LBRDA Options History — February 2025

In February 2025, LBRDA traded between $70.38 and $76.64. ATM implied volatility averaged 26.2%, placing in the 4.1% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded below realized volatility by 7.8% (HV 20d: 34.0%). Max pain ranged from $65.60 to $70.29. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 10.50.

Notable Days

2025-02-13: Highest Volume — 38 contracts
2025-02-12: Largest IV spike — 33.6% change
2025-02-25: Highest IV Rank — 6.2%
2025-02-25: Largest Expected Move — 8.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$73.99	$70.38	$76.64	$70.48	$76.30
Max Pain	$67.33	$65.60	$70.29	$70.29	$70.29
ATM IV	26.2%	21.0%	28.8%	25.7%	28.0%
Expected Move	7.7%	7.1%	8.3%	7.4%	8.0%
HV 20d	34.0%	22.2%	37.0%	37.0%	22.2%
HV 60d	34.3%	33.1%	38.5%	38.5%	33.8%
IV Rank	4.1%	0.0%	6.2%	3.3%	5.5%
IV Percentile	5.8%	0.0%	13.1%	1.6%	11.1%
Term Structure	-0.1%	-2.1%	2.2%	2.1%	-1.4%
VWIV	28.9%	24.4%	37.0%	25.4%	31.9%
Skew 25d	3.7%	-2.6%	5.3%	3.7%	5.3%
Skew 10d	10.6%	4.8%	19.2%	10.0%	17.3%
Call IV 25d	25.5%	22.6%	28.4%	25.0%	24.8%
Put IV 25d	29.2%	25.7%	32.3%	28.8%	30.1%
Bid-Ask Spread %	85.80	72.78	117.20	95.13	88.62
Gamma HHI	0.37	0.25	0.47	0.34	0.42
Net GEX	11.8K	-1.8K	37.8K	6.3K	11.2K
Net DEX	-89.1K	-241.4K	31.3K	-11.4K	-206.3K
Net VEX	-1.4K	-2.5K	-995	-1.1K	-2.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	10.50	0.00	35.00	1.00	0.00
Total Volume	10.211	0	38	0	2
Total OI	264.789	242	286	245	286

Daily Data (19 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
2025-02-03	$70.48	$70.29	25.7%	7.4%	37.0%	3.3%	0.0%	3.7%	2.1%	6.3K	-11.4K	-1.1K	0.00	95.13	0	0	197	48
2025-02-04	$70.38	$70.29	25.4%	7.3%	35.9%	3.1%	25.4%	3.2%	2.2%	4.9K	1.3K	-1.0K	1.00	98.30	1	1	197	48
2025-02-05	$71.35	$70.29	24.7%	7.1%	35.7%	2.5%	24.4%	3.5%	1.5%	5.0K	-13.5K	-995	0.00	104.40	0	33	198	50
2025-02-06	$73.01	$70.29	21.0%	7.5%	36.4%	0.0%	28.7%	3.9%	-0.1%	7.8K	-56.8K	-1.7K	0.00	72.78	0	11	198	82
2025-02-07	$72.11	$65.60	26.4%	7.9%	36.5%	4.3%	0.0%	3.7%	0.1%	3.0K	5.2K	-1.3K	0.00	77.36	0	11	198	71
2025-02-10	$71.72	$65.60	26.9%	7.8%	33.9%	4.7%	0.0%	3.9%	0.1%	1.9K	27.2K	-1.4K	0.00	79.01	0	0	198	82
2025-02-11	$73.13	$65.60	21.1%	7.2%	34.4%	0.1%	0.0%	4.3%	0.5%	6.7K	-37.9K	-1.4K	0.00	80.21	1	0	198	82
2025-02-12	$73.61	$65.60	28.2%	8.1%	33.7%	5.7%	28.7%	4.4%	-2.1%	8.8K	-59.5K	-1.5K	22.00	76.57	1	23	198	82
2025-02-13	$75.14	$65.60	26.4%	7.6%	34.3%	4.3%	25.3%	3.8%	0.0%	18.8K	-191.8K	-1.5K	35.00	76.41	1	37	200	70
2025-02-14	$75.48	$65.60	25.7%	7.4%	34.3%	3.8%	0.0%	3.9%	0.5%	22.4K	-221.3K	-1.1K	0.00	78.86	0	11	201	41
2025-02-18	$75.66	$65.60	26.5%	7.6%	34.3%	4.3%	0.0%	3.6%	0.2%	22.0K	-212.3K	-1.1K	0.00	82.63	0	16	201	51
2025-02-19	$75.83	$65.60	26.7%	7.6%	34.3%	4.5%	0.0%	4.1%	-0.6%	25.9K	-241.4K	-1.5K	0.00	81.51	0	2	201	67
2025-02-20	$75.53	$65.60	26.5%	7.6%	34.4%	4.4%	37.0%	4.2%	-0.2%	27.1K	-189.0K	-1.2K	0.00	74.53	0	2	201	69
2025-02-21	$75.39	$65.60	27.6%	7.9%	33.4%	5.2%	0.0%	4.2%	-1.0%	37.8K	-199.7K	-1.5K	0.00	77.22	0	0	201	82
2025-02-24	$76.64	$65.60	26.6%	7.6%	32.8%	4.5%	26.6%	3.9%	-0.3%	10.9K	-83.4K	-1.4K	0.00	108.47	0	13	179	67
2025-02-25	$74.92	$65.60	28.8%	8.3%	33.8%	6.2%	31.9%	5.1%	-1.2%	5.0K	-31.6K	-1.4K	5.00	81.01	1	5	179	80
2025-02-26	$73.88	$70.29	28.4%	8.1%	34.2%	5.9%	31.9%	4.1%	-1.5%	-1.8K	31.3K	-1.3K	0.00	80.02	0	1	179	85
2025-02-27	$75.15	$70.29	27.6%	7.9%	33.8%	5.2%	0.0%	-2.6%	-1.6%	261	-2.4K	-1.3K	0.00	117.20	0	21	179	85
2025-02-28	$76.30	$70.29	28.0%	8.0%	22.2%	5.5%	0.0%	5.3%	-1.4%	11.2K	-206.3K	-2.5K	0.00	88.62	2	0	179	107