ADEA Options History — September 2024

In September 2024, ADEA traded between $11.30 and $12.68. ATM implied volatility averaged 52.2%, placing in the 8.7% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded above realized volatility by 18.4% (HV 20d: 33.9%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.07.

Notable Days

2024-09-20: Highest Volume — 238 contracts
2024-09-24: Largest IV spike — 62.3% change
2024-09-10: Highest IV Rank — 24.6%
2024-09-10: Largest Expected Move — 19.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$11.93	$11.30	$12.68	$12.18	$11.89
Max Pain	$9.75	$7.50	$10.00	$7.50	$10.00
ATM IV	52.2%	25.0%	97.3%	49.6%	57.8%
Expected Move	13.6%	7.2%	19.4%	14.2%	16.6%
HV 20d	33.9%	26.8%	44.3%	43.5%	36.0%
HV 60d	40.4%	39.7%	42.0%	39.8%	42.0%
IV Rank	8.7%	0.0%	24.6%	7.2%	11.8%
IV Percentile	38.6%	0.0%	93.7%	35.3%	57.5%
Term Structure	1.8%	-32.8%	93.4%	-19.7%	13.5%
VWIV	36.0%	21.7%	47.9%	44.2%	25.2%
Skew 25d	18.0%	-3.1%	45.4%	3.3%	44.3%
Skew 10d	24.5%	-20.6%	63.5%	10.4%	22.3%
Call IV 25d	49.4%	29.2%	73.9%	45.3%	73.9%
Put IV 25d	67.4%	35.4%	118.2%	48.5%	118.2%
Bid-Ask Spread %	131.63	102.21	144.16	102.21	139.50
Gamma HHI	0.51	0.37	0.76	0.53	0.39
Net GEX	41.8K	16.7K	103.7K	51.6K	18.1K
Net DEX	-728.2K	-1.5M	-394.1K	-837.4K	-441.0K
Net VEX	-2.2K	-3.2K	-1.6K	-2.3K	-1.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.07	0.00	0.50	0.00	0.00
Total Volume	41.5	0	238	10	107
Total OI	3,673.2	1,171	4,949	4,412	1,186

Daily Data (20 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
2024-09-03	$12.18	$7.50	49.6%	14.2%	43.5%	7.2%	0.0%	3.3%	-19.7%	51.6K	-837.4K	-2.3K	0.00	102.21	N/A	N/A	10	0	4,370	42
2024-09-04	$11.86	$7.50	58.6%	16.8%	44.3%	10.5%	0.0%	3.1%	-5.8%	43.8K	-732.0K	-2.1K	0.00	108.03	N/A	N/A	0	0	4,360	42
2024-09-05	$11.93	$10.00	59.0%	12.6%	38.8%	10.6%	0.0%	20.6%	-9.9%	46.2K	-765.6K	-2.2K	0.00	142.47	N/A	N/A	0	0	4,360	42
2024-09-06	$11.55	$10.00	77.1%	13.1%	38.7%	17.2%	0.0%	4.2%	-14.2%	40.7K	-662.7K	-2.1K	0.00	142.58	N/A	N/A	3	0	4,360	42
2024-09-09	$11.41	$10.00	85.6%	18.1%	38.9%	20.4%	0.0%	12.3%	-20.4%	29.6K	-523.5K	-1.6K	0.00	141.39	N/A	N/A	11	0	4,363	42
2024-09-10	$11.30	$10.00	97.3%	19.4%	37.2%	24.6%	0.0%	18.4%	-8.2%	37.0K	-603.0K	-2.4K	0.00	138.81	N/A	N/A	11	0	4,907	42
2024-09-11	$11.48	$10.00	58.0%	16.6%	31.7%	10.3%	0.0%	23.3%	-8.9%	54.1K	-959.3K	-3.2K	0.00	144.16	N/A	N/A	1	0	4,897	42
2024-09-12	$11.54	$10.00	48.5%	13.9%	31.2%	6.8%	0.0%	5.6%	-2.4%	48.7K	-775.4K	-2.7K	0.00	142.92	N/A	N/A	23	0	4,896	42
2024-09-13	$11.93	$10.00	54.5%	15.6%	26.8%	9.0%	0.0%	-1.3%	-32.8%	53.9K	-783.7K	-2.7K	0.00	137.69	N/A	N/A	0	0	4,887	42
2024-09-16	$12.07	$10.00	43.7%	12.5%	26.9%	5.0%	44.2%	-3.1%	-4.6%	67.9K	-769.4K	-2.3K	0.00	138.08	N/A	N/A	48	0	4,887	42
2024-09-17	$12.21	$10.00	47.1%	13.5%	27.1%	6.3%	47.9%	27.1%	-6.8%	69.8K	-863.0K	-2.4K	0.01	123.18	N/A	N/A	127	1	4,884	42
2024-09-18	$12.29	$10.00	45.9%	13.2%	27.1%	5.8%	0.0%	-2.6%	2.0%	61.6K	-940.1K	-2.5K	0.00	135.94	N/A	N/A	135	0	4,878	43
2024-09-19	$12.64	$10.00	42.4%	12.2%	28.6%	4.6%	30.2%	45.4%	93.4%	103.7K	-1.1M	-2.3K	0.00	141.85	N/A	N/A	74	0	4,875	43
2024-09-20	$12.68	$10.00	33.1%	9.5%	28.5%	1.2%	0.0%	29.2%	24.2%	18.4K	-1.5M	-2.5K	0.00	133.87	N/A	N/A	238	0	4,875	43
2024-09-23	$12.34	$10.00	25.0%	7.2%	29.7%	0.0%	21.7%	36.6%	21.6%	20.1K	-528.6K	-2.1K	0.50	127.69	N/A	N/A	4	2	1,137	34
2024-09-24	$11.75	$10.00	40.5%	11.6%	34.4%	5.6%	47.0%	14.8%	-17.0%	17.0K	-432.1K	-2.0K	0.25	117.89	N/A	N/A	4	1	1,141	34
2024-09-25	$11.61	$10.00	50.8%	14.6%	34.6%	9.3%	0.0%	17.1%	10.3%	16.7K	-394.1K	-1.8K	0.25	122.75	N/A	N/A	4	1	1,145	34
2024-09-26	$12.00	$10.00	33.1%	9.5%	36.7%	2.9%	25.2%	29.8%	13.0%	19.2K	-432.4K	-1.7K	0.04	121.37	N/A	N/A	24	1	1,143	34
2024-09-27	$11.91	$10.00	37.3%	10.7%	36.4%	4.4%	0.0%	31.8%	8.2%	18.3K	-446.9K	-1.9K	0.00	130.17	N/A	N/A	0	0	1,151	35
2024-09-30	$11.89	$10.00	57.8%	16.6%	36.0%	11.8%	0.0%	44.3%	13.5%	18.1K	-441.0K	-1.8K	0.00	139.50	N/A	N/A	107	0	1,151	35