LBRDA Options History — December 2018

In December 2018, LBRDA traded between $65.06 and $78.78. ATM implied volatility averaged 32.9%, placing in the 30.4% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 4.1% (HV 20d: 28.8%). Max pain ranged from $74.98 to $79.66. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2018-12-24: Highest Volume — 13 contracts
2018-12-26: Largest IV spike — 48.4% change
2018-12-26: Highest IV Rank — 61.8%
2018-12-26: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$72.19	$65.06	$78.78	$78.78	$67.04
Max Pain	$75.68	$74.98	$79.66	$79.66	$74.98
ATM IV	32.9%	23.4%	46.1%	28.4%	23.4%
Expected Move	9.1%	6.7%	12.6%	8.1%	6.7%
HV 20d	28.8%	22.8%	32.8%	31.3%	22.8%
HV 60d	31.5%	30.7%	32.7%	31.0%	32.6%
IV Rank	30.4%	13.8%	61.8%	17.2%	13.8%
IV Percentile	53.1%	6.0%	96.8%	28.6%	6.0%
Term Structure	0.7%	-10.6%	14.8%	-2.0%	14.8%
VWIV	29.5%	21.9%	34.9%	32.8%	21.9%
Skew 25d	1.8%	-7.2%	16.1%	6.0%	2.9%
Skew 10d	6.0%	-9.6%	30.5%	-2.3%	-9.6%
Call IV 25d	33.8%	23.3%	53.4%	29.8%	23.3%
Put IV 25d	35.6%	23.4%	51.8%	35.8%	26.1%
Bid-Ask Spread %	118.49	92.90	134.22	115.44	131.18
Gamma HHI	0.26	0.22	0.32	0.27	0.32
Net GEX	1.1K	-4.5K	5.6K	5.6K	-4.0K
Net DEX	-14.5K	-119.2K	91.0K	-119.2K	91.0K
Net VEX	-511	-577	-400	-532	-400
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	3.05	0	13	1	0
Total OI	94.15	89	98	94	91

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Vol	Put Vol	Call OI	Put OI
2018-12-03	$78.78	$79.66	28.4%	8.1%	31.3%	17.2%	0.0%	6.0%	-2.0%	5.6K	-119.2K	-532	115.44	1	0	31	63
2018-12-04	$77.18	$79.66	30.2%	8.7%	31.8%	20.0%	0.0%	4.2%	2.9%	5.3K	-100.8K	-546	122.03	1	0	32	63
2018-12-05	$77.13	$79.66	31.3%	9.0%	31.7%	21.6%	0.0%	4.6%	1.9%	4.7K	-104.5K	-541	134.22	1	0	32	63
2018-12-06	$77.26	$74.98	42.1%	9.8%	31.0%	38.6%	0.0%	-0.4%	-2.6%	3.7K	-94.9K	-566	118.93	0	0	32	63
2018-12-07	$76.64	$74.98	43.4%	9.8%	30.7%	40.6%	0.0%	2.4%	-3.3%	3.8K	-94.2K	-564	116.50	1	0	32	63
2018-12-10	$75.23	$74.98	46.1%	10.0%	31.3%	44.8%	0.0%	-4.0%	-4.8%	3.5K	-64.0K	-547	117.88	0	0	32	63
2018-12-11	$74.54	$74.98	32.4%	10.1%	31.4%	23.4%	0.0%	0.0%	-3.4%	3.5K	-62.0K	-552	116.58	0	0	32	63
2018-12-12	$75.87	$74.98	30.9%	8.9%	32.1%	21.1%	0.0%	2.5%	0.4%	4.7K	-74.1K	-526	92.90	0	0	32	63
2018-12-13	$74.37	$74.98	31.6%	9.1%	32.8%	33.0%	0.0%	-3.9%	-5.3%	2.9K	-49.3K	-577	111.65	0	0	32	63
2018-12-14	$73.43	$74.98	28.0%	8.0%	32.8%	24.5%	0.0%	-2.4%	4.2%	2.9K	-44.4K	-508	109.44	0	0	32	63
2018-12-17	$72.86	$74.98	32.8%	9.4%	30.5%	35.8%	32.8%	1.7%	-1.9%	2.3K	-36.7K	-510	112.43	0	2	32	63
2018-12-18	$72.19	$74.98	32.4%	9.3%	29.0%	34.9%	28.1%	-0.8%	4.4%	1.0K	-2.6K	-487	118.89	0	3	32	63
2018-12-19	$70.37	$74.98	33.1%	9.5%	24.6%	36.4%	25.1%	3.7%	-3.8%	-564	14.6K	-488	127.16	0	3	32	64
2018-12-20	$68.46	$74.98	35.1%	10.1%	26.3%	41.1%	28.0%	5.9%	-10.6%	-2.8K	45.7K	-553	121.81	0	3	32	65
2018-12-21	$66.98	$74.98	25.3%	7.2%	26.1%	18.3%	34.9%	-7.2%	8.5%	-2.3K	75.6K	-425	116.38	0	3	32	66
2018-12-24	$65.06	$74.98	29.6%	8.5%	26.2%	28.4%	32.7%	-1.6%	8.5%	-4.5K	82.6K	-548	120.87	0	13	23	66
2018-12-26	$66.60	$74.98	44.0%	12.6%	27.1%	61.8%	30.1%	16.1%	-10.2%	-2.0K	81.7K	-470	120.29	0	10	23	68
2018-12-27	$66.70	$74.98	33.4%	9.6%	23.5%	37.2%	31.7%	3.9%	5.6%	-2.1K	80.3K	-456	118.34	0	10	23	68
2018-12-28	$67.12	$74.98	24.4%	7.0%	22.8%	16.2%	21.9%	2.0%	10.1%	-3.6K	85.1K	-418	126.78	0	10	23	68
2018-12-31	$67.04	$74.98	23.4%	6.7%	22.8%	13.8%	0.0%	2.9%	14.8%	-4.0K	91.0K	-400	131.18	0	0	23	68