ADEA Options History — August 2023

In August 2023, ADEA traded between $9.77 and $12.23. ATM implied volatility averaged 57.5%, placing in the 9.3% IV rank vs the trailing year. The 30-day expected move averaged 16.8%. IV traded above realized volatility by 5.0% (HV 20d: 52.5%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 19 of 23 days. Put/call ratio averaged 0.18.

Notable Days

  • 2023-08-08: Highest Volume — 1,644 contracts
  • 2023-08-09: Largest IV spike — 83.4% change
  • 2023-08-09: Highest IV Rank — 41.8%
  • 2023-08-09: Largest Expected Move — 39.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.44$9.77$12.23$12.23$10.09
Max Pain$9.89$7.50$10.00$10.00$10.00
ATM IV57.5%35.8%136.1%56.1%39.7%
Expected Move16.8%10.3%39.0%16.1%11.4%
HV 20d52.5%27.7%62.4%28.4%56.7%
HV 60d42.6%33.0%45.6%39.1%40.0%
IV Rank9.3%0.3%41.8%8.7%1.9%
IV Percentile25.4%0.5%84.6%29.6%4.3%
Term Structure22.6%-11.5%115.0%8.7%47.6%
VWIV52.8%35.8%90.0%56.5%35.8%
Skew 25d78.9%-3.7%239.2%166.7%2.4%
Skew 10d102.3%-119.1%366.0%245.0%4.8%
Call IV 25d46.5%36.4%75.9%52.1%41.3%
Put IV 25d125.4%35.8%281.4%218.8%43.6%
Bid-Ask Spread %104.2887.65124.79111.2595.82
Gamma HHI0.790.490.950.490.92
Net GEX53.8K15.4K83.6K17.1K76.7K
Net DEX-975.7K-1.3M-528.2K-719.0K-1.0M
Net VEX-2.6K-3.4K-1.5K-1.7K-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.180.002.000.000.00
Total Volume19101,644730
Total OI2,302.7831,0352,8861,0352,375

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$12.23$10.0056.1%16.1%28.4%8.7%56.5%166.7%8.7%17.1K-719.0K-1.7K0.00111.25N/AN/A7301,02312
2023-08-02$12.20$10.0091.2%26.1%27.7%23.2%0.0%78.6%17.6%19.2K-794.1K-1.5K0.00124.79N/AN/A801,09412
2023-08-03$12.07$10.0092.0%28.6%28.2%23.6%0.0%141.7%2.7%22.7K-747.4K-1.8K0.20114.01N/AN/A71141,10112
2023-08-04$11.54$10.0065.2%26.1%33.1%12.5%64.3%71.0%-8.4%15.4K-628.0K-1.9K0.00118.84N/AN/A3901,12226
2023-08-07$11.66$10.0087.3%28.7%32.4%21.6%88.3%18.3%2.9%18.8K-646.9K-1.9K0.00112.79N/AN/A43811,12326
2023-08-08$10.05$7.5074.2%14.8%62.2%16.2%51.5%3.1%17.9%20.4K-528.2K-1.9K0.01101.39N/AN/A1,621231,47326
2023-08-09$10.25$10.00136.1%39.0%62.4%41.8%90.0%2.6%-6.1%33.6K-1.2M-3.4K0.10115.34N/AN/A2122,72948
2023-08-10$10.16$10.0043.3%12.4%61.5%3.4%43.3%-1.6%-0.2%61.6K-1.3M-3.4K0.0095.15N/AN/A7602,74750
2023-08-11$10.14$10.0052.3%15.0%61.0%7.2%46.4%16.3%19.2%55.8K-1.2M-3.4K0.00112.37N/AN/A402,81350
2023-08-14$10.04$10.0053.0%15.2%59.6%7.4%49.6%17.3%22.5%56.1K-1.2M-3.3K0.00109.99N/AN/A2202,81350
2023-08-15$10.13$10.0054.4%15.6%59.0%8.0%60.8%-3.7%18.0%57.9K-1.2M-3.2K0.00106.70N/AN/A402,83550
2023-08-16$10.18$10.0040.9%11.7%59.0%2.4%40.9%4.5%27.2%72.1K-1.3M-3.2K1.07101.42N/AN/A14152,83650
2023-08-17$10.09$10.0047.5%13.6%58.6%5.2%47.5%9.0%115.0%66.4K-1.2M-3.2K0.00110.23N/AN/A1,52432,83251
2023-08-18$9.96$10.0049.2%14.1%58.3%5.9%58.6%11.9%35.9%53.7K-1.1M-3.1K0.20104.80N/AN/A512,74154
2023-08-21$9.91$10.0047.8%13.7%58.1%5.3%47.8%193.8%14.1%63.6K-1.0M-2.8K0.2087.65N/AN/A1022,65437
2023-08-22$10.00$10.0047.6%13.6%58.3%5.2%0.0%185.3%50.8%66.5K-1.1M-2.8K0.0088.50N/AN/A302,65639
2023-08-23$9.96$10.0046.4%13.3%58.2%4.7%0.0%239.2%16.2%72.8K-1.0M-2.8K0.0090.85N/AN/A202,65939
2023-08-24$9.77$10.0045.8%13.1%58.3%4.5%0.0%16.1%33.3%66.2K-964.2K-2.7K0.0088.53N/AN/A002,65939
2023-08-25$9.80$10.0035.9%10.3%56.3%0.4%36.0%-1.8%-11.5%83.6K-923.5K-2.7K0.00102.64N/AN/A21802,65939
2023-08-28$9.86$10.0036.3%10.4%56.6%0.5%36.7%226.0%23.6%81.3K-848.9K-2.3K2.00103.52N/AN/A242,44438
2023-08-29$9.98$10.0044.4%12.7%56.3%3.9%43.8%219.3%1.1%73.6K-934.3K-2.3K0.00101.07N/AN/A14102,44638
2023-08-30$10.05$10.0035.8%10.3%56.5%0.3%35.8%199.0%70.9%81.5K-959.7K-2.2K0.00100.82N/AN/A3202,30638
2023-08-31$10.09$10.0039.7%11.4%56.7%1.9%0.0%2.4%47.6%76.7K-1.0M-2.2K0.0095.82N/AN/A002,33738