ADEA Options History — April 2024

In April 2024, ADEA traded between $9.77 and $10.79. ATM implied volatility averaged 65.3%, placing in the 19.1% IV rank vs the trailing year. The 30-day expected move averaged 17.4%. IV traded above realized volatility by 37.7% (HV 20d: 27.6%). Max pain ranged from $2.50 to $12.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.02.

Notable Days

  • 2024-04-04: Highest Volume — 9,311 contracts
  • 2024-04-26: Largest IV spike — 27.8% change
  • 2024-04-05: Highest IV Rank — 30.6%
  • 2024-04-26: Largest Expected Move — 20.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.32$9.77$10.79$10.79$9.93
Max Pain$3.98$2.50$12.50$10.00$2.50
ATM IV65.3%53.5%86.9%70.7%61.0%
Expected Move17.4%12.2%20.9%20.3%17.5%
HV 20d27.6%23.1%31.1%31.1%28.4%
HV 60d39.4%38.4%40.2%40.1%39.2%
IV Rank19.1%12.7%30.6%21.9%17.3%
IV Percentile66.6%48.0%83.7%73.4%63.5%
Term Structure-9.4%-31.5%22.2%-22.9%-13.6%
VWIV60.6%47.6%71.1%56.5%47.6%
Skew 25d8.8%-6.8%53.8%32.2%48.0%
Skew 10d21.2%-15.5%99.6%46.2%78.3%
Call IV 25d55.6%35.9%66.5%39.5%45.6%
Put IV 25d64.4%50.7%93.6%71.7%93.6%
Bid-Ask Spread %96.3075.38125.83124.3798.12
Gamma HHI0.480.400.630.630.40
Net GEX72.6K31.3K111.0K36.0K66.7K
Net DEX-1.5M-2.8M-509.8K-608.0K-1.9M
Net VEX-10.7K-18.7K-2.9K-3.2K-12.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.020.000.110.000.00
Total Volume667.86409,311316
Total OI8,017.3182,36410,0692,3648,796

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$10.79$10.0070.7%20.3%31.1%21.9%0.0%32.2%-22.9%36.0K-608.0K-3.2K0.00124.37N/AN/A3102,29272
2024-04-02$10.61$10.0064.6%18.5%31.1%18.6%0.0%14.4%-21.4%31.9K-509.8K-2.9K0.00119.74N/AN/A002,32372
2024-04-03$10.71$10.0069.3%19.9%30.8%21.2%0.0%15.2%-26.9%31.3K-624.0K-3.4K0.00125.83N/AN/A102,32372
2024-04-04$10.77$12.5075.2%18.1%30.0%24.3%56.5%8.1%7.2%32.0K-807.1K-3.8K0.0186.85N/AN/A9,2091022,32472
2024-04-05$10.68$2.5086.9%14.2%28.2%30.6%57.6%-0.2%12.7%106.9K-2.3M-16.0K0.0497.33N/AN/A2,316919,339169
2024-04-08$10.73$2.5077.4%12.2%28.3%25.5%62.0%-6.0%22.2%106.4K-2.8M-18.7K0.00105.66N/AN/A65119,957112
2024-04-09$10.77$2.5071.8%14.8%26.4%22.5%59.9%1.4%1.2%111.0K-2.3M-15.8K0.0097.77N/AN/A36909,744113
2024-04-10$10.36$2.5054.9%15.7%29.6%13.4%61.3%-2.5%-2.2%92.2K-1.8M-13.6K0.0188.52N/AN/A22229,472113
2024-04-11$10.41$2.5058.3%16.7%29.7%15.2%53.1%0.0%-10.7%90.0K-1.7M-13.3K0.0075.38N/AN/A25009,404114
2024-04-12$10.20$2.5053.6%15.4%29.3%12.7%55.8%-4.9%-2.9%83.5K-1.6M-12.8K0.0179.94N/AN/A18429,443114
2024-04-15$10.16$2.5056.5%16.2%25.5%14.3%58.5%-6.8%-0.4%77.3K-1.6M-12.5K0.0083.17N/AN/A11009,340114
2024-04-16$10.13$2.5065.7%18.8%25.2%19.2%67.4%-3.4%-18.4%74.7K-1.4M-11.2K0.0093.27N/AN/A8809,270114
2024-04-17$9.95$2.5054.7%15.7%25.7%13.3%67.3%-5.7%0.2%67.1K-1.4M-10.9K0.0194.09N/AN/A18729,195114
2024-04-18$9.77$2.5053.5%15.3%26.1%12.7%0.0%-5.5%-2.7%60.5K-1.2M-10.4K0.0194.92N/AN/A34559,089116
2024-04-19$9.89$2.5061.5%17.6%25.3%17.0%61.3%2.5%-31.5%63.3K-1.3M-10.6K0.1198.84N/AN/A2739,093112
2024-04-22$10.04$2.5057.5%16.5%23.1%14.8%62.1%3.1%-9.1%70.0K-1.3M-9.8K0.0093.21N/AN/A12208,82267
2024-04-23$10.41$2.5072.1%20.7%26.9%22.9%58.0%-0.8%-21.5%89.2K-1.8M-12.9K0.0092.31N/AN/A8808,93168
2024-04-24$10.23$2.5071.0%20.3%27.5%22.8%63.0%6.0%-12.4%81.0K-1.7M-12.0K0.0681.43N/AN/A5438,89968
2024-04-25$10.14$2.5057.0%16.3%26.0%15.0%66.6%-2.6%-5.5%73.4K-1.4M-10.5K0.0196.69N/AN/A15318,86568
2024-04-26$10.11$2.5072.8%20.9%25.8%23.8%71.1%53.8%-28.3%75.4K-1.3M-9.5K0.1195.24N/AN/A1828,73468
2024-04-29$10.27$2.5069.9%20.1%26.6%22.2%47.6%47.6%-19.8%77.6K-1.4M-9.7K0.0095.93N/AN/A4808,72668
2024-04-30$9.93$2.5061.0%17.5%28.4%17.3%0.0%48.0%-13.6%66.7K-1.9M-12.5K0.0098.12N/AN/A608,72868