LBRDA Options History — July 2018

In July 2018, LBRDA traded between $68.88 and $74.71. ATM implied volatility averaged 29.8%, placing in the 19.3% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 9.0% (HV 20d: 20.8%). Max pain ranged from $65.60 to $74.98. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 3.48.

Notable Days

2018-07-17: Highest Volume — 206 contracts
2018-07-27: Largest IV spike — 58.9% change
2018-07-13: Highest IV Rank — 32.9%
2018-07-13: Largest Expected Move — 11.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$72.60	$68.88	$74.71	$70.38	$74.38
Max Pain	$66.50	$65.60	$74.98	$74.98	$65.60
ATM IV	29.8%	21.8%	38.5%	24.2%	24.1%
Expected Move	8.7%	6.2%	11.0%	6.9%	6.9%
HV 20d	20.8%	17.8%	26.5%	20.8%	26.5%
HV 60d	33.2%	19.7%	38.6%	38.0%	21.7%
IV Rank	19.3%	6.8%	32.9%	10.6%	10.5%
IV Percentile	36.0%	3.6%	82.9%	6.7%	4.4%
Term Structure	0.5%	-8.2%	8.5%	5.9%	3.7%
VWIV	32.5%	21.8%	42.9%	22.2%	22.7%
Skew 25d	1.6%	-6.8%	10.4%	10.4%	-6.8%
Skew 10d	3.1%	-7.2%	18.7%	12.8%	-7.2%
Call IV 25d	33.0%	26.3%	38.8%	26.3%	35.0%
Put IV 25d	34.5%	28.2%	45.1%	36.7%	28.2%
Bid-Ask Spread %	100.59	73.02	127.23	113.72	127.23
Gamma HHI	0.48	0.19	0.82	0.43	0.19
Net GEX	-54.1K	-119.8K	-2.3K	-51.5K	-2.3K
Net DEX	449.5K	27.7K	956.5K	956.5K	27.7K
Net VEX	-1.9K	-2.4K	-1.4K	-2.2K	-1.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.48	1.55	4.68	4.52	1.66
Total Volume	162.762	84	206	194	99
Total OI	251.714	134	313	302	134

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
2018-07-02	$70.38	$74.98	24.2%	6.9%	20.8%	10.6%	22.2%	10.4%	5.9%	-51.5K	956.5K	-2.2K	4.52	113.72	35	159	58	244
2018-07-03	$71.93	$74.98	30.1%	8.6%	21.7%	19.8%	21.8%	1.3%	1.9%	-53.1K	741.4K	-2.4K	4.55	124.25	35	160	59	244
2018-07-05	$71.89	$65.60	29.5%	8.8%	20.0%	18.9%	35.8%	0.9%	0.7%	-54.3K	770.8K	-2.4K	4.55	100.72	35	160	59	245
2018-07-06	$73.65	$65.60	26.0%	8.4%	21.2%	13.4%	30.5%	2.2%	4.0%	-73.7K	561.9K	-2.4K	4.55	91.32	35	160	59	245
2018-07-09	$74.71	$65.60	26.8%	8.8%	21.5%	14.6%	34.3%	-0.8%	-4.2%	-84.7K	449.6K	-2.2K	4.58	73.02	35	161	59	245
2018-07-10	$74.33	$65.60	27.2%	9.4%	21.4%	15.4%	33.3%	1.1%	-1.2%	-86.0K	489.4K	-2.2K	4.58	81.58	35	161	59	245
2018-07-11	$73.70	$65.60	30.7%	8.8%	21.5%	20.8%	32.2%	7.6%	-0.4%	-83.1K	551.2K	-2.1K	4.05	88.75	41	164	59	245
2018-07-12	$74.18	$65.60	25.3%	7.2%	21.2%	12.3%	28.5%	-0.4%	-0.9%	-89.1K	491.4K	-2.1K	4.05	100.34	41	164	64	248
2018-07-13	$73.95	$65.60	38.5%	11.0%	19.4%	32.9%	38.7%	3.3%	-6.2%	-97.5K	523.4K	-2.1K	4.05	101.43	41	164	64	248
2018-07-16	$74.05	$65.60	31.7%	9.1%	19.4%	22.3%	31.9%	-1.0%	-5.5%	-107.7K	535.1K	-1.9K	4.05	88.74	41	164	64	248
2018-07-17	$74.27	$65.60	31.4%	9.0%	19.1%	21.9%	33.3%	-0.8%	-0.0%	-119.8K	483.6K	-1.9K	4.68	90.93	36	170	64	248
2018-07-18	$73.73	$65.60	38.1%	10.9%	19.2%	32.3%	38.4%	1.8%	-8.2%	-109.9K	598.2K	-1.8K	4.68	103.20	36	170	65	248
2018-07-19	$72.97	$65.60	30.7%	8.8%	19.7%	20.8%	33.7%	2.9%	-0.7%	-88.5K	713.0K	-1.7K	4.68	101.68	36	170	65	248
2018-07-20	$72.40	$65.60	30.6%	8.8%	19.6%	20.6%	31.6%	-0.6%	0.9%	-3.9K	832.2K	-1.5K	4.68	82.66	36	170	65	248
2018-07-23	$71.36	$65.60	31.1%	8.9%	17.8%	21.4%	32.5%	-1.6%	1.5%	-5.4K	96.3K	-1.5K	1.55	92.80	33	51	50	85
2018-07-24	$70.79	$65.60	37.4%	10.7%	17.9%	31.2%	36.7%	4.8%	-1.8%	-3.9K	102.7K	-1.6K	1.55	115.96	33	51	50	85
2018-07-25	$68.88	$65.60	28.5%	8.2%	19.8%	17.4%	37.3%	2.1%	1.1%	-7.0K	159.1K	-1.4K	1.55	89.05	33	51	50	85
2018-07-26	$71.04	$65.60	21.8%	6.2%	22.4%	6.8%	31.8%	1.3%	7.6%	-6.2K	120.8K	-1.5K	1.55	116.43	33	51	49	96
2018-07-27	$70.41	$65.60	34.5%	9.9%	22.5%	26.8%	42.9%	6.3%	3.9%	-4.2K	129.5K	-1.7K	1.55	122.20	33	51	49	96
2018-07-30	$71.56	$65.60	26.6%	7.6%	23.3%	14.4%	32.7%	-0.9%	8.5%	-4.9K	105.8K	-1.5K	1.55	106.43	33	51	49	96
2018-07-31	$74.38	$65.60	24.1%	6.9%	26.5%	10.5%	22.7%	-6.8%	3.7%	-2.3K	27.7K	-1.4K	1.66	127.23	37	62	49	85