LBRDA Options History — May 2025

In May 2025, LBRDA traded between $82.40 and $93.83. ATM implied volatility averaged 24.5%, placing in the 3.0% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded below realized volatility by 18.8% (HV 20d: 43.2%). Max pain ranged from $70.29 to $79.66. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 2.02.

Notable Days

2025-05-06: Highest Volume — 40 contracts
2025-05-07: Largest IV drop — 32.4% change
2025-05-06: Highest IV Rank — 12.1%
2025-05-01: Largest Expected Move — 8.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$88.23	$82.40	$93.83	$82.40	$87.07
Max Pain	$77.88	$70.29	$79.66	$74.98	$79.66
ATM IV	24.5%	20.2%	36.3%	31.2%	22.3%
Expected Move	6.9%	5.8%	8.9%	8.9%	6.4%
HV 20d	43.2%	24.1%	68.4%	68.4%	27.0%
HV 60d	44.6%	44.0%	45.3%	44.3%	44.9%
IV Rank	3.0%	0.0%	12.1%	8.1%	1.7%
IV Percentile	8.7%	0.0%	43.7%	27.4%	4.8%
Term Structure	1.5%	-2.3%	3.5%	-2.3%	1.9%
VWIV	24.0%	13.1%	39.4%	39.4%	21.7%
Skew 25d	5.7%	3.8%	8.5%	8.5%	4.9%
Skew 10d	14.3%	9.2%	22.5%	18.0%	9.9%
Call IV 25d	21.9%	18.1%	29.7%	29.7%	22.0%
Put IV 25d	27.6%	23.3%	38.1%	38.1%	26.9%
Bid-Ask Spread %	82.49	53.26	95.89	86.63	95.89
Gamma HHI	0.23	0.15	0.34	0.34	0.15
Net GEX	857	-3.0K	9.0K	7.1K	-478
Net DEX	-92.7K	-197.2K	13.9K	-103.4K	1.7K
Net VEX	-687	-1.4K	-400	-420	-1.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.02	0.00	14.00	0.00	0.00
Total Volume	9.048	0	40	6	1
Total OI	95.048	64	143	64	143

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
2025-05-01	$82.40	$74.98	31.2%	8.9%	68.4%	8.1%	0.0%	8.5%	-2.3%	7.1K	-103.4K	-420	0.00	86.63	0	6	28	36
2025-05-02	$82.46	$74.98	29.2%	8.4%	67.7%	6.5%	0.0%	8.5%	-2.2%	6.4K	-95.5K	-453	0.00	93.29	0	0	28	43
2025-05-05	$84.76	$79.66	34.9%	8.4%	59.3%	11.0%	0.0%	6.6%	0.4%	5.7K	-126.9K	-400	0.00	65.86	21	0	28	43
2025-05-06	$85.88	$79.66	36.3%	8.4%	57.5%	12.1%	39.4%	6.8%	1.0%	9.0K	-172.1K	-558	0.81	53.26	22	18	49	43
2025-05-07	$86.43	$79.66	24.5%	7.9%	54.8%	2.8%	0.0%	6.5%	1.2%	1.8K	-111.1K	-612	0.00	71.15	1	0	28	65
2025-05-08	$86.79	$79.66	22.3%	6.8%	48.6%	1.0%	0.0%	6.1%	2.3%	2.0K	-132.0K	-520	5.00	71.97	1	5	29	65
2025-05-09	$86.09	$79.66	24.8%	7.5%	45.7%	3.0%	0.0%	6.5%	1.9%	1.5K	-111.2K	-580	0.00	69.95	0	0	28	70
2025-05-12	$86.37	$79.66	25.6%	6.8%	45.8%	3.7%	0.0%	5.3%	1.8%	557	-111.7K	-617	0.00	78.20	0	0	28	70
2025-05-13	$88.80	$79.66	21.2%	6.3%	46.1%	0.2%	29.6%	5.4%	2.0%	-1.9K	-143.7K	-552	14.00	79.96	1	15	28	70
2025-05-14	$88.88	$70.29	22.4%	6.4%	46.2%	1.1%	0.0%	5.3%	2.0%	-2.3K	-135.1K	-656	0.00	75.52	0	0	29	77
2025-05-15	$90.21	$70.29	23.2%	6.7%	41.9%	1.8%	0.0%	5.2%	1.6%	-2.1K	-158.5K	-518	0.00	75.02	0	0	29	77
2025-05-16	$93.83	$70.29	20.9%	6.0%	42.7%	0.0%	19.5%	4.2%	2.6%	2.8K	-197.2K	-412	0.28	88.55	27	7	29	77
2025-05-19	$91.69	$79.66	20.2%	5.8%	38.4%	0.0%	13.1%	3.8%	2.3%	-1.1K	-51.5K	-722	0.00	85.08	1	0	18	65
2025-05-20	$92.64	$79.66	20.8%	6.0%	38.3%	0.5%	25.8%	4.7%	2.8%	-607	-76.1K	-571	0.00	87.72	5	0	19	65
2025-05-21	$91.44	$79.66	20.6%	5.9%	39.1%	0.4%	23.3%	4.1%	2.5%	-1.1K	-57.1K	-855	0.00	85.23	0	1	22	65
2025-05-22	$90.46	$79.66	21.6%	6.2%	39.2%	1.1%	19.3%	5.4%	3.1%	-1.8K	-47.8K	-839	0.00	93.20	1	0	22	66
2025-05-23	$89.59	$79.66	22.0%	6.3%	24.9%	1.4%	0.0%	5.0%	3.5%	-1.1K	-51.5K	-754	0.00	93.59	0	5	23	66
2025-05-27	$90.13	$79.66	24.3%	7.0%	24.4%	3.3%	21.7%	5.3%	1.7%	-1.5K	-44.1K	-865	3.25	92.71	4	14	23	71
2025-05-28	$89.83	$79.66	24.6%	7.1%	24.1%	3.5%	0.0%	5.0%	0.7%	-1.7K	-36.3K	-985	0.00	93.91	0	11	25	85
2025-05-29	$87.06	$79.66	20.9%	6.0%	27.2%	0.5%	0.0%	5.4%	0.9%	-3.0K	13.9K	-1.1K	0.91	95.63	12	11	25	96
2025-05-30	$87.07	$79.66	22.3%	6.4%	27.0%	1.7%	0.0%	4.9%	1.9%	-478	1.7K	-1.4K	0.00	95.89	1	0	36	107