LBRDA Options History — August 2025

In August 2025, LBRDA traded between $58.02 and $63.31. ATM implied volatility averaged 35.4%, placing in the 19.5% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded below realized volatility by 70.4% (HV 20d: 105.8%). Max pain ranged from $55.00 to $70.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.20.

Notable Days

2025-08-14: Highest Volume — 32 contracts
2025-08-07: Largest IV spike — 34.1% change
2025-08-20: Highest IV Rank — 34.7%
2025-08-01: Largest Expected Move — 11.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$60.37	$58.02	$63.31	$59.98	$60.26
Max Pain	$61.19	$55.00	$70.00	$60.00	$60.00
ATM IV	35.4%	26.8%	47.9%	40.5%	29.9%
Expected Move	9.8%	7.7%	11.6%	11.6%	8.6%
HV 20d	105.8%	27.6%	173.7%	173.4%	27.6%
HV 60d	102.5%	102.2%	102.7%	102.6%	102.7%
IV Rank	19.5%	8.0%	34.7%	16.4%	20.7%
IV Percentile	54.2%	27.4%	84.1%	66.3%	41.7%
Term Structure	-0.1%	-4.2%	8.7%	-3.4%	2.1%
VWIV	33.8%	26.6%	39.3%	35.3%	39.3%
Skew 25d	3.8%	-19.7%	7.7%	-0.5%	4.3%
Skew 10d	9.3%	-34.0%	19.3%	-7.2%	8.9%
Call IV 25d	32.1%	24.2%	48.9%	41.0%	27.8%
Put IV 25d	35.9%	29.2%	41.8%	40.5%	32.1%
Bid-Ask Spread %	98.11	86.29	119.41	101.67	105.45
Gamma HHI	0.39	0.19	0.77	0.57	0.21
Net GEX	-5.9K	-31.0K	5.9K	-12.1K	4.9K
Net DEX	128.4K	-37.2K	325.9K	285.6K	31.4K
Net VEX	-897	-1.3K	-520	-723	-988
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.20	0.00	1.00	0.25	0.00
Total Volume	10.381	0	32	5	21
Total OI	299.238	266	405	276	300

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
2025-08-01	$59.98	$60.00	40.5%	11.6%	173.4%	16.4%	0.0%	-0.5%	-3.4%	-12.1K	285.6K	-723	0.25	101.67	4	1	195	81
2025-08-04	$59.19	$70.00	42.9%	10.6%	173.4%	18.2%	0.0%	4.8%	-1.0%	-13.0K	277.7K	-697	1.00	86.29	1	1	199	83
2025-08-05	$60.12	$70.00	42.1%	10.7%	173.5%	17.6%	0.0%	6.3%	-2.6%	-13.4K	244.8K	-697	0.00	89.91	1	0	200	76
2025-08-06	$59.16	$70.00	29.8%	10.8%	173.5%	8.0%	0.0%	7.2%	-4.2%	-16.9K	257.4K	-596	0.47	90.63	19	9	201	76
2025-08-07	$58.58	$60.00	39.9%	10.1%	173.4%	15.9%	0.0%	5.6%	0.3%	-15.3K	293.4K	-622	0.00	92.18	0	1	222	85
2025-08-08	$58.02	$60.00	38.8%	9.7%	173.4%	15.1%	0.0%	5.7%	0.7%	-16.1K	325.9K	-542	0.10	93.79	10	1	222	86
2025-08-11	$58.70	$60.00	47.9%	10.1%	173.2%	22.2%	0.0%	5.1%	-1.1%	-19.8K	307.3K	-520	0.07	91.77	15	1	222	86
2025-08-12	$59.57	$60.00	37.3%	9.8%	173.7%	13.9%	0.0%	5.2%	-0.7%	-24.7K	252.4K	-582	0.00	92.20	12	0	237	85
2025-08-13	$61.15	$60.00	35.9%	10.3%	138.8%	12.8%	0.0%	7.7%	-2.2%	-19.3K	118.0K	-794	0.00	95.97	28	0	264	85
2025-08-14	$59.86	$60.00	33.8%	9.7%	85.2%	11.1%	35.3%	5.2%	-0.5%	-31.0K	197.4K	-693	0.03	93.33	31	1	289	85
2025-08-15	$61.06	$55.00	34.1%	9.8%	86.2%	11.4%	34.1%	5.6%	-0.2%	5.0K	-166	-1.1K	0.83	97.26	6	5	319	86
2025-08-18	$60.92	$60.00	36.6%	10.5%	85.5%	33.8%	26.6%	0.2%	-1.8%	5.0K	14.5K	-1.2K	0.27	107.91	11	3	228	38
2025-08-19	$61.01	$60.00	34.0%	9.7%	85.1%	28.7%	0.0%	5.8%	-0.1%	5.4K	19.0K	-1.1K	0.00	99.22	1	0	237	40
2025-08-20	$61.11	$60.00	37.0%	10.6%	84.8%	34.7%	0.0%	-19.7%	-1.0%	5.9K	-11.5K	-1.3K	0.00	119.41	1	0	237	40
2025-08-21	$61.16	$60.00	33.3%	9.5%	85.1%	27.3%	0.0%	5.7%	0.4%	5.5K	6.2K	-1.2K	0.00	99.25	3	0	238	40
2025-08-22	$63.31	$60.00	27.8%	8.0%	35.3%	16.3%	39.3%	4.5%	0.9%	5.9K	-37.2K	-1.3K	0.50	103.00	4	2	238	40
2025-08-25	$62.35	$60.00	26.8%	7.7%	33.2%	14.3%	0.0%	5.6%	8.7%	5.2K	-426	-1.2K	0.00	105.14	0	0	236	40
2025-08-26	$60.67	$60.00	32.2%	9.2%	29.3%	25.1%	0.0%	5.9%	0.4%	4.7K	36.2K	-1.0K	0.00	100.06	0	0	236	40
2025-08-27	$61.57	$60.00	32.2%	9.2%	29.9%	25.2%	0.0%	7.4%	1.1%	4.9K	21.3K	-1.1K	0.00	94.04	21	0	236	40
2025-08-28	$60.12	$60.00	29.8%	8.5%	28.4%	20.3%	0.0%	2.3%	1.9%	4.6K	57.2K	-907	0.00	101.94	4	0	256	40
2025-08-29	$60.26	$60.00	29.9%	8.6%	27.6%	20.7%	0.0%	4.3%	2.1%	4.9K	31.4K	-988	0.00	105.45	21	0	260	40