LBRDA Options History — July 2025

In July 2025, LBRDA traded between $61.14 and $94.16. ATM implied volatility averaged 37.0%, placing in the 13.7% IV rank vs the trailing year. The 30-day expected move averaged 11.3%. IV traded below realized volatility by 63.9% (HV 20d: 100.9%). Max pain ranged from $60.00 to $95.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 5.79.

Notable Days

2025-07-10: Highest Volume — 157 contracts
2025-07-09: Largest IV spike — 98.7% change
2025-07-16: Highest IV Rank — 27.6%
2025-07-16: Largest Expected Move — 15.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$83.53	$61.14	$94.16	$94.16	$61.14
Max Pain	$78.46	$60.00	$95.00	$79.66	$60.00
ATM IV	37.0%	19.9%	54.9%	21.0%	38.8%
Expected Move	11.3%	5.7%	15.7%	6.0%	11.1%
HV 20d	100.9%	28.9%	175.0%	28.9%	173.8%
HV 60d	68.7%	34.8%	102.6%	44.5%	102.6%
IV Rank	13.7%	0.3%	27.6%	1.1%	15.1%
IV Percentile	52.8%	0.8%	88.5%	4.0%	62.7%
Term Structure	-5.8%	-11.7%	16.7%	16.0%	-1.9%
VWIV	42.0%	17.6%	77.7%	17.6%	40.0%
Skew 25d	5.9%	-6.6%	12.5%	4.8%	3.1%
Skew 10d	10.5%	-24.7%	22.5%	10.5%	-24.7%
Call IV 25d	36.6%	16.1%	48.3%	18.4%	37.2%
Put IV 25d	42.5%	23.1%	52.9%	23.1%	40.3%
Bid-Ask Spread %	64.78	34.95	105.63	100.96	104.82
Gamma HHI	0.39	0.15	1.00	0.19	0.48
Net GEX	-9.4K	-276.6K	42.6K	10.0K	-11.9K
Net DEX	-1.7M	-5.6M	4.6M	-5.6M	248.3K
Net VEX	-1.5K	-4.1K	0	-2.1K	-811
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.79	0.00	50.00	0.00	0.00
Total Volume	26.591	0	157	5	9
Total OI	745.273	40	1,639	1,450	267

Daily Data (22 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
2025-07-01	$94.16	$79.66	21.0%	6.0%	28.9%	1.1%	17.6%	4.8%	16.0%	10.0K	-5.6M	-2.1K	0.00	100.96	5	0	635	815
2025-07-02	$92.73	$79.66	19.9%	5.7%	29.5%	0.3%	20.4%	8.0%	16.7%	8.8K	-5.4M	-2.2K	7.50	105.63	2	16	633	815
2025-07-03	$93.96	$74.98	20.5%	10.7%	29.7%	0.7%	45.1%	7.1%	-6.6%	10.1K	-5.6M	-2.1K	0.00	34.95	0	11	635	831
2025-07-07	$91.91	$79.66	21.3%	11.0%	31.1%	1.3%	0.0%	7.0%	-7.2%	7.1K	-5.3M	-2.3K	0.00	35.94	0	0	635	842
2025-07-08	$93.07	$79.66	20.4%	11.0%	31.1%	0.7%	46.1%	6.7%	-7.3%	10.9K	-5.5M	-2.0K	0.00	36.55	0	11	635	842
2025-07-09	$90.82	$79.66	40.5%	11.6%	32.4%	16.4%	45.5%	7.4%	-8.8%	5.7K	-5.3M	-1.8K	0.00	42.07	0	5	635	853
2025-07-10	$90.68	$79.66	39.6%	11.4%	30.6%	15.7%	35.4%	7.2%	-8.4%	2.0K	-5.2M	-2.3K	0.01	50.14	156	1	635	858
2025-07-11	$89.02	$89.03	40.2%	11.5%	30.9%	16.2%	64.0%	7.4%	-8.7%	30.2K	-5.4M	-3.1K	50.00	47.88	1	53	780	859
2025-07-14	$90.70	$89.03	41.7%	11.9%	31.1%	17.3%	46.6%	7.6%	-9.9%	42.6K	-382.8K	-2.8K	3.67	49.97	3	12	205	816
2025-07-15	$88.87	$95.00	45.2%	13.0%	31.5%	20.1%	0.0%	12.5%	-9.6%	-276.6K	1.2M	-4.1K	0.00	36.07	0	0	187	776
2025-07-16	$65.75	$95.00	54.9%	15.7%	112.1%	27.6%	0.0%	-6.6%	-11.0%	-20.6K	4.6M	-2.1K	0.00	43.67	0	0	187	776
2025-07-17	$87.83	$95.00	41.7%	12.0%	155.0%	17.3%	77.7%	6.7%	-9.3%	-12.6K	241.9K	-2.5K	0.00	61.59	0	40	162	214
2025-07-18	$86.96	$60.00	43.9%	12.6%	155.0%	19.1%	0.0%	7.4%	-9.7%	-932	7.7K	-55	0.00	56.52	0	0	0	40
2025-07-21	$88.46	$60.00	44.4%	12.7%	155.0%	19.4%	44.3%	10.5%	-10.1%	-55	0	0	0.00	52.89	0	1	0	40
2025-07-22	$89.37	$90.00	45.7%	13.1%	155.0%	20.4%	0.0%	8.2%	-10.6%	-1.1K	11.5K	-53	1.00	59.48	1	1	0	41
2025-07-23	$90.25	$90.00	43.8%	12.6%	154.7%	19.0%	0.0%	8.0%	-10.2%	-1.1K	13.1K	-78	0.00	64.05	0	0	1	47
2025-07-24	$87.80	$90.00	46.1%	13.2%	154.9%	20.8%	46.1%	8.5%	-11.7%	-1.7K	19.4K	-107	0.00	61.29	0	1	1	47
2025-07-25	$69.83	$60.00	35.9%	10.3%	175.0%	12.8%	36.5%	-0.4%	-8.5%	-4.6K	50.9K	-146	0.04	93.36	111	4	1	46
2025-07-28	$67.19	$70.00	35.7%	10.2%	174.7%	12.6%	33.6%	2.0%	-3.5%	6.1K	-9.2K	-569	0.20	92.89	30	6	121	49
2025-07-29	$63.76	$65.00	35.2%	10.1%	174.5%	12.2%	31.2%	4.7%	-2.8%	-2.9K	56.3K	-582	1.13	95.54	32	36	144	51
2025-07-30	$63.34	$65.00	38.0%	10.9%	173.7%	14.4%	40.0%	2.8%	-3.4%	-7.3K	200.4K	-979	0.16	98.91	32	5	156	83
2025-07-31	$61.14	$60.00	38.8%	11.1%	173.8%	15.1%	0.0%	3.1%	-1.9%	-11.9K	248.3K	-811	0.00	104.82	9	0	186	81