LBRDA Options History — February 2024

In February 2024, LBRDA traded between $55.75 and $75.26. ATM implied volatility averaged 42.5%, placing in the 30.9% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded below realized volatility by 27.7% (HV 20d: 70.2%). Max pain ranged from $56.23 to $103.09. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.97.

Notable Days

2024-02-20: Highest Volume — 1,368 contracts
2024-02-05: Largest IV spike — 30.1% change
2024-02-06: Highest IV Rank — 43.4%
2024-02-12: Largest Expected Move — 13.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$58.30	$55.75	$75.26	$75.26	$56.33
Max Pain	$60.92	$56.23	$103.09	$103.09	$56.23
ATM IV	42.5%	35.7%	51.4%	37.8%	46.4%
Expected Move	11.8%	9.7%	13.9%	9.9%	13.3%
HV 20d	70.2%	27.3%	73.9%	27.3%	72.4%
HV 60d	48.4%	30.1%	49.7%	30.1%	49.6%
IV Rank	30.9%	21.4%	43.4%	24.4%	36.4%
IV Percentile	78.6%	52.4%	93.7%	68.3%	88.1%
Term Structure	-2.2%	-10.5%	6.7%	1.7%	-10.5%
VWIV	41.7%	34.8%	55.7%	34.8%	47.2%
Skew 25d	7.9%	-11.6%	23.6%	3.5%	23.5%
Skew 10d	24.7%	-4.3%	83.7%	19.5%	52.1%
Call IV 25d	41.8%	36.9%	49.5%	44.3%	47.4%
Put IV 25d	49.8%	33.0%	70.9%	47.8%	70.9%
Bid-Ask Spread %	96.34	87.44	105.84	105.84	104.47
Gamma HHI	0.58	0.41	0.74	0.51	0.72
Net GEX	250.3K	-8.4K	477.0K	-7.0K	454.9K
Net DEX	-3.3M	-7.3M	277.3K	4.9K	-5.2M
Net VEX	-7.7K	-11.7K	-310	-310	-9.7K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.97	0.00	6.00	0.02	0.00
Total Volume	199.9	0	1,368	0	12
Total OI	1,902	192	3,254	192	3,231

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
2024-02-01	$75.26	$103.09	37.8%	9.9%	27.3%	24.4%	0.0%	3.5%	1.7%	-7.0K	4.9K	-310	0.00	105.84	0	0	123	69
2024-02-02	$62.51	$103.09	35.7%	9.7%	70.9%	21.4%	34.8%	-11.6%	3.6%	-8.4K	277.3K	-340	0.02	95.64	707	11	123	69
2024-02-05	$60.51	$56.23	46.4%	10.2%	71.5%	36.4%	41.3%	1.2%	3.4%	116.9K	-2.5M	-5.4K	0.17	88.74	147	26	859	80
2024-02-06	$58.37	$56.23	51.4%	10.7%	71.7%	43.4%	36.4%	2.9%	6.5%	144.9K	-2.3M	-6.5K	5.17	87.44	6	33	994	113
2024-02-07	$56.76	$56.23	45.1%	12.9%	71.8%	34.5%	44.2%	17.3%	-5.9%	112.3K	-1.8M	-6.6K	2.83	96.85	6	18	999	142
2024-02-08	$56.00	$56.23	45.4%	13.0%	71.6%	35.0%	45.6%	10.1%	-5.9%	111.2K	-1.4M	-6.3K	0.01	100.49	152	2	1,001	154
2024-02-09	$57.05	$56.23	44.1%	12.6%	72.4%	33.1%	34.8%	-10.0%	-3.0%	134.1K	-2.0M	-7.0K	0.78	93.46	53	42	1,152	156
2024-02-12	$58.37	$56.23	48.4%	13.9%	73.3%	39.1%	43.3%	11.2%	-7.6%	156.2K	-2.6M	-7.1K	0.50	92.78	4	2	1,207	191
2024-02-13	$56.34	$56.23	47.6%	13.7%	73.6%	38.1%	0.0%	15.0%	-9.3%	133.2K	-1.8M	-6.8K	0.00	98.73	0	0	1,207	192
2024-02-14	$56.21	$56.23	40.9%	11.7%	73.5%	28.7%	41.1%	0.7%	-1.6%	156.1K	-2.0M	-6.5K	0.03	89.74	501	13	1,207	150
2024-02-15	$56.75	$56.23	39.9%	11.4%	73.3%	27.3%	40.9%	14.5%	3.5%	253.9K	-3.7M	-9.7K	1.22	90.59	25	30	1,698	150
2024-02-16	$56.99	$56.23	37.9%	10.9%	72.7%	24.4%	36.9%	-1.3%	0.5%	279.9K	-3.8M	-9.4K	0.49	93.96	37	18	1,721	176
2024-02-20	$57.36	$56.23	41.8%	12.0%	72.6%	29.9%	40.2%	21.8%	-4.4%	278.0K	-4.1M	-8.8K	0.12	97.88	1,225	143	1,635	137
2024-02-21	$56.19	$56.23	38.6%	11.1%	72.3%	25.5%	38.5%	4.3%	1.5%	414.6K	-4.9M	-11.4K	0.20	102.64	292	60	2,844	278
2024-02-22	$57.36	$56.23	36.4%	10.4%	73.3%	22.4%	55.7%	-0.1%	-7.0%	418.1K	-5.2M	-10.5K	0.00	102.48	207	0	2,818	273
2024-02-23	$58.19	$56.23	38.5%	11.0%	73.9%	25.3%	40.3%	14.0%	-4.1%	457.9K	-7.3M	-11.7K	0.00	94.51	114	0	2,981	273
2024-02-26	$57.07	$56.23	40.0%	11.5%	72.1%	27.4%	40.3%	3.7%	6.7%	477.0K	-6.2M	-10.6K	0.00	93.13	101	0	2,902	273
2024-02-27	$56.72	$56.23	45.2%	13.0%	71.9%	34.6%	43.9%	23.6%	-4.3%	458.1K	-5.5M	-10.3K	0.00	97.71	4	0	2,958	273
2024-02-28	$55.75	$56.23	42.7%	12.2%	71.9%	31.2%	45.1%	14.2%	-8.7%	463.9K	-4.9M	-9.8K	6.00	99.75	1	6	2,958	273
2024-02-29	$56.33	$56.23	46.4%	13.3%	72.4%	36.4%	47.2%	23.5%	-10.5%	454.9K	-5.2M	-9.7K	0.00	104.47	12	0	2,957	274