LBRDA Options History — June 2025

In June 2025, LBRDA traded between $82.62 and $91.64. ATM implied volatility averaged 23.0%, placing in the 2.4% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 2.4% (HV 20d: 25.4%). Max pain ranged from $70.29 to $89.03. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 3.57.

Notable Days

2025-06-26: Highest Volume — 1,158 contracts
2025-06-05: Largest IV spike — 29.6% change
2025-06-13: Highest IV Rank — 5.3%
2025-06-05: Largest Expected Move — 7.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$86.88	$82.62	$91.64	$87.13	$91.64
Max Pain	$82.01	$70.29	$89.03	$79.66	$79.66
ATM IV	23.0%	19.5%	26.7%	21.1%	19.5%
Expected Move	6.8%	5.6%	7.7%	6.0%	5.6%
HV 20d	25.4%	21.9%	27.5%	27.0%	27.5%
HV 60d	44.2%	43.5%	44.9%	44.9%	44.6%
IV Rank	2.4%	0.0%	5.3%	0.7%	0.0%
IV Percentile	8.9%	0.0%	21.4%	2.4%	0.0%
Term Structure	8.8%	1.2%	16.0%	1.2%	16.0%
VWIV	22.8%	13.3%	29.1%	13.3%	19.6%
Skew 25d	5.7%	4.5%	8.7%	8.7%	5.7%
Skew 10d	13.8%	9.7%	17.8%	17.8%	14.2%
Call IV 25d	21.6%	17.7%	24.4%	19.4%	17.7%
Put IV 25d	27.3%	23.4%	30.2%	28.0%	23.4%
Bid-Ask Spread %	86.19	64.98	101.38	101.38	99.41
Gamma HHI	0.30	0.15	0.84	0.16	0.23
Net GEX	20.6K	-5.9K	152.7K	-1.4K	6.3K
Net DEX	-749.3K	-9.5M	108.8K	21.0K	-5.2M
Net VEX	-2.1K	-5.5K	-1.4K	-1.5K	-2.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.57	0.00	20.00	5.00	1.15
Total Volume	73.65	0	1,158	5	30
Total OI	432.1	159	2,569	159	1,422

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
2025-06-02	$87.13	$79.66	21.1%	6.0%	27.0%	0.7%	0.0%	8.7%	1.2%	-1.4K	21.0K	-1.5K	0.00	101.38	0	5	36	123
2025-06-03	$86.72	$79.66	20.0%	5.7%	25.5%	0.0%	13.3%	7.0%	1.7%	-2.6K	24.2K	-1.4K	5.00	98.32	1	5	36	128
2025-06-04	$86.72	$79.66	20.0%	5.7%	25.1%	0.0%	0.0%	5.5%	2.2%	-3.5K	53.0K	-1.6K	0.00	100.98	0	0	35	133
2025-06-05	$86.55	$89.03	25.9%	7.7%	25.0%	4.6%	27.2%	5.1%	6.2%	-3.7K	59.3K	-1.6K	0.00	64.98	2	0	35	133
2025-06-06	$87.44	$89.03	20.0%	6.9%	25.2%	0.1%	0.0%	5.1%	7.9%	-2.5K	27.7K	-1.6K	0.00	71.92	0	0	37	133
2025-06-09	$86.67	$89.03	23.2%	7.5%	25.3%	2.5%	0.0%	4.9%	6.9%	-3.1K	44.4K	-1.5K	0.00	74.46	0	0	37	133
2025-06-10	$89.42	$89.03	22.3%	7.0%	27.5%	1.8%	20.1%	5.0%	7.6%	-1.2K	-12.1K	-1.5K	0.00	82.32	158	0	37	133
2025-06-11	$88.14	$89.03	24.2%	6.9%	26.3%	3.3%	21.9%	5.1%	7.6%	152.7K	-521.7K	-2.4K	0.00	75.34	3	0	194	144
2025-06-12	$86.96	$89.03	23.4%	6.7%	26.7%	2.7%	0.0%	5.7%	8.4%	139.7K	-342.9K	-2.1K	5.00	76.23	2	11	197	144
2025-06-13	$85.65	$89.03	26.7%	7.7%	26.5%	5.3%	23.8%	5.8%	6.4%	75.2K	-49.9K	-2.2K	0.00	76.78	0	14	201	155
2025-06-16	$83.33	$70.29	24.8%	7.1%	22.8%	3.8%	24.7%	6.2%	7.6%	5.0K	74.1K	-1.8K	10.00	90.35	1	11	201	152
2025-06-17	$82.62	$70.29	25.8%	7.4%	21.9%	4.6%	29.1%	5.9%	6.8%	-2.8K	99.8K	-1.9K	4.00	78.79	3	13	201	161
2025-06-18	$84.03	$79.66	25.5%	7.3%	22.6%	4.3%	0.0%	5.5%	10.8%	-5.9K	108.8K	-2.0K	0.00	82.79	0	21	197	174
2025-06-20	$85.48	$79.66	26.6%	7.6%	23.7%	5.2%	25.5%	5.5%	10.9%	62.6K	-3.9K	-2.1K	0.00	81.50	7	0	197	195
2025-06-23	$86.56	$79.66	26.4%	7.6%	24.1%	5.1%	0.0%	5.5%	12.1%	-2.6K	79.8K	-2.1K	0.00	87.89	0	0	41	195
2025-06-24	$88.96	$79.66	22.5%	6.5%	26.1%	2.0%	0.0%	4.5%	13.8%	1.2K	13.6K	-1.9K	0.00	90.93	1	0	41	195
2025-06-25	$87.61	$79.66	21.5%	6.2%	26.5%	1.2%	0.0%	5.0%	13.7%	-450	31.7K	-1.9K	20.00	96.22	1	21	42	195
2025-06-26	$86.87	$79.66	19.9%	5.7%	26.6%	0.0%	27.7%	7.6%	13.5%	-2.1K	50.8K	-2.0K	1.01	98.70	576	582	43	217
2025-06-27	$89.14	$79.66	21.6%	6.2%	25.9%	1.3%	17.7%	4.8%	14.7%	1.6K	-9.5M	-5.5K	0.25	94.46	4	1	1,195	1,374
2025-06-30	$91.64	$79.66	19.5%	5.6%	27.5%	0.0%	19.6%	5.7%	16.0%	6.3K	-5.2M	-2.5K	1.15	99.41	14	16	623	799