ADEA Options History — January 2024

In January 2024, ADEA traded between $10.89 and $12.52. ATM implied volatility averaged 48.0%, placing in the 8.8% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded above realized volatility by 19.8% (HV 20d: 28.2%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.09.

Notable Days

2024-01-30: Highest Volume — 637 contracts
2024-01-08: Largest IV spike — 52.4% change
2024-01-16: Highest IV Rank — 19.1%
2024-01-16: Largest Expected Move — 19.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$11.90	$10.89	$12.52	$12.43	$12.20
Max Pain	$10.60	$10.00	$12.50	$10.00	$12.50
ATM IV	48.0%	35.9%	69.1%	43.6%	49.8%
Expected Move	14.0%	10.3%	19.8%	12.5%	14.3%
HV 20d	28.2%	22.1%	32.9%	22.1%	30.9%
HV 60d	35.3%	34.1%	36.4%	36.0%	35.6%
IV Rank	8.8%	2.9%	19.1%	6.7%	9.7%
IV Percentile	31.1%	7.5%	63.1%	21.0%	38.9%
Term Structure	-0.7%	-26.0%	13.4%	13.4%	5.8%
VWIV	51.4%	36.0%	129.2%	129.2%	49.7%
Skew 25d	15.5%	-35.8%	247.7%	-33.9%	40.2%
Skew 10d	29.4%	-60.0%	318.2%	-56.8%	61.9%
Call IV 25d	50.8%	33.7%	77.5%	77.5%	45.8%
Put IV 25d	66.3%	31.5%	287.4%	43.6%	85.9%
Bid-Ask Spread %	113.01	97.57	126.03	114.39	103.31
Gamma HHI	0.47	0.39	0.73	0.51	0.73
Net GEX	9.3K	5.9K	24.3K	8.3K	24.3K
Net DEX	-331.8K	-766.0K	-202.0K	-357.8K	-766.0K
Net VEX	-968	-2.5K	-772	-1.0K	-2.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.09	0.00	1.00	0.00	0.06
Total Volume	52.095	0	637	13	226
Total OI	598.952	500	1,228	559	1,228

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2024-01-02	$12.43	$10.00	43.6%	12.5%	22.1%	6.7%	129.2%	-33.9%	13.4%	8.3K	-357.8K	-1.0K	0.00	114.39	N/A	N/A	13	0	477	82
2024-01-03	$12.41	$10.00	41.7%	12.0%	22.7%	5.7%	41.7%	-35.8%	11.0%	9.5K	-362.0K	-971	0.00	112.89	N/A	N/A	0	6	469	82
2024-01-04	$12.38	$10.00	48.4%	16.8%	23.0%	9.0%	0.0%	-5.0%	-8.7%	9.6K	-350.8K	-908	0.00	116.91	N/A	N/A	0	0	469	88
2024-01-05	$12.09	$10.00	42.8%	14.0%	25.0%	6.2%	48.8%	-17.8%	-5.1%	9.1K	-334.7K	-1.0K	0.02	117.90	N/A	N/A	44	1	500	88
2024-01-08	$12.04	$10.00	65.1%	19.2%	25.6%	17.2%	0.0%	-23.9%	-21.1%	8.5K	-326.8K	-972	0.00	121.71	N/A	N/A	3	0	493	88
2024-01-09	$11.80	$10.00	48.4%	13.1%	27.4%	9.0%	0.0%	-17.7%	1.9%	8.1K	-302.4K	-967	0.00	121.04	N/A	N/A	4	0	493	88
2024-01-10	$11.73	$10.00	51.3%	14.7%	27.7%	10.4%	0.0%	-26.8%	-10.3%	8.2K	-297.5K	-903	1.00	121.09	N/A	N/A	6	6	497	88
2024-01-11	$11.38	$10.00	47.4%	13.6%	30.0%	8.5%	0.0%	-2.1%	0.7%	7.4K	-257.6K	-903	0.00	113.93	N/A	N/A	1	0	497	93
2024-01-12	$11.27	$10.00	48.7%	14.0%	28.8%	9.1%	0.0%	0.7%	5.7%	6.9K	-249.9K	-910	0.00	119.71	N/A	N/A	8	0	496	93
2024-01-16	$11.18	$10.00	69.1%	19.8%	27.2%	19.1%	0.0%	11.8%	-26.0%	7.3K	-248.8K	-868	0.00	123.60	N/A	N/A	3	0	497	93
2024-01-17	$10.89	$10.00	57.7%	16.5%	28.7%	13.5%	0.0%	17.5%	-1.1%	5.9K	-202.0K	-856	0.00	119.79	N/A	N/A	0	12	498	93
2024-01-18	$11.21	$10.00	51.2%	14.7%	29.2%	10.4%	0.0%	4.0%	-16.1%	6.8K	-226.5K	-822	0.00	126.03	N/A	N/A	12	0	498	90
2024-01-19	$11.46	$10.00	51.7%	14.8%	29.9%	10.6%	0.0%	-5.7%	12.2%	7.3K	-257.3K	-819	0.00	123.20	N/A	N/A	1	0	500	90
2024-01-22	$11.91	$10.00	46.2%	13.2%	32.9%	7.9%	39.7%	247.7%	5.7%	7.8K	-300.4K	-772	0.00	107.47	N/A	N/A	18	0	446	54
2024-01-23	$12.11	$12.50	38.6%	11.1%	32.3%	4.2%	38.7%	-5.8%	5.3%	8.1K	-314.2K	-818	0.05	106.68	N/A	N/A	20	1	456	56
2024-01-24	$12.20	$12.50	41.2%	11.8%	32.3%	5.5%	0.0%	35.1%	3.5%	8.8K	-332.3K	-867	0.00	100.80	N/A	N/A	6	0	476	57
2024-01-25	$12.14	$12.50	43.1%	12.4%	30.6%	6.4%	43.2%	34.3%	1.9%	8.7K	-345.0K	-841	0.50	102.50	N/A	N/A	2	1	482	56
2024-01-26	$12.11	$12.50	43.7%	12.5%	28.2%	6.7%	44.6%	35.1%	-1.2%	8.9K	-334.9K	-870	0.02	103.97	N/A	N/A	56	1	483	56
2024-01-29	$12.34	$10.00	35.9%	10.3%	29.1%	2.9%	36.0%	37.5%	6.7%	12.6K	-383.4K	-882	0.00	97.57	N/A	N/A	6	0	535	57
2024-01-30	$12.52	$10.00	42.7%	12.2%	29.4%	6.2%	42.7%	36.2%	1.2%	12.4K	-417.2K	-873	0.02	98.78	N/A	N/A	627	10	539	57
2024-01-31	$12.20	$12.50	49.8%	14.3%	30.9%	9.7%	49.7%	40.2%	5.8%	24.3K	-766.0K	-2.5K	0.06	103.31	N/A	N/A	213	13	1,161	67