LBRDA Options History — July 2022

In July 2022, LBRDA traded between $100.83 and $114.98. ATM implied volatility averaged 44.1%, placing in the 40.3% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 6.7% (HV 20d: 37.4%). Max pain ranged from $93.72 to $126.52. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 6.17.

Notable Days

2022-07-08: Highest Volume — 272 contracts
2022-07-06: Largest IV spike — 112.1% change
2022-07-06: Highest IV Rank — 100.0%
2022-07-12: Largest Expected Move — 14.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$109.34	$100.83	$114.98	$110.02	$101.45
Max Pain	$99.11	$93.72	$126.52	$126.52	$98.41
ATM IV	44.1%	26.9%	94.8%	36.3%	26.9%
Expected Move	11.8%	7.7%	14.9%	10.4%	7.7%
HV 20d	37.4%	23.6%	48.7%	44.7%	48.4%
HV 60d	37.5%	33.6%	41.4%	38.2%	41.2%
IV Rank	40.3%	16.6%	100.0%	50.7%	16.6%
IV Percentile	80.3%	35.3%	100.0%	74.6%	35.3%
Term Structure	-7.1%	-21.1%	8.1%	1.7%	8.1%
VWIV	50.3%	44.1%	61.6%	46.2%	50.9%
Skew 25d	7.8%	-0.2%	19.7%	5.1%	0.1%
Skew 10d	15.9%	-1.7%	26.4%	7.9%	-1.7%
Call IV 25d	39.2%	31.1%	50.2%	50.2%	46.4%
Put IV 25d	47.0%	33.9%	55.3%	55.3%	46.5%
Bid-Ask Spread %	109.47	99.76	117.09	99.76	117.09
Gamma HHI	0.60	0.17	0.80	0.17	0.77
Net GEX	-30.3K	-74.6K	-826	-826	-74.6K
Net DEX	735.7K	-328.4K	1.8M	1.4M	588.4K
Net VEX	-2.3K	-3.7K	-1.3K	-1.3K	-3.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	6.17	1.74	11.18	1.74	4.65
Total Volume	221.6	102	272	167	102
Total OI	415.45	228	586	429	365

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
2022-07-01	$110.02	$126.52	36.3%	10.4%	44.7%	50.7%	46.2%	5.1%	1.7%	-826	1.4M	-1.3K	1.74	99.76	61	106	207	222
2022-07-05	$110.09	$93.72	44.7%	12.8%	44.5%	68.4%	48.1%	5.0%	-13.8%	-17.7K	1.5M	-2.6K	2.43	105.02	62	150	206	331
2022-07-06	$109.63	$93.72	94.8%	12.1%	44.5%	100.0%	49.6%	8.7%	-9.1%	-20.3K	-328.4K	-3.7K	2.46	107.28	61	149	203	330
2022-07-07	$107.47	$93.72	43.3%	11.8%	45.1%	36.8%	44.1%	11.5%	-2.8%	-24.8K	1.6M	-2.1K	3.44	108.07	61	209	196	325
2022-07-08	$107.71	$98.41	39.5%	11.5%	45.1%	32.1%	45.3%	3.8%	0.8%	-31.5K	1.7M	-3.0K	3.47	108.24	61	211	197	389
2022-07-11	$104.42	$98.41	46.8%	12.9%	46.2%	41.1%	47.2%	5.0%	-13.8%	-34.5K	1.5M	-3.1K	3.44	107.04	61	209	196	386
2022-07-12	$107.34	$98.41	55.0%	14.9%	46.9%	51.1%	47.6%	7.5%	-10.0%	-33.0K	1.8M	-2.8K	3.46	108.43	61	210	196	386
2022-07-13	$107.82	$98.41	46.9%	13.4%	43.5%	41.1%	44.1%	4.7%	-12.5%	-39.8K	1.7M	-2.5K	3.47	104.65	61	211	197	382
2022-07-14	$107.88	$98.41	47.5%	13.6%	43.5%	42.0%	46.8%	5.5%	-10.4%	-36.0K	1.2M	-2.6K	3.47	107.63	61	211	197	340
2022-07-15	$109.25	$98.41	46.4%	13.3%	43.6%	40.6%	52.5%	4.7%	-15.3%	-26.2K	1.2M	-2.4K	3.47	110.69	61	211	197	340
2022-07-18	$109.33	$98.41	43.2%	12.4%	30.0%	36.7%	55.6%	14.6%	-14.5%	-23.9K	114.9K	-2.0K	10.28	111.90	19	197	22	206
2022-07-19	$112.01	$98.41	35.5%	10.2%	25.1%	27.2%	47.7%	10.8%	0.8%	-30.3K	18.9K	-1.6K	10.28	112.12	19	197	25	206
2022-07-20	$112.85	$98.41	34.9%	10.0%	25.1%	26.5%	49.5%	13.6%	-1.1%	-17.0K	29.3K	-1.7K	10.28	112.67	19	197	25	206
2022-07-21	$114.98	$98.41	34.6%	9.9%	25.0%	26.1%	49.2%	19.7%	0.3%	-23.0K	51.5K	-1.8K	10.28	111.31	19	197	25	206
2022-07-22	$114.61	$98.41	44.2%	12.7%	25.1%	37.9%	56.2%	-0.2%	-21.1%	-17.9K	10.3K	-1.6K	8.62	111.01	22	193	25	206
2022-07-25	$112.74	$98.41	41.6%	11.9%	24.5%	34.7%	61.6%	12.3%	-9.1%	-26.1K	42.4K	-1.8K	10.65	110.20	18	193	27	313
2022-07-26	$112.98	$98.41	42.5%	12.2%	24.5%	35.8%	57.8%	9.2%	-8.5%	-27.5K	64.1K	-1.9K	10.65	112.42	18	193	27	313
2022-07-27	$113.29	$98.41	41.7%	12.0%	23.6%	34.8%	56.6%	12.5%	-11.5%	-37.1K	33.9K	-1.7K	11.18	113.17	18	203	27	313
2022-07-28	$100.83	$98.41	34.7%	10.0%	48.7%	26.2%	49.5%	1.3%	-0.9%	-63.6K	526.2K	-2.9K	5.65	110.78	18	102	27	322
2022-07-29	$101.45	$98.41	26.9%	7.7%	48.4%	16.6%	50.9%	0.1%	8.1%	-74.6K	588.4K	-3.1K	4.65	117.09	18	84	27	338