LBRDA Options History — January 2025

In January 2025, LBRDA traded between $68.49 and $75.75. ATM implied volatility averaged 37.2%, placing in the 12.4% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 7.3% (HV 20d: 29.9%). Max pain ranged from $65.60 to $70.29. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.34.

Notable Days

2025-01-24: Highest Volume — 161 contracts
2025-01-31: Largest IV drop — 39.9% change
2025-01-27: Highest IV Rank — 21.5%
2025-01-27: Largest Expected Move — 13.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$71.55	$68.49	$75.75	$70.59	$71.08
Max Pain	$68.07	$65.60	$70.29	$70.29	$70.29
ATM IV	37.2%	24.4%	48.6%	27.0%	25.4%
Expected Move	11.7%	7.0%	13.9%	7.7%	7.3%
HV 20d	29.9%	23.3%	41.5%	39.9%	37.3%
HV 60d	43.5%	38.8%	45.4%	43.3%	38.8%
IV Rank	12.4%	2.3%	21.5%	4.4%	3.1%
IV Percentile	34.4%	0.4%	73.0%	2.4%	0.8%
Term Structure	-4.4%	-10.7%	16.5%	12.8%	2.5%
VWIV	41.7%	25.6%	49.5%	42.7%	25.6%
Skew 25d	4.2%	-1.5%	13.2%	-1.5%	3.3%
Skew 10d	9.9%	0.1%	19.2%	2.5%	11.0%
Call IV 25d	39.8%	24.2%	47.2%	30.6%	24.2%
Put IV 25d	44.0%	25.1%	59.7%	29.0%	27.4%
Bid-Ask Spread %	63.88	50.19	105.59	105.04	92.98
Gamma HHI	0.34	0.21	0.66	0.30	0.29
Net GEX	3.8K	-2.9K	17.5K	4.1K	7.1K
Net DEX	-45.3K	-216.5K	31.2K	-51.5K	-27.5K
Net VEX	-851	-2.2K	-496	-525	-981
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.34	0.00	7.00	2.00	0.35
Total Volume	12.5	0	161	0	4
Total OI	117.85	49	241	77	241

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
2025-01-02	$70.59	$70.29	27.0%	7.7%	39.9%	4.4%	0.0%	-1.5%	12.8%	4.1K	-51.5K	-525	0.00	105.04	0	0	38	39
2025-01-03	$72.27	$70.29	24.4%	7.0%	41.3%	2.3%	0.0%	0.9%	16.5%	6.2K	-79.4K	-530	0.00	105.59	0	0	38	39
2025-01-06	$70.97	$0.00	27.7%	11.6%	41.5%	4.9%	42.7%	3.8%	-4.9%	4.5K	-55.7K	-496	2.00	50.19	2	4	38	39
2025-01-07	$70.22	$65.60	28.2%	11.6%	41.5%	5.3%	0.0%	4.6%	-5.1%	3.2K	-38.3K	-564	0.00	50.88	0	0	41	44
2025-01-08	$71.04	$65.60	27.2%	11.7%	26.7%	4.5%	46.3%	3.0%	-5.4%	4.3K	-53.1K	-552	0.00	61.15	0	19	41	44
2025-01-10	$68.49	$65.60	27.3%	11.8%	28.0%	4.6%	0.0%	4.7%	-5.6%	-1.3K	25.7K	-677	0.00	54.90	0	0	41	63
2025-01-13	$68.50	$65.60	32.4%	12.1%	27.5%	8.6%	0.0%	4.4%	-6.3%	-1.5K	31.2K	-664	0.00	52.88	0	0	41	63
2025-01-14	$70.01	$65.60	33.3%	12.3%	26.1%	9.4%	42.8%	4.0%	-6.5%	549	-524	-661	0.00	54.49	1	0	41	63
2025-01-15	$70.22	$65.60	42.2%	12.1%	26.2%	16.4%	0.0%	4.1%	-6.8%	1.2K	-11.4K	-645	0.00	54.87	0	0	42	63
2025-01-16	$70.55	$65.60	42.3%	12.1%	26.3%	16.5%	40.8%	4.4%	-6.1%	2.7K	-19.7K	-635	0.00	54.96	1	0	42	63
2025-01-17	$70.82	$65.60	42.2%	12.1%	25.9%	16.5%	44.0%	4.1%	-6.1%	1.5K	-26.2K	-626	7.00	62.10	1	7	43	63
2025-01-21	$71.23	$65.60	44.3%	12.7%	23.3%	18.1%	49.5%	4.8%	-6.9%	-2.9K	8.6K	-591	0.00	56.65	0	18	20	42
2025-01-22	$71.73	$70.29	44.6%	12.8%	23.5%	18.3%	0.0%	4.4%	-7.0%	-1.8K	-3.1K	-545	0.00	56.73	2	0	20	29
2025-01-23	$73.55	$70.29	43.6%	12.5%	25.1%	17.5%	0.0%	4.0%	-7.4%	-1.4K	-26.3K	-554	0.00	67.19	0	0	22	29
2025-01-24	$75.30	$70.29	44.1%	12.7%	25.3%	18.0%	0.0%	4.3%	-7.5%	-1.2K	-42.5K	-540	0.03	54.64	156	5	22	29
2025-01-27	$75.75	$70.29	48.6%	13.9%	25.3%	21.5%	0.0%	13.2%	-10.7%	17.5K	-216.5K	-2.2K	0.00	52.97	0	2	178	39
2025-01-28	$75.57	$70.29	47.8%	13.7%	25.3%	20.9%	0.0%	4.7%	-9.8%	17.1K	-201.3K	-2.0K	0.00	50.63	0	0	178	41
2025-01-29	$73.96	$70.29	48.5%	13.9%	25.9%	21.4%	0.0%	5.3%	-10.6%	13.3K	-130.9K	-1.9K	0.00	55.85	0	0	178	41
2025-01-30	$69.06	$70.29	42.2%	12.1%	35.9%	16.4%	41.7%	3.3%	-7.4%	3.6K	11.7K	-1.2K	0.35	82.90	21	7	178	41
2025-01-31	$71.08	$70.29	25.4%	7.3%	37.3%	3.1%	25.6%	3.3%	2.5%	7.1K	-27.5K	-981	0.00	92.98	0	4	197	44