ADEA Options History — January 2025

In January 2025, ADEA traded between $12.75 and $14.29. ATM implied volatility averaged 79.8%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 19.8%. IV traded above realized volatility by 47.6% (HV 20d: 32.3%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.23.

Notable Days

  • 2025-01-22: Highest Volume — 654 contracts
  • 2025-01-24: Largest IV spike — 80.2% change
  • 2025-01-10: Highest IV Rank — 35.7%
  • 2025-01-27: Largest Expected Move — 32.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.28$12.75$14.29$13.74$12.96
Max Pain$13.25$12.50$15.00$12.50$12.50
ATM IV79.8%50.0%124.4%93.0%92.8%
Expected Move19.8%11.4%32.9%26.6%26.6%
HV 20d32.3%30.3%41.5%41.5%30.9%
HV 60d62.0%61.3%62.4%61.3%62.1%
IV Rank19.7%9.0%35.7%24.4%24.4%
IV Percentile70.6%27.8%94.4%89.7%87.7%
Term Structure-22.0%-72.2%25.8%-45.0%-33.6%
VWIV38.8%28.5%47.8%44.9%39.0%
Skew 25d33.8%1.5%92.1%45.3%65.5%
Skew 10d45.2%-6.8%95.1%95.1%66.5%
Call IV 25d44.9%26.7%66.4%31.0%48.6%
Put IV 25d78.7%49.6%141.6%76.2%114.1%
Bid-Ask Spread %124.69114.10132.45117.80120.10
Gamma HHI0.400.310.490.400.39
Net GEX18.8K10.9K25.9K18.5K19.8K
Net DEX-503.4K-809.3K-286.2K-477.3K-601.4K
Net VEX-1.9K-3.5K-949-1.5K-2.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.230.002.151.001.00
Total Volume94.45165422
Total OI1,499.851,0741,8591,0911,859

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$13.74$12.5093.0%26.6%41.5%24.4%0.0%45.3%-45.0%18.5K-477.3K-1.5K1.00117.80N/AN/A111,08011
2025-01-03$13.91$12.5056.5%16.2%30.5%11.3%0.0%51.4%25.8%20.0K-529.4K-1.8K0.00124.82N/AN/A701,08112
2025-01-06$14.29$15.0050.0%13.3%30.4%9.0%44.9%6.5%-10.5%25.9K-579.3K-1.9K0.08120.22N/AN/A1211,08112
2025-01-07$13.80$15.0073.9%14.7%32.6%17.6%0.0%1.5%2.3%19.1K-498.9K-1.6K0.00132.45N/AN/A1801,07813
2025-01-08$13.66$15.00104.8%15.0%32.7%28.7%0.0%1.6%-2.1%19.4K-463.5K-1.6K0.00130.80N/AN/A101,09513
2025-01-10$13.14$15.00124.4%19.0%34.2%35.7%0.0%33.6%-21.7%15.4K-390.7K-1.2K2.15129.76N/AN/A1693641,09613
2025-01-13$12.75$15.0087.1%18.5%34.5%22.3%0.0%11.5%-4.9%13.4K-373.5K-1.5K0.04119.54N/AN/A9241,265377
2025-01-14$12.75$15.0092.3%11.4%31.7%24.2%33.8%30.2%10.4%11.2K-286.2K-9490.11123.87N/AN/A911,267379
2025-01-15$13.04$12.5059.2%17.0%33.2%12.3%34.8%39.2%-9.4%10.9K-314.5K-1.0K0.00116.97N/AN/A27001,268380
2025-01-16$12.79$12.5060.2%17.3%32.7%12.6%0.0%56.0%6.4%17.3K-399.5K-1.4K0.00131.54N/AN/A701,395381
2025-01-17$12.99$12.5060.4%17.3%33.5%12.7%28.5%49.5%-23.4%13.7K-359.5K-1.3K0.29127.13N/AN/A721,396380
2025-01-21$13.27$12.5059.4%17.0%31.0%12.4%47.8%25.0%-1.6%14.7K-361.8K-1.1K0.00124.21N/AN/A1101,06014
2025-01-22$13.34$12.5087.4%25.0%30.9%22.4%0.0%25.0%-72.2%14.7K-355.1K-1.0K0.00128.22N/AN/A65311,06914
2025-01-23$13.32$12.5052.2%15.0%30.7%9.8%43.0%10.4%-14.5%23.2K-712.7K-3.4K0.00127.34N/AN/A401,72215
2025-01-24$13.34$12.5094.1%27.0%30.3%24.8%0.0%32.5%-63.3%24.1K-533.8K-2.6K0.00127.00N/AN/A24101,72215
2025-01-27$13.02$12.50114.7%32.9%31.4%32.2%0.0%92.1%-60.3%22.1K-670.1K-3.0K0.00126.31N/AN/A201,84215
2025-01-28$13.18$12.5086.3%24.7%30.9%22.0%0.0%29.8%-48.9%24.5K-703.7K-3.0K0.00124.68N/AN/A501,84415
2025-01-29$13.09$12.5092.1%26.4%30.8%24.1%0.0%59.0%-37.1%22.7K-648.5K-2.8K0.00126.89N/AN/A301,84415
2025-01-30$13.15$12.5055.8%16.0%30.7%11.0%39.0%11.3%-36.7%24.8K-809.3K-3.5K0.00114.10N/AN/A101,84415
2025-01-31$12.96$12.5092.8%26.6%30.9%24.4%0.0%65.5%-33.6%19.8K-601.4K-2.4K1.00120.10N/AN/A111,84514