LBRDA Options History — April 2022

In April 2022, LBRDA traded between $101.79 and $126.69. ATM implied volatility averaged 42.0%, placing in the 58.9% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 14.6% (HV 20d: 27.4%). Max pain ranged from $117.15 to $131.21. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.70.

Notable Days

2022-04-29: Highest Volume — 188 contracts
2022-04-11: Largest IV spike — 60.5% change
2022-04-11: Highest IV Rank — 100.0%
2022-04-28: Largest Expected Move — 15.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$120.34	$101.79	$126.69	$125.04	$101.79
Max Pain	$125.35	$117.15	$131.21	$117.15	$131.21
ATM IV	42.0%	32.1%	59.3%	32.1%	46.6%
Expected Move	10.9%	8.5%	15.9%	8.6%	13.4%
HV 20d	27.4%	21.5%	36.5%	22.2%	36.5%
HV 60d	27.5%	25.6%	29.7%	27.1%	29.6%
IV Rank	58.9%	29.4%	100.0%	29.4%	72.8%
IV Percentile	91.0%	75.8%	100.0%	75.8%	96.8%
Term Structure	-4.1%	-18.4%	8.3%	-7.0%	-1.4%
VWIV	38.3%	28.7%	57.2%	38.9%	44.6%
Skew 25d	6.1%	0.6%	18.2%	2.9%	3.2%
Skew 10d	8.1%	-22.4%	24.6%	-0.2%	-22.4%
Call IV 25d	38.1%	27.4%	55.6%	44.9%	48.4%
Put IV 25d	44.2%	34.0%	69.7%	47.8%	51.6%
Bid-Ask Spread %	87.01	69.39	107.17	69.39	90.24
Gamma HHI	0.30	0.14	0.48	0.39	0.36
Net GEX	-20.7K	-46.6K	2.8K	-30.3K	2.8K
Net DEX	601.0K	-434.8K	1.7M	523.9K	1.7M
Net VEX	-7.5K	-8.4K	-5.5K	-7.0K	-5.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.70	0.51	1.00	0.63	0.73
Total Volume	120.7	24	188	132	188
Total OI	471	373	549	444	538

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
2022-04-01	$125.04	$117.15	32.1%	8.6%	22.2%	29.4%	38.9%	2.9%	-7.0%	-30.3K	523.9K	-7.0K	0.63	69.39	81	51	207	237
2022-04-04	$125.99	$117.15	37.8%	8.9%	22.3%	38.0%	35.6%	6.7%	-2.4%	-46.6K	504.1K	-6.9K	0.59	79.25	81	48	212	246
2022-04-05	$124.89	$117.15	32.7%	9.0%	22.6%	30.4%	38.2%	7.6%	-3.0%	-37.2K	646.6K	-7.0K	0.58	72.08	81	47	218	252
2022-04-06	$126.16	$117.15	35.0%	9.2%	21.6%	33.8%	38.5%	9.8%	-4.5%	-32.0K	641.8K	-7.2K	0.54	94.60	87	47	223	257
2022-04-07	$124.65	$117.15	38.9%	8.7%	22.0%	39.6%	35.3%	6.6%	1.0%	-30.1K	713.9K	-7.1K	0.71	93.75	67	48	229	257
2022-04-08	$125.63	$117.15	35.4%	8.5%	22.1%	34.5%	37.3%	5.3%	-1.4%	-36.5K	532.2K	-7.4K	0.67	107.17	67	45	236	264
2022-04-11	$126.27	$117.15	56.9%	9.1%	21.5%	100.0%	43.7%	6.7%	2.2%	-38.6K	506.6K	-7.4K	0.51	73.58	89	45	241	269
2022-04-12	$124.36	$117.15	59.3%	9.7%	21.8%	100.0%	37.5%	2.0%	-4.2%	-32.0K	600.1K	-7.5K	0.52	94.35	89	46	245	274
2022-04-13	$126.69	$126.52	34.5%	9.9%	22.8%	46.9%	35.3%	12.2%	-5.3%	-36.5K	620.1K	-7.6K	0.65	88.11	89	58	251	281
2022-04-14	$125.24	$131.21	34.0%	9.8%	21.8%	45.9%	36.2%	5.4%	8.3%	-32.7K	688.3K	-7.7K	0.65	91.99	89	58	256	293
2022-04-18	$120.79	$131.21	36.2%	10.4%	25.0%	50.5%	38.2%	5.7%	-4.8%	-10.3K	-52.3K	-7.6K	0.79	85.89	41	32	189	184
2022-04-19	$126.36	$131.21	33.0%	9.4%	30.1%	43.6%	28.7%	7.9%	0.8%	-11.3K	-434.8K	-8.4K	0.66	90.12	57	37	198	194
2022-04-20	$123.23	$131.21	36.6%	10.5%	30.8%	51.4%	29.6%	4.3%	-5.9%	-13.4K	-12.6K	-8.4K	0.66	96.24	57	37	193	205
2022-04-21	$118.47	$131.21	42.2%	12.1%	33.4%	63.5%	32.2%	2.9%	-9.2%	-11.6K	488.8K	-8.3K	0.60	84.90	57	34	203	214
2022-04-22	$116.87	$131.21	41.6%	11.9%	33.6%	62.2%	35.7%	1.7%	-7.1%	-9.7K	694.8K	-8.2K	0.86	89.01	68	59	214	225
2022-04-25	$115.23	$131.21	43.8%	12.6%	33.7%	66.9%	40.1%	3.4%	-7.6%	-3.1K	625.2K	-8.0K	0.84	90.26	68	58	225	220
2022-04-26	$111.74	$131.21	54.9%	15.7%	34.5%	90.5%	44.7%	0.6%	-18.4%	-2.0K	878.7K	-7.6K	0.86	81.81	69	60	236	230
2022-04-27	$110.67	$131.21	52.9%	15.2%	33.7%	86.3%	0.0%	8.2%	-11.2%	-1.5K	948.6K	-8.0K	1.00	87.25	12	12	248	243
2022-04-28	$106.68	$131.21	55.6%	15.9%	35.2%	92.1%	57.2%	18.2%	-0.6%	-773	1.2M	-7.3K	0.91	80.15	81	74	259	254
2022-04-29	$101.79	$131.21	46.6%	13.4%	36.5%	72.8%	44.6%	3.2%	-1.4%	2.8K	1.7M	-5.5K	0.73	90.24	109	79	271	267