ADEA Options History — April 2023

In April 2023, ADEA traded between $7.64 and $8.73. ATM implied volatility averaged 125.0%. The 30-day expected move averaged 41.7%. IV traded above realized volatility by 89.9% (HV 20d: 35.1%). 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 2 of 19 days. Put/call ratio averaged 0.80.

Notable Days

  • 2023-04-27: Highest Volume — 10 contracts
  • 2023-04-12: Largest IV spike — 213.9% change
  • 2023-04-20: Largest Expected Move — 61.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.07$7.64$8.73$8.73$7.64
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV125.0%47.0%216.0%101.1%120.9%
Expected Move41.7%13.5%61.9%29.0%34.6%
HV 20d35.1%29.5%40.9%35.1%29.5%
HV 60d38.3%36.7%39.1%37.7%36.7%
Term Structure-11.7%-38.5%22.0%-32.5%-35.3%
Skew 25d155.4%-51.2%291.7%63.4%40.2%
Skew 10d157.2%14.5%252.7%85.7%38.3%
Call IV 25d78.1%38.9%142.8%38.9%76.3%
Put IV 25d233.4%50.5%359.1%102.3%116.4%
Bid-Ask Spread %126.90105.03141.94120.49122.61
Gamma HHI0.530.470.580.510.52
Net GEX4.3K3.1K5.5K5.5K3.2K
Net DEX-116.1K-179.5K-72.3K-151.7K-72.3K
Net VEX-869-1.1K-627-1.1K-656
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.004.000.004.00
Total Volume1.31601000
Total OI820.053804827823814

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$8.73$10.00101.1%29.0%35.1%0.0%0.0%63.4%-32.5%5.5K-151.7K-1.1K0.00120.49N/AN/A0080617
2023-04-04$8.30$10.0059.6%17.1%38.4%0.0%0.0%-51.2%-19.8%3.7K-168.8K-1.1K0.00115.19N/AN/A0080617
2023-04-05$8.32$10.0048.6%13.9%38.5%0.0%0.0%-41.4%-0.4%4.1K-110.9K-8790.00119.07N/AN/A0080617
2023-04-06$8.04$0.0052.9%49.1%39.9%0.0%0.0%248.5%-6.6%3.2K-147.6K-9770.00124.69N/AN/A0080617
2023-04-10$8.20$0.0053.6%56.3%40.9%0.0%0.0%255.4%-20.2%3.6K-172.3K-1.1K0.00129.90N/AN/A0080617
2023-04-11$8.11$0.0055.6%52.5%37.6%0.0%0.0%266.0%22.0%3.5K-179.5K-1.1K0.00125.27N/AN/A0180617
2023-04-12$7.96$0.00174.6%50.0%37.6%0.0%0.0%217.3%21.4%3.5K-105.2K-8270.00130.33N/AN/A3080618
2023-04-13$8.00$0.00196.6%56.4%37.2%0.0%0.0%219.2%-18.5%5.3K-117.5K-9300.00136.22N/AN/A1080918
2023-04-14$7.96$0.00198.5%56.9%35.3%0.0%0.0%218.2%-16.5%5.2K-114.4K-9210.00141.94N/AN/A4080918
2023-04-17$8.00$0.00205.6%58.9%34.1%0.0%0.0%229.9%-17.1%5.2K-102.6K-8720.00137.58N/AN/A0080918
2023-04-18$8.16$0.00208.4%59.8%35.0%0.0%0.0%235.8%-21.2%4.4K-96.4K-7420.00132.79N/AN/A0080918
2023-04-19$8.04$0.00213.3%61.1%35.1%0.0%0.0%280.7%-24.1%5.3K-110.6K-8760.00136.84N/AN/A0080918
2023-04-20$8.11$0.00216.0%61.9%34.4%0.0%0.0%288.1%-6.1%5.1K-103.3K-8340.00136.40N/AN/A0080918
2023-04-21$8.07$0.00214.2%61.4%34.1%0.0%0.0%291.7%-0.9%5.2K-107.5K-8520.00132.45N/AN/A1080918
2023-04-24$8.05$0.0047.0%13.5%34.0%0.0%0.0%4.7%-2.9%3.5K-75.2K-6270.00111.48N/AN/A0078816
2023-04-25$7.91$0.0051.7%14.8%30.1%0.0%0.0%52.1%-4.5%3.1K-85.1K-6714.00105.03N/AN/A1478816
2023-04-26$7.95$0.0083.6%24.0%30.2%0.0%0.0%120.7%-1.3%4.8K-101.8K-7890.00125.38N/AN/A0078816
2023-04-27$7.76$0.0073.9%21.2%29.5%0.0%0.0%12.8%-38.5%3.7K-83.6K-6970.00127.33N/AN/A01078816
2023-04-28$7.64$0.00120.9%34.6%29.5%0.0%0.0%40.2%-35.3%3.2K-72.3K-6560.00122.61N/AN/A0078826