LBRDA Options History — March 2015

In March 2015, LBRDA traded between $48.88 and $52.90. ATM implied volatility averaged 23.9%. The 30-day expected move averaged 6.9%. IV traded below realized volatility by 1.2% (HV 20d: 25.1%). Max pain ranged from $42.17 to $65.60. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.60.

Notable Days

  • 2015-03-31: Highest Volume — 605 contracts
  • 2015-03-09: Largest IV spike — 46.4% change
  • 2015-03-31: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.59$48.88$52.90$49.60$52.90
Max Pain$53.46$42.17$65.60$42.17$51.55
ATM IV23.9%19.2%29.8%23.0%29.1%
Expected Move6.9%6.1%8.3%6.6%8.3%
HV 20d25.1%18.4%30.8%27.6%30.8%
HV 60d28.6%27.8%30.1%27.8%30.1%
Term Structure0.6%-1.4%5.2%0.5%-0.2%
VWIV23.2%18.6%30.5%18.6%30.5%
Skew 25d2.3%-7.2%6.6%2.1%3.9%
Skew 10d6.7%-0.2%15.2%4.2%11.4%
Call IV 25d22.8%18.7%28.3%23.2%28.3%
Put IV 25d25.1%14.6%32.2%25.4%32.2%
Bid-Ask Spread %89.8371.60102.1383.3486.17
Gamma HHI0.400.310.550.420.37
Net GEX13.1K-35.4K40.5K19.6K32.6K
Net DEX77.1K-553.0K451.8K91.7K-130.0K
Net VEX-4.1K-5.0K-3.6K-4.0K-3.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.001.201.200.90
Total Volume198.3640605431605
Total OI1,114.4099881,3249881,062

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-03-02$49.60$42.1723.0%6.6%27.6%0.0%18.6%2.1%0.5%19.6K91.7K-4.0K1.2083.34196235568420
2015-03-03$50.24$42.1723.2%6.7%27.5%0.0%19.8%3.9%-0.1%19.0K-8.1K-3.9K0.9283.38254235568420
2015-03-04$49.63$42.1722.7%6.5%25.6%0.0%18.6%1.8%-0.2%22.3K59.0K-4.1K0.9286.50254235582420
2015-03-05$49.48$65.6019.2%6.1%23.7%0.0%23.2%4.0%5.2%24.0K52.1K-3.9K0.9290.68254235582420
2015-03-06$48.88$65.6020.3%7.1%18.4%0.0%23.2%2.4%1.2%25.1K151.9K-4.0K0.9285.61254235582420
2015-03-09$50.38$65.6029.8%7.5%19.6%0.0%0.0%5.9%-1.4%20.7K-34.8K-3.9K0.0096.06420582420
2015-03-10$49.38$65.6021.0%6.6%20.7%0.0%0.0%-7.2%1.6%31.9K77.1K-4.1K0.00102.1300617420
2015-03-11$49.62$65.6023.2%6.7%20.6%0.0%23.1%2.6%1.6%33.7K37.3K-4.0K0.0092.79320617420
2015-03-12$52.05$51.5526.1%7.5%25.3%0.0%25.3%2.3%-1.0%40.5K-553.0K-3.8K0.8984.27170152649420
2015-03-13$51.80$51.5524.7%7.1%25.3%0.0%0.0%1.7%0.3%-10.2K-267.0K-5.0K0.0086.1100752572
2015-03-16$51.88$51.5524.6%7.1%25.0%0.0%0.0%2.4%0.1%-22.7K-290.8K-4.7K0.0089.4500752572
2015-03-17$51.24$51.5523.5%6.7%25.6%0.0%0.0%0.4%1.5%-25.6K-49.0K-4.5K0.0083.4800752572
2015-03-18$51.13$51.5523.7%6.8%25.6%0.0%0.0%3.7%1.0%-35.1K47.3K-4.6K0.0092.3900752572
2015-03-19$50.85$51.5524.6%7.1%25.8%0.0%0.0%1.6%0.1%-35.4K151.9K-4.3K0.0089.4210752572
2015-03-20$50.75$51.5523.6%6.8%25.9%0.0%0.0%-3.8%0.5%23.1K451.8K-4.1K0.0099.6103752572
2015-03-23$50.52$51.5523.9%6.8%26.0%0.0%23.9%5.0%-0.1%21.9K329.8K-4.0K0.0094.1230619448
2015-03-24$51.31$51.5522.8%6.5%26.4%0.0%22.8%6.6%2.2%28.6K140.4K-3.8K0.0095.21140621448
2015-03-25$50.42$51.5524.0%6.9%26.4%0.0%0.0%5.1%0.0%18.8K335.8K-3.8K0.0095.2700614448
2015-03-26$49.97$51.5523.8%6.8%26.5%0.0%25.3%0.1%0.2%18.0K402.3K-3.7K0.8471.60260220614448
2015-03-27$50.58$51.5524.8%7.1%26.7%0.0%0.0%2.7%-0.4%18.8K353.2K-3.7K0.0096.2403614448
2015-03-30$50.40$51.5523.9%6.9%26.1%0.0%23.6%3.4%0.2%18.7K348.2K-3.6K0.8292.38260212614448
2015-03-31$52.90$51.5529.1%8.3%30.8%0.0%30.5%3.9%-0.2%32.6K-130.0K-3.8K0.9086.17318287614448