LBRDA Options History — March 2021

In March 2021, LBRDA traded between $135.86 and $142.56. ATM implied volatility averaged 26.2%, placing in the 10.6% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 0.6% (HV 20d: 25.6%). Max pain ranged from $126.52 to $140.58. Net GEX was positive for 17 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 1.61.

Notable Days

  • 2021-03-31: Highest Volume — 70 contracts
  • 2021-03-29: Largest IV spike — 44.2% change
  • 2021-03-30: Highest IV Rank — 24.7%
  • 2021-03-30: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$139.16$135.86$142.56$138.47$136.35
Max Pain$132.84$126.52$140.58$126.52$131.21
ATM IV26.2%21.3%40.0%25.4%31.6%
Expected Move7.4%6.1%11.5%7.3%9.1%
HV 20d25.6%21.8%28.4%25.7%21.8%
HV 60d35.5%34.6%36.3%35.1%34.6%
IV Rank10.6%5.7%24.7%9.8%16.1%
IV Percentile19.9%9.5%68.3%13.1%39.7%
Term Structure0.5%-12.0%3.4%0.2%2.1%
VWIV24.7%18.0%38.1%29.3%20.6%
Skew 25d5.6%-4.8%15.5%7.7%-4.8%
Skew 10d14.4%3.9%55.9%20.4%40.9%
Call IV 25d22.5%17.7%33.7%22.9%33.7%
Put IV 25d28.1%23.3%36.5%30.5%28.9%
Bid-Ask Spread %91.9371.95129.8698.59129.86
Gamma HHI0.320.220.570.370.26
Net GEX19.7K-21.7K105.9K29.8K-21.7K
Net DEX-21.3K-165.0K311.8K-153.4K311.8K
Net VEX-1.6K-3.6K-1.0K-1.3K-3.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.610.0013.002.670.12
Total Volume21.9570703670
Total OI175.52293267101267

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-03-01$138.47$126.5225.4%7.3%25.7%9.8%29.3%7.7%0.2%29.8K-153.4K-1.3K2.6798.5910266833
2021-03-02$138.64$140.5824.0%6.9%24.9%8.4%33.1%8.1%1.3%20.8K-96.4K-1.3K0.00102.87066348
2021-03-03$136.33$140.5829.5%8.5%23.5%14.0%27.7%11.6%-1.9%7.8K-7.9K-1.2K0.00124.420126354
2021-03-04$135.86$131.2129.7%7.9%22.7%14.2%0.0%4.1%-0.5%2.4K12.0K-1.3K3.6077.175196361
2021-03-05$139.49$131.2122.8%7.0%24.5%7.2%0.0%9.7%2.7%17.2K-114.3K-1.1K2.50108.38255882
2021-03-08$137.12$131.2130.8%8.0%25.3%15.2%0.0%4.8%-0.6%-3.7K15.8K-1.1K0.7177.64755785
2021-03-09$137.39$131.2129.4%7.8%25.2%13.9%0.0%4.7%0.2%-4.2K7.2K-1.0K0.6077.221164980
2021-03-10$140.75$131.2123.9%6.9%26.4%8.3%0.0%5.0%2.4%34.1K-141.5K-1.1K0.0585.692216089
2021-03-11$139.47$131.2124.3%7.0%26.2%8.6%0.0%5.6%2.8%39.1K-123.1K-1.1K0.0077.67908190
2021-03-12$139.64$131.2124.5%7.0%26.2%8.9%0.0%5.0%3.4%49.0K-123.3K-1.1K0.1782.41619090
2021-03-15$138.87$131.2124.9%7.1%26.2%9.3%23.2%3.8%1.8%28.0K-20.4K-1.2K1.2781.69121596112
2021-03-16$142.24$131.2123.9%6.9%27.5%8.3%21.9%4.1%1.4%105.9K-165.0K-1.5K0.0089.03140109127
2021-03-17$141.81$131.2124.9%7.1%27.5%9.3%21.8%5.6%2.5%92.0K-160.8K-1.4K0.0077.1940114127
2021-03-18$139.00$131.2125.5%7.3%28.4%9.9%22.8%4.3%1.4%6.2K11.6K-1.3K0.5071.9521112127
2021-03-19$138.80$131.2124.2%6.9%28.1%8.6%0.0%3.9%1.3%-221.8K-1.2K0.0078.0000112127
2021-03-22$140.87$135.9022.4%6.4%27.9%6.7%22.1%4.3%2.0%5.0K-14.9K-1.1K0.6887.0130203657
2021-03-23$142.00$135.9021.5%6.2%28.0%5.9%18.0%6.4%2.9%20.8K-97.5K-1.5K0.0891.981416675
2021-03-24$142.56$135.9021.3%6.1%27.7%5.7%19.5%4.5%2.5%28.9K-162.4K-1.6K0.5082.51217576
2021-03-25$140.41$135.9022.1%6.3%27.5%6.4%21.5%3.3%2.7%10.1K-61.6K-1.6K4.1888.2812497577
2021-03-26$138.38$135.9022.7%6.5%22.2%7.1%22.4%1.3%1.0%-15.3K210.7K-3.2K0.2074.9221485126
2021-03-29$138.53$131.2132.8%9.4%22.2%17.3%27.8%15.5%-12.0%6.9K140.7K-3.4K13.00120.31114112129
2021-03-30$137.80$131.2140.0%11.5%22.3%24.7%38.1%9.3%-8.6%-6.5K221.5K-3.6K1.35129.492837112142
2021-03-31$136.35$131.2131.6%9.1%21.8%16.1%20.6%-4.8%2.1%-21.7K311.8K-3.6K0.12129.86637120147