ADEA Options History — July 2023

In July 2023, ADEA traded between $10.75 and $12.07. ATM implied volatility averaged 76.2%, placing in the 17.0% IV rank vs the trailing year. The 30-day expected move averaged 24.9%. IV traded above realized volatility by 47.7% (HV 20d: 28.4%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.07.

Notable Days

  • 2023-07-21: Highest Volume — 107 contracts
  • 2023-07-24: Largest IV drop — 64.4% change
  • 2023-07-19: Highest IV Rank — 36.1%
  • 2023-07-07: Largest Expected Move — 46.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.51$10.75$12.07$10.93$12.02
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV76.2%38.5%122.3%39.0%48.8%
Expected Move24.9%11.0%46.8%11.2%14.0%
HV 20d28.4%25.1%32.5%32.4%28.6%
HV 60d40.3%39.5%41.4%40.7%39.5%
IV Rank17.0%1.4%36.1%1.7%5.7%
IV Percentile45.6%1.8%81.7%1.8%13.8%
Term Structure25.8%-44.5%106.0%97.4%13.0%
VWIV55.5%29.0%94.1%32.6%47.5%
Skew 25d80.6%-52.7%170.7%19.7%8.8%
Skew 10d117.5%5.9%252.8%52.6%14.4%
Call IV 25d67.7%28.5%150.2%28.5%43.1%
Put IV 25d148.3%41.1%290.8%48.2%51.9%
Bid-Ask Spread %123.7799.73136.25117.13105.46
Gamma HHI0.510.480.600.500.49
Net GEX17.0K3.7K23.0K8.4K23.0K
Net DEX-523.8K-715.8K-318.1K-346.3K-715.8K
Net VEX-1.2K-1.7K-516-1.1K-1.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.070.001.000.000.00
Total Volume25.7501071010
Total OI861.257181,0297181,029

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$10.93$10.0039.0%11.2%32.4%1.7%32.6%19.7%97.4%8.4K-346.3K-1.1K0.00117.13N/AN/A10070216
2023-07-05$10.79$10.0038.5%11.0%27.8%1.4%0.0%22.8%106.0%12.1K-318.1K-9700.0099.73N/AN/A2071016
2023-07-06$10.75$10.0059.8%37.8%25.6%10.3%0.0%162.2%27.6%3.7K-392.4K-5160.00135.67N/AN/A0171216
2023-07-07$10.93$10.0051.5%46.8%25.4%6.8%0.0%-52.7%-44.5%8.3K-355.5K-1.2K0.00129.37N/AN/A10071217
2023-07-10$11.18$10.0084.2%31.9%26.4%20.4%0.0%117.3%-10.7%15.8K-405.5K-9830.00131.22N/AN/A0071217
2023-07-11$11.32$10.0088.3%27.0%25.2%22.0%0.0%170.7%28.6%17.2K-426.0K-9900.00133.51N/AN/A15071217
2023-07-12$11.50$10.0099.2%28.4%25.1%26.6%0.0%157.3%22.3%18.2K-464.6K-9010.00124.04N/AN/A0072717
2023-07-13$11.77$10.00104.2%29.9%26.0%28.6%57.0%158.3%23.4%18.2K-509.0K-8990.00116.91N/AN/A91072917
2023-07-14$11.45$10.00103.9%29.8%28.4%28.5%0.0%155.3%15.3%15.1K-453.4K-1.2K0.00134.16N/AN/A0079017
2023-07-17$11.79$10.00107.7%30.9%29.7%30.0%0.0%154.3%10.6%19.6K-533.5K-9980.00125.60N/AN/A72079017
2023-07-18$12.04$10.00115.9%33.2%29.9%33.5%56.0%151.7%21.0%19.2K-610.4K-1.3K0.03122.35N/AN/A38185917
2023-07-19$11.79$10.00122.3%35.1%31.0%36.1%79.7%142.0%-17.5%20.9K-612.6K-1.2K0.00130.13N/AN/A100089618
2023-07-20$11.50$10.00101.6%29.1%32.5%27.5%0.0%170.2%36.6%16.0K-543.0K-1.4K1.00128.76N/AN/A1194418
2023-07-21$11.61$10.00111.4%31.9%31.7%31.6%0.0%-44.0%31.5%19.9K-581.8K-1.2K0.00136.25N/AN/A107094518
2023-07-24$11.68$10.0039.6%11.4%28.4%1.9%29.0%17.9%46.0%21.5K-630.2K-1.4K0.04122.20N/AN/A23197610
2023-07-25$11.71$10.0058.5%16.8%28.3%9.7%94.1%1.6%15.1%19.5K-608.1K-1.6K0.00116.82N/AN/A1099411
2023-07-26$11.77$10.0049.1%14.1%28.2%5.8%47.9%4.9%26.5%22.2K-653.3K-1.3K0.00124.69N/AN/A6099411
2023-07-27$11.67$10.0052.2%15.0%28.6%7.1%0.0%67.5%39.5%22.1K-616.6K-1.5K0.00132.04N/AN/A12099511
2023-07-28$12.07$10.0047.5%13.6%28.8%5.2%47.5%25.7%27.4%19.0K-700.0K-1.7K0.08109.38N/AN/A1211,00511
2023-07-31$12.02$10.0048.8%14.0%28.6%5.7%0.0%8.8%13.0%23.0K-715.8K-1.5K0.00105.46N/AN/A1001,01712