LBRDA Options History — October 2019

In October 2019, LBRDA traded between $97.21 and $110.37. ATM implied volatility averaged 28.1%, placing in the 26.1% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 9.2% (HV 20d: 18.9%). Max pain ranged from $89.03 to $93.72. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 0 of 23 days. Put/call ratio averaged 0.00.

Notable Days

2019-10-25: Highest Volume — 6 contracts
2019-10-08: Largest IV spike — 56.4% change
2019-10-08: Highest IV Rank — 38.7%
2019-10-28: Largest Expected Move — 9.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$103.14	$97.21	$110.37	$97.21	$110.32
Max Pain	$93.10	$89.03	$93.72	$89.03	$93.72
ATM IV	28.1%	20.7%	34.8%	27.1%	31.4%
Expected Move	8.1%	7.2%	9.4%	7.8%	9.0%
HV 20d	18.9%	14.9%	24.3%	17.1%	23.5%
HV 60d	18.2%	16.9%	20.2%	17.1%	19.5%
IV Rank	26.1%	12.5%	38.7%	24.4%	32.3%
IV Percentile	51.2%	12.3%	82.5%	46.0%	68.7%
Term Structure	-5.4%	-15.4%	-0.1%	-2.6%	-13.3%
VWIV	24.0%	13.2%	32.5%	32.5%	13.2%
Skew 25d	1.0%	-8.9%	16.9%	0.4%	0.4%
Skew 10d	1.0%	-18.2%	12.4%	1.9%	-10.2%
Call IV 25d	30.4%	15.4%	40.4%	38.9%	38.6%
Put IV 25d	31.3%	25.1%	40.7%	39.3%	39.0%
Bid-Ask Spread %	114.22	91.91	130.41	129.94	118.40
Gamma HHI	0.27	0.18	0.45	0.25	0.27
Net GEX	3.3K	1.4K	7.1K	1.4K	4.0K
Net DEX	-77.2K	-121.6K	-43.1K	-43.1K	-121.6K
Net VEX	-275	-323	-212	-323	-212
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	0.609	0	6	0	0
Total OI	41.478	31	48	45	38

Daily Data (23 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
2019-10-01	$97.21	$89.03	27.1%	7.8%	17.1%	24.4%	0.0%	0.4%	-2.6%	1.4K	-43.1K	-323	129.94	0	0	13	32
2019-10-02	$97.44	$89.03	27.7%	7.9%	14.9%	25.4%	0.0%	0.3%	-3.4%	1.5K	-44.1K	-316	130.41	1	0	13	32
2019-10-03	$98.51	$0.00	29.3%	7.9%	15.5%	28.5%	0.0%	-0.3%	-3.9%	2.6K	-55.3K	-300	114.65	0	0	14	32
2019-10-04	$101.22	$0.00	20.7%	8.0%	18.2%	12.5%	0.0%	4.4%	-6.1%	3.7K	-74.2K	-294	108.79	0	0	14	32
2019-10-07	$101.40	$0.00	22.3%	7.4%	17.8%	15.3%	0.0%	5.5%	-3.0%	3.9K	-74.8K	-292	102.98	0	0	14	32
2019-10-08	$100.83	$0.00	34.8%	7.6%	17.9%	38.7%	0.0%	0.2%	-3.9%	2.8K	-71.9K	-309	118.13	0	0	14	32
2019-10-09	$100.94	$0.00	26.9%	7.7%	17.7%	23.9%	0.0%	1.4%	-4.1%	2.8K	-72.2K	-304	117.13	0	0	14	32
2019-10-10	$100.67	$0.00	28.0%	8.0%	17.4%	26.0%	0.0%	-3.6%	-3.6%	3.3K	-72.1K	-292	115.02	0	0	14	32
2019-10-11	$100.29	$0.00	27.4%	7.9%	17.5%	24.9%	0.0%	0.5%	-4.2%	2.8K	-69.9K	-290	116.96	0	0	14	32
2019-10-14	$99.93	$0.00	27.3%	7.8%	17.2%	24.8%	32.5%	-0.8%	-1.5%	2.6K	-54.6K	-289	114.02	1	0	13	32
2019-10-15	$102.22	$93.72	27.4%	7.9%	19.1%	24.9%	0.0%	-2.7%	-5.1%	3.4K	-79.2K	-270	118.99	0	0	14	32
2019-10-16	$102.98	$93.72	27.4%	7.9%	19.2%	24.9%	0.0%	-4.7%	-5.1%	4.2K	-87.8K	-255	114.69	2	0	14	32
2019-10-17	$103.87	$93.72	25.7%	7.4%	19.4%	21.7%	26.4%	0.7%	-3.1%	4.0K	-98.7K	-261	118.67	1	0	15	32
2019-10-18	$103.96	$93.72	29.2%	8.4%	17.5%	28.3%	0.0%	-2.5%	-8.1%	7.1K	-113.7K	-267	107.64	0	0	16	32
2019-10-21	$103.13	$93.72	31.2%	8.9%	17.8%	31.9%	0.0%	-7.8%	-10.1%	2.5K	-56.5K	-261	108.38	0	0	11	20
2019-10-22	$103.02	$93.72	29.4%	8.4%	17.2%	28.6%	0.0%	6.5%	-5.9%	2.6K	-56.2K	-262	91.91	0	0	11	20
2019-10-23	$102.75	$93.72	25.3%	7.2%	17.3%	20.9%	0.0%	11.6%	-0.1%	2.5K	-52.7K	-270	99.46	0	0	11	20
2019-10-24	$103.06	$93.72	29.2%	8.4%	16.4%	28.3%	0.0%	-0.0%	-5.0%	2.5K	-54.1K	-264	118.68	0	3	11	20
2019-10-25	$109.05	$93.72	25.9%	7.4%	24.3%	22.1%	13.2%	16.9%	-3.6%	2.2K	-78.9K	-256	119.83	6	0	11	23
2019-10-28	$109.55	$93.72	32.8%	9.4%	24.0%	35.0%	0.0%	5.4%	-9.2%	3.9K	-111.7K	-257	111.09	0	0	15	23
2019-10-29	$109.48	$93.72	26.3%	7.5%	23.5%	22.7%	0.0%	-8.9%	-3.6%	4.1K	-113.9K	-244	115.19	0	0	15	23
2019-10-30	$110.37	$93.72	32.6%	9.3%	23.5%	34.5%	0.0%	-0.6%	-15.4%	4.1K	-119.2K	-238	116.18	0	0	15	23
2019-10-31	$110.32	$93.72	31.4%	9.0%	23.5%	32.3%	0.0%	0.4%	-13.3%	4.0K	-121.6K	-212	118.40	0	0	15	23