LBRDA Options History — August 2018

In August 2018, LBRDA traded between $72.32 and $75.84. ATM implied volatility averaged 30.0%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 1.5% (HV 20d: 28.5%). Max pain ranged from $65.60 to $70.29. Net GEX was positive for 2 of 23 trading days. Term structure was in contango for 16 of 23 days. Put/call ratio averaged 1.77.

Notable Days

  • 2018-08-30: Highest Volume — 112 contracts
  • 2018-08-31: Largest IV spike — 52.7% change
  • 2018-08-09: Highest IV Rank — 38.8%
  • 2018-08-01: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$74.13$72.32$75.84$73.25$75.84
Max Pain$69.68$65.60$70.29$65.60$70.29
ATM IV30.0%20.6%42.3%35.6%33.3%
Expected Move7.7%5.8%10.2%10.2%9.6%
HV 20d28.5%26.1%31.5%26.2%26.1%
HV 60d23.4%21.8%25.1%21.9%24.5%
IV Rank19.7%5.0%38.8%28.4%24.9%
IV Percentile36.7%2.4%90.1%68.7%54.4%
Term Structure-1.1%-15.6%4.5%-15.6%-4.7%
VWIV28.9%21.4%41.9%41.9%27.7%
Skew 25d0.9%-11.0%16.7%2.8%-8.1%
Skew 10d2.4%-15.2%12.0%9.1%-2.7%
Call IV 25d28.3%20.5%37.1%37.1%36.6%
Put IV 25d29.2%21.1%41.1%39.9%28.5%
Bid-Ask Spread %111.7566.04142.97132.29134.90
Gamma HHI0.320.240.420.260.40
Net GEX-6.3K-12.3K2.1K-5.9K-11.7K
Net DEX63.1K2.4K136.2K70.7K32.7K
Net VEX-1.4K-1.6K-1.3K-1.5K-1.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.771.531.941.661.84
Total Volume104.879911299112
Total OI153.174149162149157

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-08-01$73.25$65.6035.6%10.2%26.2%28.4%41.9%2.8%-15.6%-5.9K70.7K-1.5K1.66132.2937625396
2018-08-02$72.38$65.6030.2%8.7%26.6%20.0%32.7%1.4%2.8%-5.0K99.5K-1.6K1.66101.5937625396
2018-08-03$74.19$65.6033.8%9.7%26.7%25.6%33.9%-1.8%-10.2%-5.7K49.4K-1.4K1.66103.5137625396
2018-08-06$73.81$70.2933.4%6.7%26.2%25.0%28.5%4.2%0.1%-5.7K55.3K-1.4K1.66115.5137625396
2018-08-07$73.45$70.2930.6%8.3%26.2%20.6%27.1%-2.5%0.4%-3.6K65.6K-1.5K1.6666.0437625396
2018-08-08$73.16$70.2941.2%6.4%26.1%37.2%26.0%4.9%1.9%-6.4K75.1K-1.4K1.66113.0337625396
2018-08-09$74.90$70.2942.3%5.8%27.4%38.8%23.2%1.2%3.5%-5.2K24.3K-1.3K1.53120.2741625396
2018-08-10$73.92$70.2936.3%8.7%27.8%29.5%28.3%-3.7%0.4%-1.3K25.4K-1.5K1.61105.6738625896
2018-08-13$74.17$70.2930.1%8.3%27.8%19.9%28.8%-0.7%1.3%2.1K40.8K-1.4K1.6176.7038625996
2018-08-14$75.05$70.2937.4%7.7%28.1%31.3%26.4%1.8%-2.7%1.5K2.4K-1.3K1.61111.3638625996
2018-08-15$72.72$70.2931.1%8.9%30.2%21.4%30.8%-2.6%-2.6%-1.9K62.8K-1.3K1.8183.3338695996
2018-08-16$74.16$70.2920.6%5.9%30.8%5.0%27.5%3.7%2.4%-3.6K50.8K-1.4K1.81117.26386959103
2018-08-17$73.98$70.2924.2%6.9%30.7%10.6%25.8%0.7%4.2%-8.6K78.5K-1.4K1.81114.30386959103
2018-08-20$73.46$70.2923.1%6.6%30.3%8.9%27.3%1.0%2.6%-9.4K99.2K-1.4K1.83107.39376848102
2018-08-21$75.60$70.2924.3%7.0%31.5%10.8%27.2%3.9%1.6%-7.7K42.3K-1.3K1.83104.17376848102
2018-08-22$74.87$70.2926.2%7.5%29.9%13.8%24.3%-11.0%0.3%-8.5K70.0K-1.4K1.9498.79377348102
2018-08-23$72.32$70.2926.7%7.7%31.1%14.5%28.3%-0.3%3.0%-12.3K136.2K-1.4K1.94101.21377348107
2018-08-24$73.65$70.2934.0%9.8%31.5%25.9%40.6%16.7%-8.1%-10.8K115.7K-1.4K1.94128.17377348107
2018-08-27$74.39$70.2923.4%6.7%31.2%9.4%26.8%4.8%2.0%-10.8K78.6K-1.3K1.94126.28377348107
2018-08-28$74.64$70.2927.8%8.0%28.0%16.2%37.8%5.2%-12.8%-9.5K74.1K-1.4K1.94141.56377348107
2018-08-29$75.68$70.2923.5%6.7%27.8%9.5%23.2%7.5%4.5%-6.1K51.9K-1.3K1.94123.88377348107
2018-08-30$75.47$70.2921.8%6.3%27.4%6.9%21.4%-8.6%0.9%-9.7K51.0K-1.3K1.84142.97397348107
2018-08-31$75.84$70.2933.3%9.6%26.1%24.9%27.7%-8.1%-4.7%-11.7K32.7K-1.3K1.84134.90397350107