LBRDA Options History — July 2019

In July 2019, LBRDA traded between $92.43 and $100.37. ATM implied volatility averaged 26.6%, placing in the 18.2% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 12.4% (HV 20d: 14.2%). Max pain ranged from $98.41 to $103.09. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 1.22.

Notable Days

2019-07-26: Highest Volume — 17 contracts
2019-07-15: Largest IV spike — 52.1% change
2019-07-23: Highest IV Rank — 36.2%
2019-07-23: Largest Expected Move — 10.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$97.63	$92.43	$100.37	$97.22	$92.43
Max Pain	$102.45	$98.41	$103.09	$98.41	$103.09
ATM IV	26.6%	17.5%	35.6%	22.6%	22.4%
Expected Move	7.9%	5.0%	10.2%	6.5%	6.4%
HV 20d	14.2%	12.9%	16.2%	16.2%	14.7%
HV 60d	15.4%	15.0%	16.5%	15.1%	16.5%
IV Rank	18.2%	0.2%	36.2%	10.2%	10.0%
IV Percentile	38.2%	0.4%	84.5%	13.9%	15.9%
Term Structure	-3.3%	-11.2%	7.7%	-2.7%	-6.9%
VWIV	24.2%	20.7%	29.7%	26.2%	20.7%
Skew 25d	3.5%	-8.3%	13.9%	4.2%	2.2%
Skew 10d	3.8%	-14.2%	15.8%	15.8%	-1.8%
Call IV 25d	29.4%	17.5%	39.1%	26.3%	34.1%
Put IV 25d	32.8%	18.5%	41.4%	30.5%	36.3%
Bid-Ask Spread %	107.45	95.63	125.88	125.88	111.94
Gamma HHI	0.49	0.22	0.93	0.66	0.22
Net GEX	-6.9K	-80.1K	3.8K	-6.0K	625
Net DEX	-15.2K	-55.2K	13.6K	13.6K	-4.0K
Net VEX	-421	-596	-340	-389	-528
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.22	0.00	3.50	0.00	0.33
Total Volume	5	0	17	0	0
Total OI	41.409	31	48	34	48

Daily Data (22 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
2019-07-01	$97.22	$98.41	22.6%	6.5%	16.2%	10.2%	0.0%	4.2%	-2.7%	-6.0K	13.6K	-389	0.00	125.88	0	0	7	27
2019-07-02	$97.39	$98.41	22.3%	6.4%	15.0%	9.6%	0.0%	6.1%	5.7%	-6.5K	11.3K	-380	0.00	114.42	1	0	7	27
2019-07-03	$98.05	$98.41	31.9%	9.1%	15.1%	28.7%	0.0%	-4.2%	0.2%	-4.6K	3.1K	-390	0.00	117.60	1	0	9	27
2019-07-05	$98.45	$103.09	27.4%	8.4%	14.4%	19.9%	26.2%	5.3%	-2.9%	-5.8K	-3.2K	-348	0.00	95.63	1	0	9	27
2019-07-08	$97.80	$103.09	19.7%	8.2%	14.3%	4.6%	0.0%	11.2%	-4.0%	-8.1K	4.1K	-358	0.00	96.88	0	0	9	27
2019-07-09	$98.64	$103.09	20.5%	8.4%	14.5%	6.1%	29.7%	4.8%	-5.1%	-10.3K	-1.9K	-343	3.00	99.02	2	6	9	27
2019-07-10	$99.66	$103.09	25.2%	7.2%	14.2%	15.5%	22.9%	2.1%	-0.8%	-4.2K	-12.5K	-425	3.00	113.51	2	6	11	33
2019-07-11	$99.95	$103.09	17.5%	5.0%	13.3%	0.2%	21.5%	-2.1%	7.7%	-5.6K	-19.4K	-415	3.00	115.15	2	6	11	33
2019-07-12	$100.37	$103.09	18.7%	5.4%	13.1%	2.7%	20.7%	-0.4%	6.1%	-6.5K	-28.4K	-386	3.00	117.89	2	6	11	33
2019-07-15	$100.01	$103.09	28.5%	8.2%	13.3%	22.0%	0.0%	13.9%	-4.5%	-7.4K	-24.2K	-385	0.00	98.96	0	0	11	33
2019-07-16	$100.07	$103.09	34.0%	9.7%	13.2%	32.9%	0.0%	2.9%	-6.9%	-6.6K	-23.4K	-384	0.00	98.61	0	0	11	33
2019-07-17	$99.33	$103.09	29.6%	8.5%	13.6%	24.2%	0.0%	-0.1%	-3.0%	-10.6K	-25.4K	-402	0.00	98.87	2	0	12	33
2019-07-18	$99.38	$103.09	25.8%	7.4%	13.6%	16.6%	0.0%	2.4%	3.6%	-5.6K	-28.3K	-340	0.00	106.95	2	0	12	33
2019-07-19	$98.20	$103.09	31.7%	9.1%	14.4%	28.3%	0.0%	3.7%	-6.7%	-80.1K	7.8K	-371	3.50	106.22	2	7	12	33
2019-07-22	$97.11	$103.09	34.5%	9.9%	15.0%	34.0%	0.0%	3.4%	-11.2%	344	-23.3K	-384	0.00	100.36	0	0	10	21
2019-07-23	$97.11	$103.09	35.6%	10.2%	14.3%	36.2%	0.0%	6.6%	-9.3%	356	-21.0K	-373	0.40	98.85	11	4	10	21
2019-07-24	$97.57	$103.09	34.4%	9.9%	13.1%	33.8%	0.0%	5.1%	-10.1%	3.8K	-55.2K	-539	0.40	96.59	11	4	20	26
2019-07-25	$97.14	$103.09	31.6%	9.1%	12.9%	28.2%	0.0%	9.1%	-6.7%	3.3K	-43.7K	-596	0.40	106.16	11	4	20	26
2019-07-26	$94.54	$103.09	21.6%	6.2%	15.1%	8.2%	0.0%	2.9%	0.5%	2.6K	-21.2K	-469	0.33	114.22	13	4	20	26
2019-07-29	$93.62	$103.09	22.2%	6.4%	14.6%	9.5%	0.0%	-8.3%	-8.6%	2.0K	-21.7K	-502	0.00	115.38	0	0	22	26
2019-07-30	$93.88	$103.09	26.8%	7.7%	14.0%	18.6%	0.0%	5.2%	-6.5%	2.2K	-18.2K	-550	0.00	114.88	0	0	22	26
2019-07-31	$92.43	$103.09	22.4%	6.4%	14.7%	10.0%	0.0%	2.2%	-6.9%	625	-4.0K	-528	0.00	111.94	0	0	22	26