LBRDA Options History — March 2025

In March 2025, LBRDA traded between $74.14 and $82.79. ATM implied volatility averaged 28.5%, placing in the 5.9% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 1.1% (HV 20d: 27.4%). Max pain ranged from $65.60 to $74.98. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 4.73.

Notable Days

2025-03-07: Highest Volume — 71 contracts
2025-03-31: Largest IV spike — 28.4% change
2025-03-10: Highest IV Rank — 9.8%
2025-03-28: Largest Expected Move — 10.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$78.56	$74.14	$82.79	$78.43	$79.17
Max Pain	$69.77	$65.60	$74.98	$70.29	$74.98
ATM IV	28.5%	23.0%	33.4%	28.5%	32.9%
Expected Move	9.6%	8.1%	10.9%	8.2%	10.8%
HV 20d	27.4%	21.5%	31.0%	22.0%	29.9%
HV 60d	30.8%	28.9%	34.6%	34.3%	30.0%
IV Rank	5.9%	1.6%	9.8%	6.0%	9.4%
IV Percentile	13.9%	1.2%	29.4%	13.5%	29.4%
Term Structure	5.7%	-1.3%	13.0%	-1.3%	3.2%
VWIV	40.3%	34.0%	51.4%	51.4%	44.1%
Skew 25d	4.3%	-4.1%	9.4%	5.4%	1.4%
Skew 10d	13.5%	-2.1%	33.7%	13.8%	5.6%
Call IV 25d	27.8%	22.1%	46.6%	27.5%	46.6%
Put IV 25d	32.1%	26.0%	48.0%	32.9%	48.0%
Bid-Ask Spread %	67.35	31.83	113.75	86.16	113.75
Gamma HHI	0.43	0.23	0.67	0.48	0.42
Net GEX	16.0K	-1.5K	45.0K	15.1K	18.0K
Net DEX	-119.6K	-319.4K	20.6K	-100.6K	-147.9K
Net VEX	-1.2K	-2.2K	-689	-1.8K	-978
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.73	0.00	16.00	0.00	7.50
Total Volume	8.429	0	71	1	0
Total OI	264.714	242	295	286	278

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
2025-03-03	$78.43	$70.29	28.5%	8.2%	22.0%	6.0%	0.0%	5.4%	-1.3%	15.1K	-100.6K	-1.8K	0.00	86.16	0	1	179	107
2025-03-04	$78.46	$70.29	28.1%	8.1%	21.5%	5.6%	51.4%	4.9%	-0.7%	15.1K	-107.5K	-1.8K	0.00	87.15	0	1	179	108
2025-03-05	$80.70	$70.29	28.6%	8.2%	22.8%	6.0%	0.0%	4.3%	5.5%	29.4K	-244.0K	-2.0K	0.00	88.71	0	0	179	109
2025-03-06	$80.75	$70.29	30.5%	8.8%	22.7%	7.6%	0.0%	5.4%	4.6%	31.2K	-234.4K	-2.1K	0.00	87.07	6	0	179	109
2025-03-07	$81.62	$70.29	28.9%	8.3%	21.9%	6.3%	0.0%	4.8%	5.2%	35.7K	-319.4K	-2.2K	5.00	92.90	12	59	186	109
2025-03-10	$79.02	$70.29	33.4%	9.6%	25.1%	9.8%	36.3%	6.8%	3.6%	23.2K	-198.8K	-1.4K	0.67	88.66	3	2	181	61
2025-03-11	$76.76	$70.29	33.3%	10.7%	27.6%	9.7%	34.0%	6.1%	2.4%	10.0K	-71.1K	-1.1K	0.00	94.74	1	0	182	63
2025-03-12	$75.32	$70.29	31.9%	9.8%	28.0%	8.6%	34.2%	5.6%	3.2%	3.8K	-27.5K	-928	16.00	95.10	1	17	181	63
2025-03-13	$74.14	$70.29	32.0%	9.3%	28.6%	8.7%	0.0%	6.6%	3.0%	-1.5K	20.6K	-974	0.00	101.11	0	1	180	78
2025-03-14	$75.89	$70.29	30.1%	8.4%	28.8%	7.2%	0.0%	5.7%	4.1%	4.2K	-32.6K	-1.0K	0.00	105.68	1	0	180	79
2025-03-17	$76.75	$70.29	29.8%	9.7%	29.0%	7.0%	0.0%	5.9%	4.2%	6.1K	-50.8K	-906	0.00	31.83	0	0	180	79
2025-03-18	$76.31	$70.29	29.6%	9.8%	29.1%	6.8%	0.0%	-4.1%	5.8%	4.7K	-41.2K	-893	0.00	32.82	0	1	180	79
2025-03-19	$76.20	$70.29	27.9%	9.6%	29.1%	5.5%	0.0%	4.6%	5.2%	-98	-20.2K	-767	0.00	36.77	0	0	180	78
2025-03-20	$77.79	$0.00	25.1%	10.2%	29.9%	3.3%	0.0%	4.9%	10.7%	7.7K	-66.5K	-848	0.00	37.49	0	1	180	78
2025-03-21	$77.78	$0.00	24.4%	10.3%	29.9%	2.7%	0.0%	9.4%	10.1%	4.7K	-55.9K	-799	0.00	38.17	0	0	180	78
2025-03-24	$79.26	$0.00	23.0%	10.3%	30.1%	1.6%	46.2%	3.5%	13.0%	10.6K	-90.0K	-689	7.00	35.60	1	7	179	65
2025-03-25	$80.52	$65.60	24.4%	10.4%	29.0%	2.7%	0.0%	4.2%	11.2%	19.4K	-121.5K	-849	10.00	41.59	2	21	180	71
2025-03-26	$82.79	$65.60	23.0%	10.2%	29.5%	1.6%	35.7%	4.1%	12.5%	45.0K	-244.4K	-1.1K	1.11	35.39	10	11	182	82
2025-03-27	$82.04	$65.60	26.8%	10.2%	29.6%	4.6%	44.1%	-2.6%	0.9%	39.3K	-239.9K	-1.1K	7.50	42.37	2	16	188	73
2025-03-28	$80.03	$70.29	25.6%	10.9%	31.0%	3.7%	0.0%	4.3%	12.6%	14.9K	-117.4K	-799	0.00	41.33	0	0	188	89
2025-03-31	$79.17	$74.98	32.9%	10.8%	29.9%	9.4%	0.0%	1.4%	3.2%	18.0K	-147.9K	-978	0.00	113.75	0	0	188	90