LBRDA Options History — January 2023

In January 2023, LBRDA traded between $72.08 and $88.64. ATM implied volatility averaged 36.8%, placing in the 19.3% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded below realized volatility by 8.2% (HV 20d: 45.0%). Max pain ranged from $70.29 to $70.29. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 14.61.

Notable Days

2023-01-13: Highest Volume — 135 contracts
2023-01-23: Largest IV drop — 27.0% change
2023-01-04: Highest IV Rank — 35.0%
2023-01-04: Largest Expected Move — 13.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$81.79	$72.08	$88.64	$72.08	$83.66
Max Pain	$70.29	$70.29	$70.29	$70.29	$70.29
ATM IV	36.8%	27.1%	48.1%	39.4%	36.1%
Expected Move	10.4%	7.8%	13.8%	11.3%	10.4%
HV 20d	45.0%	23.2%	71.8%	70.2%	30.5%
HV 60d	51.2%	50.2%	52.5%	51.9%	50.4%
IV Rank	19.3%	5.7%	35.0%	22.9%	18.3%
IV Percentile	39.6%	2.0%	83.7%	54.4%	38.1%
Term Structure	-1.8%	-13.2%	8.0%	8.0%	-8.8%
VWIV	39.0%	29.1%	52.1%	30.5%	52.1%
Skew 25d	4.7%	-9.8%	16.1%	-2.5%	9.3%
Skew 10d	17.4%	-5.3%	40.5%	-5.3%	18.5%
Call IV 25d	42.0%	31.1%	62.4%	61.7%	47.4%
Put IV 25d	46.6%	34.6%	77.8%	59.2%	56.6%
Bid-Ask Spread %	105.02	87.35	112.28	105.67	110.89
Gamma HHI	0.16	0.13	0.22	0.18	0.14
Net GEX	242	-7.8K	5.1K	-7.8K	1.1K
Net DEX	-161.4K	-267.5K	56.8K	56.8K	-168.6K
Net VEX	-897	-1.4K	-611	-1.4K	-666
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	14.61	0.00	126.00	0.00	0.00
Total Volume	8.35	0	135	1	0
Total OI	485.1	217	639	624	218

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
2023-01-03	$72.08	$70.29	39.4%	11.3%	70.2%	22.9%	30.5%	-2.5%	8.0%	-7.8K	56.8K	-1.4K	0.00	105.67	1	0	120	504
2023-01-04	$74.67	$70.29	48.1%	13.8%	71.8%	35.0%	45.5%	15.4%	-13.2%	-6.6K	-17.3K	-1.2K	0.00	104.95	2	0	120	504
2023-01-05	$77.60	$70.29	41.6%	12.7%	71.8%	25.9%	44.5%	9.9%	-11.6%	-1.8K	-118.9K	-1.2K	4.50	87.35	2	10	120	504
2023-01-06	$78.58	$70.29	36.2%	11.1%	71.8%	18.3%	0.0%	-6.1%	3.3%	-4.3K	-94.8K	-1.0K	1.00	105.32	1	1	118	500
2023-01-09	$78.08	$70.29	40.8%	9.7%	71.8%	24.8%	0.0%	6.2%	3.0%	-2.6K	-121.9K	-1.0K	0.00	110.20	0	0	120	499
2023-01-10	$79.00	$70.29	47.7%	10.6%	71.4%	34.4%	0.0%	16.1%	2.1%	-2.1K	-124.2K	-1.1K	0.00	104.22	0	0	120	499
2023-01-11	$80.31	$70.29	35.9%	10.3%	71.6%	18.0%	0.0%	-9.8%	-1.4%	676	-174.2K	-1.1K	0.00	106.73	1	0	125	506
2023-01-12	$81.57	$70.29	36.9%	10.6%	71.4%	19.3%	29.1%	15.0%	2.4%	5.1K	-207.8K	-1.0K	0.00	99.67	10	0	124	506
2023-01-13	$82.49	$70.29	27.1%	7.8%	36.6%	5.7%	39.2%	4.6%	7.0%	1.6K	-206.7K	-892	126.00	99.17	1	134	133	506
2023-01-17	$82.73	$70.29	33.2%	9.5%	31.1%	14.2%	0.0%	10.0%	2.9%	1.9K	-211.7K	-820	0.00	105.34	0	0	133	506
2023-01-18	$81.45	$70.29	41.9%	12.0%	23.8%	26.3%	0.0%	6.4%	-5.5%	1.1K	-189.9K	-764	0.00	100.48	0	0	133	506
2023-01-19	$81.73	$70.29	35.9%	10.3%	23.2%	18.0%	0.0%	-0.7%	-0.8%	2.3K	-212.2K	-773	0.00	100.33	0	0	133	504
2023-01-20	$85.03	$70.29	39.1%	11.2%	25.0%	22.4%	32.1%	10.1%	2.5%	3.6K	-267.5K	-930	0.00	99.52	3	0	133	504
2023-01-23	$85.46	$70.29	28.5%	8.2%	24.1%	7.7%	0.0%	2.5%	-1.9%	526	-174.3K	-639	0.00	110.55	0	0	116	101
2023-01-24	$84.56	$70.29	31.4%	9.0%	25.4%	11.6%	0.0%	-0.1%	-2.2%	713	-174.8K	-663	0.00	112.28	0	0	116	101
2023-01-25	$86.81	$70.29	29.5%	8.5%	25.3%	9.0%	0.0%	3.5%	-2.9%	3.2K	-202.4K	-725	0.00	111.40	0	0	116	101
2023-01-26	$88.64	$70.29	32.8%	9.4%	25.2%	13.6%	52.1%	2.7%	-2.8%	4.9K	-229.3K	-735	0.00	111.40	1	0	116	101
2023-01-27	$86.11	$70.29	35.4%	10.1%	28.6%	17.2%	0.0%	-1.4%	-8.4%	3.1K	-203.3K	-726	0.00	106.72	0	0	117	101
2023-01-30	$85.17	$70.29	39.2%	11.2%	29.1%	22.6%	0.0%	2.6%	-6.9%	173	-184.6K	-611	0.00	108.14	0	0	117	101
2023-01-31	$83.66	$70.29	36.1%	10.4%	30.5%	18.3%	0.0%	9.3%	-8.8%	1.1K	-168.6K	-666	0.00	110.89	0	0	117	101