LBRDA Options History — July 2020

In July 2020, LBRDA traded between $116.07 and $126.15. ATM implied volatility averaged 46.4%, placing in the 33.0% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 23.3% (HV 20d: 23.1%). Max pain ranged from $103.09 to $117.15. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 1.56.

Notable Days

2020-07-06: Highest Volume — 70 contracts
2020-07-06: Largest IV spike — 108.5% change
2020-07-14: Highest IV Rank — 95.4%
2020-07-30: Largest Expected Move — 11.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$120.39	$116.07	$126.15	$118.76	$126.15
Max Pain	$104.37	$103.09	$117.15	$117.15	$103.09
ATM IV	46.4%	26.2%	109.4%	30.2%	34.8%
Expected Move	9.4%	7.5%	11.2%	8.7%	10.0%
HV 20d	23.1%	16.3%	25.8%	24.3%	16.3%
HV 60d	24.0%	23.4%	25.3%	24.8%	23.7%
IV Rank	33.0%	13.0%	95.4%	17.0%	21.5%
IV Percentile	72.3%	39.7%	99.6%	52.8%	63.1%
Term Structure	-5.9%	-19.3%	7.7%	7.7%	-3.7%
VWIV	37.8%	31.3%	44.2%	31.3%	44.2%
Skew 25d	1.1%	-14.3%	10.3%	3.9%	3.0%
Skew 10d	8.5%	-16.9%	36.5%	-1.1%	-16.9%
Call IV 25d	46.2%	35.3%	61.3%	36.9%	39.1%
Put IV 25d	47.3%	38.3%	62.1%	40.8%	42.1%
Bid-Ask Spread %	134.93	117.14	141.21	117.14	132.43
Gamma HHI	0.20	0.16	0.26	0.24	0.21
Net GEX	-2.4K	-5.1K	-579	-4.6K	-987
Net DEX	3.9K	-29.0K	50.1K	39.9K	-16.3K
Net VEX	-331	-505	-198	-463	-290
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.56	0.00	3.13	0.00	0.00
Total Volume	6.909	0	70	0	9
Total OI	33.045	25	41	35	27

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
2020-07-01	$118.76	$117.15	30.2%	8.7%	24.3%	17.0%	0.0%	3.9%	7.7%	-4.6K	39.9K	-463	0.00	117.14	0	0	9	26
2020-07-02	$116.10	$117.15	26.2%	7.5%	24.7%	13.0%	0.0%	5.0%	7.6%	-4.7K	50.1K	-473	0.00	117.89	1	0	9	26
2020-07-06	$116.07	$103.09	54.7%	8.2%	24.6%	41.2%	31.3%	5.4%	-4.6%	-4.7K	33.1K	-400	3.13	125.57	17	53	10	26
2020-07-07	$118.34	$103.09	60.2%	8.5%	25.8%	46.7%	0.0%	0.8%	-2.9%	-3.6K	19.6K	-424	0.00	137.66	0	0	10	31
2020-07-08	$117.48	$103.09	51.0%	8.3%	25.6%	37.6%	0.0%	0.8%	2.8%	-4.7K	32.5K	-505	0.00	137.53	0	0	10	31
2020-07-09	$116.82	$103.09	67.8%	8.4%	25.6%	54.3%	0.0%	0.7%	-3.7%	-3.7K	31.0K	-444	0.00	138.00	0	0	10	31
2020-07-10	$117.86	$103.09	72.1%	8.7%	23.0%	58.5%	0.0%	0.7%	-3.1%	-3.4K	23.9K	-431	0.00	137.94	0	0	10	31
2020-07-13	$116.91	$103.09	95.9%	8.7%	23.1%	82.0%	0.0%	-0.8%	-8.9%	-3.3K	29.5K	-412	0.00	136.14	0	0	10	31
2020-07-14	$118.88	$103.09	109.4%	8.8%	23.6%	95.4%	0.0%	-2.6%	-7.6%	-3.2K	9.1K	-296	0.00	135.54	0	0	10	31
2020-07-15	$120.53	$103.09	34.7%	9.9%	23.9%	21.4%	44.2%	10.3%	-13.9%	-2.5K	-3.0K	-252	3.13	130.55	17	53	10	31
2020-07-16	$120.31	$103.09	35.3%	10.1%	23.8%	22.1%	0.0%	3.0%	-10.5%	-5.1K	12.7K	-414	0.00	120.49	0	0	10	31
2020-07-17	$122.72	$103.09	31.0%	8.9%	24.9%	17.8%	0.0%	0.8%	-3.0%	-777	-29.0K	-263	0.00	138.84	0	0	10	31
2020-07-20	$122.91	$103.09	32.4%	9.3%	24.6%	19.1%	0.0%	0.8%	-7.1%	-698	-19.7K	-220	0.00	139.81	0	0	4	21
2020-07-21	$122.92	$103.09	32.9%	9.4%	24.4%	19.7%	0.0%	1.2%	-6.4%	-624	-18.4K	-245	0.00	140.16	0	0	4	21
2020-07-22	$123.25	$103.09	33.4%	9.6%	24.1%	20.1%	0.0%	0.8%	-6.3%	-635	-17.7K	-249	0.00	140.23	0	0	4	21
2020-07-23	$121.94	$103.09	34.2%	9.8%	22.3%	21.0%	0.0%	0.7%	-3.3%	-871	-13.6K	-262	0.00	139.78	0	0	4	21
2020-07-24	$122.23	$103.09	33.1%	9.5%	22.1%	19.9%	0.0%	-14.3%	-19.3%	-1.2K	-18.9K	-209	0.00	140.03	0	0	4	21
2020-07-27	$121.34	$103.09	36.9%	10.6%	22.1%	23.6%	0.0%	0.8%	-7.9%	-1.2K	-7.6K	-319	0.00	139.92	0	0	4	21
2020-07-28	$121.60	$103.09	37.7%	10.8%	22.0%	24.4%	0.0%	2.2%	-12.2%	-1.0K	-13.1K	-276	0.00	140.73	0	0	4	21
2020-07-29	$122.30	$103.09	38.4%	11.0%	21.6%	25.0%	0.0%	0.9%	-12.3%	-579	-16.3K	-236	0.00	140.84	0	0	4	21
2020-07-30	$123.07	$103.09	39.0%	11.2%	17.0%	25.7%	0.0%	0.9%	-11.0%	-637	-21.0K	-198	0.00	141.21	0	2	4	21
2020-07-31	$126.15	$103.09	34.8%	10.0%	16.3%	21.5%	0.0%	3.0%	-3.7%	-987	-16.3K	-290	0.00	132.43	9	0	4	23