LBRDA Options History — January 2018

In January 2018, LBRDA traded between $82.81 and $89.13. ATM implied volatility averaged 36.1%, placing in the 30.4% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 12.5% (HV 20d: 23.6%). Max pain ranged from $70.29 to $93.72. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 4.46.

Notable Days

  • 2018-01-02: Highest Volume — 408 contracts
  • 2018-01-23: Largest IV spike — 27.8% change
  • 2018-01-23: Highest IV Rank — 38.5%
  • 2018-01-23: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$85.88$82.81$89.13$82.81$88.68
Max Pain$72.52$70.29$93.72$93.72$70.29
ATM IV36.1%30.2%41.4%34.3%35.3%
Expected Move10.2%8.6%11.9%9.8%10.1%
HV 20d23.6%13.7%28.9%28.6%13.7%
HV 60d27.7%22.9%29.7%29.4%22.9%
IV Rank30.4%21.2%38.5%27.6%29.0%
IV Percentile80.9%56.3%92.9%79.4%76.6%
Term Structure-3.1%-10.1%4.4%-8.9%-2.8%
VWIV35.7%26.2%42.3%37.3%38.0%
Skew 25d1.8%-15.9%11.3%8.1%-1.6%
Skew 10d6.6%-16.2%13.7%10.7%13.7%
Call IV 25d39.4%32.2%55.3%40.9%52.4%
Put IV 25d41.3%33.2%53.3%49.0%50.8%
Bid-Ask Spread %106.5382.47127.36108.45120.97
Gamma HHI0.270.190.530.220.20
Net GEX-5.2K-20.5K50.7K-19.8K-20.3K
Net DEX866.1K-541.9K1.6M1.4M220.8K
Net VEX-2.9K-4.6K-1.9K-4.6K-1.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.461.877.291.877.29
Total Volume266.571124408408124
Total OI487.81150698693171

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-01-02$82.81$93.7234.3%9.8%28.6%27.6%37.3%8.1%-8.9%-19.8K1.4M-4.6K1.87108.45142266277416
2018-01-03$83.88$93.7235.4%10.1%28.9%29.3%38.5%-2.0%-0.7%-17.7K1.3M-4.5K2.44107.63109266282416
2018-01-04$82.94$70.2938.9%10.4%28.8%34.7%40.6%5.1%-0.8%-13.4K1.5M-4.3K2.27107.13110250282416
2018-01-05$83.25$70.2938.7%10.4%26.6%34.4%41.1%9.2%-4.3%-9.5K1.5M-4.2K2.27104.95110250274421
2018-01-08$84.06$70.2941.3%9.8%26.7%38.3%36.9%-0.3%-1.8%-10.1K1.4M-4.0K2.2782.47110250274421
2018-01-09$83.69$70.2937.8%10.2%26.4%33.0%36.8%1.5%-2.5%-1.9K1.4M-3.8K2.2793.87110250274421
2018-01-10$83.25$70.2935.6%10.2%25.7%29.6%35.8%0.3%-6.0%24.1K1.6M-3.4K2.2799.43110250274421
2018-01-11$84.38$70.2934.1%9.8%25.6%27.2%27.1%-2.6%-2.6%17.1K1.5M-3.3K2.27119.58110250274421
2018-01-12$84.66$70.2937.7%10.8%25.6%32.8%32.1%1.0%-4.8%50.7K1.5M-3.2K2.27103.00110250274421
2018-01-16$83.90$70.2935.9%10.3%25.9%30.0%31.0%-1.6%-5.0%43.5K1.5M-2.8K2.27102.88110250274421
2018-01-17$85.11$70.2937.7%10.8%25.5%32.8%39.5%7.3%-5.2%6.6K1.2M-2.8K5.20107.3048250274421
2018-01-18$86.44$70.2932.4%9.3%25.8%24.6%29.7%2.4%0.6%-4.1K1.0M-2.5K5.09107.0849250275420
2018-01-19$87.17$70.2930.2%8.6%23.8%21.2%35.6%11.3%-3.3%-18.8K-541.9K-2.0K2.60127.3696250276277
2018-01-22$87.92$70.2932.4%9.3%22.8%24.6%26.2%4.8%-1.8%-17.7K235.6K-1.9K7.2989.041510911139
2018-01-23$87.98$70.2941.4%11.9%20.0%38.5%33.1%2.0%-10.1%-20.5K258.8K-2.1K7.2996.021510911160
2018-01-24$89.13$70.2933.5%9.6%20.1%26.3%32.6%1.5%-2.5%-19.5K238.6K-2.0K7.29115.071510911160
2018-01-25$88.79$70.2935.0%10.0%20.3%28.7%34.3%4.3%-1.7%-20.0K228.9K-1.9K7.2997.581510911160
2018-01-26$88.95$70.2937.8%10.8%18.3%32.9%40.5%-15.9%-4.7%-18.5K260.5K-2.1K7.29121.501510911160
2018-01-29$87.96$70.2936.5%10.5%18.7%31.0%42.3%1.3%4.4%-19.4K281.5K-2.1K7.29106.991510911160
2018-01-30$88.44$70.2936.8%10.6%18.6%31.4%41.4%2.3%-0.4%-20.1K244.4K-1.9K7.29118.921510911160
2018-01-31$88.68$70.2935.3%10.1%13.7%29.0%38.0%-1.6%-2.8%-20.3K220.8K-1.9K7.29120.971510911160