LBRDA Options History — December 2019

In December 2019, LBRDA traded between $108.92 and $116.79. ATM implied volatility averaged 20.7%, placing in the 13.1% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 4.7% (HV 20d: 15.9%). Max pain ranged from $93.72 to $121.84. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2019-12-24: Highest Volume — 5 contracts
2019-12-10: Largest IV spike — 103.7% change
2019-12-10: Highest IV Rank — 38.0%
2019-12-02: Largest Expected Move — 8.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$112.65	$108.92	$116.79	$110.89	$116.79
Max Pain	$97.74	$93.72	$121.84	$121.84	$93.72
ATM IV	20.7%	13.1%	34.5%	30.8%	20.7%
Expected Move	5.6%	3.7%	8.8%	8.8%	5.9%
HV 20d	15.9%	14.7%	16.9%	15.2%	14.9%
HV 60d	19.1%	17.9%	19.7%	18.9%	17.9%
IV Rank	13.1%	0.0%	38.0%	31.1%	14.0%
IV Percentile	21.8%	0.0%	84.1%	69.8%	19.8%
Term Structure	1.2%	-16.5%	12.3%	-16.1%	-2.5%
VWIV	36.2%	36.2%	36.2%	36.2%	36.2%
Skew 25d	1.9%	-4.5%	12.9%	-1.6%	0.1%
Skew 10d	4.3%	-5.9%	14.4%	9.9%	8.2%
Call IV 25d	25.6%	14.3%	33.2%	33.2%	33.0%
Put IV 25d	27.4%	16.9%	36.0%	31.6%	33.2%
Bid-Ask Spread %	116.19	99.28	124.10	116.80	116.26
Gamma HHI	0.27	0.22	0.33	0.33	0.29
Net GEX	3.2K	-403	5.9K	4.6K	-364
Net DEX	-48.6K	-138.1K	-22.6K	-138.1K	-38.0K
Net VEX	-408	-533	-245	-245	-484
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	0.524	0	5	0	0
Total OI	54.238	43	59	43	58

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	Spread %	Call Vol	Put Vol	Call OI	Put OI
2019-12-02	$110.89	$121.84	30.8%	8.8%	15.2%	31.1%	0.0%	-1.6%	-16.1%	4.6K	-138.1K	-245	116.80	0	0	17	26
2019-12-03	$110.58	$121.84	27.5%	7.9%	14.8%	25.1%	0.0%	12.9%	-16.5%	3.7K	-22.6K	-443	118.25	1	0	17	36
2019-12-04	$108.92	$121.84	26.6%	7.6%	15.7%	23.3%	0.0%	7.6%	-9.5%	4.3K	-25.8K	-430	121.88	0	0	18	36
2019-12-05	$110.70	$93.72	23.7%	5.0%	16.0%	18.0%	0.0%	5.1%	3.0%	3.9K	-31.2K	-482	109.27	0	0	18	36
2019-12-06	$111.79	$93.72	18.6%	4.5%	15.9%	8.6%	0.0%	-4.5%	5.9%	2.9K	-45.5K	-379	110.98	0	0	18	36
2019-12-09	$110.87	$93.72	16.9%	4.9%	15.8%	5.4%	0.0%	-2.8%	4.8%	3.9K	-36.3K	-402	106.70	0	0	18	36
2019-12-10	$109.70	$93.72	34.5%	5.5%	16.3%	38.0%	0.0%	0.2%	9.7%	4.0K	-31.0K	-417	113.97	0	0	18	36
2019-12-11	$111.01	$93.72	17.0%	4.9%	16.9%	5.4%	0.0%	0.1%	5.1%	3.6K	-33.9K	-412	121.34	0	0	18	36
2019-12-12	$112.00	$93.72	13.5%	3.9%	16.7%	0.0%	0.0%	9.0%	12.3%	3.3K	-41.8K	-411	120.11	2	0	18	36
2019-12-13	$112.69	$93.72	15.6%	4.5%	16.8%	4.0%	0.0%	0.2%	8.3%	5.1K	-56.9K	-397	123.45	0	0	19	36
2019-12-16	$111.63	$93.72	14.6%	4.2%	16.8%	2.1%	0.0%	1.1%	11.5%	5.3K	-41.4K	-393	123.72	0	0	18	36
2019-12-17	$111.97	$93.72	17.9%	5.1%	16.7%	8.1%	0.0%	0.7%	2.1%	5.8K	-50.3K	-411	119.13	0	0	18	36
2019-12-18	$111.51	$93.72	18.2%	5.2%	16.3%	8.7%	0.0%	0.6%	0.8%	5.2K	-43.1K	-355	124.10	0	0	18	36
2019-12-19	$113.50	$93.72	18.3%	5.3%	16.6%	8.9%	0.0%	0.4%	4.9%	4.1K	-57.0K	-359	123.91	0	0	18	36
2019-12-20	$113.34	$93.72	19.6%	5.6%	16.1%	11.3%	0.0%	0.3%	2.4%	5.9K	-63.6K	-341	123.07	1	0	18	36
2019-12-23	$114.90	$93.72	23.2%	6.6%	16.1%	17.8%	0.0%	1.4%	-7.5%	2.0K	-58.2K	-399	119.08	0	0	17	36
2019-12-24	$115.11	$93.72	18.6%	5.3%	15.7%	9.3%	0.0%	-3.3%	-3.3%	863	-70.8K	-295	122.09	0	5	17	36
2019-12-26	$115.88	$93.72	13.1%	3.7%	15.7%	0.0%	0.0%	5.1%	4.0%	-403	-49.1K	-484	100.53	0	0	17	42
2019-12-27	$116.16	$93.72	22.0%	6.3%	14.7%	16.3%	36.2%	2.5%	2.3%	-387	-51.0K	-501	106.05	2	0	17	42
2019-12-30	$115.74	$93.72	23.3%	6.7%	14.8%	18.6%	0.0%	4.3%	2.6%	106	-34.5K	-533	99.28	0	0	16	42
2019-12-31	$116.79	$93.72	20.7%	5.9%	14.9%	14.0%	0.0%	0.1%	-2.5%	-364	-38.0K	-484	116.26	0	0	16	42