LBRDA Options History — June 2020

In June 2020, LBRDA traded between $113.91 and $126.98. ATM implied volatility averaged 39.3%, placing in the 26.0% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 14.5% (HV 20d: 24.8%). Max pain ranged from $117.15 to $117.15. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 2.14.

Notable Days

2020-06-23: Highest Volume — 68 contracts
2020-06-22: Largest IV spike — 40.8% change
2020-06-08: Highest IV Rank — 41.2%
2020-06-03: Largest Expected Move — 13.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$120.24	$113.91	$126.98	$125.89	$114.17
Max Pain	$117.15	$117.15	$117.15	$117.15	$117.15
ATM IV	39.3%	30.3%	54.6%	37.0%	43.1%
Expected Move	10.3%	8.0%	13.5%	10.6%	12.3%
HV 20d	24.8%	18.1%	28.2%	27.2%	18.7%
HV 60d	42.0%	26.0%	60.6%	60.6%	26.0%
IV Rank	26.0%	17.1%	41.2%	23.7%	29.7%
IV Percentile	74.6%	57.9%	94.0%	76.2%	79.0%
Term Structure	-7.4%	-16.5%	-1.3%	-12.4%	-4.0%
VWIV	46.6%	32.1%	67.3%	39.3%	67.3%
Skew 25d	2.8%	-9.3%	26.2%	1.1%	-0.5%
Skew 10d	6.7%	-23.2%	21.4%	3.4%	0.9%
Call IV 25d	44.1%	22.2%	63.2%	53.7%	39.5%
Put IV 25d	46.9%	30.7%	61.9%	54.8%	39.0%
Bid-Ask Spread %	132.13	115.05	140.35	134.31	115.05
Gamma HHI	0.19	0.16	0.22	0.19	0.20
Net GEX	-2.6K	-4.4K	-1.1K	-3.0K	-4.4K
Net DEX	6.6K	-40.5K	68.8K	-31.3K	68.8K
Net VEX	-459	-531	-329	-449	-503
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.14	0.00	3.27	3.14	3.27
Total Volume	6.273	0	68	0	0
Total OI	33.864	30	37	36	35

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
2020-06-01	$125.89	$0.00	37.0%	10.6%	27.2%	23.7%	0.0%	1.1%	-12.4%	-3.0K	-31.3K	-449	0.00	134.31	0	0	11	25
2020-06-02	$126.32	$0.00	43.1%	12.4%	27.2%	29.7%	0.0%	0.8%	-11.6%	-2.5K	-33.0K	-462	0.00	140.35	0	0	11	25
2020-06-03	$126.98	$0.00	47.1%	13.5%	27.1%	33.7%	0.0%	-9.3%	-15.7%	-1.5K	-40.5K	-470	0.00	139.27	0	0	11	25
2020-06-04	$124.66	$117.15	47.5%	8.0%	27.6%	34.1%	39.3%	6.8%	-6.3%	-1.1K	-34.8K	-411	3.14	132.72	15	47	11	19
2020-06-05	$123.48	$117.15	48.1%	8.2%	27.1%	34.7%	0.0%	0.8%	-2.0%	-2.2K	-23.7K	-469	0.00	133.48	0	0	11	25
2020-06-08	$123.85	$117.15	54.6%	8.4%	27.1%	41.2%	0.0%	15.7%	-1.3%	-1.1K	-40.5K	-329	0.00	133.81	0	0	11	19
2020-06-09	$122.46	$117.15	38.2%	9.0%	27.4%	24.9%	32.1%	26.2%	-6.4%	-1.6K	-28.8K	-375	0.00	121.22	2	0	11	19
2020-06-10	$121.81	$117.15	30.3%	8.7%	26.6%	17.1%	0.0%	8.1%	-5.5%	-1.2K	-35.7K	-380	0.00	133.74	0	0	12	19
2020-06-11	$117.77	$117.15	31.1%	8.9%	28.2%	17.9%	0.0%	2.7%	-2.9%	-2.0K	-9.6K	-408	0.00	131.19	0	5	12	19
2020-06-12	$118.43	$117.15	32.2%	9.2%	28.1%	18.9%	0.0%	0.8%	-2.8%	-2.5K	-3.8K	-531	0.00	134.65	0	0	12	25
2020-06-15	$119.71	$117.15	32.0%	9.2%	28.2%	18.8%	0.0%	-3.8%	-11.0%	-3.7K	29.0K	-483	0.00	131.80	0	0	9	25
2020-06-16	$120.77	$117.15	33.1%	9.5%	24.2%	19.9%	0.0%	-0.3%	-10.8%	-2.0K	15.7K	-488	0.00	132.58	0	0	9	25
2020-06-17	$121.27	$117.15	33.5%	9.6%	24.1%	20.2%	0.0%	13.4%	-11.6%	-2.4K	16.9K	-466	0.00	134.03	0	0	9	25
2020-06-18	$121.26	$117.15	34.3%	9.8%	23.6%	21.0%	0.0%	6.2%	-7.1%	-2.4K	18.0K	-501	0.00	134.70	0	0	9	25
2020-06-19	$120.02	$117.15	31.1%	8.9%	23.9%	17.9%	0.0%	-6.5%	-4.3%	-2.7K	18.7K	-473	0.00	135.50	0	0	9	25
2020-06-22	$119.18	$117.15	43.8%	12.6%	24.0%	30.4%	0.0%	0.2%	-4.5%	-2.2K	24.2K	-490	0.00	134.09	0	0	9	25
2020-06-23	$118.27	$117.15	39.0%	11.2%	24.2%	25.6%	47.7%	-3.9%	-6.7%	-3.3K	19.0K	-427	3.27	130.86	16	52	9	25
2020-06-24	$115.19	$117.15	40.2%	11.5%	23.8%	26.9%	67.3%	0.8%	-16.5%	-3.3K	45.1K	-475	0.00	135.57	0	1	9	25
2020-06-25	$114.80	$117.15	41.9%	12.0%	20.9%	28.6%	0.0%	0.9%	-8.6%	-3.8K	53.4K	-501	0.00	136.22	0	0	9	26
2020-06-26	$113.91	$117.15	43.2%	12.4%	18.1%	29.8%	0.0%	2.5%	-8.7%	-4.0K	56.9K	-498	0.00	136.44	0	0	9	26
2020-06-29	$115.05	$117.15	39.9%	11.4%	18.9%	26.5%	0.0%	-1.2%	-2.5%	-4.3K	62.1K	-511	0.00	115.36	0	0	9	26
2020-06-30	$114.17	$117.15	43.1%	12.3%	18.7%	29.7%	0.0%	-0.5%	-4.0%	-4.4K	68.8K	-503	0.00	115.05	0	0	9	26