LBRDA Options History — November 2020

In November 2020, LBRDA traded between $128.02 and $149.69. ATM implied volatility averaged 31.0%, placing in the 17.8% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded below realized volatility by 5.3% (HV 20d: 36.3%). Max pain ranged from $131.21 to $131.21. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.00.

Notable Days

2020-11-23: Highest Volume — 14 contracts
2020-11-11: Largest IV drop — 47.4% change
2020-11-10: Highest IV Rank — 37.2%
2020-11-03: Largest Expected Move — 13.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$142.45	$128.02	$149.69	$128.02	$147.61
Max Pain	$131.21	$131.21	$131.21	$131.21	$131.21
ATM IV	31.0%	16.9%	50.6%	41.3%	21.3%
Expected Move	7.7%	4.9%	13.4%	11.8%	6.1%
HV 20d	36.3%	27.1%	39.3%	27.1%	33.5%
HV 60d	28.8%	24.5%	30.1%	24.5%	29.2%
IV Rank	17.8%	3.8%	37.2%	27.9%	8.2%
IV Percentile	37.2%	3.6%	85.3%	67.5%	12.7%
Term Structure	-6.2%	-22.0%	1.2%	-11.6%	-2.3%
VWIV	42.5%	37.1%	47.9%	37.1%	47.9%
Skew 25d	0.9%	-12.3%	18.6%	18.6%	2.6%
Skew 10d	1.5%	-13.7%	11.8%	4.6%	11.8%
Call IV 25d	36.2%	20.9%	60.9%	37.1%	23.4%
Put IV 25d	37.2%	22.3%	56.8%	55.7%	26.0%
Bid-Ask Spread %	135.93	118.28	142.61	138.54	122.62
Gamma HHI	0.42	0.28	0.85	0.28	0.45
Net GEX	7.5K	-3.4K	12.4K	5.3K	-1.7K
Net DEX	-166.8K	-330.7K	-41.9K	-41.9K	-92.3K
Net VEX	-482	-581	-332	-475	-511
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.00	0.00	2.00	1.00	2.00
Total Volume	1.15	0	14	2	0
Total OI	58.55	43	62	57	58

Daily Data (20 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
2020-11-02	$128.02	$131.21	41.3%	11.8%	27.1%	27.9%	37.1%	18.6%	-11.6%	5.3K	-41.9K	-475	1.00	138.54	1	1	23	34
2020-11-03	$130.91	$131.21	46.8%	13.4%	28.0%	33.4%	0.0%	-4.0%	-3.3%	7.7K	-80.2K	-546	0.00	136.79	0	0	23	34
2020-11-04	$139.12	$131.21	38.2%	11.0%	35.5%	24.9%	47.9%	-4.0%	-22.0%	9.9K	-145.9K	-581	0.00	138.57	2	0	25	35
2020-11-05	$141.96	$0.00	41.6%	6.9%	36.1%	28.3%	0.0%	5.4%	-2.1%	11.4K	-212.3K	-574	0.00	140.24	0	0	27	35
2020-11-06	$142.71	$0.00	42.2%	6.9%	36.1%	28.8%	0.0%	0.7%	-1.3%	12.2K	-221.9K	-573	1.00	140.60	1	1	27	35
2020-11-09	$136.81	$0.00	46.6%	7.5%	38.4%	33.2%	0.0%	3.2%	-6.6%	11.4K	-144.1K	-558	0.00	140.48	0	0	26	34
2020-11-10	$138.74	$0.00	50.6%	7.5%	38.8%	37.2%	0.0%	-3.4%	-13.2%	11.5K	-169.5K	-497	0.00	140.98	0	0	26	34
2020-11-11	$139.40	$0.00	26.7%	7.6%	38.5%	13.5%	0.0%	0.7%	-7.1%	11.8K	-177.8K	-507	0.00	139.76	0	0	26	34
2020-11-12	$139.60	$0.00	26.7%	7.6%	38.5%	13.5%	0.0%	0.7%	-7.0%	12.2K	-179.5K	-516	0.00	140.66	0	0	26	34
2020-11-13	$142.76	$0.00	26.6%	7.6%	39.3%	13.4%	0.0%	0.7%	-5.1%	12.3K	-214.7K	-477	0.00	141.81	0	0	26	34
2020-11-16	$141.95	$0.00	27.6%	7.9%	38.2%	14.4%	0.0%	0.9%	-6.2%	11.6K	-204.4K	-474	0.00	142.61	0	0	26	34
2020-11-17	$144.07	$0.00	26.7%	7.6%	38.0%	13.5%	0.0%	-12.3%	-11.9%	12.4K	-229.5K	-443	0.00	142.32	0	0	26	34
2020-11-18	$146.82	$0.00	28.7%	8.2%	37.7%	15.5%	0.0%	1.4%	-6.8%	11.2K	-260.7K	-424	0.00	142.17	0	0	26	34
2020-11-19	$147.20	$0.00	28.1%	8.1%	37.6%	14.9%	0.0%	2.8%	-5.5%	11.6K	-265.3K	-378	0.00	141.84	0	0	26	34
2020-11-20	$149.69	$0.00	28.5%	8.2%	37.4%	15.3%	0.0%	0.2%	-7.9%	3.0K	-330.7K	-342	0.00	141.96	0	0	26	34
2020-11-23	$148.51	$0.00	16.9%	4.9%	36.8%	3.8%	0.0%	0.8%	-3.1%	3.7K	-106.0K	-332	0.00	122.64	0	14	11	32
2020-11-24	$148.88	$0.00	18.8%	5.4%	36.8%	5.6%	0.0%	-0.1%	-3.3%	-875	-91.8K	-444	0.00	118.28	0	0	11	46
2020-11-25	$147.21	$0.00	18.1%	5.2%	36.4%	4.9%	0.0%	2.9%	1.2%	-3.4K	-79.4K	-475	2.00	122.34	1	2	11	46
2020-11-27	$147.09	$0.00	18.2%	5.2%	36.4%	5.1%	0.0%	1.0%	1.2%	-3.4K	-87.6K	-516	0.00	123.42	0	0	12	46
2020-11-30	$147.61	$0.00	21.3%	6.1%	33.5%	8.2%	0.0%	2.6%	-2.3%	-1.7K	-92.3K	-511	0.00	122.62	0	0	12	46