LBRDA Options History — April 2021

In April 2021, LBRDA traded between $134.12 and $147.59. ATM implied volatility averaged 35.9%, placing in the 20.5% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 18.9% (HV 20d: 17.0%). Max pain ranged from $126.52 to $140.58. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.80.

Notable Days

  • 2021-04-01: Highest Volume — 204 contracts
  • 2021-04-27: Largest IV spike — 103.9% change
  • 2021-04-12: Highest IV Rank — 64.3%
  • 2021-04-27: Largest Expected Move — 11.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$140.17$134.12$147.59$134.55$147.59
Max Pain$134.11$126.52$140.58$131.21$126.52
ATM IV35.9%17.6%78.9%40.6%33.1%
Expected Move7.2%5.1%11.8%11.6%9.5%
HV 20d17.0%14.1%22.3%22.3%14.1%
HV 60d30.9%20.1%34.6%34.6%20.1%
IV Rank20.5%1.9%64.3%25.2%17.6%
IV Percentile47.1%4.4%97.6%70.6%50.4%
Term Structure-5.4%-17.7%5.3%-15.1%-13.7%
VWIV33.6%12.9%48.0%29.8%12.9%
Skew 25d0.2%-10.3%10.0%10.0%8.9%
Skew 10d-0.7%-28.3%36.0%36.0%-7.6%
Call IV 25d34.9%19.2%47.1%19.2%41.9%
Put IV 25d35.1%19.7%50.8%29.2%50.8%
Bid-Ask Spread %119.22104.55135.30132.39135.30
Gamma HHI0.350.210.790.230.32
Net GEX-15.0K-208.2K220.9K2.4K31.3K
Net DEX-253.6K-971.8K670.1K189.6K-971.8K
Net VEX-3.5K-5.9K-2.3K-3.9K-2.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.004.194.190.00
Total Volume31.61902042041
Total OI379.333168642314208

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-04-01$134.55$131.2140.6%11.6%22.3%25.2%29.8%10.0%-15.1%2.4K189.6K-3.9K4.19132.3939165161153
2021-04-05$134.12$140.5847.9%6.2%19.9%32.6%0.0%5.4%2.8%-129.9K670.1K-5.3K0.00118.8100194310
2021-04-06$135.14$140.5844.6%7.0%19.3%29.3%41.1%9.9%1.9%-72.8K270.8K-4.9K0.06125.92171198310
2021-04-07$134.25$140.5851.0%5.4%19.4%35.9%48.0%-7.0%-2.4%-208.2K306.5K-4.4K0.00128.94520211309
2021-04-08$134.50$140.5863.5%8.1%17.0%48.6%0.0%2.9%-4.4%-46.0K388.8K-5.9K1.50128.531522233309
2021-04-09$134.47$140.5853.5%5.7%16.8%38.4%45.3%-7.1%0.7%-115.1K528.7K-5.2K0.36130.432710239332
2021-04-12$136.49$140.5878.9%7.8%17.8%64.3%0.0%7.9%-8.4%-62.7K336.7K-5.0K0.47130.392010243341
2021-04-13$137.39$140.5855.1%8.4%17.9%40.0%31.5%2.1%-5.7%-56.1K-139.2K-3.7K1.45125.745073264349
2021-04-14$136.28$140.5817.6%5.1%15.5%1.9%0.0%-0.6%5.3%-100.0K-106.4K-3.1K0.29106.5872275349
2021-04-15$139.11$140.5824.3%7.0%17.5%8.7%31.5%-10.3%-2.0%22.9K-445.6K-3.5K3.25113.94414277351
2021-04-16$141.27$140.5818.1%5.2%16.9%2.3%39.2%-0.9%0.1%220.9K-811.5K-2.6K0.00104.89480281361
2021-04-19$141.53$140.5818.7%5.3%16.9%2.9%29.2%-1.4%3.3%6.9K-441.8K-2.7K0.38114.93939375
2021-04-20$143.16$126.5219.5%5.6%16.5%3.8%37.4%-1.4%2.3%12.4K-487.9K-2.7K0.10104.5511110178
2021-04-21$144.51$126.5220.9%6.0%16.6%5.2%23.4%-9.2%-3.1%24.0K-578.3K-2.8K0.33111.733111279
2021-04-22$145.20$126.5224.4%7.0%16.7%8.8%0.0%-3.7%-11.5%34.5K-663.1K-2.8K0.00113.200011380
2021-04-23$145.54$126.5227.9%8.0%15.5%12.3%0.0%-5.8%-17.5%26.6K-674.7K-2.8K0.00111.510011380
2021-04-26$143.97$126.5220.2%5.8%15.1%4.5%0.0%0.3%-6.2%23.9K-612.0K-2.8K0.50112.912111380
2021-04-27$143.58$126.5241.3%11.8%15.1%25.9%0.0%2.9%-17.7%15.6K-671.7K-2.9K0.00123.010011681
2021-04-28$143.93$126.5227.3%7.8%14.9%11.7%0.0%8.1%-13.2%20.2K-583.0K-2.6K0.00118.8904511681
2021-04-29$146.95$126.5225.6%7.3%15.5%10.0%12.9%-6.7%-9.4%34.3K-829.8K-2.3K0.00111.0411011681
2021-04-30$147.59$126.5233.1%9.5%14.1%17.6%0.0%8.9%-13.7%31.3K-971.8K-2.4K0.00135.301012781