LBRDA Options History — August 2020

In August 2020, LBRDA traded between $128.26 and $134.13. ATM implied volatility averaged 36.2%, placing in the 22.9% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 19.4% (HV 20d: 16.9%). Max pain ranged from $103.09 to $126.52. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2020-08-25: Highest Volume — 25 contracts
2020-08-11: Largest IV drop — 36.0% change
2020-08-10: Highest IV Rank — 37.7%
2020-08-04: Largest Expected Move — 12.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$130.34	$128.26	$134.13	$129.30	$129.82
Max Pain	$122.62	$103.09	$126.52	$103.09	$126.52
ATM IV	36.2%	28.2%	51.2%	35.8%	40.5%
Expected Move	9.5%	7.3%	12.9%	10.3%	11.6%
HV 20d	16.9%	12.6%	18.0%	17.7%	12.6%
HV 60d	21.7%	19.4%	23.8%	23.8%	19.4%
IV Rank	22.9%	15.0%	37.7%	22.5%	27.1%
IV Percentile	62.4%	42.5%	88.9%	64.7%	73.4%
Term Structure	-11.7%	-29.5%	-3.3%	-29.5%	-10.7%
VWIV	22.1%	22.1%	22.1%	22.1%	22.1%
Skew 25d	5.8%	-17.8%	26.5%	-17.8%	0.9%
Skew 10d	-4.6%	-22.5%	16.3%	-9.8%	-8.1%
Call IV 25d	38.7%	16.0%	62.0%	57.3%	56.2%
Put IV 25d	44.6%	35.6%	61.6%	39.5%	57.2%
Bid-Ask Spread %	138.65	126.61	141.45	137.56	141.45
Gamma HHI	0.18	0.12	0.27	0.27	0.20
Net GEX	1.1K	-200	3.2K	273	1.3K
Net DEX	-41.2K	-65.8K	-21.9K	-37.3K	-24.6K
Net VEX	-167	-259	-96	-96	-222
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	1.762	0	25	0	0
Total OI	30.19	22	48	27	48

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
2020-08-03	$129.30	$103.09	35.8%	10.3%	17.7%	22.5%	0.0%	-17.8%	-29.5%	273	-37.3K	-96	137.56	0	0	4	23
2020-08-04	$130.40	$103.09	45.1%	12.9%	17.0%	31.7%	0.0%	-0.3%	-28.7%	32	-33.2K	-183	136.75	0	0	4	23
2020-08-05	$130.98	$103.09	43.0%	12.3%	16.4%	29.6%	0.0%	9.0%	-24.7%	67	-33.6K	-184	138.21	0	0	4	23
2020-08-06	$132.68	$0.00	43.8%	7.4%	16.0%	30.5%	0.0%	1.7%	-3.3%	264	-38.2K	-149	138.24	0	0	4	23
2020-08-07	$134.13	$0.00	44.3%	7.3%	16.1%	30.9%	0.0%	0.7%	-6.3%	289	-40.1K	-153	136.25	0	7	4	23
2020-08-10	$132.67	$0.00	51.2%	7.9%	16.5%	37.7%	22.1%	0.9%	-3.9%	605	-40.6K	-115	136.33	1	0	4	18
2020-08-11	$130.35	$126.52	32.7%	8.4%	18.0%	19.5%	0.0%	2.2%	-8.8%	716	-41.9K	-177	126.61	0	0	5	18
2020-08-12	$130.51	$126.52	28.2%	8.1%	17.7%	15.0%	0.0%	-5.0%	-7.2%	401	-42.0K	-170	138.21	3	0	5	18
2020-08-13	$131.33	$126.52	28.5%	8.2%	17.6%	15.3%	0.0%	1.0%	-7.1%	3.2K	-65.8K	-150	139.54	0	0	9	18
2020-08-14	$130.55	$126.52	29.0%	8.3%	17.0%	15.8%	0.0%	24.0%	-7.6%	3.1K	-63.5K	-150	139.48	0	0	9	18
2020-08-17	$129.06	$126.52	30.4%	8.7%	17.7%	17.1%	0.0%	-9.2%	-12.9%	1.9K	-58.0K	-182	134.75	0	1	9	18
2020-08-18	$129.22	$126.52	30.9%	8.8%	17.7%	17.6%	0.0%	-0.7%	-9.4%	2.6K	-58.2K	-159	140.98	0	0	9	19
2020-08-19	$128.59	$126.52	32.0%	9.2%	17.9%	18.8%	0.0%	15.2%	-5.7%	2.7K	-56.6K	-150	141.31	0	0	9	19
2020-08-20	$128.35	$126.52	32.6%	9.4%	17.3%	19.4%	0.0%	15.1%	-7.3%	2.6K	-56.5K	-146	141.37	0	0	9	19
2020-08-21	$128.26	$126.52	33.2%	9.5%	17.4%	20.0%	0.0%	16.7%	-7.7%	984	-41.9K	-143	141.00	0	0	9	19
2020-08-24	$129.25	$126.52	34.4%	9.9%	17.1%	21.1%	0.0%	26.5%	-15.0%	1.5K	-32.5K	-116	141.13	0	0	4	19
2020-08-25	$129.77	$126.52	35.0%	10.0%	17.1%	21.8%	0.0%	0.8%	-12.1%	1.1K	-31.8K	-126	141.41	0	25	4	19
2020-08-26	$130.48	$126.52	35.8%	10.2%	17.1%	22.5%	0.0%	12.3%	-12.2%	-200	-21.9K	-235	140.37	0	0	4	44
2020-08-27	$130.84	$126.52	37.0%	10.6%	17.0%	23.7%	0.0%	14.7%	-12.5%	2	-23.4K	-240	139.81	0	0	4	44
2020-08-28	$130.57	$126.52	37.4%	10.7%	15.1%	24.1%	0.0%	13.9%	-13.4%	321	-24.4K	-259	140.97	0	0	4	44
2020-08-31	$129.82	$126.52	40.5%	11.6%	12.6%	27.1%	0.0%	0.9%	-10.7%	1.3K	-24.6K	-222	141.45	0	0	4	44