LBRDA Options History — April 2025

In April 2025, LBRDA traded between $67.51 and $82.86. ATM implied volatility averaged 44.4%, placing in the 18.5% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded below realized volatility by 8.3% (HV 20d: 52.7%). Max pain ranged from $74.98 to $74.98. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 4.77.

Notable Days

2025-04-25: Highest Volume — 67 contracts
2025-04-04: Largest IV spike — 66.4% change
2025-04-08: Highest IV Rank — 35.3%
2025-04-08: Largest Expected Move — 16.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$74.37	$67.51	$82.86	$79.50	$82.86
Max Pain	$74.98	$74.98	$74.98	$74.98	$74.98
ATM IV	44.4%	24.5%	65.7%	25.4%	32.7%
Expected Move	13.2%	8.5%	16.7%	10.9%	9.4%
HV 20d	52.7%	28.7%	68.6%	29.9%	68.6%
HV 60d	39.4%	29.7%	46.7%	29.9%	44.3%
IV Rank	18.5%	2.8%	35.3%	3.5%	9.3%
IV Percentile	59.8%	3.2%	91.7%	4.8%	31.3%
Term Structure	-7.5%	-14.0%	12.7%	12.7%	-2.5%
VWIV	53.2%	38.2%	94.4%	44.3%	41.2%
Skew 25d	11.2%	3.7%	14.8%	3.7%	8.7%
Skew 10d	25.8%	4.3%	40.8%	4.3%	20.6%
Call IV 25d	40.9%	24.8%	50.0%	24.8%	29.9%
Put IV 25d	52.0%	28.5%	64.2%	28.5%	38.6%
Bid-Ask Spread %	62.51	43.01	114.73	48.53	83.90
Gamma HHI	0.28	0.21	0.37	0.28	0.31
Net GEX	-5.7K	-17.2K	15.2K	8.2K	6.1K
Net DEX	59.6K	-114.6K	198.4K	-85.9K	-107.3K
Net VEX	-631	-829	-388	-715	-431
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.77	0.00	27.00	1.50	2.00
Total Volume	10.905	0	67	1	3
Total OI	212.476	66	325	278	66

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
2025-04-01	$79.50	$74.98	25.4%	10.9%	29.9%	3.5%	44.3%	3.7%	12.7%	8.2K	-85.9K	-715	0.00	48.53	0	1	188	90
2025-04-02	$80.82	$74.98	24.5%	11.3%	28.7%	2.8%	0.0%	7.6%	-5.6%	15.2K	-114.6K	-694	1.50	47.80	2	3	188	92
2025-04-03	$78.80	$74.98	30.0%	11.3%	30.1%	7.1%	48.3%	9.4%	-4.6%	7.4K	-73.7K	-734	0.00	50.00	0	3	188	91
2025-04-04	$72.20	$74.98	49.9%	14.7%	42.5%	22.8%	50.3%	12.7%	-9.3%	-11.7K	114.3K	-829	27.00	43.01	1	29	188	94
2025-04-07	$69.99	$74.98	51.9%	14.8%	42.4%	24.5%	0.0%	11.7%	-9.9%	-11.0K	148.2K	-709	0.00	48.19	0	1	188	80
2025-04-08	$67.51	$74.98	65.7%	16.7%	43.0%	35.3%	63.5%	14.1%	-14.0%	-10.8K	198.4K	-661	0.00	52.76	0	11	188	79
2025-04-09	$73.17	$74.98	45.4%	13.0%	52.6%	19.3%	0.0%	11.8%	-8.3%	-13.3K	79.7K	-673	4.00	56.13	1	4	188	90
2025-04-10	$70.37	$74.98	52.9%	15.2%	54.1%	25.3%	0.0%	13.1%	-10.7%	-13.5K	160.7K	-696	0.00	63.56	0	11	189	94
2025-04-11	$71.26	$74.98	52.2%	15.0%	53.5%	24.7%	94.4%	14.8%	-11.2%	-14.6K	139.1K	-668	0.00	54.80	0	16	189	105
2025-04-14	$72.61	$74.98	51.4%	14.7%	53.8%	24.0%	56.4%	12.9%	-11.5%	-15.3K	102.0K	-592	0.00	57.75	0	5	189	121
2025-04-15	$73.68	$74.98	46.1%	13.2%	54.2%	19.8%	50.8%	11.9%	-9.7%	-17.2K	86.5K	-585	0.71	52.42	7	5	189	126
2025-04-16	$70.59	$74.98	49.8%	14.3%	56.1%	22.7%	53.6%	12.8%	-10.7%	-15.3K	180.3K	-660	0.00	54.06	0	10	194	131
2025-04-17	$72.60	$74.98	49.8%	14.3%	56.6%	22.8%	51.0%	12.0%	-7.6%	-6.0K	35.1K	-666	0.00	78.10	0	6	194	124
2025-04-21	$69.11	$74.98	51.2%	14.7%	58.9%	23.9%	0.0%	13.8%	-9.8%	-8.7K	162.8K	-694	0.00	59.80	7	0	20	76
2025-04-22	$70.77	$74.98	53.1%	15.2%	59.1%	25.4%	0.0%	13.5%	-12.2%	-8.5K	142.2K	-669	0.00	60.22	0	0	15	76
2025-04-23	$72.55	$74.98	53.5%	15.3%	59.7%	25.7%	59.0%	12.1%	-12.4%	-8.1K	113.5K	-625	0.00	57.96	0	11	15	76
2025-04-24	$71.88	$74.98	51.5%	14.8%	58.4%	24.1%	0.0%	12.0%	-12.4%	-10.3K	135.1K	-670	0.00	63.46	0	0	15	86
2025-04-25	$78.98	$74.98	30.9%	8.9%	68.5%	7.8%	40.4%	8.2%	-1.3%	-3.4K	1.7K	-388	2.00	114.73	22	45	15	86
2025-04-28	$80.54	$74.98	35.1%	10.1%	68.4%	11.2%	38.2%	9.5%	-4.0%	4.6K	-66.7K	-463	0.92	84.09	13	12	27	46
2025-04-29	$82.04	$74.98	29.8%	8.5%	68.5%	7.0%	0.0%	8.4%	-1.5%	6.4K	-99.3K	-434	0.00	81.38	0	0	28	38
2025-04-30	$82.86	$74.98	32.7%	9.4%	68.6%	9.3%	41.2%	8.7%	-2.5%	6.1K	-107.3K	-431	2.00	83.90	1	2	28	38