ADEA Options History — September 2023

In September 2023, ADEA traded between $9.30 and $10.66. ATM implied volatility averaged 53.5%, placing in the 8.3% IV rank vs the trailing year. The 30-day expected move averaged 16.2%. IV traded above realized volatility by 24.1% (HV 20d: 29.4%). 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 16 of 20 days. Put/call ratio averaged 1.92.

Notable Days

  • 2023-09-13: Highest Volume — 105 contracts
  • 2023-09-11: Largest IV spike — 264.2% change
  • 2023-09-11: Highest IV Rank — 35.6%
  • 2023-09-12: Largest Expected Move — 35.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.96$9.30$10.66$10.00$10.66
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV53.5%32.8%119.6%41.6%49.9%
Expected Move16.2%10.3%35.4%11.9%14.3%
HV 20d29.4%18.8%55.3%55.1%32.8%
HV 60d41.0%39.9%41.8%39.9%41.7%
IV Rank8.3%0.0%35.6%2.7%7.0%
IV Percentile24.6%0.0%82.9%6.6%25.1%
Term Structure26.7%-15.1%83.6%53.1%83.6%
VWIV49.3%40.4%69.2%62.6%43.0%
Skew 25d33.1%-13.6%165.6%1.3%33.6%
Skew 10d40.7%-28.4%253.9%-0.6%47.6%
Call IV 25d47.9%25.9%82.7%42.6%33.2%
Put IV 25d81.0%39.9%204.7%43.9%66.9%
Bid-Ask Spread %117.1695.86135.47107.98113.90
Gamma HHI0.710.480.970.930.58
Net GEX38.1K4.6K151.0K75.2K8.7K
Net DEX-347.3K-945.2K-45.2K-945.2K-265.3K
Net VEX-1.4K-2.2K-1.1K-2.2K-1.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.920.0014.002.500.57
Total Volume16.35010500
Total OI1,636.97792,5562,375908

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$10.00$10.0041.6%11.9%55.1%2.7%0.0%1.3%53.1%75.2K-945.2K-2.2K0.00107.98N/AN/A002,33738
2023-09-05$9.70$10.0053.6%15.8%55.3%7.7%0.0%0.7%33.4%63.9K-686.0K-1.9K2.50131.05N/AN/A252,33738
2023-09-06$9.61$10.0040.6%20.0%18.8%2.3%0.0%4.7%-15.1%100.2K-874.6K-1.8K0.00132.24N/AN/A002,33537
2023-09-07$9.34$10.0034.3%18.6%19.1%0.0%62.6%-13.6%11.0%51.2K-263.8K-1.2K0.00129.85N/AN/A1102,33537
2023-09-08$9.34$10.0032.8%16.1%19.1%0.0%0.0%7.6%14.7%47.9K-242.4K-1.1K0.00135.47N/AN/A002,34037
2023-09-11$9.30$10.00119.6%13.8%19.1%35.6%40.4%4.9%10.6%45.0K-536.6K-1.3K2.88117.19N/AN/A8232,34032
2023-09-12$9.64$10.0073.6%35.4%23.7%16.7%0.0%63.1%44.2%75.7K-612.7K-1.4K0.00126.67N/AN/A0222,34734
2023-09-13$9.50$10.0056.1%16.1%23.7%9.6%49.2%1.5%1.0%71.4K-329.6K-1.2K14.00111.95N/AN/A7982,347106
2023-09-14$9.79$10.0087.1%25.0%26.4%22.2%0.0%76.9%-6.5%151.0K-418.5K-1.5K0.00111.34N/AN/A002,352204
2023-09-15$9.84$10.0075.3%21.6%26.4%17.4%69.2%-1.2%21.2%4.6K-45.2K-1.1K0.04122.15N/AN/A5322,352204
2023-09-18$9.89$10.0041.9%12.0%26.1%3.7%42.0%165.6%-10.3%5.6K-79.3K-1.1K0.00103.66N/AN/A220608171
2023-09-19$10.02$10.0039.6%11.4%26.5%2.8%0.0%158.2%59.3%7.1K-127.6K-1.3K0.0095.86N/AN/A00627171
2023-09-20$9.86$10.0040.5%11.6%26.9%3.1%40.5%19.4%0.8%6.8K-111.9K-1.3K0.0897.32N/AN/A121627171
2023-09-21$10.30$10.0047.6%13.6%31.1%6.0%47.4%22.1%-1.8%7.5K-183.5K-1.4K0.06112.86N/AN/A342639172
2023-09-22$10.39$10.0044.4%12.7%30.2%4.7%0.0%19.0%43.2%7.5K-178.2K-1.3K0.00116.05N/AN/A00675174
2023-09-25$10.50$10.0036.1%10.3%30.3%1.3%0.0%9.0%76.0%7.1K-267.3K-1.5K0.00115.21N/AN/A80723174
2023-09-26$10.29$10.0046.4%13.3%31.4%5.6%0.0%17.1%16.3%9.0K-249.0K-1.6K1.00121.33N/AN/A22725174
2023-09-27$10.61$10.0064.1%18.4%32.8%12.8%43.0%61.3%70.0%6.5K-247.6K-1.4K0.57115.10N/AN/A74725176
2023-09-28$10.61$10.0043.9%12.6%32.8%4.5%0.0%11.0%29.3%9.7K-281.8K-1.6K0.00126.06N/AN/A02729180
2023-09-29$10.66$10.0049.9%14.3%32.8%7.0%0.0%33.6%83.6%8.7K-265.3K-1.4K0.00113.90N/AN/A00729179