LBRDA Options History — October 2016

In October 2016, LBRDA traded between $59.09 and $65.43. ATM implied volatility averaged 27.8%, placing in the 12.8% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 9.7% (HV 20d: 18.1%). Max pain ranged from $51.55 to $65.60. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 5.06.

Notable Days

2016-10-21: Highest Volume — 262 contracts
2016-10-07: Largest IV spike — 72.4% change
2016-10-10: Highest IV Rank — 23.4%
2016-10-26: Largest Expected Move — 10.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$62.68	$59.09	$65.43	$65.34	$60.57
Max Pain	$57.79	$51.55	$65.60	$51.55	$56.23
ATM IV	27.8%	17.3%	39.3%	21.4%	34.5%
Expected Move	7.5%	5.0%	10.8%	6.1%	9.9%
HV 20d	18.1%	14.7%	20.5%	19.4%	20.5%
HV 60d	21.4%	20.1%	22.9%	20.1%	22.6%
IV Rank	12.8%	3.1%	23.4%	6.9%	19.0%
IV Percentile	26.4%	0.8%	59.1%	5.2%	48.4%
Term Structure	-1.8%	-25.9%	11.1%	-3.8%	-7.7%
VWIV	33.2%	16.2%	62.3%	16.8%	36.3%
Skew 25d	-3.8%	-38.1%	13.8%	0.4%	6.5%
Skew 10d	-5.6%	-43.3%	15.9%	2.0%	9.6%
Call IV 25d	38.4%	22.0%	62.1%	42.9%	33.1%
Put IV 25d	34.5%	20.6%	56.3%	43.3%	39.6%
Bid-Ask Spread %	115.90	81.19	132.90	120.06	94.60
Gamma HHI	0.35	0.25	0.46	0.42	0.32
Net GEX	-7.7K	-15.7K	-533	-4.1K	-10.9K
Net DEX	69.3K	-60.5K	278.5K	-13.3K	199.1K
Net VEX	-1.4K	-1.9K	-1.0K	-1.2K	-1.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.06	2.70	6.94	4.68	2.70
Total Volume	200.095	116	262	224	118
Total OI	220.333	149	270	228	171

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 Vol	Put Vol	Call OI	Put OI
2016-10-03	$65.34	$51.55	21.4%	6.1%	19.4%	6.9%	16.8%	0.4%	-3.8%	-4.1K	-13.3K	-1.2K	4.68	120.06	39	185	31	197
2016-10-04	$65.43	$51.55	19.0%	5.4%	19.3%	4.7%	18.3%	-1.7%	-0.9%	-2.2K	-51.0K	-1.0K	4.68	126.16	39	185	36	197
2016-10-05	$65.16	$51.55	17.3%	5.0%	19.0%	3.1%	23.2%	4.5%	-7.4%	-2.8K	-32.3K	-1.2K	4.94	127.94	37	185	36	197
2016-10-06	$65.13	$65.60	21.5%	5.7%	17.1%	7.0%	21.8%	12.7%	1.0%	-533	-60.5K	-1.2K	4.94	120.84	37	185	41	197
2016-10-07	$64.68	$65.60	37.1%	5.8%	16.1%	21.3%	16.2%	6.0%	8.4%	-1.5K	-41.1K	-1.2K	4.94	127.32	37	185	41	197
2016-10-10	$65.20	$65.60	39.3%	7.1%	14.7%	23.4%	24.8%	0.8%	-2.7%	-1.6K	-48.5K	-1.2K	4.94	81.19	37	185	41	197
2016-10-11	$62.83	$65.60	29.9%	8.3%	19.1%	14.8%	27.5%	-8.0%	1.8%	-11.2K	118.9K	-1.6K	4.94	111.85	37	185	41	197
2016-10-12	$62.61	$65.60	18.4%	5.3%	19.1%	4.1%	33.1%	4.0%	11.1%	-3.3K	-8.4K	-1.1K	5.23	127.15	37	195	41	197
2016-10-13	$61.88	$56.23	25.7%	7.4%	19.0%	10.9%	38.1%	-21.1%	1.0%	-15.7K	64.8K	-1.3K	5.23	93.06	37	195	41	208
2016-10-14	$62.54	$56.23	32.1%	9.2%	19.3%	16.8%	47.6%	13.8%	-6.0%	-5.7K	23.4K	-1.2K	5.23	122.91	37	195	41	208
2016-10-17	$62.36	$56.23	29.3%	8.4%	19.3%	14.2%	30.0%	3.6%	-5.6%	-9.8K	62.4K	-1.3K	5.55	86.55	35	195	41	208
2016-10-18	$62.64	$56.23	31.9%	9.1%	19.5%	16.5%	31.0%	10.9%	-5.7%	-4.5K	23.8K	-1.2K	6.15	110.75	35	217	41	208
2016-10-19	$62.48	$56.23	25.8%	7.4%	16.7%	11.0%	27.6%	4.7%	-4.2%	-9.1K	66.8K	-1.5K	6.48	123.12	33	214	41	229
2016-10-20	$62.39	$56.23	24.6%	7.0%	16.2%	9.9%	55.9%	-8.7%	1.9%	-7.5K	50.2K	-1.4K	6.48	123.76	33	214	41	229
2016-10-21	$61.72	$56.23	31.8%	9.1%	16.4%	16.5%	62.3%	5.2%	-2.3%	-8.4K	73.1K	-1.5K	6.94	124.11	33	229	41	229
2016-10-24	$62.20	$56.23	23.3%	6.7%	16.9%	8.7%	37.8%	-21.1%	6.5%	-10.8K	127.5K	-1.6K	5.00	123.61	20	101	32	117
2016-10-25	$61.87	$56.23	23.3%	6.7%	16.4%	8.7%	38.2%	-21.7%	6.7%	-11.0K	149.4K	-1.7K	5.00	132.90	20	101	32	117
2016-10-26	$60.11	$56.23	37.8%	10.8%	18.3%	22.0%	36.2%	-38.1%	-25.9%	-11.9K	213.0K	-1.7K	4.74	120.63	20	96	32	117
2016-10-27	$59.09	$56.23	26.3%	7.5%	18.5%	11.4%	36.4%	-14.8%	-3.0%	-14.9K	278.5K	-1.8K	4.74	124.50	20	96	32	128
2016-10-28	$59.97	$56.23	33.3%	9.5%	19.8%	17.8%	37.4%	-18.1%	-1.6%	-13.3K	260.7K	-1.9K	2.70	110.91	32	86	31	128
2016-10-31	$60.57	$56.23	34.5%	9.9%	20.5%	19.0%	36.3%	6.5%	-7.7%	-10.9K	199.1K	-1.8K	2.70	94.60	32	86	43	128