ADEA Options History — August 2024

In August 2024, ADEA traded between $9.80 and $12.57. ATM implied volatility averaged 114.0%, placing in the 32.0% IV rank vs the trailing year. The 30-day expected move averaged 16.1%. IV traded above realized volatility by 59.8% (HV 20d: 54.1%). Max pain ranged from $7.50 to $7.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.11.

Notable Days

2024-08-06: Highest Volume — 260 contracts
2024-08-05: Largest IV spike — 367.3% change
2024-08-05: Highest IV Rank — 100.0%
2024-08-01: Largest Expected Move — 38.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$11.45	$9.80	$12.57	$11.09	$12.57
Max Pain	$7.50	$7.50	$7.50	$7.50	$7.50
ATM IV	114.0%	40.5%	303.6%	135.2%	43.8%
Expected Move	16.1%	10.6%	38.8%	38.8%	12.5%
HV 20d	54.1%	37.4%	61.0%	37.4%	47.2%
HV 60d	37.4%	30.0%	40.0%	35.0%	39.2%
IV Rank	32.0%	3.9%	100.0%	58.5%	5.1%
IV Percentile	55.2%	15.1%	100.0%	98.4%	22.6%
Term Structure	-3.7%	-79.0%	92.2%	-79.0%	7.3%
VWIV	50.1%	40.6%	75.6%	75.6%	58.6%
Skew 25d	14.6%	-27.9%	51.5%	20.5%	18.1%
Skew 10d	53.9%	-14.5%	190.7%	190.7%	22.2%
Call IV 25d	50.0%	30.9%	136.1%	136.1%	30.9%
Put IV 25d	64.5%	41.1%	156.6%	156.6%	49.0%
Bid-Ask Spread %	113.26	89.39	134.78	132.29	97.82
Gamma HHI	0.42	0.35	0.50	0.41	0.47
Net GEX	47.0K	20.4K	71.8K	42.0K	71.8K
Net DEX	-817.8K	-1.1M	-398.8K	-770.6K	-1.1M
Net VEX	-3.1K	-3.9K	-2.3K	-3.9K	-2.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.11	0.00	2.00	0.00	0.00
Total Volume	42.864	0	260	1	2
Total OI	4,457.727	4,384	4,549	4,408	4,414

Daily Data (22 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
2024-08-01	$11.09	$7.50	135.2%	38.8%	37.4%	58.5%	0.0%	20.5%	-79.0%	42.0K	-770.6K	-3.9K	0.00	132.29	N/A	N/A	1	0	4,367	41
2024-08-02	$10.55	$7.50	64.5%	18.5%	41.2%	19.2%	75.6%	42.4%	-27.0%	34.4K	-628.1K	-3.6K	0.00	129.35	N/A	N/A	35	0	4,369	41
2024-08-05	$9.98	$7.50	301.2%	24.6%	45.2%	100.0%	55.1%	-27.9%	-69.9%	22.2K	-442.9K	-2.6K	0.00	124.21	N/A	N/A	0	3	4,343	41
2024-08-06	$9.80	$7.50	267.3%	10.6%	45.4%	87.5%	45.3%	51.5%	9.9%	20.4K	-398.8K	-2.3K	0.00	134.78	N/A	N/A	260	0	4,343	42
2024-08-07	$10.48	$7.50	207.5%	14.9%	52.3%	65.4%	56.9%	32.7%	-23.4%	33.7K	-652.7K	-3.4K	0.00	125.18	N/A	N/A	178	0	4,505	42
2024-08-08	$10.93	$7.50	177.6%	16.0%	54.1%	54.4%	0.0%	13.5%	-10.9%	37.9K	-673.2K	-3.2K	0.00	134.05	N/A	N/A	0	0	4,424	42
2024-08-09	$11.05	$7.50	160.1%	16.7%	54.2%	48.0%	55.6%	13.9%	-14.6%	42.8K	-784.0K	-3.7K	2.00	126.10	N/A	N/A	1	2	4,424	42
2024-08-12	$10.71	$7.50	303.6%	20.8%	55.2%	100.0%	0.0%	22.8%	-39.6%	31.8K	-577.5K	-2.7K	0.00	129.43	N/A	N/A	0	0	4,424	40
2024-08-13	$11.34	$7.50	297.1%	22.4%	57.2%	97.6%	61.5%	-0.6%	-9.1%	41.7K	-743.6K	-3.0K	0.00	125.71	N/A	N/A	118	0	4,424	40
2024-08-14	$11.18	$7.50	57.3%	16.4%	57.4%	10.0%	52.3%	1.5%	-21.2%	42.3K	-762.6K	-3.4K	0.00	128.11	N/A	N/A	1	0	4,508	40
2024-08-15	$11.82	$7.50	45.0%	12.9%	61.0%	5.5%	50.0%	7.9%	89.4%	55.1K	-1.0M	-3.7K	0.00	94.31	N/A	N/A	15	0	4,509	40
2024-08-16	$11.75	$7.50	47.4%	13.6%	60.0%	6.4%	49.1%	-1.2%	92.2%	52.0K	-976.7K	-3.7K	0.06	98.78	N/A	N/A	17	1	4,496	40
2024-08-19	$11.83	$7.50	42.7%	12.2%	59.9%	4.7%	43.2%	0.9%	11.9%	49.5K	-851.0K	-3.0K	0.00	101.42	N/A	N/A	18	0	4,432	40
2024-08-20	$11.93	$7.50	41.9%	12.0%	59.5%	4.4%	42.6%	15.3%	-6.8%	53.8K	-898.1K	-3.0K	0.00	105.41	N/A	N/A	67	0	4,445	40
2024-08-21	$11.89	$7.50	58.3%	16.7%	58.6%	10.3%	50.6%	3.0%	-3.3%	56.1K	-1.0M	-3.6K	0.00	105.75	N/A	N/A	6	0	4,417	40
2024-08-22	$11.86	$7.50	44.3%	12.7%	58.6%	5.3%	43.9%	2.5%	3.4%	51.6K	-865.9K	-3.0K	0.03	106.18	N/A	N/A	35	1	4,417	40
2024-08-23	$12.11	$7.50	42.7%	12.2%	59.0%	4.7%	42.9%	25.3%	3.5%	56.7K	-967.2K	-3.1K	0.00	103.16	N/A	N/A	103	0	4,441	41
2024-08-26	$12.20	$7.50	40.5%	11.6%	58.9%	3.9%	40.6%	30.8%	7.2%	58.2K	-943.3K	-2.7K	0.05	91.80	N/A	N/A	19	1	4,398	41
2024-08-27	$12.19	$7.50	42.4%	12.1%	58.8%	4.5%	42.2%	6.3%	13.7%	54.5K	-903.5K	-2.6K	0.00	103.20	N/A	N/A	10	0	4,378	42
2024-08-28	$12.27	$7.50	44.8%	12.9%	58.0%	5.4%	44.7%	8.1%	-10.2%	58.8K	-958.4K	-2.7K	0.00	105.26	N/A	N/A	10	0	4,373	42
2024-08-29	$12.44	$7.50	42.0%	12.0%	51.6%	4.4%	42.0%	33.9%	-4.2%	66.0K	-1.0M	-2.7K	0.00	89.39	N/A	N/A	39	0	4,360	42
2024-08-30	$12.57	$7.50	43.8%	12.5%	47.2%	5.1%	58.6%	18.1%	7.3%	71.8K	-1.1M	-2.9K	0.00	97.82	N/A	N/A	2	0	4,372	42