ADEA Options History — February 2024

In February 2024, ADEA traded between $11.04 and $13.11. ATM implied volatility averaged 55.7%, placing in the 12.6% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded above realized volatility by 13.4% (HV 20d: 42.3%). 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 7 of 20 days. Put/call ratio averaged 0.14.

Notable Days

  • 2024-02-12: Highest Volume — 1,457 contracts
  • 2024-02-29: Largest IV spike — 84.4% change
  • 2024-02-26: Highest IV Rank — 23.1%
  • 2024-02-26: Largest Expected Move — 22.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.09$11.04$13.11$12.48$11.27
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV55.7%30.3%77.4%44.5%55.9%
Expected Move15.8%8.7%22.2%13.4%16.0%
HV 20d42.3%26.6%55.7%32.0%55.1%
HV 60d36.0%27.8%41.0%35.5%39.8%
IV Rank12.6%0.2%23.1%7.1%12.6%
IV Percentile47.1%0.4%75.4%26.2%53.6%
Term Structure1.1%-34.2%85.4%0.3%3.0%
VWIV56.7%42.2%65.2%46.4%61.7%
Skew 25d13.2%-19.5%53.2%10.4%13.8%
Skew 10d17.9%-58.7%210.0%3.7%-58.7%
Call IV 25d51.2%31.3%80.3%45.0%35.6%
Put IV 25d64.3%45.9%120.3%55.4%49.4%
Bid-Ask Spread %112.3582.75129.8399.19129.83
Gamma HHI0.570.380.810.780.42
Net GEX34.4K26.3K63.7K31.2K29.0K
Net DEX-964.6K-1.3M-727.1K-944.2K-748.4K
Net VEX-3.6K-5.0K-2.6K-2.8K-3.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.140.001.470.000.27
Total Volume104.201,4573814
Total OI2,112.351,3502,7781,3502,542

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$12.48$10.0044.5%13.4%32.0%7.1%46.4%10.4%0.3%31.2K-944.2K-2.8K0.0099.19N/AN/A3801,29060
2024-02-02$12.54$10.0040.5%13.3%32.0%5.1%0.0%5.7%-1.0%34.6K-998.2K-2.8K0.0097.95N/AN/A001,31960
2024-02-05$12.54$10.0051.8%13.6%30.7%10.7%0.0%8.2%-0.7%32.3K-965.8K-2.8K0.00104.76N/AN/A2101,31960
2024-02-06$12.63$10.0065.8%13.8%30.7%17.5%0.0%8.1%-0.5%34.9K-970.9K-2.8K0.0095.74N/AN/A601,32260
2024-02-07$12.82$10.0045.8%13.1%29.8%7.7%0.0%9.7%1.0%39.7K-1.1M-2.7K0.0097.11N/AN/A201,31960
2024-02-08$12.95$10.0054.9%15.7%29.6%12.1%0.0%13.1%-7.1%29.9K-1.1M-2.7K0.00103.25N/AN/A6701,31860
2024-02-09$13.11$10.0053.7%15.4%26.6%11.6%52.2%3.5%-12.7%31.5K-1.2M-2.6K0.00106.15N/AN/A2601,32060
2024-02-12$12.96$10.0072.1%20.7%26.7%20.6%62.4%0.4%-9.8%36.4K-1.1M-2.6K0.00121.81N/AN/A1,45521,32460
2024-02-13$11.71$10.0063.3%18.1%46.7%16.3%61.6%22.8%-15.4%40.9K-992.8K-4.4K0.00110.65N/AN/A18702,55960
2024-02-14$11.93$10.0064.8%18.6%45.8%17.0%63.1%4.6%-12.7%41.3K-1.1M-4.8K0.00120.50N/AN/A902,70660
2024-02-15$12.41$10.0061.7%17.7%46.7%15.5%64.6%53.2%-22.8%63.7K-1.3M-5.0K0.00122.67N/AN/A702,71460
2024-02-16$12.11$10.0048.0%13.8%47.4%8.8%54.8%51.5%73.2%30.1K-1.1M-4.7K0.00129.75N/AN/A1302,71860
2024-02-20$11.75$10.0056.1%16.1%46.8%12.8%58.4%-19.5%85.4%34.7K-942.4K-4.3K1.4782.75N/AN/A15222,46257
2024-02-21$11.86$10.0047.1%13.5%46.5%8.3%49.8%8.0%-0.3%32.5K-857.2K-4.1K0.38114.65N/AN/A32122,46678
2024-02-22$11.04$10.0068.4%19.6%52.6%18.8%42.2%22.6%-29.7%26.3K-744.2K-3.9K0.05119.27N/AN/A10652,48180
2024-02-23$11.41$10.0072.1%20.7%54.3%20.5%65.2%-2.5%-16.4%27.4K-727.1K-3.7K0.25123.96N/AN/A2052,43583
2024-02-26$11.23$10.0077.4%22.2%54.5%23.1%54.5%37.5%-34.2%29.8K-741.4K-3.8K0.20127.58N/AN/A1022,45578
2024-02-27$11.63$10.0040.2%11.5%55.7%5.0%61.7%0.9%6.6%32.9K-896.4K-3.7K0.00118.24N/AN/A502,46180
2024-02-28$11.45$10.0030.3%8.7%55.5%0.2%0.0%11.7%15.9%28.3K-736.8K-3.6K0.00121.14N/AN/A302,46180
2024-02-29$11.27$10.0055.9%16.0%55.1%12.6%0.0%13.8%3.0%29.0K-748.4K-3.7K0.27129.83N/AN/A1132,46280