ADEA Options History — August 2025

In August 2025, ADEA traded between $12.32 and $15.61. ATM implied volatility averaged 63.6%, placing in the 14.9% IV rank vs the trailing year. The 30-day expected move averaged 11.1%. IV traded above realized volatility by 14.4% (HV 20d: 49.2%). Max pain ranged from $10.00 to $12.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.17.

Notable Days

2025-08-05: Highest Volume — 85 contracts
2025-08-06: Largest IV spike — 85.4% change
2025-08-12: Highest IV Rank — 54.6%
2025-08-01: Largest Expected Move — 28.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.49	$12.32	$15.61	$12.32	$15.14
Max Pain	$10.60	$10.00	$12.50	$12.50	$12.50
ATM IV	63.6%	30.5%	177.0%	97.6%	37.4%
Expected Move	11.1%	8.7%	28.0%	28.0%	10.7%
HV 20d	49.2%	27.6%	56.1%	28.9%	51.4%
HV 60d	39.8%	33.4%	42.4%	34.2%	42.3%
IV Rank	14.9%	2.0%	54.6%	26.1%	6.9%
IV Percentile	38.2%	2.4%	98.4%	89.3%	13.1%
Term Structure	7.8%	-87.3%	41.8%	-87.3%	8.7%
VWIV	36.7%	26.2%	60.8%	60.8%	37.5%
Skew 25d	23.3%	-49.8%	165.6%	-49.8%	30.1%
Skew 10d	44.3%	-33.0%	296.1%	-33.0%	59.4%
Call IV 25d	36.9%	19.6%	97.0%	97.0%	31.6%
Put IV 25d	60.2%	31.9%	202.5%	47.3%	61.6%
Bid-Ask Spread %	110.41	92.54	120.53	115.06	108.85
Gamma HHI	0.65	0.50	0.77	0.62	0.70
Net GEX	29.4K	6.9K	50.4K	8.3K	39.2K
Net DEX	-420.1K	-631.4K	-166.2K	-166.2K	-367.0K
Net VEX	-1.2K	-1.6K	-556	-749	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.17	0.00	1.33	0.33	0.50
Total Volume	20.667	0	85	8	6
Total OI	1,751.333	1,629	1,829	1,629	1,696

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
2025-08-01	$12.32	$12.50	97.6%	28.0%	28.9%	26.1%	60.8%	-49.8%	-87.3%	8.3K	-166.2K	-749	0.33	115.06	N/A	N/A	6	2	1,582	47
2025-08-04	$12.35	$10.00	125.5%	10.6%	28.8%	36.1%	39.9%	35.5%	28.1%	9.1K	-178.7K	-837	0.00	115.57	N/A	N/A	19	0	1,586	49
2025-08-05	$12.44	$10.00	55.4%	13.2%	27.6%	10.9%	46.3%	3.9%	15.2%	6.9K	-171.8K	-556	0.05	107.36	N/A	N/A	81	4	1,602	49
2025-08-06	$13.79	$10.00	102.7%	9.8%	47.9%	27.9%	34.8%	0.3%	-1.0%	12.5K	-306.5K	-785	0.00	111.21	N/A	N/A	26	0	1,672	53
2025-08-07	$13.70	$10.00	102.1%	11.3%	47.6%	27.7%	36.2%	16.9%	41.8%	11.1K	-277.1K	-742	0.00	120.53	N/A	N/A	50	0	1,664	53
2025-08-08	$14.30	$10.00	91.1%	8.8%	49.8%	23.7%	26.2%	18.9%	-0.9%	18.1K	-361.5K	-942	0.01	105.01	N/A	N/A	75	1	1,712	53
2025-08-11	$14.07	$10.00	124.2%	10.0%	50.0%	35.6%	0.0%	25.8%	-3.1%	19.0K	-362.7K	-964	0.00	110.32	N/A	N/A	0	0	1,728	52
2025-08-12	$14.75	$10.00	177.0%	8.7%	52.3%	54.6%	30.7%	7.9%	-3.6%	26.4K	-444.9K	-1.1K	0.05	114.82	N/A	N/A	21	1	1,728	52
2025-08-13	$15.21	$10.00	30.5%	8.7%	53.3%	2.0%	30.5%	165.6%	5.8%	34.8K	-537.2K	-1.4K	0.00	113.96	N/A	N/A	31	0	1,738	53
2025-08-14	$14.98	$10.00	38.1%	10.9%	53.6%	4.7%	0.0%	13.3%	18.3%	37.3K	-593.6K	-1.6K	0.00	115.81	N/A	N/A	0	0	1,749	53
2025-08-15	$14.96	$10.00	34.9%	10.0%	52.6%	3.7%	36.2%	16.8%	15.9%	40.5K	-575.1K	-1.6K	0.06	112.17	N/A	N/A	17	1	1,749	53
2025-08-18	$15.09	$10.00	35.0%	10.0%	52.6%	5.6%	0.0%	11.7%	-4.2%	39.3K	-577.8K	-1.4K	1.33	92.54	N/A	N/A	12	16	1,756	47
2025-08-19	$14.79	$10.00	39.6%	11.3%	53.3%	8.1%	0.0%	34.2%	3.9%	34.5K	-532.0K	-1.5K	0.60	105.41	N/A	N/A	5	3	1,753	63
2025-08-20	$14.52	$10.00	36.6%	10.5%	53.8%	6.5%	36.6%	12.7%	9.8%	23.2K	-392.2K	-1.0K	0.00	114.32	N/A	N/A	5	0	1,758	66
2025-08-21	$14.54	$10.00	34.3%	9.8%	52.5%	5.2%	0.0%	35.4%	20.0%	21.9K	-379.6K	-889	0.00	111.44	N/A	N/A	0	0	1,763	66
2025-08-22	$15.50	$10.00	31.4%	9.0%	56.1%	3.6%	31.5%	26.3%	14.4%	47.5K	-631.4K	-1.5K	0.00	103.75	N/A	N/A	26	0	1,763	66
2025-08-25	$15.61	$10.00	31.9%	9.1%	56.1%	3.9%	30.8%	9.4%	22.7%	46.7K	-615.5K	-1.3K	0.00	103.01	N/A	N/A	7	0	1,749	66
2025-08-26	$15.34	$12.50	35.0%	10.0%	55.2%	5.6%	35.1%	24.3%	35.4%	43.9K	-408.2K	-1.3K	0.00	112.91	N/A	N/A	14	0	1,629	66
2025-08-27	$15.50	$12.50	37.4%	10.7%	55.1%	6.9%	37.3%	26.3%	9.0%	47.7K	-458.4K	-1.5K	0.00	112.79	N/A	N/A	4	0	1,631	66
2025-08-28	$15.46	$12.50	37.9%	10.9%	55.2%	7.2%	0.0%	24.4%	15.1%	50.4K	-483.7K	-1.4K	0.00	111.81	N/A	N/A	0	1	1,631	66
2025-08-29	$15.14	$12.50	37.4%	10.7%	51.4%	6.9%	37.5%	30.1%	8.7%	39.2K	-367.0K	-1.1K	0.50	108.85	N/A	N/A	4	2	1,631	65