ADEA Options History — May 2025

In May 2025, ADEA traded between $12.38 and $14.03. ATM implied volatility averaged 50.4%, placing in the 9.1% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 8.7% (HV 20d: 41.7%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.10.

Notable Days

  • 2025-05-05: Highest Volume — 78 contracts
  • 2025-05-12: Largest IV spike — 230.8% change
  • 2025-05-12: Highest IV Rank — 29.4%
  • 2025-05-02: Largest Expected Move — 17.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.18$12.38$14.03$12.50$12.84
Max Pain$12.50$12.50$12.50$12.50$12.50
ATM IV50.4%28.9%106.8%50.4%38.7%
Expected Move12.4%7.9%17.2%14.5%11.1%
HV 20d41.7%32.7%68.4%68.4%37.5%
HV 60d56.1%48.6%64.8%62.9%48.6%
IV Rank9.1%1.4%29.4%9.1%4.9%
IV Percentile29.4%1.2%92.1%30.2%8.7%
Term Structure3.4%-10.7%31.6%-8.0%3.6%
VWIV78.9%25.6%249.5%142.1%28.4%
Skew 25d3.4%-31.6%40.8%-16.0%12.9%
Skew 10d16.0%-47.2%64.6%-10.9%46.7%
Call IV 25d45.8%22.7%70.7%53.4%47.1%
Put IV 25d49.1%31.0%64.5%37.4%59.9%
Bid-Ask Spread %117.23104.95126.77116.83116.44
Gamma HHI0.510.350.700.580.44
Net GEX14.4K6.3K26.9K14.4K6.4K
Net DEX-347.4K-788.4K-187.6K-281.2K-194.6K
Net VEX-1.1K-2.5K-480-1.4K-520
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.100.001.000.001.00
Total Volume9.57107860
Total OI1,737.7141,6751,8041,6751,684

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$12.50$12.5050.4%14.5%68.4%9.1%0.0%-16.0%-8.0%14.4K-281.2K-1.4K0.00116.83N/AN/A601,61956
2025-05-02$12.58$12.5059.9%17.2%59.5%12.5%142.1%6.4%-2.4%17.2K-352.6K-1.6K0.04108.87N/AN/A2311,67256
2025-05-05$12.38$12.5060.6%11.2%52.1%12.8%0.0%7.3%9.1%18.1K-463.1K-2.2K0.08108.93N/AN/A7261,69257
2025-05-06$13.18$12.5039.2%7.9%55.6%5.1%25.6%14.7%16.1%11.0K-294.1K-7960.18126.77N/AN/A2851,72662
2025-05-07$13.09$12.5028.9%13.0%55.9%1.4%0.0%30.3%0.2%15.1K-331.7K-9180.00116.20N/AN/A011,74262
2025-05-08$13.55$12.5039.5%11.4%41.8%5.2%40.2%-7.8%-10.7%15.7K-387.1K-1.1K0.00118.19N/AN/A1001,74261
2025-05-09$13.32$12.5032.3%10.6%32.7%2.6%0.0%8.9%-4.3%17.1K-396.8K-1.1K0.00118.63N/AN/A1001,74061
2025-05-12$13.96$12.50106.8%11.4%35.7%29.4%0.0%6.0%4.8%26.9K-788.4K-2.5K0.00124.29N/AN/A001,73061
2025-05-13$14.03$12.50103.0%8.1%35.6%28.0%45.6%-8.3%7.8%23.2K-493.4K-1.4K0.00123.18N/AN/A601,73061
2025-05-14$13.88$12.5037.8%10.8%36.1%4.6%0.0%14.7%7.1%18.3K-432.5K-1.1K0.00122.56N/AN/A201,72561
2025-05-15$13.68$12.5046.7%13.4%36.1%7.8%100.5%-6.9%-0.2%22.0K-533.3K-1.6K0.00121.11N/AN/A301,72561
2025-05-16$13.54$12.5044.3%12.7%36.5%6.9%0.0%14.9%31.6%9.1K-346.0K-7160.00123.44N/AN/A001,72661
2025-05-19$13.38$12.5053.7%15.4%34.7%10.3%0.0%22.6%-3.3%16.2K-321.1K-1.1K0.00115.21N/AN/A001,64443
2025-05-20$13.42$12.5054.6%15.7%34.6%10.6%0.0%40.8%-5.7%16.9K-332.0K-1.2K0.00119.18N/AN/A101,64443
2025-05-21$13.07$12.5053.6%15.4%36.3%10.3%0.0%15.3%-5.8%12.5K-261.5K-9100.00112.20N/AN/A101,64543
2025-05-22$13.07$12.5055.4%15.9%35.8%10.9%249.5%-24.0%-4.5%14.9K-298.8K-1.1K0.00114.01N/AN/A1401,64643
2025-05-23$12.68$12.5039.2%11.2%37.6%5.1%40.7%-31.6%9.8%6.5K-197.2K-5400.13104.95N/AN/A811,66043
2025-05-27$12.93$12.5040.8%11.7%38.1%5.7%0.0%3.4%2.7%7.1K-208.3K-5230.00116.94N/AN/A001,64643
2025-05-28$12.89$12.5040.0%11.5%38.1%5.4%37.6%-20.1%5.8%6.3K-193.3K-5390.00116.76N/AN/A011,64543
2025-05-29$12.80$12.5032.9%9.4%37.8%2.8%28.4%-12.7%16.8%6.7K-187.6K-4801.00117.06N/AN/A111,64543
2025-05-30$12.84$12.5038.7%11.1%37.5%4.9%0.0%12.9%3.6%6.4K-194.6K-5200.00116.44N/AN/A001,64638