ADEA Options History — May 2023

In May 2023, ADEA traded between $7.13 and $9.80. ATM implied volatility averaged 77.8%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 22.1%. IV traded above realized volatility by 33.6% (HV 20d: 44.2%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.74.

Notable Days

  • 2023-05-26: Highest Volume — 136 contracts
  • 2023-05-11: Largest IV spike — 204.0% change
  • 2023-05-17: Highest IV Rank — 44.8%
  • 2023-05-17: Largest Expected Move — 41.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.69$7.13$9.80$7.63$9.68
Max Pain$8.50$7.50$10.00$7.50$7.50
ATM IV77.8%35.0%144.4%55.7%48.6%
Expected Move22.1%10.0%41.4%16.0%13.9%
HV 20d44.2%23.5%52.7%27.2%48.5%
HV 60d40.4%34.5%43.8%36.1%41.0%
IV Rank17.3%0.0%44.8%7.9%5.6%
IV Percentile39.0%0.0%83.3%24.6%12.9%
Term Structure34.5%-10.2%123.3%-10.2%24.0%
VWIV68.1%29.0%140.1%49.8%52.1%
Skew 25d61.8%-17.0%242.5%61.1%12.0%
Skew 10d69.7%-47.8%345.9%124.8%22.8%
Call IV 25d50.1%27.1%67.7%61.5%47.1%
Put IV 25d112.0%37.1%289.7%122.6%59.0%
Bid-Ask Spread %117.4496.84131.40129.35119.21
Gamma HHI0.540.420.690.570.68
Net GEX4.8K1.3K9.7K2.3K9.7K
Net DEX-118.2K-270.3K-27.5K-51.6K-215.7K
Net VEX-712-1.3K-367-530-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.006.830.000.00
Total Volume18.682013604
Total OI813735963814963

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$7.63$0.0055.7%16.0%27.2%7.9%0.0%61.1%-10.2%2.3K-51.6K-5300.00129.35N/AN/A0078826
2023-05-02$7.33$0.0059.5%17.1%29.6%9.5%0.0%83.8%-6.7%2.1K-47.4K-5120.00116.20N/AN/A2078826
2023-05-03$7.29$7.5059.1%16.9%25.2%9.3%0.0%65.7%-7.0%1.9K-46.3K-5030.00113.87N/AN/A120078827
2023-05-04$7.13$10.0049.3%14.9%25.6%5.2%0.0%2.6%32.8%1.3K-27.5K-3670.00118.65N/AN/A0070827
2023-05-05$7.24$10.0040.4%14.1%24.8%1.5%0.0%1.6%32.9%1.3K-28.6K-3720.00112.34N/AN/A0070827
2023-05-08$7.29$10.0043.2%14.3%23.5%2.7%49.8%1.4%34.0%1.3K-28.9K-3706.83108.44N/AN/A64170827
2023-05-09$7.98$10.0078.3%13.5%41.3%17.3%62.2%7.2%43.1%1.5K-29.4K-4464.0096.84N/AN/A31271068
2023-05-10$8.70$10.0038.5%11.0%51.0%0.7%0.0%-17.0%63.8%4.4K-99.3K-7200.00116.45N/AN/A5071178
2023-05-11$8.82$10.00116.9%33.5%51.1%33.4%0.0%27.7%44.8%4.7K-117.0K-7780.00118.37N/AN/A12071178
2023-05-12$8.95$10.00120.9%34.7%51.1%35.0%0.0%13.2%38.4%5.1K-113.7K-7640.00125.84N/AN/A2072378
2023-05-15$9.29$10.00134.9%38.7%52.3%40.9%119.2%157.0%8.2%6.3K-136.6K-8060.22117.32N/AN/A9272578
2023-05-16$9.14$7.50124.3%35.6%52.7%36.5%29.0%27.8%47.5%5.6K-153.7K-8850.33131.40N/AN/A3172978
2023-05-17$9.30$7.50144.4%41.4%52.3%44.8%73.5%147.9%-0.1%5.1K-173.0K-8511.00107.27N/AN/A1173179
2023-05-18$9.23$7.50140.1%40.2%52.6%43.1%140.1%156.4%123.3%5.8K-121.8K-6861.00120.44N/AN/A1173180
2023-05-19$9.27$7.50140.5%40.3%52.4%43.2%0.0%176.8%25.7%4.6K-188.8K-8530.00131.10N/AN/A0073181
2023-05-22$9.41$7.5035.0%10.0%52.3%0.0%0.0%19.4%50.5%6.8K-133.0K-7110.00113.74N/AN/A10072980
2023-05-23$9.21$7.5061.1%17.5%52.6%10.8%48.6%5.3%57.9%6.3K-128.3K-7790.00122.46N/AN/A3073980
2023-05-24$9.25$7.5042.7%12.2%52.6%3.2%0.0%9.6%36.4%5.9K-124.8K-6870.00114.08N/AN/A10073980
2023-05-25$9.38$7.5067.2%19.3%51.3%13.3%45.8%18.7%17.8%6.6K-142.7K-7570.00118.25N/AN/A11074980
2023-05-26$9.77$7.5061.0%17.5%51.5%10.8%60.9%140.0%30.2%6.9K-222.3K-9520.00113.13N/AN/A136075680
2023-05-30$9.80$7.5050.0%14.3%51.4%6.2%0.0%242.5%70.7%9.2K-270.3K-1.3K0.00118.92N/AN/A15088380
2023-05-31$9.68$7.5048.6%13.9%48.5%5.6%52.1%12.0%24.0%9.7K-215.7K-1.1K0.00119.21N/AN/A4088380