ADEA Options History — February 2025

In February 2025, ADEA traded between $12.54 and $17.29. ATM implied volatility averaged 56.4%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 9.0% (HV 20d: 47.4%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 1.31.

Notable Days

2025-02-19: Highest Volume — 1,042 contracts
2025-02-26: Largest IV spike — 63.2% change
2025-02-11: Highest IV Rank — 30.6%
2025-02-03: Largest Expected Move — 23.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.41	$12.54	$17.29	$12.71	$15.59
Max Pain	$11.45	$10.00	$12.50	$12.50	$12.50
ATM IV	56.4%	33.7%	110.2%	80.2%	36.4%
Expected Move	13.3%	9.7%	23.0%	23.0%	10.4%
HV 20d	47.4%	23.8%	77.6%	31.1%	77.6%
HV 60d	48.6%	34.4%	62.2%	62.2%	53.8%
IV Rank	11.3%	3.1%	30.6%	19.8%	4.1%
IV Percentile	34.6%	2.8%	92.1%	79.0%	5.6%
Term Structure	-1.1%	-25.8%	34.6%	4.0%	34.6%
VWIV	46.9%	35.6%	62.0%	44.9%	41.4%
Skew 25d	14.2%	-17.9%	52.6%	22.6%	33.3%
Skew 10d	28.5%	-39.4%	90.8%	36.8%	42.4%
Call IV 25d	42.9%	26.7%	89.8%	89.8%	26.7%
Put IV 25d	57.1%	38.2%	112.4%	112.4%	60.0%
Bid-Ask Spread %	105.62	73.26	124.15	119.72	106.72
Gamma HHI	0.59	0.36	0.94	0.41	0.80
Net GEX	35.6K	19.0K	70.2K	21.1K	35.4K
Net DEX	-1.1M	-2.4M	-517.1K	-553.6K	-1.1M
Net VEX	-3.1K	-4.6K	-2.0K	-2.5K	-3.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.31	0.00	14.57	0.00	14.57
Total Volume	137.158	0	1,042	1	3
Total OI	2,120.158	1,858	2,703	1,859	2,397

Daily Data (19 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
2025-02-03	$12.71	$12.50	80.2%	23.0%	31.1%	19.8%	0.0%	22.6%	4.0%	21.1K	-553.6K	-2.5K	0.00	119.72	N/A	N/A	1	0	1,844	15
2025-02-04	$12.54	$12.50	45.3%	13.0%	30.7%	7.3%	44.9%	52.6%	21.0%	19.9K	-545.2K	-2.5K	0.00	120.19	N/A	N/A	4	0	1,843	15
2025-02-05	$12.57	$12.50	57.4%	16.5%	28.5%	11.6%	62.0%	13.0%	-17.1%	19.7K	-517.1K	-2.2K	0.00	124.15	N/A	N/A	19	0	1,847	15
2025-02-06	$12.77	$10.00	87.3%	13.5%	27.4%	22.4%	0.0%	21.2%	-4.7%	19.2K	-534.5K	-2.2K	0.00	113.44	N/A	N/A	0	0	1,851	15
2025-02-07	$12.64	$10.00	97.2%	13.6%	27.4%	25.9%	0.0%	19.3%	-5.7%	19.0K	-526.5K	-2.1K	0.00	113.70	N/A	N/A	0	0	1,851	15
2025-02-10	$13.07	$10.00	78.7%	11.5%	27.2%	19.3%	48.4%	16.3%	-1.1%	21.4K	-585.7K	-2.3K	0.00	109.55	N/A	N/A	22	0	1,851	15
2025-02-11	$13.20	$10.00	110.2%	13.4%	25.0%	30.6%	56.5%	-0.9%	-3.4%	20.5K	-695.4K	-2.6K	0.00	103.30	N/A	N/A	5	0	1,854	15
2025-02-12	$12.98	$10.00	43.4%	12.4%	25.8%	6.6%	0.0%	21.8%	-11.6%	20.8K	-548.4K	-2.0K	0.00	111.71	N/A	N/A	0	0	1,854	15
2025-02-13	$13.16	$10.00	50.9%	14.6%	25.0%	9.3%	51.3%	32.1%	-5.9%	22.2K	-617.3K	-2.3K	0.00	114.83	N/A	N/A	47	0	1,854	15
2025-02-14	$13.34	$10.00	43.1%	12.3%	24.3%	6.5%	42.7%	1.7%	-9.5%	23.9K	-624.2K	-2.3K	1.88	103.92	N/A	N/A	16	30	1,892	15
2025-02-18	$13.38	$10.00	63.3%	18.2%	23.8%	13.8%	62.0%	8.9%	-25.8%	25.6K	-628.3K	-2.5K	0.87	94.26	N/A	N/A	265	230	1,903	45
2025-02-19	$16.31	$12.50	36.1%	10.3%	73.7%	4.0%	39.6%	6.0%	5.7%	64.9K	-2.0M	-4.2K	0.36	73.26	N/A	N/A	764	278	2,154	275
2025-02-20	$16.92	$12.50	35.9%	10.3%	74.2%	3.9%	37.6%	7.3%	3.4%	68.5K	-2.3M	-4.6K	0.10	92.94	N/A	N/A	290	28	2,233	470
2025-02-21	$17.29	$12.50	35.6%	10.2%	74.1%	3.8%	36.0%	-0.8%	-3.5%	70.2K	-2.4M	-4.6K	0.03	94.85	N/A	N/A	145	4	2,195	476
2025-02-24	$17.05	$12.50	33.7%	9.7%	74.7%	3.1%	35.6%	-17.9%	-0.0%	68.3K	-2.0M	-4.3K	0.16	106.72	N/A	N/A	129	21	1,965	429
2025-02-25	$16.35	$12.50	34.4%	9.9%	76.1%	3.4%	41.8%	11.9%	15.3%	48.6K	-1.6M	-4.4K	1.65	99.50	N/A	N/A	66	109	1,938	439
2025-02-26	$16.09	$12.50	56.1%	16.1%	76.7%	11.2%	57.7%	-1.4%	-17.5%	47.7K	-1.5M	-4.0K	0.00	105.47	N/A	N/A	21	0	1,945	392
2025-02-27	$15.74	$12.50	46.7%	13.4%	77.3%	7.8%	46.7%	22.2%	1.3%	39.5K	-1.4M	-3.8K	14.57	98.56	N/A	N/A	7	102	1,944	392
2025-02-28	$15.59	$12.50	36.4%	10.4%	77.6%	4.1%	41.4%	33.3%	34.6%	35.4K	-1.1M	-3.8K	0.00	106.72	N/A	N/A	0	3	1,942	455