ADEA Options History — March 2024

In March 2024, ADEA traded between $10.59 and $11.52. ATM implied volatility averaged 77.3%, placing in the 23.8% IV rank vs the trailing year. The 30-day expected move averaged 16.5%. IV traded above realized volatility by 32.7% (HV 20d: 44.6%). 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 0.02.

Notable Days

  • 2024-03-18: Highest Volume — 714 contracts
  • 2024-03-11: Largest IV spike — 279.5% change
  • 2024-03-11: Highest IV Rank — 87.8%
  • 2024-03-21: Largest Expected Move — 21.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.01$10.59$11.52$11.41$10.89
Max Pain$10.00$10.00$10.00$10.00$10.00
ATM IV77.3%46.9%209.9%71.5%59.0%
Expected Move16.5%13.5%21.5%20.5%16.9%
HV 20d44.6%30.4%55.8%54.5%31.4%
HV 60d40.1%39.6%40.5%39.9%40.1%
IV Rank23.8%9.1%87.8%20.3%15.6%
IV Percentile63.0%30.6%98.0%70.6%59.5%
Term Structure-2.0%-33.3%97.9%4.6%-11.5%
VWIV56.7%41.5%83.2%41.5%55.9%
Skew 25d-0.5%-37.1%25.6%-4.6%-32.5%
Skew 10d30.9%-79.1%202.3%-79.1%-5.5%
Call IV 25d57.6%35.1%97.9%63.5%96.1%
Put IV 25d57.1%43.9%74.9%58.9%63.6%
Bid-Ask Spread %120.62108.82130.09130.09124.26
Gamma HHI0.500.410.630.420.59
Net GEX29.6K20.4K37.1K32.1K33.6K
Net DEX-641.6K-805.2K-457.1K-777.0K-681.5K
Net VEX-3.3K-3.9K-2.6K-3.7K-3.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.020.000.120.110.00
Total Volume48.05071405
Total OI2,402.251,6122,5812,5542,359

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$11.41$10.0071.5%20.5%54.5%20.3%0.0%-4.6%4.6%32.1K-777.0K-3.7K0.00130.09N/AN/A002,47282
2024-03-04$11.52$10.0066.8%16.8%54.7%18.0%41.5%-1.5%4.0%30.9K-799.8K-3.5K0.11118.12N/AN/A3642,47282
2024-03-05$11.29$10.0085.8%17.2%54.9%27.3%0.0%-15.7%-2.1%30.3K-723.7K-3.5K0.00118.42N/AN/A2002,47682
2024-03-06$11.04$10.0085.6%16.2%55.0%27.2%58.9%-2.9%-9.2%29.9K-677.7K-3.4K0.06117.89N/AN/A1712,49682
2024-03-07$11.34$10.00104.9%17.6%55.8%36.5%0.0%-5.8%0.3%32.3K-798.0K-3.6K0.00120.39N/AN/A2002,49583
2024-03-08$11.36$10.0055.3%15.8%55.6%12.4%0.0%0.8%5.7%29.9K-690.9K-3.4K0.00125.46N/AN/A002,49883
2024-03-11$11.02$10.00209.9%15.5%55.7%87.8%0.0%-4.0%-15.2%27.4K-640.8K-3.3K0.00108.82N/AN/A2002,43683
2024-03-12$11.00$10.00186.6%16.1%55.8%76.4%42.0%6.7%-19.2%25.9K-516.5K-2.9K0.00117.52N/AN/A302,41683
2024-03-13$11.04$10.0053.6%15.4%43.6%11.5%0.0%18.3%-11.3%20.7K-457.1K-2.7K0.00119.60N/AN/A102,41483
2024-03-14$10.77$10.0050.8%14.6%43.5%10.2%0.0%24.5%97.9%21.8K-461.7K-2.6K0.00126.03N/AN/A902,41583
2024-03-15$11.16$10.0055.3%15.9%43.0%13.6%0.0%24.1%25.8%21.8K-571.9K-3.1K0.00123.30N/AN/A1202,41583
2024-03-18$10.98$10.0054.4%15.6%42.6%13.1%42.7%5.0%-8.6%20.4K-479.9K-2.7K0.00115.04N/AN/A71131,55458
2024-03-19$10.93$10.0046.9%13.5%41.5%9.1%0.0%16.1%5.6%37.1K-675.4K-3.6K0.00119.37N/AN/A202,21961
2024-03-20$10.84$10.0049.6%14.2%41.3%10.6%0.0%-37.1%-8.1%31.9K-760.8K-3.9K0.00124.71N/AN/A002,21761
2024-03-21$11.05$10.0074.9%21.5%33.5%24.2%83.2%10.6%-33.3%36.1K-600.9K-3.2K0.04123.44N/AN/A2612,21761
2024-03-22$10.63$10.0060.3%17.3%33.8%16.3%57.2%25.6%-14.6%31.2K-805.2K-3.9K0.06121.21N/AN/A3522,22362
2024-03-25$10.59$10.0057.6%16.5%33.5%14.9%62.6%-20.7%-11.9%30.4K-543.9K-3.1K0.12114.73N/AN/A2632,26364
2024-03-26$10.59$10.0062.6%17.9%30.4%17.6%66.4%-26.8%-19.3%31.6K-563.1K-3.2K0.00123.25N/AN/A102,28967
2024-03-27$10.84$10.0055.1%15.8%31.7%13.5%0.0%9.0%-20.4%36.7K-606.1K-3.2K0.00120.83N/AN/A302,28967
2024-03-28$10.89$10.0059.0%16.9%31.4%15.6%55.9%-32.5%-11.5%33.6K-681.5K-3.6K0.00124.26N/AN/A052,29267