ADEA Options History — December 2024

In December 2024, ADEA traded between $12.43 and $14.57. ATM implied volatility averaged 50.8%, placing in the 9.3% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded below realized volatility by 5.8% (HV 20d: 56.6%). Max pain ranged from $2.50 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.10.

Notable Days

2024-12-24: Highest Volume — 642 contracts
2024-12-31: Largest IV spike — 115.3% change
2024-12-09: Highest IV Rank — 18.6%
2024-12-10: Largest Expected Move — 21.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.74	$12.43	$14.57	$12.59	$13.95
Max Pain	$11.55	$2.50	$15.00	$10.00	$12.50
ATM IV	50.8%	25.0%	76.9%	55.2%	53.8%
Expected Move	14.1%	7.2%	21.8%	15.8%	15.4%
HV 20d	56.6%	40.1%	100.2%	95.9%	41.4%
HV 60d	61.6%	59.6%	62.2%	59.6%	61.3%
IV Rank	9.3%	0.0%	18.6%	10.8%	10.4%
IV Percentile	32.7%	0.4%	80.6%	44.0%	39.7%
Term Structure	-0.1%	-41.5%	43.2%	5.8%	25.5%
VWIV	45.3%	22.6%	132.7%	40.0%	22.6%
Skew 25d	16.1%	-27.7%	47.8%	17.6%	47.8%
Skew 10d	28.3%	-3.3%	85.0%	7.1%	85.0%
Call IV 25d	40.0%	24.3%	93.7%	37.3%	27.8%
Put IV 25d	56.2%	36.7%	75.5%	55.0%	75.5%
Bid-Ask Spread %	118.41	99.77	129.41	117.47	121.84
Gamma HHI	0.56	0.39	0.91	0.44	0.41
Net GEX	30.9K	8.0K	71.7K	24.5K	19.8K
Net DEX	-723.4K	-1.2M	-316.9K	-479.8K	-564.1K
Net VEX	-1.2K	-1.9K	-661	-990	-1.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.10	0.00	1.00	0.00	0.08
Total Volume	57.952	0	642	2	0
Total OI	1,280.571	431	1,516	1,373	1,091

Daily Data (21 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
2024-12-02	$12.59	$10.00	55.2%	15.8%	95.9%	10.8%	40.0%	17.6%	5.8%	24.5K	-479.8K	-990	0.00	117.47	N/A	N/A	2	0	1,323	50
2024-12-03	$12.43	$10.00	49.5%	14.2%	96.0%	8.8%	32.3%	23.2%	18.3%	25.8K	-413.1K	-776	0.00	111.02	N/A	N/A	10	0	1,325	50
2024-12-04	$13.48	$10.00	56.9%	16.3%	100.2%	11.5%	30.2%	37.3%	-12.5%	37.5K	-758.4K	-1.2K	0.00	99.77	N/A	N/A	83	0	1,332	50
2024-12-05	$13.18	$15.00	53.6%	14.3%	93.5%	10.3%	0.0%	37.7%	-8.2%	35.1K	-717.5K	-1.3K	0.00	126.99	N/A	N/A	0	0	1,396	50
2024-12-06	$13.47	$15.00	46.9%	12.0%	93.9%	7.9%	29.5%	14.8%	-5.2%	38.9K	-792.0K	-1.2K	0.00	125.71	N/A	N/A	10	0	1,396	50
2024-12-09	$13.38	$15.00	76.9%	15.1%	54.5%	18.6%	0.0%	29.8%	-6.0%	35.6K	-823.0K	-1.3K	0.89	129.41	N/A	N/A	9	8	1,398	50
2024-12-10	$13.73	$15.00	73.4%	21.8%	54.2%	17.4%	0.0%	28.8%	-41.5%	38.8K	-935.7K	-1.3K	0.00	115.24	N/A	N/A	2	0	1,398	58
2024-12-11	$14.02	$15.00	40.7%	11.7%	51.0%	5.6%	42.5%	-4.6%	-4.8%	44.4K	-914.4K	-1.2K	0.00	106.81	N/A	N/A	120	0	1,330	58
2024-12-12	$14.48	$15.00	45.8%	13.1%	40.1%	7.5%	43.8%	2.5%	-9.2%	69.2K	-1.1M	-1.3K	0.02	116.69	N/A	N/A	52	1	1,438	58
2024-12-13	$14.34	$15.00	35.3%	10.1%	40.8%	3.7%	132.7%	-27.7%	8.7%	52.1K	-1.1M	-1.3K	0.00	124.05	N/A	N/A	75	0	1,445	59
2024-12-16	$14.57	$10.00	39.4%	11.3%	40.5%	5.2%	41.4%	-2.2%	-17.9%	71.7K	-1.1M	-1.1K	0.00	117.74	N/A	N/A	21	0	1,445	59
2024-12-17	$14.38	$10.00	34.2%	9.8%	40.4%	3.3%	0.0%	-9.3%	-5.7%	50.8K	-1.2M	-1.1K	0.00	115.41	N/A	N/A	14	0	1,457	59
2024-12-18	$13.73	$10.00	46.6%	13.4%	45.2%	7.8%	53.7%	-9.4%	-9.8%	8.0K	-703.7K	-661	0.00	116.53	N/A	N/A	95	0	1,457	59
2024-12-19	$13.84	$10.00	43.0%	12.3%	45.1%	6.5%	36.3%	33.0%	43.2%	8.7K	-702.4K	-684	0.00	119.30	N/A	N/A	31	0	1,366	59
2024-12-20	$13.92	$12.50	50.7%	14.6%	42.3%	9.3%	0.0%	16.7%	42.9%	8.0K	-703.4K	-751	0.00	128.29	N/A	N/A	13	0	1,359	59
2024-12-23	$13.70	$12.50	65.5%	18.8%	43.0%	14.5%	0.0%	11.5%	-28.4%	9.3K	-316.9K	-708	0.00	115.80	N/A	N/A	2	0	420	11
2024-12-24	$13.71	$12.50	68.6%	19.7%	42.7%	15.6%	0.0%	38.4%	-24.7%	8.1K	-342.0K	-731	0.00	128.98	N/A	N/A	642	0	422	10
2024-12-26	$13.96	$12.50	55.5%	15.9%	42.7%	10.9%	0.0%	22.3%	2.9%	21.4K	-536.5K	-1.9K	0.00	115.38	N/A	N/A	11	0	1,064	10
2024-12-27	$13.81	$2.50	49.8%	14.3%	42.7%	8.9%	39.1%	1.1%	4.4%	20.7K	-506.6K	-1.9K	1.00	116.57	N/A	N/A	1	1	1,075	10
2024-12-30	$13.92	$2.50	25.0%	7.2%	42.7%	0.0%	22.6%	29.6%	19.5%	21.5K	-478.0K	-1.6K	0.08	117.61	N/A	N/A	13	1	1,075	11
2024-12-31	$13.95	$12.50	53.8%	15.4%	41.4%	10.4%	0.0%	47.8%	25.5%	19.8K	-564.1K	-1.9K	0.00	121.84	N/A	N/A	0	0	1,080	11