LBRDA Options History — January 2024

In January 2024, LBRDA traded between $70.23 and $75.82. ATM implied volatility averaged 35.9%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 11.7% (HV 20d: 24.3%). Max pain ranged from $60.92 to $70.29. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.08.

Notable Days

2024-01-03: Highest Volume — 438 contracts
2024-01-04: Largest IV spike — 39.9% change
2024-01-04: Highest IV Rank — 39.1%
2024-01-02: Largest Expected Move — 12.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$72.84	$70.23	$75.82	$75.82	$72.95
Max Pain	$69.40	$60.92	$70.29	$60.92	$70.29
ATM IV	35.9%	30.3%	48.4%	44.5%	36.6%
Expected Move	10.4%	9.0%	12.7%	12.7%	10.5%
HV 20d	24.3%	19.7%	39.7%	39.7%	24.8%
HV 60d	34.7%	29.4%	36.4%	36.0%	29.4%
IV Rank	21.7%	13.8%	39.1%	33.6%	22.6%
IV Percentile	49.5%	17.1%	90.9%	87.3%	57.5%
Term Structure	-1.1%	-12.7%	7.7%	-3.0%	-12.7%
VWIV	44.0%	35.2%	62.3%	40.2%	62.3%
Skew 25d	1.5%	-11.5%	22.1%	-1.2%	5.8%
Skew 10d	10.3%	-5.3%	38.1%	3.8%	12.7%
Call IV 25d	42.8%	34.7%	61.1%	38.0%	61.1%
Put IV 25d	44.3%	36.6%	66.9%	36.8%	66.9%
Bid-Ask Spread %	108.51	92.86	117.71	104.20	117.32
Gamma HHI	0.44	0.34	0.58	0.34	0.49
Net GEX	-10.4K	-25.0K	10.4K	9.6K	-9.6K
Net DEX	32.0K	-177.7K	104.6K	-177.7K	75.0K
Net VEX	-491	-753	-318	-358	-417
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.08	0.00	0.73	0.10	0.00
Total Volume	56.571	0	438	0	11
Total OI	559.095	138	1,122	345	181

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
2024-01-02	$75.82	$60.92	44.5%	12.7%	39.7%	33.6%	0.0%	-1.2%	-3.0%	9.6K	-177.7K	-358	0.00	104.20	0	0	290	55
2024-01-03	$75.10	$60.92	34.6%	9.9%	39.5%	19.9%	40.2%	-1.1%	5.3%	10.4K	-170.1K	-318	0.10	113.19	400	38	290	55
2024-01-04	$72.85	$70.29	48.4%	11.5%	23.2%	39.1%	37.3%	-1.7%	-1.8%	-3.9K	7.0K	-703	0.12	95.19	188	22	658	109
2024-01-05	$72.29	$70.29	32.3%	12.0%	23.4%	16.7%	0.0%	22.1%	-5.9%	-9.2K	59.2K	-753	0.00	94.69	0	0	633	131
2024-01-08	$73.13	$70.29	34.4%	10.6%	23.3%	19.6%	0.0%	3.2%	-2.6%	-11.1K	23.8K	-598	0.00	92.86	1	0	633	131
2024-01-09	$71.40	$70.29	30.3%	10.0%	24.9%	13.8%	49.9%	10.3%	0.9%	-10.7K	61.1K	-695	0.00	103.48	0	14	634	131
2024-01-10	$71.61	$70.29	35.2%	10.1%	24.8%	20.7%	0.0%	-3.6%	-0.3%	-13.6K	74.6K	-680	0.00	99.26	1	0	634	145
2024-01-11	$71.27	$70.29	34.6%	9.9%	23.5%	19.8%	0.0%	3.5%	3.4%	-22.3K	71.1K	-600	0.00	108.78	0	0	633	141
2024-01-12	$71.41	$70.29	33.7%	9.6%	19.9%	18.5%	47.4%	7.9%	0.7%	-22.4K	52.0K	-547	0.00	111.87	218	1	633	141
2024-01-16	$71.79	$70.29	35.2%	10.1%	19.7%	20.7%	0.0%	2.4%	0.1%	-19.6K	51.4K	-473	0.00	113.72	4	0	831	142
2024-01-17	$70.23	$70.29	38.7%	11.1%	20.6%	25.6%	0.0%	2.6%	-2.7%	-25.0K	104.6K	-511	0.00	110.52	90	0	975	142
2024-01-18	$71.28	$70.29	37.6%	10.8%	21.2%	24.0%	0.0%	-3.9%	2.5%	-19.7K	74.5K	-454	0.00	112.45	144	0	970	142
2024-01-19	$72.66	$70.29	34.3%	9.8%	22.0%	19.4%	50.3%	4.8%	-4.7%	-11.7K	-6.5K	-344	0.00	115.37	13	0	980	142
2024-01-22	$73.30	$70.29	34.4%	9.9%	21.5%	19.6%	37.8%	4.0%	-6.5%	-9.5K	87.4K	-365	0.00	115.96	12	0	84	54
2024-01-23	$73.70	$70.29	34.7%	9.9%	21.4%	20.0%	0.0%	-7.0%	0.0%	-6.1K	25.6K	-382	0.00	109.48	0	0	96	54
2024-01-24	$72.59	$70.29	33.3%	9.5%	22.0%	18.0%	35.2%	0.9%	3.0%	-7.4K	49.7K	-396	0.73	111.28	16	12	96	54
2024-01-25	$72.40	$70.29	31.5%	9.0%	21.4%	15.5%	35.8%	-7.3%	7.7%	-10.8K	91.4K	-494	0.00	109.97	0	3	112	66
2024-01-26	$74.81	$70.29	34.7%	9.9%	24.4%	20.0%	0.0%	-0.8%	-4.7%	-9.4K	37.6K	-400	0.00	116.33	0	0	112	69
2024-01-29	$75.00	$70.29	36.2%	10.4%	24.1%	22.1%	0.0%	3.0%	5.5%	-8.1K	39.8K	-423	0.00	117.71	0	0	112	69
2024-01-30	$74.02	$70.29	39.7%	11.4%	24.4%	27.0%	0.0%	-11.5%	-8.1%	-9.3K	40.3K	-393	0.00	104.97	0	0	112	69
2024-01-31	$72.95	$70.29	36.6%	10.5%	24.8%	22.6%	62.3%	5.8%	-12.7%	-9.6K	75.0K	-417	0.00	117.32	11	0	112	69