LBRDA Options History — November 2023

In November 2023, LBRDA traded between $76.80 and $80.93. ATM implied volatility averaged 32.3%, placing in the 16.6% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded below realized volatility by 8.2% (HV 20d: 40.5%). Max pain ranged from $74.98 to $121.84. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.08.

Notable Days

2023-11-03: Highest Volume — 61 contracts
2023-11-17: Largest IV spike — 56.9% change
2023-11-07: Highest IV Rank — 32.3%
2023-11-02: Largest Expected Move — 11.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$78.37	$76.80	$80.93	$78.10	$77.63
Max Pain	$82.34	$74.98	$121.84	$89.03	$74.98
ATM IV	32.3%	21.4%	43.5%	35.4%	36.0%
Expected Move	9.1%	6.1%	11.4%	10.1%	10.3%
HV 20d	40.5%	24.0%	44.8%	42.6%	24.1%
HV 60d	31.6%	30.3%	32.4%	31.1%	30.3%
IV Rank	16.6%	1.5%	32.3%	20.9%	21.8%
IV Percentile	30.3%	0.4%	83.7%	43.7%	54.0%
Term Structure	-0.8%	-9.1%	8.7%	-1.0%	-4.0%
VWIV	45.5%	36.3%	54.8%	54.8%	36.3%
Skew 25d	3.2%	-16.2%	22.4%	-1.5%	15.4%
Skew 10d	13.8%	-16.8%	72.1%	4.0%	17.8%
Call IV 25d	36.7%	29.1%	56.4%	56.4%	30.5%
Put IV 25d	39.9%	25.9%	59.3%	54.8%	45.9%
Bid-Ask Spread %	103.45	86.95	113.81	106.29	109.53
Gamma HHI	0.54	0.32	0.74	0.32	0.72
Net GEX	6.3K	4.6K	10.6K	8.3K	5.3K
Net DEX	-179.6K	-245.1K	-156.9K	-190.5K	-168.7K
Net VEX	-493	-638	-352	-638	-364
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.08	0.00	0.33	0.00	0.00
Total Volume	5.429	0	61	34	0
Total OI	233.619	211	250	211	215

Daily Data (21 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
2023-11-01	$78.10	$89.03	35.4%	10.1%	42.6%	20.9%	0.0%	-1.5%	-1.0%	8.3K	-190.5K	-638	0.00	106.29	34	0	162	49
2023-11-02	$80.38	$121.84	37.6%	11.4%	44.1%	24.0%	0.0%	6.1%	-8.6%	8.7K	-207.1K	-613	0.00	90.42	0	0	191	49
2023-11-03	$80.93	$121.84	30.9%	10.3%	44.2%	14.7%	54.8%	6.0%	-2.0%	10.6K	-245.1K	-610	0.00	102.31	61	0	191	49
2023-11-06	$79.52	$121.84	35.8%	8.3%	43.8%	21.5%	36.3%	2.1%	1.4%	8.4K	-199.9K	-599	0.33	86.95	3	1	196	49
2023-11-07	$79.79	$74.98	43.5%	9.5%	43.8%	32.3%	0.0%	-6.7%	0.5%	8.0K	-195.8K	-573	0.00	100.46	0	0	200	50
2023-11-08	$78.94	$74.98	33.6%	9.6%	43.4%	18.5%	0.0%	-16.2%	-1.4%	8.3K	-204.1K	-555	0.00	102.03	0	0	200	50
2023-11-09	$77.10	$74.98	35.8%	10.3%	43.9%	21.5%	0.0%	8.3%	6.1%	5.4K	-162.6K	-522	0.00	103.56	15	0	200	50
2023-11-10	$77.56	$74.98	35.1%	10.1%	44.1%	20.6%	0.0%	9.1%	-3.1%	5.8K	-161.8K	-538	0.00	106.31	0	0	200	50
2023-11-13	$76.95	$74.98	27.9%	8.0%	43.1%	10.5%	0.0%	-3.7%	8.2%	6.4K	-168.1K	-479	0.00	98.41	0	0	200	50
2023-11-14	$78.80	$74.98	30.0%	8.6%	44.4%	13.4%	0.0%	4.9%	7.1%	4.9K	-182.9K	-481	0.00	102.77	0	0	200	50
2023-11-15	$79.38	$74.98	31.7%	9.1%	44.7%	15.8%	0.0%	2.5%	-3.8%	4.7K	-194.1K	-434	0.00	104.47	0	0	200	50
2023-11-16	$78.28	$74.98	21.4%	6.1%	43.8%	1.5%	0.0%	-11.8%	8.7%	5.3K	-162.4K	-507	0.00	99.02	0	0	200	50
2023-11-17	$77.72	$74.98	33.6%	9.6%	43.6%	18.5%	0.0%	5.4%	4.0%	4.6K	-169.4K	-446	0.00	103.82	0	0	200	50
2023-11-20	$78.98	$74.98	30.0%	8.6%	44.2%	13.5%	0.0%	11.9%	0.0%	5.4K	-182.4K	-448	0.00	99.91	0	0	165	50
2023-11-21	$77.18	$74.98	27.4%	7.8%	44.8%	9.7%	0.0%	-5.7%	-9.1%	4.9K	-158.1K	-451	0.00	113.74	0	0	165	50
2023-11-22	$78.23	$74.98	32.8%	9.4%	44.6%	17.3%	0.0%	22.4%	-1.9%	4.7K	-157.8K	-493	0.00	106.25	0	0	165	50
2023-11-24	$78.20	$74.98	35.2%	10.1%	43.3%	20.7%	0.0%	5.8%	-2.0%	5.7K	-168.6K	-490	0.00	101.36	0	0	165	50
2023-11-27	$76.80	$74.98	30.1%	8.6%	29.6%	13.5%	0.0%	3.5%	-3.5%	5.6K	-156.9K	-366	0.00	110.39	0	0	165	50
2023-11-28	$77.90	$74.98	24.9%	7.1%	26.3%	6.2%	0.0%	-1.7%	-4.1%	5.8K	-168.3K	-389	0.00	110.64	0	0	165	50
2023-11-29	$77.42	$74.98	29.9%	8.6%	24.0%	13.3%	0.0%	11.3%	-8.0%	5.5K	-166.8K	-352	0.00	113.81	0	0	165	50
2023-11-30	$77.63	$74.98	36.0%	10.3%	24.1%	21.8%	0.0%	15.4%	-4.0%	5.3K	-168.7K	-364	0.00	109.53	0	0	165	50