LBRDA Options History — January 2021

In January 2021, LBRDA traded between $133.52 and $145.47. ATM implied volatility averaged 27.8%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded below realized volatility by 1.0% (HV 20d: 28.8%). Max pain ranged from $145.27 to $145.27. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.83.

Notable Days

2021-01-11: Highest Volume — 21 contracts
2021-01-29: Largest IV spike — 75.6% change
2021-01-29: Highest IV Rank — 29.7%
2021-01-29: Largest Expected Move — 12.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$141.57	$133.52	$145.47	$144.84	$137.41
Max Pain	$145.27	$145.27	$145.27	$145.27	$145.27
ATM IV	27.8%	23.4%	44.8%	24.8%	44.8%
Expected Move	7.6%	6.7%	12.8%	6.9%	12.8%
HV 20d	28.8%	22.8%	51.2%	24.9%	51.2%
HV 60d	29.3%	27.8%	37.1%	28.0%	37.1%
IV Rank	12.5%	8.0%	29.7%	9.4%	29.7%
IV Percentile	27.2%	17.1%	75.8%	18.3%	75.8%
Term Structure	-0.9%	-12.9%	3.0%	0.0%	-12.9%
VWIV	26.4%	21.5%	38.2%	26.5%	38.2%
Skew 25d	4.3%	0.7%	10.3%	4.6%	10.3%
Skew 10d	8.9%	3.5%	16.8%	8.8%	16.8%
Call IV 25d	23.7%	20.7%	28.7%	20.7%	28.7%
Put IV 25d	28.0%	24.5%	39.0%	25.3%	39.0%
Bid-Ask Spread %	79.31	67.97	110.93	74.39	103.09
Gamma HHI	0.53	0.35	0.67	0.67	0.50
Net GEX	-57.0K	-101.5K	-24.1K	-59.9K	-29.4K
Net DEX	566.4K	334.8K	831.3K	450.6K	689.4K
Net VEX	-2.4K	-2.7K	-1.8K	-2.5K	-2.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.83	0.00	7.50	0.00	0.00
Total Volume	4.684	0	21	0	2
Total OI	165.368	135	197	155	176

Daily Data (19 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
2021-01-04	$144.84	$145.27	24.8%	6.9%	24.9%	9.4%	0.0%	4.6%	0.0%	-59.9K	450.6K	-2.5K	0.00	74.39	0	0	22	133
2021-01-05	$142.79	$145.27	25.6%	6.8%	25.0%	10.3%	0.0%	3.2%	-0.9%	-61.1K	562.6K	-2.4K	0.00	76.53	0	1	22	133
2021-01-06	$141.12	$145.27	29.5%	6.8%	25.0%	14.2%	0.0%	4.1%	-0.3%	-63.4K	645.0K	-2.4K	0.00	72.04	0	5	22	134
2021-01-07	$142.01	$145.27	25.8%	6.9%	25.0%	10.5%	0.0%	4.7%	-0.8%	-69.1K	623.4K	-2.4K	0.00	74.37	4	0	22	140
2021-01-08	$142.32	$145.27	25.8%	6.8%	24.6%	10.5%	0.0%	3.4%	-0.7%	-69.0K	610.3K	-2.4K	0.00	77.43	0	1	22	140
2021-01-11	$142.56	$145.27	29.9%	7.8%	24.4%	14.7%	0.0%	5.4%	-1.9%	-67.8K	582.8K	-2.3K	0.00	74.29	21	0	18	141
2021-01-12	$137.76	$145.27	35.0%	8.0%	26.8%	19.8%	0.0%	4.3%	-1.5%	-60.6K	761.3K	-2.5K	0.00	72.51	0	4	39	141
2021-01-13	$137.04	$145.27	28.1%	8.0%	26.8%	12.8%	0.0%	5.1%	-1.7%	-66.8K	822.0K	-2.4K	7.50	70.96	2	16	39	144
2021-01-14	$138.33	$145.27	25.8%	7.4%	27.3%	10.5%	0.0%	4.6%	0.6%	-101.5K	802.4K	-2.4K	0.00	76.14	0	0	37	160
2021-01-15	$140.82	$145.27	28.3%	8.1%	28.3%	13.0%	26.5%	4.0%	-2.6%	-65.1K	579.3K	-2.6K	0.00	76.41	4	0	37	160
2021-01-19	$141.11	$145.27	25.8%	7.4%	27.4%	10.5%	0.0%	6.3%	-0.0%	-48.4K	594.0K	-2.4K	0.00	73.25	0	0	39	96
2021-01-20	$143.85	$145.27	23.8%	6.8%	27.3%	8.4%	21.5%	4.5%	0.7%	-53.6K	441.7K	-2.6K	0.00	80.33	1	0	41	96
2021-01-21	$144.99	$145.27	23.4%	6.7%	27.4%	8.0%	22.4%	3.8%	1.4%	-56.3K	367.7K	-2.6K	0.00	73.84	15	0	42	96
2021-01-22	$144.61	$145.27	23.7%	6.8%	25.1%	8.3%	22.7%	3.0%	1.3%	-46.2K	353.2K	-2.7K	0.00	72.20	4	0	67	96
2021-01-25	$144.88	$145.27	24.8%	7.1%	24.0%	9.4%	23.3%	3.1%	1.4%	-45.5K	334.8K	-2.7K	0.00	67.97	5	0	71	96
2021-01-26	$144.43	$145.27	25.0%	7.2%	22.8%	9.7%	0.0%	3.7%	1.0%	-46.1K	372.9K	-2.6K	0.00	70.37	0	0	77	96
2021-01-27	$133.52	$145.27	32.8%	9.4%	35.4%	17.5%	0.0%	3.0%	-2.5%	-24.1K	831.3K	-1.8K	0.00	110.93	0	1	77	96
2021-01-28	$145.47	$145.27	25.5%	7.3%	47.5%	10.2%	30.2%	0.7%	3.0%	-49.1K	337.3K	-2.5K	0.00	109.89	3	0	77	97
2021-01-29	$137.41	$145.27	44.8%	12.8%	51.2%	29.7%	38.2%	10.3%	-12.9%	-29.4K	689.4K	-2.1K	0.00	103.09	0	2	79	97