LBRDA Options History — January 2019

In January 2019, LBRDA traded between $67.85 and $79.37. ATM implied volatility averaged 35.1%, placing in the 41.0% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 9.5% (HV 20d: 25.5%). Max pain ranged from $65.60 to $74.98. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.02.

Notable Days

2019-01-11: Highest Volume — 6 contracts
2019-01-08: Largest IV spike — 52.7% change
2019-01-31: Highest IV Rank — 58.8%
2019-01-29: Largest Expected Move — 11.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$70.68	$67.85	$79.37	$67.85	$79.37
Max Pain	$70.57	$65.60	$74.98	$74.98	$70.29
ATM IV	35.1%	23.8%	42.7%	29.5%	42.7%
Expected Move	9.9%	8.0%	11.4%	8.5%	9.2%
HV 20d	25.5%	18.9%	45.0%	23.9%	45.0%
HV 60d	31.2%	26.0%	35.4%	32.6%	35.4%
IV Rank	41.0%	14.9%	58.8%	28.1%	58.8%
IV Percentile	71.6%	7.9%	94.0%	34.1%	94.0%
Term Structure	-2.4%	-5.9%	3.1%	1.7%	-4.3%
VWIV	32.0%	26.4%	37.1%	33.2%	34.8%
Skew 25d	3.4%	-15.5%	13.1%	3.1%	3.2%
Skew 10d	7.1%	-3.3%	18.2%	7.1%	6.9%
Call IV 25d	31.0%	24.7%	51.2%	25.6%	32.3%
Put IV 25d	34.3%	25.6%	39.3%	28.7%	35.6%
Bid-Ask Spread %	117.89	81.29	140.58	131.61	109.20
Gamma HHI	0.37	0.28	0.50	0.30	0.33
Net GEX	-1.7K	-6.2K	1.2K	-3.9K	707
Net DEX	28.7K	-38.1K	83.9K	83.9K	-38.1K
Net VEX	-371	-469	-226	-412	-226
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.02	0.00	0.20	0.00	0.00
Total Volume	1.714	0	6	0	2
Total OI	71.238	33	98	91	33

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
2019-01-02	$67.85	$74.98	29.5%	8.5%	23.9%	28.1%	0.0%	3.1%	1.7%	-3.9K	83.9K	-412	0.00	131.61	0	0	23	68
2019-01-03	$68.68	$0.00	33.2%	8.9%	24.3%	36.8%	0.0%	3.7%	0.4%	-2.8K	65.4K	-429	0.00	81.29	0	1	23	68
2019-01-04	$71.18	$0.00	33.3%	8.0%	28.4%	37.0%	0.0%	1.2%	3.1%	-621	26.2K	-429	0.00	93.52	0	1	23	67
2019-01-07	$71.68	$0.00	23.8%	9.5%	28.6%	14.9%	33.2%	3.0%	-1.1%	-720	21.5K	-398	0.00	83.29	5	0	23	67
2019-01-08	$71.69	$74.98	36.4%	10.2%	28.6%	44.0%	37.1%	11.2%	-2.6%	1.2K	-2.0K	-469	0.00	103.90	5	0	29	67
2019-01-09	$71.49	$74.98	35.0%	10.0%	28.0%	40.8%	28.6%	10.7%	-3.5%	911	1.1K	-453	0.00	127.49	5	0	29	67
2019-01-10	$70.74	$74.98	33.8%	9.7%	28.1%	38.0%	26.4%	13.1%	-1.3%	-664	26.5K	-430	0.00	116.49	5	0	29	67
2019-01-11	$70.97	$74.98	30.7%	8.8%	27.1%	31.0%	33.1%	-7.3%	0.9%	-712	25.6K	-427	0.20	110.37	5	1	29	67
2019-01-14	$70.07	$65.60	32.5%	9.3%	26.7%	35.1%	0.0%	12.9%	-2.6%	-1.2K	32.5K	-406	0.00	122.40	0	0	29	68
2019-01-15	$70.24	$65.60	38.6%	11.1%	26.5%	49.3%	0.0%	3.5%	-5.5%	-3.5K	43.0K	-381	0.00	100.60	0	0	29	68
2019-01-16	$70.44	$65.60	35.8%	10.3%	26.5%	42.7%	0.0%	5.1%	-3.0%	-1.8K	33.4K	-380	0.00	130.49	0	0	29	68
2019-01-17	$70.72	$65.60	32.0%	9.2%	26.4%	33.9%	31.2%	2.1%	-0.9%	-6.2K	41.2K	-354	0.00	115.55	0	1	29	68
2019-01-18	$70.60	$70.29	34.8%	10.0%	24.7%	40.4%	34.8%	4.8%	-3.1%	-2.8K	23.9K	-347	0.00	133.56	0	1	29	69
2019-01-22	$68.84	$70.29	35.8%	10.3%	24.4%	42.7%	0.0%	-2.9%	-1.2%	-2.2K	39.2K	-336	0.00	108.82	1	0	11	22
2019-01-23	$68.73	$70.29	37.9%	10.9%	23.0%	47.7%	0.0%	-2.4%	-4.6%	-2.4K	38.1K	-324	0.00	121.98	1	0	11	22
2019-01-24	$69.36	$70.29	36.4%	10.4%	20.1%	44.2%	0.0%	9.0%	-5.0%	-2.2K	35.8K	-333	0.00	130.22	1	0	11	22
2019-01-25	$70.15	$70.29	36.2%	10.4%	18.9%	43.7%	0.0%	5.6%	-2.9%	-1.7K	27.6K	-324	0.00	139.09	1	0	11	22
2019-01-28	$70.58	$70.29	38.7%	11.1%	19.0%	49.4%	0.0%	4.1%	-3.3%	-1.9K	28.4K	-311	0.00	134.84	0	0	11	22
2019-01-29	$70.33	$70.29	39.8%	11.4%	19.1%	52.0%	0.0%	2.8%	-5.9%	-1.7K	25.9K	-313	0.00	140.47	0	0	11	22
2019-01-30	$70.58	$70.29	39.5%	11.3%	19.0%	51.2%	0.0%	-15.5%	-5.7%	-1.5K	23.8K	-309	0.00	140.58	0	0	11	22
2019-01-31	$79.37	$0.00	42.7%	9.2%	45.0%	58.8%	0.0%	3.2%	-4.3%	707	-38.1K	-226	0.00	109.20	2	0	11	22