ADEA Options History — November 2023

In November 2023, ADEA traded between $8.46 and $9.91. ATM implied volatility averaged 40.3%, placing in the 3.3% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded below realized volatility by 0.3% (HV 20d: 40.6%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.90.

Notable Days

  • 2023-11-20: Highest Volume — 258 contracts
  • 2023-11-30: Largest IV spike — 57.6% change
  • 2023-11-01: Highest IV Rank — 12.4%
  • 2023-11-01: Largest Expected Move — 18.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.43$8.46$9.91$8.46$9.20
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV40.3%34.6%63.0%63.0%54.6%
Expected Move11.4%9.8%18.1%18.1%15.7%
HV 20d40.6%28.8%47.7%39.8%47.7%
HV 60d51.5%47.1%53.6%47.1%53.6%
IV Rank3.3%0.9%12.4%12.4%10.8%
IV Percentile10.1%0.8%48.0%48.0%42.1%
Term Structure17.2%-17.7%123.3%-17.7%1.7%
VWIV39.3%34.4%48.2%37.3%48.2%
Skew 25d106.5%-8.2%275.5%19.3%275.5%
Skew 10d167.0%-13.8%379.3%187.3%379.3%
Call IV 25d43.4%35.8%80.6%46.4%80.6%
Put IV 25d149.9%30.7%356.1%65.7%356.1%
Bid-Ask Spread %98.1184.70113.1295.96111.77
Gamma HHI0.760.550.860.660.80
Net GEX6.4K2.9K14.0K2.9K3.8K
Net DEX-10.6K-86.4K73.8K73.8K26.8K
Net VEX-761-1.0K-516-521-771
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.0010.000.330.04
Total Volume20.4760258024
Total OI890.286796913867913

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$8.46$10.0063.0%18.1%39.8%12.4%0.0%19.3%-17.7%2.9K73.8K-5210.0095.96N/AN/A00668199
2023-11-02$8.82$10.0041.8%12.1%33.1%3.7%0.0%21.3%11.2%4.1K21.8K-7510.0095.63N/AN/A00668199
2023-11-03$9.09$10.0035.8%10.8%28.8%1.2%0.0%12.3%5.7%4.9K33.0K-6810.3395.39N/AN/A31668199
2023-11-06$8.92$10.0046.1%14.7%29.6%5.5%0.0%7.6%17.4%4.1K40.5K-6711.0091.99N/AN/A11671199
2023-11-07$9.39$10.0049.9%9.8%34.0%7.0%37.3%-5.2%19.9%6.1K6.2K-7450.05105.43N/AN/A372672200
2023-11-08$9.27$10.0036.8%10.5%33.6%1.6%0.0%-0.8%4.3%6.5K33.8K-6620.0098.10N/AN/A100700200
2023-11-09$8.96$10.0035.4%10.2%34.2%1.1%0.0%4.0%5.5%4.7K69.3K-5240.00113.12N/AN/A00700200
2023-11-10$9.32$10.0035.2%10.1%36.5%1.0%38.0%186.8%11.9%6.9K30.3K-6490.00107.74N/AN/A150700195
2023-11-13$9.14$10.0035.9%10.3%37.5%1.2%0.0%-8.2%7.0%5.7K59.3K-5160.0094.95N/AN/A00702195
2023-11-14$9.89$10.0035.5%10.2%45.9%1.1%0.0%165.3%11.9%14.0K-80.1K-7780.0094.18N/AN/A180702195
2023-11-15$9.73$10.0044.7%12.8%46.1%4.9%44.9%178.8%0.2%12.4K-45.4K-7580.00103.05N/AN/A60717195
2023-11-16$9.73$10.0039.1%11.2%45.4%2.6%0.0%184.6%123.3%11.9K-38.4K-6870.0096.57N/AN/A00718195
2023-11-17$9.88$10.0036.1%10.3%45.5%1.6%36.1%175.6%122.7%6.3K-38.4K-7490.0084.70N/AN/A50718195
2023-11-20$9.91$10.0039.9%11.4%45.6%3.5%40.0%195.7%2.9%6.5K-49.9K-7030.0691.56N/AN/A24414620176
2023-11-21$9.83$10.0034.6%9.9%45.9%0.9%34.4%203.2%8.9%5.8K-79.8K-1.0K0.0085.82N/AN/A200704190
2023-11-22$9.82$10.0034.7%10.0%44.8%0.9%0.0%35.7%8.9%6.0K-86.4K-9980.00104.27N/AN/A00704190
2023-11-24$9.75$10.0035.6%10.2%44.5%1.4%35.6%37.8%6.2%6.0K-80.0K-98510.0099.28N/AN/A220703190
2023-11-27$9.77$10.0041.1%11.8%44.0%4.1%0.0%238.4%0.4%5.2K-58.4K-9700.0091.78N/AN/A01703209
2023-11-28$9.66$10.0035.4%10.1%44.5%1.3%0.0%257.6%-0.2%4.9K-34.9K-9460.2591.25N/AN/A41703209
2023-11-29$9.57$10.0034.7%9.9%44.8%0.9%0.0%50.9%9.9%5.2K-24.7K-9100.00107.70N/AN/A01703209
2023-11-30$9.20$10.0054.6%15.7%47.7%10.8%48.2%275.5%1.7%3.8K26.8K-7710.04111.77N/AN/A231703210