ADEA Options History — June 2025

In June 2025, ADEA traded between $12.68 and $14.23. ATM implied volatility averaged 50.3%, placing in the 9.1% IV rank vs the trailing year. The 30-day expected move averaged 14.9%. IV traded above realized volatility by 16.0% (HV 20d: 34.3%). Max pain ranged from $7.50 to $12.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.74.

Notable Days

2025-06-23: Highest Volume — 1,316 contracts
2025-06-10: Largest IV spike — 90.9% change
2025-06-16: Highest IV Rank — 17.9%
2025-06-16: Largest Expected Move — 21.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.54	$12.68	$14.23	$12.68	$14.22
Max Pain	$11.25	$7.50	$12.50	$12.50	$7.50
ATM IV	50.3%	26.7%	75.0%	42.4%	43.8%
Expected Move	14.9%	7.7%	21.5%	12.2%	12.6%
HV 20d	34.3%	25.5%	40.1%	37.7%	40.1%
HV 60d	49.1%	47.8%	51.1%	48.5%	50.1%
IV Rank	9.1%	0.6%	17.9%	6.3%	6.8%
IV Percentile	37.0%	1.2%	76.6%	17.5%	23.4%
Term Structure	2.9%	-31.8%	26.0%	6.8%	14.2%
VWIV	48.5%	25.2%	62.2%	44.3%	62.2%
Skew 25d	10.3%	-30.6%	45.6%	16.9%	45.6%
Skew 10d	28.3%	3.9%	84.4%	34.4%	84.4%
Call IV 25d	51.3%	23.7%	78.2%	47.0%	44.9%
Put IV 25d	61.6%	32.3%	92.1%	63.9%	90.5%
Bid-Ask Spread %	121.85	107.14	132.51	115.43	117.66
Gamma HHI	0.58	0.29	0.92	0.46	0.92
Net GEX	12.1K	1.3K	26.3K	6.4K	26.3K
Net DEX	-322.6K	-610.1K	-143.7K	-186.0K	-599.1K
Net VEX	-1.1K	-3.0K	-392	-468	-3.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.74	0.00	5.71	0.00	0.00
Total Volume	82.75	0	1,316	5	20
Total OI	1,635.65	273	1,794	1,684	1,593

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
2025-06-02	$12.68	$12.50	42.4%	12.2%	37.7%	6.3%	0.0%	16.9%	6.8%	6.4K	-186.0K	-468	0.00	115.43	N/A	N/A	0	5	1,646	38
2025-06-03	$13.04	$12.50	36.8%	10.5%	38.4%	4.2%	44.3%	-30.6%	1.5%	6.5K	-210.9K	-473	0.00	109.96	N/A	N/A	20	0	1,646	43
2025-06-04	$13.09	$12.50	26.8%	7.7%	31.2%	0.7%	25.2%	8.6%	26.0%	8.1K	-238.2K	-456	0.00	107.14	N/A	N/A	21	0	1,666	43
2025-06-05	$13.36	$12.50	32.9%	14.6%	32.0%	2.8%	0.0%	24.4%	-11.9%	6.5K	-262.4K	-392	0.00	125.01	N/A	N/A	9	0	1,665	43
2025-06-06	$13.35	$12.50	26.7%	16.9%	29.4%	0.6%	0.0%	2.8%	-21.0%	6.1K	-264.4K	-404	0.00	121.77	N/A	N/A	0	0	1,665	43
2025-06-09	$13.73	$12.50	37.2%	11.4%	30.4%	4.4%	0.0%	-8.8%	8.5%	7.0K	-293.6K	-412	0.88	113.12	N/A	N/A	93	82	1,665	43
2025-06-10	$13.89	$12.50	70.9%	14.3%	25.7%	16.5%	0.0%	-2.2%	9.5%	16.1K	-338.8K	-879	0.00	132.51	N/A	N/A	0	0	1,701	93
2025-06-11	$13.89	$12.50	43.5%	12.5%	25.6%	6.6%	0.0%	4.2%	9.2%	9.8K	-291.0K	-631	0.00	117.91	N/A	N/A	0	0	1,701	93
2025-06-12	$13.78	$12.50	43.3%	12.4%	25.5%	6.6%	43.5%	-11.8%	-6.1%	19.0K	-361.8K	-872	3.00	130.03	N/A	N/A	1	3	1,701	93
2025-06-13	$13.02	$12.50	53.7%	15.4%	32.1%	10.3%	0.0%	-14.3%	-31.8%	7.4K	-186.4K	-574	0.00	125.60	N/A	N/A	0	0	1,701	90
2025-06-16	$13.37	$12.50	75.0%	21.5%	33.6%	17.9%	0.0%	44.3%	-20.4%	8.7K	-224.1K	-532	0.00	128.53	N/A	N/A	1	0	1,701	90
2025-06-17	$13.04	$12.50	60.4%	17.3%	34.4%	12.7%	0.0%	9.4%	-16.5%	7.8K	-191.9K	-443	0.00	131.75	N/A	N/A	0	0	1,701	88
2025-06-18	$13.06	$12.50	61.3%	17.6%	34.4%	13.1%	0.0%	15.4%	21.6%	7.2K	-215.5K	-484	0.00	127.33	N/A	N/A	0	0	1,701	66
2025-06-20	$13.79	$12.50	52.9%	15.2%	38.4%	10.0%	0.0%	32.2%	25.3%	1.4K	-296.9K	-439	0.00	126.34	N/A	N/A	5	0	1,701	66
2025-06-23	$13.49	$12.50	52.7%	15.1%	39.3%	9.9%	47.2%	-14.0%	12.2%	1.3K	-143.7K	-392	0.00	119.52	N/A	N/A	1,314	2	230	43
2025-06-24	$13.93	$7.50	69.9%	20.0%	38.9%	16.1%	56.0%	26.8%	9.5%	24.1K	-549.8K	-2.8K	0.00	120.04	N/A	N/A	11	0	1,535	45
2025-06-25	$13.80	$7.50	70.4%	20.2%	38.8%	16.3%	60.9%	16.2%	20.9%	24.8K	-610.1K	-3.0K	0.00	121.33	N/A	N/A	20	0	1,545	45
2025-06-26	$14.23	$7.50	53.3%	15.3%	39.9%	10.2%	62.2%	7.5%	-3.2%	24.4K	-504.0K	-2.6K	5.71	124.50	N/A	N/A	7	40	1,547	45
2025-06-27	$14.08	$7.50	51.5%	14.8%	40.0%	9.5%	0.0%	32.9%	4.4%	23.3K	-483.1K	-2.4K	0.00	121.59	N/A	N/A	1	0	1,547	45
2025-06-30	$14.22	$7.50	43.8%	12.6%	40.1%	6.8%	0.0%	45.6%	14.2%	26.3K	-599.1K	-3.0K	0.00	117.66	N/A	N/A	20	0	1,548	45