LBRDA Options History — May 2023

In May 2023, LBRDA traded between $68.19 and $78.64. ATM implied volatility averaged 35.4%, placing in the 17.4% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded below realized volatility by 4.5% (HV 20d: 39.9%). Max pain ranged from $51.55 to $70.29. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.31.

Notable Days

2023-05-04: Highest Volume — 152 contracts
2023-05-08: Largest IV spike — 52.6% change
2023-05-02: Highest IV Rank — 45.1%
2023-05-02: Largest Expected Move — 15.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$72.60	$68.19	$78.64	$78.64	$69.57
Max Pain	$59.21	$51.55	$70.29	$70.29	$70.29
ATM IV	35.4%	26.5%	55.4%	39.3%	46.5%
Expected Move	9.9%	7.6%	15.9%	11.3%	13.3%
HV 20d	39.9%	26.2%	44.9%	42.8%	26.2%
HV 60d	34.1%	33.5%	34.6%	33.7%	34.6%
IV Rank	17.4%	5.0%	45.1%	22.7%	32.8%
IV Percentile	30.1%	0.8%	93.3%	50.0%	80.6%
Term Structure	-3.4%	-16.1%	9.4%	-13.8%	-14.5%
VWIV	31.4%	26.9%	36.1%	36.1%	30.1%
Skew 25d	1.3%	-22.3%	21.4%	16.6%	-22.3%
Skew 10d	0.4%	-27.3%	48.8%	48.8%	-8.5%
Call IV 25d	39.1%	25.9%	56.3%	40.2%	53.3%
Put IV 25d	40.3%	27.6%	62.3%	56.7%	31.0%
Bid-Ask Spread %	104.86	86.14	120.02	106.72	112.81
Gamma HHI	0.27	0.19	0.36	0.27	0.29
Net GEX	-321	-1.1K	664	-243	-729
Net DEX	161	-9.5K	13.2K	-3.8K	5.2K
Net VEX	-91	-124	-64	-87	-64
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.31	0.00	1.00	0.00	1.00
Total Volume	9.909	0	152	0	0
Total OI	159.182	34	190	34	182

Daily Data (22 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
2023-05-01	$78.64	$70.29	39.3%	11.3%	42.8%	22.7%	0.0%	16.6%	-13.8%	-243	-3.8K	-87	0.00	106.72	0	0	6	28
2023-05-02	$76.24	$70.29	55.4%	15.9%	44.3%	45.1%	0.0%	6.0%	-16.1%	-348	271	-84	0.00	104.68	0	48	6	28
2023-05-03	$76.08	$70.29	46.3%	13.3%	43.2%	32.5%	0.0%	10.9%	-14.3%	-318	-454	-89	0.00	112.35	0	0	6	60
2023-05-04	$73.93	$51.55	34.1%	9.9%	44.1%	15.6%	36.1%	-8.9%	-2.2%	-299	-4.5K	-91	0.00	86.14	152	0	6	59
2023-05-05	$74.71	$51.55	26.5%	7.6%	44.3%	5.0%	26.9%	0.9%	8.1%	127	-8.0K	-83	0.00	96.47	1	0	115	59
2023-05-08	$74.63	$51.55	40.5%	10.1%	44.3%	24.4%	0.0%	-7.0%	-3.3%	409	-9.2K	-111	0.00	99.78	1	0	116	59
2023-05-09	$72.24	$51.55	41.9%	8.5%	44.9%	26.4%	0.0%	-2.0%	-4.8%	-346	-3.0K	-91	0.00	97.19	0	0	117	59
2023-05-10	$72.28	$51.55	31.0%	8.9%	42.1%	11.2%	32.4%	7.2%	3.9%	-503	1.0K	-110	0.86	94.24	7	6	117	59
2023-05-11	$72.72	$51.55	26.5%	7.6%	41.7%	5.0%	0.0%	-3.1%	8.4%	-215	-282	-112	0.00	106.68	0	0	125	65
2023-05-12	$71.70	$51.55	34.0%	9.7%	41.2%	15.4%	0.0%	6.7%	-3.5%	-329	-949	-96	0.00	113.11	0	0	125	65
2023-05-15	$72.37	$51.55	33.8%	9.7%	41.2%	15.1%	0.0%	1.7%	1.5%	-225	201	-115	0.00	95.76	0	0	125	65
2023-05-16	$71.28	$51.55	31.8%	9.1%	41.4%	12.4%	0.0%	-1.0%	4.2%	-192	67	-79	0.00	101.76	0	0	125	65
2023-05-17	$71.64	$51.55	36.8%	10.5%	41.4%	19.3%	0.0%	9.6%	-9.3%	-276	-1.6K	-74	0.00	116.50	0	0	125	65
2023-05-18	$73.04	$51.55	28.7%	8.2%	41.3%	8.0%	0.0%	21.4%	-6.6%	664	-9.5K	-124	0.00	111.41	0	0	125	65
2023-05-19	$72.46	$51.55	32.0%	9.2%	41.2%	12.7%	0.0%	3.9%	9.4%	-349	-4.5K	-70	0.00	103.81	1	0	125	65
2023-05-22	$72.71	$51.55	29.0%	8.3%	41.1%	8.4%	30.1%	-0.0%	3.4%	-277	1.8K	-66	1.00	93.26	1	1	123	57
2023-05-23	$71.70	$70.29	40.9%	11.7%	41.3%	24.9%	0.0%	0.3%	-10.5%	-288	820	-93	0.00	120.02	0	0	124	58
2023-05-24	$70.67	$70.29	32.6%	9.3%	41.6%	13.4%	0.0%	4.7%	-4.4%	-1.1K	10.2K	-104	0.00	100.70	0	0	124	58
2023-05-25	$68.19	$70.29	31.4%	9.0%	33.5%	11.7%	0.0%	-1.5%	-5.4%	-1.0K	13.2K	-85	0.00	101.47	0	0	124	58
2023-05-26	$69.74	$70.29	26.7%	7.7%	26.8%	5.3%	0.0%	-0.6%	-2.6%	-622	10.6K	-99	0.00	115.39	0	0	124	58
2023-05-30	$70.63	$70.29	33.4%	9.6%	27.6%	14.6%	0.0%	-15.3%	-1.4%	-601	5.9K	-81	0.00	116.61	0	0	124	58
2023-05-31	$69.57	$70.29	46.5%	13.3%	26.2%	32.8%	0.0%	-22.3%	-14.5%	-729	5.2K	-64	0.00	112.81	0	0	124	58