ADEA Options History — December 2025

In December 2025, ADEA traded between $12.34 and $17.69. ATM implied volatility averaged 55.1%, placing in the 17.8% IV rank vs the trailing year. The 30-day expected move averaged 16.8%. IV traded below realized volatility by 4.9% (HV 20d: 59.9%). Max pain ranged from $10.00 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.10.

Notable Days

  • 2025-12-29: Highest Volume — 1,936 contracts
  • 2025-12-10: Largest IV spike — 101.5% change
  • 2025-12-19: Highest IV Rank — 39.8%
  • 2025-12-19: Largest Expected Move — 27.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.23$12.34$17.69$12.34$17.25
Max Pain$13.07$10.00$15.00$12.50$15.00
ATM IV55.1%34.7%95.1%36.8%41.6%
Expected Move16.8%10.6%27.3%10.6%11.9%
HV 20d59.9%32.0%100.7%84.1%100.7%
HV 60d65.2%57.3%81.1%57.5%80.9%
IV Rank17.8%6.6%39.8%7.7%10.4%
IV Percentile42.9%8.7%90.9%13.1%27.8%
Term Structure-6.2%-54.7%24.4%16.7%5.9%
VWIV45.8%23.0%95.3%46.9%44.1%
Skew 25d34.5%-0.1%72.8%70.6%14.6%
Skew 10d35.8%-24.8%112.8%101.7%23.3%
Call IV 25d49.7%27.4%98.5%32.3%36.0%
Put IV 25d84.2%48.9%116.9%102.9%50.6%
Bid-Ask Spread %120.9170.45141.83126.19101.51
Gamma HHI0.730.290.950.830.77
Net GEX19.9K1.9K59.6K13.2K59.6K
Net DEX-377.6K-1.6M-140.3K-164.4K-1.4M
Net VEX-1.3K-6.3K-634-941-5.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.100.000.700.000.00
Total Volume141.95501,936110
Total OI2,583.0453073,2823,2092,696

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$12.34$12.5036.8%10.6%84.1%7.7%0.0%70.6%16.7%13.2K-164.4K-9410.00126.19N/AN/A103,11594
2025-12-02$12.50$12.5037.4%10.7%61.1%8.1%0.0%72.0%17.3%17.1K-193.1K-1.0K0.00118.38N/AN/A603,11694
2025-12-03$12.53$12.5037.6%10.8%45.2%8.2%0.0%72.8%15.3%17.1K-188.6K-9900.00126.22N/AN/A003,11894
2025-12-04$12.39$12.5034.7%18.0%35.8%6.6%0.0%2.4%14.1%8.7K-140.3K-8190.00133.11N/AN/A1003,11894
2025-12-05$12.47$12.5035.7%17.0%34.7%7.1%0.0%71.5%20.7%11.1K-147.7K-8340.00141.83N/AN/A603,11194
2025-12-08$12.73$12.5036.8%18.2%35.9%7.7%0.0%65.7%7.3%16.1K-179.8K-8780.00131.42N/AN/A103,11794
2025-12-09$12.88$12.5039.1%12.0%35.8%9.0%46.9%36.4%7.5%20.8K-223.6K-9530.06127.32N/AN/A1613,11794
2025-12-10$13.62$12.5078.8%22.6%41.2%30.8%44.6%48.5%-31.2%56.6K-468.9K-1.4K0.00131.01N/AN/A4103,12595
2025-12-11$13.55$12.5089.8%25.8%41.2%36.9%0.0%7.4%-53.3%52.2K-437.6K-1.3K0.00138.27N/AN/A0133,14395
2025-12-12$13.15$12.5091.6%26.3%36.2%37.9%23.0%42.8%-54.7%17.5K-214.7K-8850.17137.66N/AN/A1223,143103
2025-12-15$12.93$12.5094.2%27.0%36.3%39.3%0.0%27.2%-53.6%6.6K-178.8K-7700.00141.39N/AN/A003,155101
2025-12-16$13.03$12.5077.0%22.1%33.3%29.8%0.0%8.2%-33.0%5.3K-180.6K-7430.17135.26N/AN/A613,155101
2025-12-17$12.80$12.5038.7%11.1%33.9%8.7%0.0%10.7%-2.6%1.9K-152.4K-6980.00141.62N/AN/A2203,149101
2025-12-18$13.01$12.5075.1%21.5%33.3%28.8%24.1%63.5%24.4%37.4K-408.7K-8710.03131.59N/AN/A3313,171101
2025-12-19$12.75$12.5095.1%27.3%32.0%39.8%95.3%51.1%-38.5%3.6K-213.3K-6680.00139.81N/AN/A3503,181101
2025-12-22$16.69$10.0045.6%13.1%99.4%12.5%44.7%31.4%-6.3%4.3K-337.4K-6340.2370.45N/AN/A3929226344
2025-12-23$17.29$15.0046.2%13.2%99.6%12.9%46.7%7.7%5.5%5.9K-383.5K-7380.2483.17N/AN/A23557368158
2025-12-24$17.29$15.0042.7%12.2%99.8%11.0%43.7%27.6%10.7%8.6K-382.9K-8400.1096.92N/AN/A707495209
2025-12-26$17.05$15.0043.1%12.4%100.4%11.2%43.4%-0.1%7.5%7.3K-340.7K-7880.7089.44N/AN/A2719493212
2025-12-29$17.20$15.0044.5%12.8%99.6%12.0%47.7%14.2%-15.5%9.2K-372.5K-8200.00105.69N/AN/A1,9333517219
2025-12-30$17.69$15.0049.1%14.1%99.5%14.5%44.1%12.4%-0.4%58.4K-1.6M-6.3K0.11111.68N/AN/A6472,443220
2025-12-31$17.25$15.0041.6%11.9%100.7%10.4%0.0%14.6%5.9%59.6K-1.4M-5.8K0.00101.51N/AN/A1002,470226