LBRDA Options History — February 2019

In February 2019, LBRDA traded between $81.20 and $84.21. ATM implied volatility averaged 28.8%, placing in the 26.5% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 15.2% (HV 20d: 44.0%). Max pain ranged from $79.66 to $79.66. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 2.38.

Notable Days

2019-02-28: Highest Volume — 13 contracts
2019-02-27: Largest IV spike — 49.6% change
2019-02-04: Highest IV Rank — 62.7%
2019-02-01: Largest Expected Move — 9.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$82.88	$81.20	$84.21	$81.28	$83.55
Max Pain	$79.66	$79.66	$79.66	$79.66	$79.66
ATM IV	28.8%	20.5%	44.4%	38.0%	30.6%
Expected Move	7.9%	5.9%	9.3%	9.3%	8.8%
HV 20d	44.0%	43.0%	45.3%	45.3%	43.5%
HV 60d	34.2%	32.0%	35.6%	35.6%	32.0%
IV Rank	26.5%	7.1%	62.7%	47.8%	30.7%
IV Percentile	34.6%	2.4%	97.2%	86.9%	47.6%
Term Structure	-0.4%	-7.0%	5.0%	0.7%	-5.5%
VWIV	25.4%	22.7%	28.1%	22.7%	28.1%
Skew 25d	3.1%	-17.9%	19.0%	2.5%	2.8%
Skew 10d	7.4%	-13.5%	28.0%	11.0%	-2.9%
Call IV 25d	27.2%	17.3%	38.7%	31.7%	32.6%
Put IV 25d	30.3%	20.8%	43.0%	34.2%	35.4%
Bid-Ask Spread %	116.65	95.90	137.67	115.43	137.67
Gamma HHI	0.36	0.26	0.52	0.26	0.32
Net GEX	1.1K	454	1.9K	1.4K	1.0K
Net DEX	-53.1K	-82.9K	-25.3K	-58.5K	-33.9K
Net VEX	-146	-226	-107	-226	-126
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.38	0.00	11.00	0.00	11.00
Total Volume	1.579	0	13	2	13
Total OI	32.632	28	37	35	30

Daily Data (19 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
2019-02-01	$81.28	$0.00	38.0%	9.3%	45.3%	47.8%	0.0%	2.5%	0.7%	1.4K	-58.5K	-226	0.00	115.43	2	0	13	22
2019-02-04	$81.51	$0.00	44.4%	9.0%	44.2%	62.7%	0.0%	3.1%	2.8%	1.4K	-60.4K	-217	0.00	120.80	0	0	13	22
2019-02-05	$82.70	$0.00	37.8%	9.2%	44.3%	47.3%	0.0%	-1.0%	-4.4%	1.1K	-71.8K	-156	0.00	116.91	0	0	13	22
2019-02-06	$83.42	$0.00	27.2%	7.8%	44.2%	22.7%	0.0%	-0.1%	1.1%	1.1K	-79.0K	-151	0.00	99.21	0	0	13	22
2019-02-07	$83.27	$0.00	27.6%	7.9%	44.2%	23.6%	0.0%	2.1%	2.0%	1.1K	-74.2K	-170	0.00	109.95	0	0	13	22
2019-02-08	$82.73	$0.00	25.9%	7.4%	44.0%	19.8%	0.0%	19.0%	1.2%	1.9K	-78.0K	-112	0.00	112.02	0	0	13	22
2019-02-11	$81.20	$0.00	27.8%	8.0%	45.0%	24.1%	0.0%	-3.7%	-4.4%	1.6K	-66.4K	-171	1.00	111.59	1	1	13	22
2019-02-12	$81.76	$0.00	27.8%	8.0%	44.4%	24.2%	0.0%	0.5%	2.9%	1.5K	-71.0K	-159	1.00	126.12	1	1	14	23
2019-02-13	$81.42	$0.00	27.2%	7.8%	44.5%	22.6%	0.0%	-0.5%	1.3%	1.1K	-69.5K	-163	1.00	122.18	1	1	14	23
2019-02-14	$82.10	$0.00	26.5%	7.6%	44.5%	21.1%	0.0%	0.9%	1.6%	1.1K	-71.8K	-153	1.00	95.90	1	1	14	23
2019-02-15	$83.75	$0.00	24.9%	7.1%	44.7%	17.3%	0.0%	5.2%	-2.2%	1.1K	-82.9K	-121	3.00	104.02	1	3	14	23
2019-02-19	$83.46	$0.00	29.8%	8.5%	44.7%	28.8%	0.0%	-17.9%	-3.7%	454	-25.3K	-143	0.00	124.97	0	0	6	22
2019-02-20	$83.82	$0.00	28.7%	8.2%	43.0%	26.2%	0.0%	2.4%	-1.9%	622	-28.5K	-107	0.00	124.02	0	0	6	22
2019-02-21	$83.58	$0.00	22.3%	6.4%	43.0%	11.3%	0.0%	8.4%	1.8%	776	-27.2K	-125	0.00	111.07	0	0	6	22
2019-02-22	$84.21	$0.00	23.7%	6.8%	43.0%	14.7%	0.0%	8.7%	-0.6%	714	-28.6K	-117	0.00	99.96	0	0	6	22
2019-02-25	$83.67	$0.00	26.5%	7.6%	43.4%	21.2%	0.0%	9.1%	1.4%	980	-28.7K	-114	0.00	126.74	0	0	6	22
2019-02-26	$83.61	$0.00	20.5%	5.9%	43.5%	7.1%	0.0%	1.3%	5.0%	861	-26.8K	-117	0.00	124.52	0	1	6	22
2019-02-27	$83.75	$0.00	30.6%	8.8%	43.4%	30.7%	22.7%	15.4%	-7.0%	696	-26.6K	-124	1.00	133.24	1	1	6	23
2019-02-28	$83.55	$79.66	30.6%	8.8%	43.5%	30.7%	28.1%	2.8%	-5.5%	1.0K	-33.9K	-126	11.00	137.67	1	12	7	23