LBRDA Options History — December 2020

In December 2020, LBRDA traded between $142.87 and $151.57. ATM implied volatility averaged 18.7%, placing in the 5.1% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded below realized volatility by 1.2% (HV 20d: 19.9%). Max pain ranged from $135.90 to $140.58. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 17 of 22 days. Put/call ratio averaged 7.75.

Notable Days

2020-12-18: Highest Volume — 82 contracts
2020-12-28: Largest IV spike — 29.4% change
2020-12-21: Highest IV Rank — 10.4%
2020-12-21: Largest Expected Move — 6.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$148.12	$142.87	$151.57	$149.55	$147.80
Max Pain	$137.54	$135.90	$140.58	$135.90	$140.58
ATM IV	18.7%	15.8%	23.5%	19.9%	17.2%
Expected Move	5.1%	4.4%	6.7%	5.7%	4.9%
HV 20d	19.9%	14.2%	30.9%	30.9%	23.9%
HV 60d	28.1%	26.8%	29.1%	29.1%	27.8%
IV Rank	5.1%	1.7%	10.4%	6.7%	1.7%
IV Percentile	8.2%	0.8%	17.9%	11.1%	5.2%
Term Structure	2.4%	-6.6%	9.2%	-6.6%	3.0%
VWIV	19.4%	18.0%	22.0%	18.0%	18.3%
Skew 25d	-1.5%	-8.8%	4.5%	-0.1%	4.5%
Skew 10d	2.6%	-10.3%	8.3%	0.7%	7.2%
Call IV 25d	23.8%	16.8%	33.6%	26.7%	19.3%
Put IV 25d	22.3%	16.7%	28.5%	26.6%	23.8%
Bid-Ask Spread %	109.54	95.32	125.08	120.15	95.32
Gamma HHI	0.47	0.27	0.76	0.51	0.76
Net GEX	-20.6K	-60.0K	3.0K	-3.9K	-56.3K
Net DEX	68.5K	-149.5K	538.2K	-108.8K	312.3K
Net VEX	-1.3K	-2.8K	-365	-430	-2.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	7.75	0.00	37.50	0.50	0.00
Total Volume	4.545	0	82	0	0
Total OI	97.5	58	155	58	155

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
2020-12-01	$149.55	$0.00	19.9%	5.7%	30.9%	6.7%	0.0%	-0.1%	-6.6%	-3.9K	-108.8K	-430	0.00	120.15	0	0	12	46
2020-12-02	$150.15	$0.00	18.7%	5.4%	30.5%	5.6%	0.0%	-1.1%	-2.6%	1.5K	-122.3K	-365	0.50	125.08	2	1	12	46
2020-12-03	$149.78	$135.90	18.5%	4.6%	22.9%	5.4%	18.0%	1.7%	4.3%	754	-135.4K	-470	0.25	107.84	4	1	14	47
2020-12-04	$150.78	$135.90	17.5%	4.4%	22.1%	4.4%	0.0%	-1.4%	5.8%	3.0K	-147.1K	-567	0.00	106.04	0	0	17	48
2020-12-07	$151.57	$135.90	22.2%	4.4%	22.1%	9.0%	0.0%	0.5%	9.2%	290	-149.5K	-573	0.00	105.64	0	0	17	48
2020-12-08	$149.65	$135.90	23.2%	4.7%	15.7%	10.0%	0.0%	0.5%	3.1%	1.8K	-139.0K	-578	0.00	107.03	0	0	17	48
2020-12-09	$147.35	$135.90	17.2%	4.9%	16.8%	4.1%	22.0%	1.7%	5.2%	-1.8K	-104.6K	-697	0.00	106.86	0	2	17	49
2020-12-10	$148.41	$135.90	16.9%	4.9%	16.8%	3.8%	0.0%	0.8%	2.3%	-413	-122.2K	-648	0.00	106.37	0	0	17	51
2020-12-11	$148.90	$135.90	17.4%	5.0%	16.8%	4.3%	0.0%	1.1%	3.0%	-289	-125.8K	-645	0.00	105.92	0	0	17	51
2020-12-14	$148.49	$135.90	17.2%	4.9%	15.3%	4.1%	0.0%	2.3%	1.0%	-990	-114.0K	-683	0.00	107.45	0	0	17	51
2020-12-15	$147.84	$135.90	16.1%	4.6%	15.2%	3.0%	0.0%	1.4%	2.3%	-1.4K	-112.1K	-673	0.00	108.59	0	0	17	51
2020-12-16	$147.60	$135.90	16.6%	4.8%	14.5%	3.5%	0.0%	-5.8%	7.4%	-4.0K	-105.0K	-667	0.00	105.98	0	1	17	51
2020-12-17	$150.09	$135.90	16.5%	4.7%	14.2%	3.4%	0.0%	1.2%	3.3%	2.1K	-138.4K	-598	0.00	113.07	0	0	17	52
2020-12-18	$146.51	$135.90	20.4%	5.9%	16.7%	7.3%	0.0%	-3.5%	-1.3%	-3.3K	-93.8K	-708	37.50	106.77	2	80	17	52
2020-12-21	$147.32	$135.90	23.5%	6.7%	15.7%	10.4%	18.3%	-4.7%	-1.3%	-55.3K	396.1K	-2.6K	0.50	111.72	4	2	17	132
2020-12-22	$142.87	$140.58	18.9%	5.4%	18.8%	5.7%	0.0%	-3.5%	0.1%	-57.1K	538.2K	-2.8K	0.00	112.40	0	0	21	133
2020-12-23	$145.79	$140.58	18.5%	5.3%	20.3%	5.4%	0.0%	-7.3%	7.2%	-54.8K	423.8K	-2.7K	0.00	111.63	0	0	21	133
2020-12-24	$148.65	$140.58	15.8%	4.5%	21.2%	2.7%	0.0%	-6.6%	1.4%	-59.0K	342.0K	-2.7K	0.00	110.75	0	0	21	133
2020-12-28	$146.10	$140.58	20.4%	5.9%	22.1%	5.0%	0.0%	-8.8%	-2.1%	-60.0K	419.7K	-2.6K	0.00	112.09	0	0	21	133
2020-12-29	$148.11	$140.58	19.1%	5.5%	22.6%	3.7%	0.0%	-4.1%	1.8%	-48.3K	358.7K	-2.6K	0.00	113.56	1	0	21	133
2020-12-30	$145.35	$140.58	19.2%	5.5%	23.1%	3.8%	0.0%	-2.8%	6.1%	-56.2K	434.2K	-2.6K	0.00	109.64	0	0	22	133
2020-12-31	$147.80	$140.58	17.2%	4.9%	23.9%	1.7%	0.0%	4.5%	3.0%	-56.3K	312.3K	-2.5K	0.00	95.32	0	0	22	133