LBRDA Options History — October 2020

In October 2020, LBRDA traded between $125.99 and $140.61. ATM implied volatility averaged 43.1%, placing in the 29.7% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 17.3% (HV 20d: 25.8%). Max pain ranged from $107.78 to $140.58. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.40.

Notable Days

2020-10-05: Highest Volume — 2 contracts
2020-10-14: Largest IV drop — 70.1% change
2020-10-13: Highest IV Rank — 78.3%
2020-10-02: Largest Expected Move — 12.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$133.98	$125.99	$140.61	$134.95	$131.87
Max Pain	$133.77	$107.78	$140.58	$107.78	$131.21
ATM IV	43.1%	26.4%	92.1%	42.7%	36.5%
Expected Move	9.4%	7.6%	12.8%	12.3%	10.5%
HV 20d	25.8%	21.5%	28.9%	28.9%	27.3%
HV 60d	21.9%	20.7%	23.8%	20.7%	23.8%
IV Rank	29.7%	13.2%	78.3%	29.4%	23.3%
IV Percentile	61.6%	23.8%	98.4%	73.8%	56.0%
Term Structure	-5.5%	-14.6%	0.7%	-11.8%	-14.6%
VWIV	31.2%	26.3%	34.9%	28.9%	26.3%
Skew 25d	0.1%	-28.3%	16.3%	0.6%	1.9%
Skew 10d	3.7%	-3.7%	20.0%	3.9%	-1.7%
Call IV 25d	43.2%	35.4%	66.0%	61.0%	51.8%
Put IV 25d	43.3%	31.7%	65.8%	61.6%	53.7%
Bid-Ask Spread %	133.77	128.86	137.94	131.07	132.38
Gamma HHI	0.35	0.27	0.47	0.33	0.31
Net GEX	7.9K	3.8K	10.6K	7.8K	6.1K
Net DEX	-119.4K	-179.3K	-35.4K	-142.2K	-74.5K
Net VEX	-568	-680	-461	-597	-566
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.40	0.00	1.00	0.00	0.00
Total Volume	0.545	0	2	0	0
Total OI	62.136	52	70	68	57

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
2020-10-01	$134.95	$107.78	42.7%	12.3%	28.9%	29.4%	0.0%	0.6%	-11.8%	7.8K	-142.2K	-597	0.00	131.07	0	0	23	45
2020-10-02	$133.26	$107.78	44.8%	12.8%	26.9%	31.4%	0.0%	-28.3%	-12.4%	7.3K	-120.8K	-602	0.00	131.32	0	0	23	45
2020-10-05	$136.92	$140.58	49.5%	8.6%	27.8%	36.1%	0.0%	0.1%	-4.3%	6.9K	-123.4K	-680	0.00	132.78	2	0	23	45
2020-10-06	$134.51	$140.58	52.4%	8.6%	28.7%	38.9%	0.0%	0.5%	-3.2%	9.1K	-142.6K	-617	0.00	131.77	0	0	25	45
2020-10-07	$136.00	$140.58	55.0%	8.9%	28.1%	41.6%	0.0%	0.0%	-2.6%	9.5K	-152.4K	-605	0.00	133.02	0	0	25	45
2020-10-08	$136.79	$140.58	44.7%	9.2%	27.6%	31.3%	0.0%	-3.7%	-2.1%	9.6K	-166.9K	-643	0.00	128.86	0	0	25	45
2020-10-09	$137.33	$140.58	61.9%	8.6%	27.6%	48.4%	0.0%	0.5%	-4.8%	9.5K	-169.1K	-606	0.00	133.50	0	0	25	45
2020-10-12	$140.61	$140.58	79.8%	8.4%	28.2%	66.1%	0.0%	0.2%	-2.2%	10.6K	-176.0K	-591	0.00	133.95	0	0	23	45
2020-10-13	$140.49	$140.58	92.1%	8.2%	27.8%	78.3%	0.0%	0.4%	0.7%	10.4K	-179.3K	-580	0.00	134.00	0	0	23	45
2020-10-14	$138.60	$140.58	27.6%	7.9%	27.8%	14.4%	0.0%	-7.5%	-9.4%	9.2K	-155.4K	-555	0.00	134.87	0	0	23	45
2020-10-15	$138.47	$140.58	29.3%	8.4%	26.3%	16.0%	0.0%	0.5%	-2.9%	9.9K	-162.8K	-561	0.00	135.01	0	1	23	45
2020-10-16	$138.46	$140.58	29.0%	8.3%	26.2%	15.8%	28.9%	0.5%	-4.5%	8.7K	-173.6K	-563	0.00	135.58	2	0	23	46
2020-10-19	$135.17	$135.90	30.1%	8.6%	27.1%	16.9%	0.0%	0.6%	-1.9%	9.0K	-122.0K	-597	0.00	135.62	0	0	22	30
2020-10-20	$133.39	$135.90	33.8%	9.7%	24.4%	20.5%	34.9%	-0.3%	-5.6%	8.4K	-107.8K	-523	1.00	131.68	1	1	22	30
2020-10-21	$131.57	$131.21	27.4%	7.8%	23.5%	14.2%	0.0%	0.8%	-3.9%	7.4K	-88.6K	-529	0.00	137.13	0	0	22	31
2020-10-22	$131.01	$131.21	26.4%	7.6%	22.8%	13.2%	0.0%	-2.3%	-4.8%	6.6K	-79.7K	-509	0.00	137.94	0	0	22	31
2020-10-23	$130.06	$131.21	33.0%	9.4%	22.9%	19.7%	0.0%	0.9%	-4.6%	6.9K	-73.1K	-500	0.00	132.51	0	0	22	31
2020-10-26	$127.84	$131.21	36.1%	10.3%	21.7%	22.8%	34.6%	12.7%	-4.6%	5.8K	-57.9K	-461	1.00	134.14	1	1	22	31
2020-10-27	$128.19	$131.21	38.6%	11.1%	21.8%	25.3%	0.0%	7.9%	-6.0%	5.8K	-62.8K	-473	0.00	133.43	0	2	23	32
2020-10-28	$126.11	$131.21	38.4%	11.0%	22.4%	25.0%	0.0%	16.3%	-5.5%	4.4K	-35.4K	-528	0.00	135.85	0	0	23	34
2020-10-29	$125.99	$131.21	38.6%	11.1%	21.5%	25.3%	26.3%	-0.2%	-10.6%	3.8K	-61.4K	-600	0.00	136.55	1	0	23	34
2020-10-30	$131.87	$131.21	36.5%	10.5%	27.3%	23.3%	0.0%	1.9%	-14.6%	6.1K	-74.5K	-566	0.00	132.38	0	0	23	34