LBRDA Options History — September 2021

In September 2021, LBRDA traded between $157.62 and $176.01. ATM implied volatility averaged 21.4%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 5.8% (HV 20d: 15.6%). Max pain ranged from $126.52 to $164.01. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.76.

Notable Days

2021-09-02: Highest Volume — 91 contracts
2021-09-07: Largest IV spike — 28.3% change
2021-09-29: Highest IV Rank — 17.1%
2021-09-29: Largest Expected Move — 7.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$164.54	$157.62	$176.01	$176.01	$157.98
Max Pain	$128.31	$126.52	$164.01	$164.01	$126.52
ATM IV	21.4%	16.5%	26.2%	16.5%	22.1%
Expected Move	6.1%	4.7%	7.5%	4.7%	6.3%
HV 20d	15.6%	10.1%	19.2%	10.1%	17.0%
HV 60d	16.5%	15.2%	17.9%	15.2%	16.8%
IV Rank	11.1%	4.9%	17.1%	4.9%	12.0%
IV Percentile	40.8%	13.5%	65.9%	13.5%	46.4%
Term Structure	1.1%	-6.3%	4.4%	-6.3%	1.4%
VWIV	20.6%	15.8%	28.7%	15.8%	28.7%
Skew 25d	3.1%	-3.0%	12.3%	12.3%	0.5%
Skew 10d	6.2%	-4.0%	22.7%	1.8%	2.8%
Call IV 25d	23.1%	15.7%	29.9%	17.0%	25.8%
Put IV 25d	26.2%	20.0%	32.3%	29.2%	26.3%
Bid-Ask Spread %	99.55	91.40	109.52	102.90	108.25
Gamma HHI	0.22	0.17	0.28	0.22	0.23
Net GEX	52.0K	988	128.5K	56.5K	26.5K
Net DEX	-1.0M	-2.1M	-479.5K	-2.1M	-513.5K
Net VEX	-7.1K	-8.9K	-5.3K	-7.4K	-5.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.76	0.00	5.00	0.46	0.00
Total Volume	20.857	0	91	54	0
Total OI	444.952	323	595	360	323

Daily Data (21 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
2021-09-01	$176.01	$164.01	16.5%	4.7%	10.1%	4.9%	15.8%	12.3%	-6.3%	56.5K	-2.1M	-7.4K	0.46	102.90	37	17	191	169
2021-09-02	$175.20	$126.52	19.3%	5.2%	10.5%	8.5%	20.0%	1.7%	3.2%	103.4K	-2.1M	-7.6K	0.00	96.61	91	0	234	169
2021-09-03	$173.96	$126.52	18.0%	5.6%	10.9%	6.8%	0.0%	7.3%	0.9%	114.4K	-1.9M	-8.9K	0.00	91.40	13	0	270	185
2021-09-07	$171.59	$126.52	23.1%	5.7%	11.7%	13.2%	22.6%	4.3%	1.2%	128.5K	-1.7M	-8.8K	0.23	97.82	60	14	347	185
2021-09-08	$171.50	$126.52	22.0%	6.3%	11.6%	11.8%	0.0%	1.9%	0.1%	121.1K	-1.7M	-8.5K	0.10	95.43	21	2	360	185
2021-09-09	$169.32	$126.52	18.1%	5.2%	12.1%	7.0%	20.6%	3.9%	1.7%	76.0K	-1.5M	-8.8K	0.00	97.03	2	0	380	192
2021-09-10	$168.43	$126.52	20.8%	6.0%	12.2%	10.3%	20.7%	1.5%	1.5%	93.0K	-1.4M	-8.8K	0.00	95.10	62	0	401	194
2021-09-13	$169.12	$126.52	17.0%	4.9%	12.3%	5.5%	0.0%	8.3%	4.4%	66.6K	-1.4M	-8.2K	0.40	96.27	5	2	400	194
2021-09-14	$162.21	$126.52	21.1%	6.1%	19.2%	10.7%	20.6%	2.8%	2.0%	15.8K	-623.5K	-7.4K	0.57	109.52	30	17	392	192
2021-09-15	$162.29	$126.52	18.2%	5.2%	19.0%	7.0%	22.1%	-3.0%	4.2%	45.0K	-738.0K	-7.8K	0.00	93.65	0	23	397	191
2021-09-16	$161.53	$126.52	21.2%	6.1%	19.0%	10.8%	17.8%	4.5%	2.4%	31.9K	-633.2K	-7.4K	1.13	92.51	9	10	399	185
2021-09-17	$160.99	$126.52	25.0%	7.2%	19.0%	15.6%	0.0%	-1.0%	1.4%	988	-635.6K	-7.3K	0.00	94.76	0	0	400	178
2021-09-20	$158.96	$126.52	22.2%	6.4%	18.3%	12.1%	0.0%	0.7%	3.2%	23.5K	-479.5K	-6.2K	2.00	96.37	1	2	185	150
2021-09-21	$159.95	$126.52	24.7%	7.1%	18.4%	15.3%	17.1%	5.9%	2.4%	24.5K	-540.6K	-6.6K	5.00	100.37	2	11	185	150
2021-09-22	$160.83	$126.52	21.8%	6.3%	18.6%	11.6%	0.0%	5.9%	0.1%	26.9K	-591.1K	-6.3K	0.00	104.89	0	0	184	150
2021-09-23	$160.35	$126.52	23.4%	6.7%	18.2%	13.6%	0.0%	3.2%	-1.5%	29.9K	-636.6K	-5.9K	0.00	104.42	0	0	184	142
2021-09-24	$159.63	$126.52	22.6%	6.5%	18.2%	12.6%	0.0%	3.6%	1.7%	27.8K	-625.0K	-5.9K	0.00	99.41	0	5	184	142
2021-09-27	$158.71	$126.52	20.9%	6.0%	16.9%	10.5%	28.7%	-2.6%	1.9%	28.0K	-541.6K	-5.6K	0.00	103.50	2	0	184	142
2021-09-28	$157.62	$126.52	24.8%	7.1%	16.6%	15.3%	0.0%	-2.1%	1.2%	25.8K	-504.4K	-5.5K	0.00	103.69	0	0	184	142
2021-09-29	$159.25	$126.52	26.2%	7.5%	17.3%	17.1%	0.0%	5.4%	-3.0%	26.0K	-562.5K	-5.7K	0.00	106.72	0	0	181	142
2021-09-30	$157.98	$126.52	22.1%	6.3%	17.0%	12.0%	0.0%	0.5%	1.4%	26.5K	-513.5K	-5.3K	0.00	108.25	0	0	181	142