ADEA Options History — November 2025

In November 2025, ADEA traded between $11.74 and $14.33. ATM implied volatility averaged 55.1%, placing in the 17.8% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 28.4% (HV 20d: 83.5%). Max pain ranged from $2.50 to $15.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 1.10.

Notable Days

  • 2025-11-06: Highest Volume — 2,177 contracts
  • 2025-11-12: Largest IV drop — 61.4% change
  • 2025-11-11: Highest IV Rank — 35.7%
  • 2025-11-05: Largest Expected Move — 23.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.02$11.74$14.33$14.33$12.35
Max Pain$12.24$2.50$15.00$15.00$12.50
ATM IV55.1%33.8%87.6%58.8%35.2%
Expected Move13.1%9.2%23.6%16.9%10.1%
HV 20d83.5%73.1%87.4%73.1%84.1%
HV 60d56.8%50.5%58.1%50.5%57.5%
IV Rank17.8%6.1%35.7%19.8%6.9%
IV Percentile45.4%7.1%85.7%60.3%9.9%
Term Structure9.0%-78.5%62.8%-11.5%1.1%
VWIV49.8%30.2%64.4%59.9%40.1%
Skew 25d31.8%-34.0%73.6%-34.0%65.8%
Skew 10d67.5%30.5%102.3%48.4%93.9%
Call IV 25d46.1%25.9%80.7%80.7%31.7%
Put IV 25d77.9%46.3%110.6%46.6%97.5%
Bid-Ask Spread %114.26101.56130.36109.88130.36
Gamma HHI0.710.250.920.450.88
Net GEX37.4K8.1K127.3K29.0K15.7K
Net DEX-431.9K-1.5M-107.9K-296.2K-184.4K
Net VEX-2.0K-4.3K-1.1K-1.7K-1.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.100.0017.000.240.00
Total Volume220.78902,1774270
Total OI4,243.0532,4425,4172,4423,209

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$14.33$15.0058.8%16.9%73.1%19.8%59.9%-34.0%-11.5%29.0K-296.2K-1.7K0.24109.88N/AN/A345822,35191
2025-11-04$12.75$15.0062.9%18.0%81.5%22.1%64.4%37.1%-5.4%8.1K-107.9K-1.1K0.47105.60N/AN/A157742,632124
2025-11-05$13.72$15.0082.3%23.6%86.7%32.8%63.1%0.7%-78.5%9.2K-192.0K-1.2K1.36125.35N/AN/A33452,716197
2025-11-06$14.02$12.5081.5%9.9%87.4%32.3%30.3%25.0%21.3%14.3K-257.5K-1.3K0.01111.55N/AN/A2,162152,715199
2025-11-07$14.04$12.5077.1%10.7%86.1%29.9%41.0%19.8%-7.3%97.9K-1.2M-4.3K0.00104.60N/AN/A12004,771199
2025-11-10$14.22$12.5081.8%9.2%86.2%32.5%30.2%20.2%4.1%127.3K-1.5M-4.0K0.02114.22N/AN/A18834,854199
2025-11-11$13.91$12.5087.6%13.1%83.2%35.7%46.8%1.0%4.4%89.2K-936.5K-3.5K0.00101.56N/AN/A5404,805200
2025-11-12$13.95$12.5033.8%9.7%82.2%6.1%30.4%20.1%-0.1%117.9K-1.2M-3.6K0.07114.14N/AN/A1414,813200
2025-11-13$13.11$12.5039.8%11.4%84.0%9.4%51.5%26.4%42.8%32.1K-384.2K-2.2K0.05115.44N/AN/A239114,815199
2025-11-14$12.93$12.5049.1%14.1%84.0%14.5%52.9%28.1%10.5%28.5K-329.3K-2.1K0.00108.35N/AN/A13504,907209
2025-11-17$12.43$12.5041.0%11.8%83.7%10.1%56.1%47.9%36.1%18.9K-219.2K-1.8K0.29114.93N/AN/A79235,017209
2025-11-18$12.34$12.5040.1%11.5%83.3%9.5%56.0%50.4%29.6%16.5K-170.0K-1.6K0.15120.03N/AN/A5585,060200
2025-11-19$12.11$12.5040.1%11.5%83.2%9.5%64.1%52.9%34.9%12.4K-159.4K-1.5K0.00119.11N/AN/A6605,106208
2025-11-20$11.74$10.0053.0%15.2%83.1%16.6%57.1%-1.4%62.8%13.9K-165.6K-1.1K0.01107.00N/AN/A13625,169197
2025-11-21$12.11$2.5049.5%14.2%84.2%14.7%54.3%53.3%14.5%21.6K-340.7K-1.6K0.12106.91N/AN/A107135,220197
2025-11-24$12.27$12.5037.4%10.7%83.5%8.0%0.0%73.6%19.9%16.5K-186.2K-1.2K0.00129.81N/AN/A203,110101
2025-11-25$12.41$12.5048.0%13.8%83.4%13.9%48.0%63.0%-2.0%18.7K-205.8K-1.2K17.00116.28N/AN/A1173,112101
2025-11-26$12.58$12.5047.8%13.7%84.1%13.8%40.1%54.2%-6.3%23.4K-262.8K-1.4K0.00115.74N/AN/A803,11294
2025-11-28$12.35$12.5035.2%10.1%84.1%6.9%0.0%65.8%1.1%15.7K-184.4K-1.1K0.00130.36N/AN/A003,11594