ADEA Options History — May 2024

In May 2024, ADEA traded between $9.89 and $11.80. ATM implied volatility averaged 64.6%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 24.8% (HV 20d: 39.7%). Max pain ranged from $2.50 to $10.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.02.

Notable Days

  • 2024-05-20: Highest Volume — 790 contracts
  • 2024-05-06: Largest IV spike — 137.5% change
  • 2024-05-06: Highest IV Rank — 69.8%
  • 2024-05-02: Largest Expected Move — 20.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.20$9.89$11.80$9.89$11.73
Max Pain$8.98$2.50$10.00$2.50$10.00
ATM IV64.6%32.9%155.7%68.8%52.0%
Expected Move14.2%6.3%20.4%19.7%14.9%
HV 20d39.7%28.0%46.7%28.0%39.9%
HV 60d37.1%33.6%44.4%39.1%33.6%
IV Rank19.2%1.6%69.8%21.6%12.2%
IV Percentile59.5%1.2%99.2%74.6%44.4%
Term Structure9.3%-26.1%101.5%-26.1%41.7%
VWIV44.5%23.5%142.1%42.5%31.2%
Skew 25d60.0%-20.8%284.1%37.5%72.6%
Skew 10d103.3%-19.3%362.7%68.6%89.7%
Call IV 25d43.0%26.7%74.9%55.1%26.8%
Put IV 25d103.0%23.6%324.6%92.6%99.4%
Bid-Ask Spread %115.0788.79139.4294.41139.42
Gamma HHI0.450.410.490.410.45
Net GEX98.2K59.4K123.1K63.1K110.0K
Net DEX-1.7M-2.0M-884.0K-1.0M-2.0M
Net VEX-10.0K-11.2K-6.6K-7.9K-10.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.020.000.160.000.00
Total Volume90.54587903523
Total OI8,094.1827,0738,8778,7967,152

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$9.89$2.5068.8%19.7%28.0%21.6%42.5%37.5%-26.1%63.1K-1.0M-7.9K0.0094.41N/AN/A3508,72868
2024-05-02$10.00$2.5071.2%20.4%28.3%22.9%0.0%19.7%-17.5%59.4K-884.0K-6.6K0.0090.40N/AN/A908,73968
2024-05-03$9.96$2.5065.5%18.8%28.3%19.8%142.1%52.4%-16.3%64.1K-1.1M-8.8K0.0188.79N/AN/A7618,73968
2024-05-06$9.96$10.00155.7%11.9%28.1%69.8%49.8%41.0%34.6%70.8K-1.4M-9.7K0.16131.61N/AN/A3768,80569
2024-05-07$11.02$10.0053.2%9.9%46.7%12.9%37.3%-3.9%10.6%106.9K-1.8M-11.2K0.0092.70N/AN/A16108,80176
2024-05-08$11.13$10.0057.7%6.3%44.3%15.4%31.2%-10.8%6.7%114.3K-1.8M-11.0K0.01107.60N/AN/A17718,75176
2024-05-09$11.21$10.0085.3%9.8%44.3%30.7%0.0%-0.1%3.8%123.1K-1.8M-10.4K0.00109.94N/AN/A11208,73775
2024-05-10$11.18$10.0076.3%11.8%43.5%25.8%31.1%-3.0%-22.6%117.5K-1.5M-9.0K0.00111.97N/AN/A7608,64375
2024-05-13$11.18$10.0085.5%12.7%43.4%30.9%35.4%-14.8%-23.0%115.6K-1.7M-10.2K0.00105.24N/AN/A4308,57775
2024-05-14$11.27$10.0072.3%9.9%43.3%23.5%37.1%-5.2%3.0%90.8K-1.6M-9.7K0.13109.99N/AN/A2338,54975
2024-05-15$11.59$10.0051.9%14.9%43.1%12.2%46.5%-7.8%-6.1%102.5K-1.9M-10.8K0.00106.85N/AN/A8208,53973
2024-05-16$11.57$10.0052.2%15.0%42.2%12.3%0.0%141.8%101.5%94.7K-1.7M-10.1K0.00120.55N/AN/A2008,52373
2024-05-17$11.54$10.0032.9%9.4%42.3%1.6%28.8%45.0%34.3%110.3K-1.8M-10.5K0.00129.25N/AN/A8508,52873
2024-05-20$11.46$10.0054.0%15.5%42.6%13.4%40.1%248.0%-9.4%88.8K-1.7M-10.1K0.04117.25N/AN/A758327,00865
2024-05-21$11.77$10.0059.7%17.1%41.8%16.5%50.3%37.7%-16.5%105.0K-2.0M-11.0K0.00122.19N/AN/A2107,11497
2024-05-22$11.71$10.0050.3%14.4%41.1%11.3%39.4%124.7%22.1%105.3K-1.9M-11.0K0.00126.08N/AN/A2407,11197
2024-05-23$11.71$10.0051.7%14.8%40.8%12.1%0.0%284.1%-6.1%102.0K-1.8M-10.5K0.00122.76N/AN/A2407,10697
2024-05-24$11.80$10.0056.1%16.1%40.6%14.5%45.9%169.2%-2.2%105.8K-2.0M-10.8K0.01120.77N/AN/A9217,08897
2024-05-28$11.54$10.0054.4%15.6%41.8%13.6%0.0%-20.8%15.3%98.0K-1.7M-10.1K0.00113.52N/AN/A807,05298
2024-05-29$11.46$10.0055.1%15.8%39.5%14.0%23.5%70.9%42.9%93.0K-1.9M-10.4K0.05135.40N/AN/A2217,04796
2024-05-30$11.75$10.0058.5%16.8%39.7%15.9%31.2%42.1%32.8%120.0K-1.8M-10.3K0.03134.78N/AN/A3817,04896
2024-05-31$11.73$10.0052.0%14.9%39.9%12.2%0.0%72.6%41.7%110.0K-2.0M-10.4K0.00139.42N/AN/A2307,05597