LBRDA Options History — May 2022

In May 2022, LBRDA traded between $99.15 and $114.94. ATM implied volatility averaged 44.5%, placing in the 68.4% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 8.8% (HV 20d: 35.7%). Max pain ranged from $103.09 to $117.15. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.96.

Notable Days

2022-05-31: Highest Volume — 513 contracts
2022-05-27: Largest IV drop — 27.4% change
2022-05-03: Highest IV Rank — 89.5%
2022-05-03: Largest Expected Move — 15.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$105.63	$99.15	$114.94	$100.95	$114.94
Max Pain	$115.14	$103.09	$117.15	$103.09	$117.15
ATM IV	44.5%	29.0%	54.4%	48.8%	35.3%
Expected Move	12.2%	8.3%	15.6%	14.0%	10.1%
HV 20d	35.7%	27.1%	41.1%	35.4%	27.1%
HV 60d	31.0%	29.6%	32.3%	29.6%	30.5%
IV Rank	68.4%	35.2%	89.5%	77.5%	48.7%
IV Percentile	90.5%	55.2%	98.4%	97.6%	75.8%
Term Structure	-1.6%	-7.6%	9.3%	4.7%	9.3%
VWIV	41.9%	34.7%	50.3%	43.8%	42.5%
Skew 25d	9.2%	-2.9%	22.1%	22.1%	6.0%
Skew 10d	15.4%	-7.8%	36.1%	6.2%	10.2%
Call IV 25d	40.8%	33.9%	60.3%	48.8%	44.5%
Put IV 25d	50.0%	38.4%	71.0%	71.0%	50.6%
Bid-Ask Spread %	94.29	82.42	100.77	86.85	96.42
Gamma HHI	0.28	0.23	0.32	0.30	0.23
Net GEX	12.1K	4.5K	23.4K	10.8K	4.5K
Net DEX	1.4M	619.9K	1.9M	1.6M	619.9K
Net VEX	-5.9K	-6.6K	-4.5K	-5.7K	-6.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.96	0.18	1.19	0.89	0.18
Total Volume	198.19	156	513	198	513
Total OI	611.476	570	635	570	587

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
2022-05-02	$100.95	$103.09	48.8%	14.0%	35.4%	77.5%	43.8%	22.1%	4.7%	10.8K	1.6M	-5.7K	0.89	86.85	105	93	297	273
2022-05-03	$99.15	$103.09	54.4%	15.6%	34.8%	89.5%	50.3%	-2.9%	-4.9%	10.8K	1.9M	-4.5K	0.91	95.58	110	100	313	288
2022-05-04	$102.48	$103.09	49.6%	14.2%	38.3%	79.2%	48.8%	8.6%	-7.6%	12.3K	1.8M	-5.4K	0.91	96.04	110	100	318	298
2022-05-05	$102.19	$117.15	49.6%	11.7%	37.7%	79.2%	41.3%	6.0%	-1.7%	12.3K	1.7M	-6.0K	1.19	84.65	89	106	318	298
2022-05-06	$102.59	$117.15	45.5%	10.7%	38.0%	70.4%	34.7%	3.3%	-3.4%	14.4K	1.6M	-5.7K	1.14	84.94	83	95	324	303
2022-05-09	$103.27	$117.15	53.7%	11.7%	38.0%	88.0%	39.2%	7.9%	0.7%	14.8K	1.6M	-5.8K	1.10	91.02	86	95	324	304
2022-05-10	$103.47	$117.15	49.5%	10.9%	37.8%	79.0%	38.4%	4.8%	1.3%	15.9K	1.4M	-6.6K	1.14	82.42	86	98	327	305
2022-05-11	$100.52	$117.15	44.1%	12.6%	38.4%	67.4%	43.1%	3.6%	2.4%	15.2K	1.6M	-5.7K	1.16	89.77	86	100	327	301
2022-05-12	$103.47	$117.15	46.4%	13.3%	39.6%	72.4%	40.8%	9.3%	-6.9%	13.9K	1.5M	-5.8K	1.07	91.80	94	100	327	301
2022-05-13	$105.69	$117.15	44.5%	12.8%	41.1%	68.3%	41.0%	17.5%	-4.4%	19.5K	1.2M	-6.6K	1.06	93.31	94	99	334	301
2022-05-16	$104.30	$117.15	44.6%	12.8%	39.8%	68.4%	40.9%	-0.6%	-3.1%	19.3K	1.4M	-5.7K	0.98	99.24	94	92	334	301
2022-05-17	$106.94	$117.15	38.9%	11.2%	36.8%	56.3%	38.3%	12.0%	-1.0%	23.4K	1.4M	-5.6K	0.98	99.19	94	92	334	300
2022-05-18	$105.75	$117.15	43.5%	12.5%	36.3%	66.2%	43.0%	19.0%	0.4%	19.6K	1.3M	-5.9K	0.90	95.33	94	84	334	300
2022-05-19	$106.66	$117.15	44.9%	12.9%	34.7%	69.1%	42.3%	16.2%	-3.8%	16.9K	1.3M	-5.8K	0.90	97.17	94	84	334	300
2022-05-20	$106.23	$117.15	43.5%	12.5%	34.6%	66.2%	42.4%	13.9%	-5.5%	5.1K	923.8K	-6.6K	0.91	95.83	93	84	334	300
2022-05-23	$106.50	$117.15	45.7%	13.1%	34.5%	70.8%	44.1%	8.9%	-6.2%	5.5K	1.4M	-5.4K	0.87	100.57	83	73	294	278
2022-05-24	$107.28	$117.15	39.6%	11.3%	33.2%	57.8%	43.7%	13.0%	-1.6%	5.9K	1.4M	-5.4K	0.94	100.16	84	79	294	278
2022-05-25	$108.82	$117.15	44.1%	12.6%	33.6%	67.4%	42.6%	14.4%	-0.6%	4.7K	1.3M	-5.9K	0.94	99.24	84	79	301	285
2022-05-26	$112.81	$117.15	40.0%	11.5%	33.2%	58.6%	39.9%	10.3%	-5.0%	4.8K	929.3K	-6.5K	1.03	100.77	84	86	301	285
2022-05-27	$114.16	$117.15	29.0%	8.3%	27.6%	35.2%	38.1%	-0.1%	3.1%	5.2K	878.8K	-6.3K	0.91	99.86	85	78	301	285
2022-05-31	$114.94	$117.15	35.3%	10.1%	27.1%	48.7%	42.5%	6.0%	9.3%	4.5K	619.9K	-6.5K	0.18	96.42	435	78	302	285