LBRDA Options History — May 2021

In May 2021, LBRDA traded between $146.19 and $153.20. ATM implied volatility averaged 18.7%, placing in the 3.1% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 0.4% (HV 20d: 18.3%). Max pain ranged from $126.52 to $154.64. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 1.39.

Notable Days

2021-05-10: Highest Volume — 45 contracts
2021-05-06: Largest IV spike — 43.9% change
2021-05-06: Highest IV Rank — 10.2%
2021-05-04: Largest Expected Move — 6.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$149.81	$146.19	$153.20	$148.29	$151.86
Max Pain	$141.28	$126.52	$154.64	$126.52	$154.64
ATM IV	18.7%	15.1%	25.8%	20.6%	16.3%
Expected Move	5.3%	4.3%	6.5%	5.9%	4.7%
HV 20d	18.3%	13.8%	21.9%	13.8%	20.8%
HV 60d	20.6%	19.4%	22.0%	20.1%	19.4%
IV Rank	3.1%	0.0%	10.2%	4.9%	1.3%
IV Percentile	8.3%	0.0%	26.2%	11.1%	2.8%
Term Structure	1.5%	-5.4%	7.4%	-5.4%	-0.9%
VWIV	19.1%	12.1%	25.7%	25.7%	12.1%
Skew 25d	0.3%	-8.8%	8.5%	8.5%	1.1%
Skew 10d	1.8%	-5.9%	17.5%	17.5%	1.9%
Call IV 25d	21.4%	15.5%	26.2%	24.8%	15.5%
Put IV 25d	21.7%	16.7%	33.3%	33.3%	16.7%
Bid-Ask Spread %	96.11	88.08	112.95	112.95	95.45
Gamma HHI	0.39	0.18	0.62	0.36	0.27
Net GEX	100.3K	17.2K	179.9K	49.9K	46.9K
Net DEX	-983.2K	-1.5M	-606.2K	-895.8K	-647.2K
Net VEX	-2.7K	-3.0K	-2.2K	-2.8K	-2.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.39	0.00	15.00	0.40	1.67
Total Volume	13.95	0	45	15	8
Total OI	257.4	177	301	208	238

Daily Data (20 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
2021-05-03	$148.29	$126.52	20.6%	5.9%	13.8%	4.9%	25.7%	8.5%	-5.4%	49.9K	-895.8K	-2.8K	0.40	112.95	11	4	127	81
2021-05-04	$146.31	$126.52	22.5%	6.5%	15.3%	6.9%	0.0%	-2.6%	-2.0%	53.4K	-839.5K	-2.6K	0.00	100.46	3	0	138	85
2021-05-05	$147.43	$126.52	18.0%	5.1%	14.8%	2.2%	0.0%	8.1%	5.1%	64.7K	-902.6K	-2.7K	0.00	104.24	16	0	145	85
2021-05-06	$147.46	$140.58	25.8%	5.2%	14.9%	10.2%	0.0%	-3.1%	6.6%	68.1K	-962.3K	-2.9K	0.06	93.23	17	1	161	85
2021-05-07	$151.55	$140.58	17.4%	5.6%	16.8%	1.6%	0.0%	-4.3%	0.1%	151.6K	-1.4M	-2.9K	6.00	92.89	1	6	179	86
2021-05-10	$151.35	$140.58	16.2%	5.0%	16.6%	0.5%	22.0%	-8.8%	3.0%	168.3K	-1.3M	-2.8K	0.24	88.80	36	9	180	82
2021-05-11	$150.02	$140.58	18.8%	5.1%	17.3%	3.0%	0.0%	-1.2%	4.9%	177.9K	-1.3M	-2.9K	0.10	88.08	11	1	208	81
2021-05-12	$148.67	$140.58	19.3%	5.5%	17.4%	3.6%	0.0%	-1.7%	-1.4%	152.0K	-1.2M	-2.8K	0.00	94.53	22	0	219	82
2021-05-13	$149.11	$140.58	16.0%	4.6%	16.3%	0.2%	0.0%	-1.6%	1.7%	148.6K	-1.3M	-2.9K	0.00	92.46	41	0	216	82
2021-05-14	$151.88	$140.58	17.7%	5.1%	16.7%	2.0%	16.8%	-0.3%	0.5%	159.1K	-1.5M	-2.5K	0.00	92.10	1	0	209	82
2021-05-17	$148.84	$140.58	17.9%	5.1%	18.7%	2.2%	0.0%	2.4%	5.3%	116.7K	-990.1K	-2.4K	0.00	89.21	4	0	209	76
2021-05-18	$147.85	$140.58	19.2%	5.5%	18.6%	3.6%	0.0%	1.8%	-2.3%	94.8K	-916.4K	-2.2K	0.00	94.03	5	0	211	76
2021-05-19	$146.19	$140.58	21.2%	6.1%	18.9%	5.8%	0.0%	2.2%	-4.5%	53.2K	-732.6K	-2.7K	0.00	101.11	0	1	221	76
2021-05-20	$150.32	$140.58	20.3%	5.8%	21.2%	4.9%	21.5%	0.7%	-2.4%	170.7K	-1.1M	-2.3K	0.00	96.54	1	0	221	76
2021-05-21	$150.29	$140.58	19.3%	5.5%	21.3%	3.8%	0.0%	4.6%	-0.0%	179.9K	-1.1M	-2.2K	15.00	96.89	1	16	222	76
2021-05-24	$153.20	$140.58	16.1%	4.6%	21.6%	0.3%	14.2%	6.3%	6.3%	17.2K	-606.2K	-2.5K	0.19	94.38	29	5	90	87
2021-05-25	$152.16	$154.64	20.8%	6.0%	21.8%	5.4%	0.0%	-0.5%	1.2%	41.7K	-679.3K	-3.0K	0.00	95.82	0	0	117	93
2021-05-26	$151.79	$154.64	15.2%	4.4%	21.9%	0.0%	19.3%	-5.0%	7.4%	48.7K	-662.3K	-2.9K	0.00	102.92	4	0	128	93
2021-05-27	$151.55	$154.64	15.1%	4.3%	20.8%	0.0%	21.4%	0.0%	5.8%	42.1K	-610.7K	-2.8K	1.30	96.08	11	14	132	93
2021-05-28	$151.86	$154.64	16.3%	4.7%	20.8%	1.3%	12.1%	1.1%	-0.9%	46.9K	-647.2K	-2.7K	1.67	95.45	3	5	143	95