LBRDA Options History — February 2021

In February 2021, LBRDA traded between $131.72 and $139.69. ATM implied volatility averaged 35.5%, placing in the 20.2% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded below realized volatility by 13.9% (HV 20d: 49.4%). Max pain ranged from $126.52 to $149.95. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 1.43.

Notable Days

2021-02-26: Highest Volume — 76 contracts
2021-02-10: Largest IV drop — 33.3% change
2021-02-09: Highest IV Rank — 30.0%
2021-02-03: Largest Expected Move — 11.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$137.02	$131.72	$139.69	$135.14	$138.34
Max Pain	$135.65	$126.52	$149.95	$149.95	$126.52
ATM IV	35.5%	28.8%	45.0%	39.0%	30.8%
Expected Move	9.2%	6.7%	11.5%	11.2%	8.8%
HV 20d	49.4%	32.8%	52.0%	50.9%	32.8%
HV 60d	34.3%	33.4%	37.0%	37.0%	35.2%
IV Rank	20.2%	13.5%	30.0%	23.9%	15.3%
IV Percentile	48.2%	27.0%	76.6%	62.7%	30.2%
Term Structure	-6.6%	-21.1%	7.4%	-12.2%	-2.5%
VWIV	27.3%	17.4%	44.1%	31.8%	44.1%
Skew 25d	5.7%	-20.4%	36.8%	24.2%	23.0%
Skew 10d	10.6%	1.1%	55.1%	10.0%	7.7%
Call IV 25d	37.4%	23.3%	51.1%	31.9%	23.3%
Put IV 25d	43.1%	23.1%	63.7%	56.2%	46.4%
Bid-Ask Spread %	134.38	127.07	138.48	134.53	134.07
Gamma HHI	0.39	0.21	0.55	0.49	0.27
Net GEX	-17.6K	-37.4K	15.7K	-26.3K	4.7K
Net DEX	532.2K	-73.6K	1.0M	833.8K	-73.6K
Net VEX	-1.5K	-2.3K	-879	-1.7K	-1.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.43	0.00	2.09	0.00	2.09
Total Volume	7.789	0	76	3	76
Total OI	157.947	57	182	178	127

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
2021-02-01	$135.14	$149.95	39.0%	11.2%	50.9%	23.9%	31.8%	24.2%	-12.2%	-26.3K	833.8K	-1.7K	0.00	134.53	3	0	79	99
2021-02-02	$138.99	$145.27	38.8%	11.1%	51.8%	23.7%	0.0%	19.9%	-14.5%	-21.4K	558.7K	-2.3K	0.00	131.69	0	0	82	99
2021-02-03	$136.58	$145.27	40.0%	11.5%	51.9%	24.9%	0.0%	36.8%	-21.1%	-16.3K	706.1K	-1.9K	0.00	135.43	0	1	82	99
2021-02-04	$137.81	$135.90	39.5%	7.7%	51.9%	24.4%	0.0%	0.3%	-1.5%	-20.6K	874.8K	-1.6K	0.00	127.07	0	0	82	100
2021-02-05	$137.55	$135.90	42.4%	6.7%	51.8%	27.4%	0.0%	10.2%	7.4%	-37.4K	842.0K	-1.7K	0.00	134.62	0	0	82	100
2021-02-08	$138.36	$135.90	42.6%	7.8%	51.9%	27.5%	0.0%	-0.4%	-5.8%	-12.1K	412.8K	-2.1K	0.00	133.18	0	0	82	100
2021-02-09	$139.69	$135.90	45.0%	7.7%	52.0%	30.0%	0.0%	8.2%	-5.1%	-34.6K	645.9K	-1.9K	0.00	132.30	0	0	82	100
2021-02-10	$137.90	$135.90	30.0%	8.6%	50.7%	14.8%	0.0%	8.3%	1.2%	-21.2K	607.6K	-1.9K	0.00	130.36	0	0	82	100
2021-02-11	$138.27	$135.90	28.8%	8.2%	50.7%	13.5%	0.0%	1.6%	-6.5%	-34.0K	722.7K	-1.6K	0.00	136.09	0	0	82	100
2021-02-12	$137.47	$135.90	29.4%	8.4%	50.6%	14.2%	0.0%	0.8%	-1.8%	-29.5K	719.6K	-1.6K	0.00	137.62	0	0	82	100
2021-02-16	$138.20	$135.90	30.8%	8.8%	50.2%	15.3%	0.0%	1.4%	-5.3%	-32.0K	697.0K	-1.4K	0.00	137.54	0	0	82	100
2021-02-17	$138.89	$135.90	30.0%	8.6%	50.3%	14.5%	0.0%	1.2%	-8.5%	-37.2K	690.4K	-1.3K	0.00	137.87	0	0	82	100
2021-02-18	$138.03	$135.90	32.5%	9.3%	49.7%	17.0%	0.0%	1.4%	-7.6%	-37.3K	768.8K	-1.2K	0.00	137.61	0	0	82	100
2021-02-19	$136.63	$135.90	31.9%	9.1%	49.7%	16.4%	0.0%	1.0%	-1.5%	15.7K	1.0M	-957	0.00	138.48	0	0	82	100
2021-02-22	$134.68	$135.90	33.2%	9.5%	49.8%	17.7%	26.3%	0.2%	-4.5%	8.1K	-45.6K	-879	1.40	132.57	5	7	38	19
2021-02-23	$135.15	$126.52	33.8%	9.7%	49.9%	18.4%	20.0%	-7.1%	-5.8%	5.9K	-35.4K	-976	2.00	135.90	7	15	43	28
2021-02-24	$134.02	$126.52	36.3%	10.4%	49.9%	20.9%	23.9%	-20.4%	-10.0%	-200	24.2K	-1.2K	1.67	133.68	6	11	50	44
2021-02-25	$131.72	$126.52	39.5%	11.3%	41.8%	24.1%	17.4%	-2.9%	-18.7%	-8.9K	138.5K	-1.3K	0.00	132.70	0	17	53	57
2021-02-26	$138.34	$126.52	30.8%	8.8%	32.8%	15.3%	44.1%	23.0%	-2.5%	4.7K	-73.6K	-1.4K	2.09	134.07	25	51	53	74