.7%6.4K-160.5K-1.1K0.00125.79N/AN/A1077911
2023-03-09$9.04$10.0066.5%35.3%38.8%0.0%0.0%187.0%-19.2%6.5K-158.5K-1.1K0.00112.97N/AN/A56077911
2023-03-10$9.04$10.0096.9%40.6%38.4%0.0%0.0%197.1%-54.4%6.6K-187.1K-1.2K0.00129.89N/AN/A0083511
2023-03-13$8.61$10.00219.7%53.0%38.2%0.0%86.9%219.0%12.6%4.6K-133.2K-1.0K0.00129.22N/AN/A2083511
2023-03-14$8.45$12.50235.0%56.4%38.0%0.0%0.0%258.8%-12.2%3.4K-192.2K-1.1K0.00130.59N/AN/A0083211
2023-03-15$8.29$12.50185.3%53.1%38.0%0.0%0.0%262.4%10.3%4.0K-116.8K-9310.00125.79N/AN/A0083210
2023-03-16$8.54$12.50190.1%54.5%38.8%0.0%0.0%269.3%125.6%4.5K-128.0K-9710.00121.42N/AN/A1083210
2023-03-17$8.30$12.50202.6%58.1%38.8%0.0%0.0%269.7%-10.9%5.0K-130.3K-1.0K0.00132.39N/AN/A0283310
2023-03-20$8.32$12.5096.0%27.5%38.9%0.0%102.7%67.1%-20.5%3.7K-106.5K-7661.00129.69N/AN/A117026
2023-03-21$8.39$10.0079.5%22.8%38.7%0.0%0.0%8.5%3.7%4.3K-116.1K-8980.00113.15N/AN/A007037
2023-03-22$8.20$10.0090.1%25.8%38.2%0.0%61.2%14.4%-17.0%4.1K-164.9K-1.1K0.00131.78N/AN/A1107037
2023-03-23$8.09$10.0094.2%27.0%33.6%0.0%0.0%49.1%-16.6%5.0K-132.6K-1.0K0.00129.47N/AN/A2207097
2023-03-24$8.02$10.0096.6%27.7%30.1%0.0%0.0%21.7%-17.6%4.8K-124.6K-9960.00131.60N/AN/A007317
2023-03-27$8.39$10.0091.8%26.3%34.9%0.0%0.0%19.9%-17.2%4.2K-112.6K-8630.00127.32N/AN/A5207317
2023-03-28$8.34$10.0097.6%28.0%34.7%0.0%54.4%54.6%-20.2%3.8K-167.2K-1.0K0.00128.07N/AN/A107657
2023-03-29$8.54$10.0090.5%25.9%36.4%0.0%0.0%9.6%-19.7%4.8K-112.4K-8620.00128.75N/AN/A407667
2023-03-30$8.57$10.0097.2%27.9%36.4%0.0%0.0%13.2%-23.9%6.0K-144.6K-1.1K0.00128.38N/AN/A0107667
2023-03-31$8.79$10.0074.8%21.4%38.2%0.0%51.6%52.6%-16.1%5.1K-150.1K-1.1K0.00122.42N/AN/A45076617