LBRDA Options History — March 2024

In March 2024, LBRDA traded between $52.03 and $56.57. ATM implied volatility averaged 47.4%, placing in the 38.4% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 13.2% (HV 20d: 34.2%). Max pain ranged from $46.86 to $56.23. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.26.

Notable Days

2024-03-20: Highest Volume — 53 contracts
2024-03-07: Largest IV spike — 82.1% change
2024-03-08: Highest IV Rank — 88.7%
2024-03-28: Largest Expected Move — 13.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$53.67	$52.03	$56.57	$56.57	$53.49
Max Pain	$51.55	$46.86	$56.23	$56.23	$51.55
ATM IV	47.4%	33.8%	83.8%	46.8%	47.7%
Expected Move	11.6%	9.7%	13.7%	13.4%	13.7%
HV 20d	34.2%	30.5%	70.9%	70.9%	31.3%
HV 60d	47.6%	47.2%	49.6%	49.6%	47.6%
IV Rank	38.4%	19.4%	88.7%	36.9%	39.7%
IV Percentile	76.6%	33.7%	99.2%	88.9%	90.1%
Term Structure	0.3%	-20.4%	8.4%	6.7%	0.3%
VWIV	39.0%	33.4%	48.9%	45.8%	35.8%
Skew 25d	7.4%	-9.1%	35.5%	23.3%	5.2%
Skew 10d	14.3%	-12.4%	49.4%	49.4%	11.7%
Call IV 25d	50.9%	34.2%	65.2%	45.8%	65.2%
Put IV 25d	58.3%	41.0%	70.5%	69.1%	70.5%
Bid-Ask Spread %	106.67	100.91	110.63	105.67	108.88
Gamma HHI	0.59	0.23	0.98	0.72	0.32
Net GEX	231.5K	2.9K	688.9K	478.8K	7.7K
Net DEX	-1.3M	-5.4M	251.5K	-5.4M	-325.9K
Net VEX	-3.0K	-9.3K	-655	-9.3K	-1.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.26	0.00	2.50	0.00	0.00
Total Volume	8.3	0	53	6	0
Total OI	2,172.3	791	3,281	3,241	865

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
2024-03-01	$56.57	$56.23	46.8%	13.4%	70.9%	36.9%	45.8%	23.3%	6.7%	478.8K	-5.4M	-9.3K	0.00	105.67	6	0	2,967	274
2024-03-04	$53.66	$46.86	46.5%	10.6%	34.8%	36.5%	36.7%	1.4%	1.4%	412.2K	-2.4M	-6.3K	2.50	101.74	6	16	2,965	274
2024-03-05	$53.51	$51.55	68.7%	13.0%	33.5%	67.5%	37.2%	13.4%	5.9%	353.6K	-2.9M	-6.8K	0.00	107.30	2	0	2,972	289
2024-03-06	$52.57	$51.55	43.3%	10.6%	32.0%	32.1%	35.7%	5.2%	2.8%	325.5K	-1.6M	-4.9K	1.00	105.28	7	7	2,973	289
2024-03-07	$53.04	$51.55	78.9%	12.6%	31.2%	81.8%	42.2%	29.8%	-4.2%	325.3K	-2.2M	-5.6K	0.00	107.40	2	0	2,975	294
2024-03-08	$52.97	$51.55	83.8%	12.8%	30.9%	88.7%	35.6%	0.3%	2.4%	345.8K	-2.1M	-5.0K	0.00	107.61	4	0	2,973	294
2024-03-11	$55.43	$51.55	52.5%	11.8%	34.6%	44.9%	48.9%	26.8%	-4.1%	650.4K	-3.6M	-4.7K	0.00	106.01	9	0	2,971	294
2024-03-12	$54.32	$51.55	52.1%	10.7%	34.0%	44.4%	0.0%	-1.7%	-5.7%	583.9K	-2.1M	-3.3K	0.00	108.28	0	0	2,974	294
2024-03-13	$54.99	$51.55	37.0%	10.6%	32.2%	23.3%	33.4%	-7.4%	-2.4%	688.9K	-2.2M	-2.7K	0.50	106.21	4	2	2,974	294
2024-03-14	$53.81	$51.55	40.8%	11.7%	33.0%	28.5%	0.0%	2.3%	2.4%	399.5K	-430.2K	-1.3K	0.00	110.63	0	0	2,974	297
2024-03-15	$53.60	$51.55	36.5%	10.5%	32.7%	23.4%	35.7%	18.9%	-5.9%	2.9K	251.5K	-701	0.22	100.91	10	2	2,984	297
2024-03-18	$54.25	$51.55	35.1%	10.1%	33.1%	21.4%	42.0%	35.5%	-6.4%	3.5K	-113.3K	-655	0.00	107.02	9	0	718	73
2024-03-19	$54.23	$51.55	46.1%	13.2%	32.9%	37.3%	0.0%	-8.1%	-20.4%	5.4K	-142.6K	-675	0.00	107.17	1	0	726	73
2024-03-20	$53.42	$51.55	38.3%	11.0%	32.6%	26.1%	0.0%	1.3%	4.1%	5.2K	-123.2K	-713	0.00	107.43	53	0	727	73
2024-03-21	$53.27	$51.55	43.2%	12.4%	31.4%	33.2%	39.0%	0.5%	2.9%	8.9K	-323.4K	-1.2K	0.00	107.41	1	0	780	73
2024-03-22	$52.47	$51.55	36.5%	10.5%	30.9%	23.5%	0.0%	9.8%	6.8%	9.2K	-303.4K	-1.2K	0.00	107.03	2	0	781	73
2024-03-25	$52.58	$51.55	41.0%	11.7%	30.5%	29.9%	0.0%	4.1%	4.2%	7.6K	-285.1K	-1.2K	0.00	106.80	1	0	781	82
2024-03-26	$52.03	$51.55	40.3%	11.6%	30.6%	29.0%	0.0%	-2.9%	8.4%	7.1K	-274.0K	-1.2K	0.00	107.89	1	0	782	82
2024-03-27	$53.14	$51.55	33.8%	9.7%	31.4%	19.4%	35.8%	-9.1%	6.5%	8.2K	-335.7K	-1.1K	0.00	106.67	0	21	783	82
2024-03-28	$53.49	$51.55	47.7%	13.7%	31.3%	39.7%	0.0%	5.2%	0.3%	7.7K	-325.9K	-1.2K	0.00	108.88	0	0	783	82