LBRDA Options History — March 2023

In March 2023, LBRDA traded between $71.75 and $81.56. ATM implied volatility averaged 44.2%, placing in the 29.7% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded above realized volatility by 14.7% (HV 20d: 29.6%). Max pain ranged from $56.23 to $84.35. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.25.

Notable Days

2023-03-27: Highest Volume — 14 contracts
2023-03-06: Largest IV spike — 72.2% change
2023-03-14: Highest IV Rank — 96.0%
2023-03-16: Largest Expected Move — 12.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$75.56	$71.75	$81.56	$80.20	$76.67
Max Pain	$69.07	$56.23	$84.35	$84.35	$79.66
ATM IV	44.2%	22.9%	91.9%	42.0%	41.2%
Expected Move	10.5%	6.6%	12.8%	12.1%	11.8%
HV 20d	29.6%	23.5%	32.3%	32.3%	32.2%
HV 60d	38.5%	31.4%	49.0%	48.2%	31.4%
IV Rank	29.7%	0.0%	96.0%	26.5%	25.5%
IV Percentile	54.2%	0.0%	99.6%	63.1%	56.3%
Term Structure	2.8%	-9.1%	21.8%	-9.1%	2.8%
VWIV	41.1%	31.1%	55.6%	31.1%	55.6%
Skew 25d	0.4%	-10.5%	11.8%	11.8%	-4.5%
Skew 10d	3.5%	-20.9%	24.8%	12.2%	-9.0%
Call IV 25d	43.8%	34.7%	54.1%	45.7%	49.0%
Put IV 25d	44.2%	32.3%	57.4%	57.4%	44.4%
Bid-Ask Spread %	105.00	97.57	125.47	111.30	99.55
Gamma HHI	0.42	0.27	0.58	0.27	0.58
Net GEX	-2.8K	-3.7K	-907	-2.6K	-3.7K
Net DEX	11.0K	-28.5K	105.9K	-21.1K	59.3K
Net VEX	-342	-491	-233	-491	-233
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.25	0.00	1.00	0.00	0.00
Total Volume	1.087	0	14	1	6
Total OI	136.348	104	156	152	104

Daily Data (23 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
2023-03-01	$80.20	$84.35	42.0%	12.1%	32.3%	26.5%	0.0%	11.8%	-9.1%	-2.6K	-21.1K	-491	0.00	111.30	1	0	116	36
2023-03-02	$80.33	$84.35	22.9%	6.6%	26.1%	0.0%	0.0%	-9.1%	21.4%	-3.2K	-10.8K	-381	0.00	105.51	0	0	117	36
2023-03-03	$81.56	$84.35	31.3%	9.0%	24.6%	11.6%	0.0%	-10.5%	2.5%	-3.4K	-24.1K	-371	0.00	106.43	1	0	117	36
2023-03-06	$81.22	$79.66	53.8%	9.7%	23.5%	43.0%	0.0%	0.0%	3.0%	-2.5K	-28.5K	-423	0.00	125.47	0	0	117	36
2023-03-07	$78.04	$79.66	50.7%	9.3%	26.7%	38.7%	31.1%	1.1%	2.9%	-3.2K	6.3K	-413	1.00	101.25	1	1	117	36
2023-03-08	$77.71	$79.66	48.6%	9.2%	26.6%	35.7%	0.0%	-7.1%	-1.4%	-3.5K	-4.5K	-378	0.00	102.77	0	0	118	37
2023-03-09	$75.20	$79.66	56.8%	10.5%	28.2%	47.1%	36.5%	0.8%	-1.9%	-3.4K	19.8K	-372	0.00	106.93	0	1	118	38
2023-03-10	$71.75	$79.66	61.2%	10.2%	31.0%	53.2%	0.0%	1.3%	2.4%	-2.4K	46.0K	-328	0.00	107.95	0	0	118	37
2023-03-13	$72.66	$56.23	71.3%	12.4%	31.1%	67.2%	0.0%	1.6%	-3.8%	-1.6K	1.4K	-339	0.00	115.75	0	0	118	32
2023-03-14	$72.39	$56.23	91.9%	12.7%	30.3%	96.0%	0.0%	5.0%	-4.2%	-2.1K	-1.1K	-332	0.00	106.75	0	0	118	32
2023-03-15	$73.37	$56.23	43.8%	12.6%	31.4%	29.0%	0.0%	5.7%	-4.1%	-2.0K	-7.4K	-369	0.00	116.11	0	0	118	32
2023-03-16	$74.47	$56.23	44.7%	12.8%	30.8%	30.3%	0.0%	5.4%	-1.8%	-2.5K	-6.8K	-335	0.00	106.02	0	0	118	32
2023-03-17	$74.62	$56.23	38.5%	11.0%	30.8%	21.7%	0.0%	-0.8%	2.4%	-907	-18.0K	-402	0.00	98.24	0	0	118	32
2023-03-20	$73.95	$56.23	28.7%	8.2%	30.7%	8.0%	0.0%	5.7%	-5.3%	-2.4K	-10.5K	-323	0.00	98.75	0	0	90	32
2023-03-21	$75.23	$56.23	37.3%	10.7%	29.6%	19.9%	0.0%	-10.3%	10.1%	-2.9K	-14.2K	-321	0.00	98.79	0	0	90	32
2023-03-22	$73.30	$56.23	37.3%	10.7%	30.1%	20.0%	0.0%	4.4%	2.1%	-2.2K	-1.9K	-307	0.00	102.93	0	0	90	32
2023-03-23	$73.03	$56.23	37.2%	10.7%	29.8%	19.9%	0.0%	1.4%	3.3%	-2.0K	4.8K	-339	0.00	103.14	0	0	90	32
2023-03-24	$73.52	$56.23	35.5%	10.2%	29.6%	17.5%	0.0%	0.3%	10.3%	-3.2K	6.1K	-289	0.00	97.57	0	0	90	32
2023-03-27	$74.86	$56.23	36.1%	10.3%	30.8%	18.3%	55.6%	3.8%	8.9%	-3.6K	-2.8K	-291	0.00	100.89	14	0	90	32
2023-03-28	$73.74	$79.66	30.5%	8.7%	30.8%	10.5%	0.0%	-6.3%	21.8%	-3.5K	105.9K	-264	0.00	102.11	0	0	76	32
2023-03-29	$75.12	$79.66	38.6%	11.1%	31.6%	21.7%	0.0%	0.4%	4.1%	-2.9K	90.2K	-321	0.00	100.31	0	0	76	32
2023-03-30	$74.94	$79.66	37.7%	10.8%	31.5%	20.6%	0.0%	9.9%	-2.3%	-3.6K	65.7K	-244	0.00	100.48	0	0	76	28
2023-03-31	$76.67	$79.66	41.2%	11.8%	32.2%	25.5%	0.0%	-4.5%	2.8%	-3.7K	59.3K	-233	0.00	99.55	0	6	76	28