LBRDA Options History — December 2023

In December 2023, LBRDA traded between $70.15 and $78.73. ATM implied volatility averaged 41.0%, placing in the 28.8% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 2.8% (HV 20d: 38.2%). Max pain ranged from $60.92 to $74.98. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.11.

Notable Days

2023-12-18: Highest Volume — 240 contracts
2023-12-26: Largest IV spike — 55.2% change
2023-12-12: Highest IV Rank — 56.9%
2023-12-26: Largest Expected Move — 12.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$73.37	$70.15	$78.73	$78.73	$75.57
Max Pain	$61.62	$60.92	$74.98	$74.98	$60.92
ATM IV	41.0%	28.1%	61.1%	33.5%	38.7%
Expected Move	9.6%	7.6%	12.5%	9.6%	11.1%
HV 20d	38.2%	22.2%	40.9%	22.2%	40.1%
HV 60d	35.4%	30.4%	36.5%	30.4%	35.9%
IV Rank	28.8%	10.7%	56.9%	18.3%	25.5%
IV Percentile	60.2%	8.7%	96.8%	35.3%	71.0%
Term Structure	0.4%	-11.5%	11.5%	-6.7%	-3.3%
VWIV	37.3%	29.0%	47.3%	36.8%	42.1%
Skew 25d	5.1%	-13.5%	14.9%	13.0%	14.9%
Skew 10d	14.5%	-5.3%	28.9%	11.2%	16.5%
Call IV 25d	35.4%	29.1%	44.5%	35.1%	34.5%
Put IV 25d	40.5%	28.4%	49.4%	48.1%	49.4%
Bid-Ask Spread %	99.19	85.79	107.53	102.87	100.09
Gamma HHI	0.37	0.26	0.75	0.60	0.35
Net GEX	6.4K	2.5K	9.6K	5.3K	9.6K
Net DEX	-129.9K	-184.5K	-66.7K	-169.0K	-167.9K
Net VEX	-375	-472	-269	-462	-346
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.11	0.00	1.00	0.00	0.00
Total Volume	22.65	0	240	0	0
Total OI	275.35	151	401	215	345

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
2023-12-01	$78.73	$74.98	33.5%	9.6%	22.2%	18.3%	0.0%	13.0%	-6.7%	5.3K	-169.0K	-462	0.00	102.87	0	0	165	50
2023-12-04	$77.55	$60.92	36.0%	8.9%	22.5%	21.9%	36.8%	0.9%	0.2%	5.9K	-164.5K	-344	0.00	95.00	3	0	165	50
2023-12-05	$70.67	$60.92	43.0%	9.9%	39.2%	31.5%	32.9%	-0.8%	-0.4%	4.0K	-84.2K	-269	0.00	92.78	0	3	168	50
2023-12-06	$70.47	$60.92	56.3%	9.2%	39.0%	50.2%	0.0%	-2.5%	5.8%	2.5K	-66.7K	-360	0.00	93.37	0	0	168	55
2023-12-07	$71.34	$60.92	55.0%	10.4%	39.5%	48.4%	36.0%	8.3%	-2.1%	2.7K	-69.9K	-303	0.00	85.79	0	2	168	55
2023-12-08	$71.05	$60.92	55.9%	7.6%	38.9%	49.7%	38.9%	11.9%	11.5%	2.5K	-67.4K	-276	0.00	99.41	12	0	168	55
2023-12-11	$71.67	$60.92	59.4%	7.7%	39.0%	54.5%	0.0%	10.6%	6.4%	5.9K	-113.6K	-380	0.00	106.27	1	0	179	55
2023-12-12	$70.15	$60.92	61.1%	7.8%	39.5%	56.9%	0.0%	-6.3%	2.0%	4.8K	-99.1K	-396	0.00	100.09	0	0	180	55
2023-12-13	$72.61	$60.92	36.6%	10.5%	40.7%	22.7%	47.3%	10.9%	-11.5%	5.8K	-122.0K	-472	1.00	100.04	1	1	180	55
2023-12-14	$73.32	$60.92	29.8%	8.6%	40.8%	13.2%	29.0%	12.2%	0.6%	7.2K	-123.3K	-429	0.00	91.42	19	0	180	57
2023-12-15	$72.37	$60.92	33.0%	9.5%	40.8%	17.7%	0.0%	7.1%	6.6%	7.1K	-119.9K	-358	0.00	88.58	2	0	180	57
2023-12-18	$72.94	$60.92	28.8%	8.3%	40.9%	11.8%	40.6%	0.1%	-1.9%	7.6K	-150.8K	-383	0.00	106.99	240	0	96	55
2023-12-19	$73.75	$60.92	32.4%	9.3%	40.7%	16.7%	32.0%	11.1%	1.0%	8.6K	-149.5K	-451	0.00	103.93	79	0	335	55
2023-12-20	$72.62	$60.92	32.0%	9.2%	40.3%	16.2%	42.1%	3.9%	-2.4%	7.2K	-122.0K	-344	0.00	107.31	90	0	346	55
2023-12-21	$73.28	$60.92	39.5%	11.3%	40.1%	26.7%	0.0%	-13.5%	-2.4%	8.0K	-147.2K	-453	0.00	107.53	0	0	290	55
2023-12-22	$73.63	$60.92	28.1%	8.0%	40.1%	10.7%	0.0%	5.1%	7.4%	8.2K	-156.4K	-365	0.00	106.27	0	0	290	55
2023-12-26	$74.59	$60.92	43.5%	12.5%	40.1%	32.4%	0.0%	3.4%	-6.8%	8.1K	-159.9K	-404	0.00	102.25	0	0	290	55
2023-12-27	$75.16	$60.92	38.3%	11.0%	39.8%	25.1%	0.0%	3.7%	0.7%	8.5K	-160.1K	-358	0.00	97.28	0	0	290	55
2023-12-28	$76.01	$60.92	39.1%	11.2%	40.1%	26.2%	0.0%	7.2%	3.3%	8.7K	-184.5K	-345	0.00	96.47	0	0	290	55
2023-12-29	$75.57	$60.92	38.7%	11.1%	40.1%	25.5%	0.0%	14.9%	-3.3%	9.6K	-167.9K	-346	0.00	100.09	0	0	290	55