ADEA Options History — February 2026

In February 2026, ADEA traded between $17.29 and $20.95. ATM implied volatility averaged 57.1%, placing in the 18.9% IV rank vs the trailing year. The 30-day expected move averaged 15.5%. IV traded above realized volatility by 10.7% (HV 20d: 46.3%). Max pain ranged from $12.50 to $17.50. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.80.

Notable Days

  • 2026-02-23: Highest Volume — 901 contracts
  • 2026-02-12: Largest IV spike — 35.8% change
  • 2026-02-05: Highest IV Rank — 30.9%
  • 2026-02-04: Largest Expected Move — 22.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.91$17.29$20.95$18.83$20.75
Max Pain$16.71$12.50$17.50$17.50$17.50
ATM IV57.1%34.7%78.9%50.8%42.3%
Expected Move15.5%10.0%22.3%14.6%12.1%
HV 20d46.3%39.3%50.7%39.3%50.0%
HV 60d67.7%66.7%68.9%67.5%67.9%
IV Rank18.9%6.6%30.9%15.4%10.7%
IV Percentile56.2%8.7%84.5%47.6%27.8%
Term Structure4.7%-26.7%39.8%-1.0%11.6%
VWIV58.0%41.1%70.7%46.2%45.4%
Skew 25d15.5%-11.1%35.1%-4.7%-7.1%
Skew 10d20.9%-41.8%74.7%31.1%13.8%
Call IV 25d54.5%41.7%76.4%50.9%53.0%
Put IV 25d70.0%38.9%103.5%46.2%45.9%
Bid-Ask Spread %106.7881.43130.04124.03102.27
Gamma HHI0.580.510.680.520.61
Net GEX-51.1K-187.4K119.3K-73.0K119.3K
Net DEX-650.4K-3.4M2.0M-469.8K-3.4M
Net VEX-8.7K-11.0K-5.3K-10.8K-7.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.004.000.004.00
Total Volume157.57909015115
Total OI6,021.1582,5777,3226,5863,546

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$18.83$17.5050.8%14.6%39.3%15.4%46.2%-4.7%-1.0%-73.0K-469.8K-10.8K0.00124.03N/AN/A5102,4594,127
2026-02-03$17.55$17.5066.0%18.9%41.0%23.8%60.4%25.4%-26.7%-108.8K1.1M-11.0K0.11113.45N/AN/A912,5124,127
2026-02-04$17.48$17.5077.8%22.3%41.0%30.3%68.7%34.1%-20.8%-94.5K1.8M-10.8K0.00130.04N/AN/A4202,5164,126
2026-02-05$17.29$12.5078.9%13.3%40.8%30.9%0.0%22.0%23.6%-95.0K2.0M-10.5K0.00116.80N/AN/A002,5524,126
2026-02-06$18.20$12.5076.6%17.1%44.8%29.6%62.4%21.0%13.1%-113.1K740.5K-10.9K0.78107.98N/AN/A972,5524,125
2026-02-09$19.16$12.5056.7%14.5%46.8%18.7%55.6%7.4%4.6%-52.4K-1.3M-8.2K1.0896.27N/AN/A2793012,5524,131
2026-02-10$19.28$17.5046.9%13.1%46.5%13.3%53.9%5.6%8.8%-62.5K-1.1M-10.2K0.00101.06N/AN/A2102,7844,521
2026-02-11$18.96$17.5046.7%13.4%46.9%13.2%64.9%21.3%-1.4%-125.7K-384.9K-10.2K0.00110.28N/AN/A0162,7704,521
2026-02-12$18.38$17.5063.5%18.2%48.2%22.4%62.8%27.4%-3.0%-132.0K724.4K-10.4K3.41100.03N/AN/A22752,7704,537
2026-02-13$18.82$17.5051.5%14.8%48.4%15.8%59.6%26.7%1.9%-130.4K-472.0K-9.4K0.08111.03N/AN/A1312,7724,537
2026-02-17$18.77$17.5054.1%15.5%48.2%17.2%61.6%29.8%-4.0%-123.8K-98.3K-8.2K0.08105.51N/AN/A1312,7734,536
2026-02-18$18.59$17.5069.0%19.8%48.1%25.4%64.5%35.1%7.6%-187.4K-300.5K-7.5K0.05112.81N/AN/A4422,7764,536
2026-02-19$18.47$17.5066.4%19.0%45.9%24.0%70.7%29.1%-0.9%-186.3K243.4K-6.8K0.90110.09N/AN/A1092,7764,538
2026-02-20$18.91$17.5052.4%15.0%46.9%16.3%61.6%-4.3%3.2%53.4K-1.6M-5.6K0.19103.74N/AN/A90172,7764,546
2026-02-23$18.63$17.5068.0%19.5%46.4%24.9%58.6%30.9%6.1%51.6K-1.5M-5.3K0.0194.12N/AN/A89382,065512
2026-02-24$19.70$17.5043.6%12.5%50.0%11.5%55.8%14.3%39.8%95.5K-2.2M-7.3K2.3281.43N/AN/A1804172,732530
2026-02-25$20.59$17.5034.7%10.0%50.6%6.6%41.1%-8.4%39.2%95.0K-2.9M-7.1K0.10105.02N/AN/A202202,751540
2026-02-26$20.95$17.5038.3%11.0%50.7%8.6%49.3%-11.1%-12.5%98.9K-3.2M-7.6K0.56102.82N/AN/A145812,814538
2026-02-27$20.75$17.5042.3%12.1%50.0%10.7%45.4%-7.1%11.6%119.3K-3.4M-7.9K4.00102.27N/AN/A3122,947599