LBRDA Options History — July 2023

In July 2023, LBRDA traded between $75.30 and $83.23. ATM implied volatility averaged 35.2%, placing in the 17.6% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 0.3% (HV 20d: 35.0%). Max pain ranged from $60.92 to $65.60. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 18.26.

Notable Days

2023-07-20: Highest Volume — 156 contracts
2023-07-28: Largest IV spike — 30.2% change
2023-07-10: Highest IV Rank — 37.0%
2023-07-17: Largest Expected Move — 11.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$79.07	$75.30	$83.23	$75.30	$83.23
Max Pain	$65.14	$60.92	$65.60	$60.92	$65.60
ATM IV	35.2%	26.8%	48.5%	36.8%	37.3%
Expected Move	9.7%	7.7%	11.5%	10.6%	10.7%
HV 20d	35.0%	21.7%	41.2%	41.2%	23.6%
HV 60d	35.3%	31.2%	37.3%	37.3%	31.5%
IV Rank	17.6%	5.6%	37.0%	19.3%	20.8%
IV Percentile	33.6%	2.0%	83.3%	42.1%	49.2%
Term Structure	-0.5%	-10.1%	16.6%	-7.5%	-4.8%
VWIV	40.5%	28.7%	63.0%	28.7%	37.6%
Skew 25d	7.1%	-5.8%	31.6%	31.6%	7.8%
Skew 10d	15.6%	-9.7%	45.1%	-4.5%	16.4%
Call IV 25d	39.2%	31.1%	51.9%	31.1%	39.0%
Put IV 25d	46.4%	34.6%	62.7%	62.7%	46.8%
Bid-Ask Spread %	101.56	85.94	112.10	104.29	85.94
Gamma HHI	0.34	0.24	0.44	0.44	0.24
Net GEX	7.3K	3.0K	14.1K	5.0K	4.8K
Net DEX	-99.6K	-272.9K	-18.1K	-34.4K	-102.2K
Net VEX	-700	-1.8K	-130	-279	-1.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	18.26	0.00	145.00	0.00	0.54
Total Volume	15.7	0	156	1	43
Total OI	235.05	161	375	161	321

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
2023-07-03	$75.30	$60.92	36.8%	10.6%	41.2%	19.3%	0.0%	31.6%	-7.5%	5.0K	-34.4K	-279	0.00	104.29	0	1	122	39
2023-07-05	$75.42	$60.92	37.4%	10.7%	40.9%	20.1%	0.0%	10.4%	-6.9%	3.4K	-19.4K	-163	0.00	110.07	0	2	122	41
2023-07-06	$75.53	$65.60	35.9%	10.8%	40.3%	18.1%	0.0%	-3.7%	2.7%	4.5K	-27.7K	-223	0.00	106.50	0	0	122	43
2023-07-07	$76.08	$65.60	37.6%	9.0%	39.5%	20.4%	0.0%	7.3%	0.6%	3.2K	-19.0K	-130	0.00	106.12	0	0	122	43
2023-07-10	$75.53	$65.60	48.5%	9.5%	39.5%	37.0%	28.7%	6.6%	7.7%	3.1K	-18.1K	-136	0.00	100.76	14	0	122	43
2023-07-11	$76.69	$65.60	38.6%	8.0%	38.0%	22.7%	0.0%	22.2%	16.6%	8.4K	-69.4K	-406	0.00	96.43	0	0	136	43
2023-07-12	$77.97	$65.60	30.8%	8.8%	38.0%	11.4%	0.0%	-0.6%	3.7%	13.4K	-147.9K	-777	0.00	93.48	0	0	136	43
2023-07-13	$78.67	$65.60	31.0%	8.9%	37.9%	11.7%	0.0%	10.9%	-0.3%	7.8K	-60.8K	-289	0.00	100.85	0	0	136	43
2023-07-14	$76.78	$65.60	33.1%	9.5%	39.3%	14.7%	0.0%	2.0%	-10.1%	7.0K	-54.5K	-283	0.00	99.46	0	0	136	43
2023-07-17	$76.44	$65.60	40.2%	11.5%	38.5%	25.1%	0.0%	6.7%	-4.2%	5.8K	-40.9K	-219	0.00	90.77	0	0	136	43
2023-07-18	$79.48	$65.60	32.6%	9.3%	40.5%	14.0%	0.0%	1.1%	3.1%	12.2K	-101.6K	-465	0.00	95.85	2	0	136	43
2023-07-19	$80.52	$65.60	31.0%	8.9%	37.0%	11.6%	43.4%	-5.8%	8.7%	14.1K	-216.1K	-597	0.11	101.34	20	2	154	43
2023-07-20	$81.89	$65.60	33.6%	9.6%	36.5%	15.5%	0.0%	1.1%	-9.3%	12.4K	-201.8K	-551	145.00	107.91	1	155	174	45
2023-07-21	$81.98	$65.60	37.5%	10.7%	34.7%	21.0%	0.0%	18.5%	2.2%	10.7K	-272.9K	-1.8K	0.00	105.82	0	0	175	200
2023-07-24	$82.74	$65.60	31.3%	9.0%	33.4%	12.1%	0.0%	20.1%	2.0%	8.3K	-140.1K	-1.4K	0.00	96.91	0	0	161	179
2023-07-25	$82.09	$65.60	36.4%	10.4%	33.8%	19.5%	30.0%	4.6%	-9.8%	4.5K	-67.1K	-1.6K	0.00	102.16	18	0	161	179
2023-07-26	$81.01	$65.60	33.1%	9.5%	21.7%	14.8%	0.0%	2.1%	-2.4%	3.0K	-91.8K	-1.2K	0.00	104.44	0	4	156	179
2023-07-27	$82.68	$65.60	26.8%	7.7%	21.9%	5.6%	40.5%	-1.2%	-6.4%	6.0K	-151.1K	-1.2K	0.00	110.10	7	0	156	184
2023-07-28	$81.45	$65.60	34.9%	10.0%	22.8%	17.4%	63.0%	1.2%	5.0%	7.7K	-155.5K	-781	0.40	112.10	32	13	157	184
2023-07-31	$83.23	$65.60	37.3%	10.7%	23.6%	20.8%	37.6%	7.8%	-4.8%	4.8K	-102.2K	-1.4K	0.54	85.94	28	15	125	196