LBRDA Options History — November 2025

In November 2025, LBRDA traded between $44.80 and $51.88. ATM implied volatility averaged 47.0%, placing in the 56.6% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 15.3% (HV 20d: 31.7%). Max pain ranged from $50.00 to $65.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.14.

Notable Days

2025-11-03: Highest Volume — 13 contracts
2025-11-13: Largest IV spike — 45.9% change
2025-11-13: Highest IV Rank — 80.6%
2025-11-13: Largest Expected Move — 17.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.71	$44.80	$51.88	$51.14	$46.39
Max Pain	$56.32	$50.00	$65.00	$55.00	$50.00
ATM IV	47.0%	41.1%	60.2%	46.5%	41.1%
Expected Move	13.1%	11.8%	17.3%	13.3%	11.8%
HV 20d	31.7%	29.4%	34.7%	29.7%	33.8%
HV 60d	29.3%	28.4%	30.2%	28.5%	30.2%
IV Rank	56.6%	43.1%	80.6%	53.5%	46.8%
IV Percentile	83.8%	68.7%	98.8%	86.9%	68.7%
Term Structure	-2.0%	-5.2%	0.1%	-4.8%	-0.4%
VWIV	55.6%	42.5%	101.7%	101.7%	44.8%
Skew 25d	8.8%	4.3%	22.8%	6.4%	9.8%
Skew 10d	20.6%	-19.8%	39.8%	28.2%	21.8%
Call IV 25d	40.8%	35.2%	49.7%	43.0%	35.2%
Put IV 25d	49.6%	44.2%	64.3%	49.4%	45.0%
Bid-Ask Spread %	95.50	85.31	107.44	96.35	104.60
Gamma HHI	0.53	0.49	0.59	0.50	0.59
Net GEX	195.5K	118.1K	315.6K	285.8K	143.9K
Net DEX	-2.3M	-4.8M	-920.6K	-4.3M	-1.1M
Net VEX	-13.9K	-23.3K	-7.1K	-22.5K	-7.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.14	0.00	1.00	0.08	1.00
Total Volume	1.684	0	13	13	0
Total OI	3,069.789	3,034	3,086	3,070	3,036

Daily Data (19 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
2025-11-03	$51.14	$55.00	46.5%	13.3%	29.7%	53.5%	101.7%	6.4%	-4.8%	285.8K	-4.3M	-22.5K	0.08	96.35	12	1	3,004	66
2025-11-04	$51.01	$55.00	49.0%	14.0%	29.7%	58.4%	0.0%	10.8%	-5.2%	288.0K	-4.4M	-22.9K	0.00	98.12	1	0	3,006	67
2025-11-05	$51.88	$55.00	47.4%	13.6%	31.2%	55.3%	51.6%	10.6%	-4.7%	315.6K	-4.8M	-23.3K	0.00	100.46	1	0	3,005	67
2025-11-06	$49.66	$65.00	46.5%	12.3%	32.2%	53.5%	0.0%	6.5%	-2.0%	257.1K	-3.4M	-19.4K	0.00	85.31	0	0	3,005	67
2025-11-07	$50.13	$65.00	59.8%	12.8%	32.6%	79.9%	0.0%	9.0%	-2.0%	272.7K	-4.1M	-21.3K	0.00	92.33	1	0	3,005	66
2025-11-10	$48.52	$65.00	46.6%	12.0%	33.2%	53.6%	0.0%	7.6%	-1.0%	226.4K	-2.8M	-16.6K	0.00	88.34	1	0	3,013	66
2025-11-11	$48.03	$65.00	45.4%	12.0%	30.0%	51.3%	0.0%	22.8%	-2.6%	211.8K	-2.5M	-15.8K	0.00	91.29	1	0	3,014	66
2025-11-12	$48.77	$65.00	41.3%	11.8%	31.6%	43.1%	0.0%	5.0%	0.1%	233.8K	-2.8M	-16.5K	0.00	91.50	0	0	3,015	66
2025-11-13	$47.22	$65.00	60.2%	17.3%	30.5%	80.6%	0.0%	13.3%	-1.0%	179.3K	-2.4M	-15.6K	0.00	96.47	0	0	3,015	66
2025-11-14	$46.46	$65.00	44.1%	12.6%	30.5%	48.7%	47.3%	5.1%	0.1%	161.4K	-1.7M	-12.3K	0.00	89.81	0	9	3,015	66
2025-11-17	$46.48	$50.00	46.4%	13.3%	30.6%	58.2%	0.0%	6.0%	-3.8%	155.5K	-1.5M	-10.8K	0.00	89.56	0	0	3,015	71
2025-11-18	$46.15	$50.00	45.2%	12.9%	30.2%	55.5%	0.0%	4.3%	-2.6%	143.9K	-1.3M	-9.4K	0.00	89.71	0	0	3,015	71
2025-11-19	$44.94	$50.00	44.2%	12.7%	29.5%	53.4%	0.0%	7.7%	-0.2%	118.1K	-920.6K	-7.5K	0.00	94.93	1	0	3,015	71
2025-11-20	$44.80	$50.00	45.7%	13.1%	29.4%	56.7%	45.5%	7.1%	-1.1%	126.1K	-1.1M	-9.0K	0.00	95.69	0	1	3,014	71
2025-11-21	$46.58	$50.00	42.8%	12.3%	34.2%	50.4%	42.5%	7.0%	-0.9%	152.5K	-1.2M	-9.0K	0.00	96.48	0	1	3,014	71
2025-11-24	$45.73	$50.00	53.9%	15.4%	34.0%	74.4%	0.0%	9.3%	-4.1%	150.3K	-1.3M	-9.0K	0.00	107.44	0	0	2,993	41
2025-11-25	$46.53	$50.00	44.3%	12.7%	34.7%	53.6%	0.0%	10.0%	-1.7%	154.8K	-1.4M	-8.8K	0.00	101.41	0	0	2,993	41
2025-11-26	$46.15	$50.00	42.2%	12.1%	34.0%	49.1%	44.8%	9.0%	-0.6%	138.0K	-1.1M	-7.1K	1.00	104.67	1	1	2,993	41
2025-11-28	$46.39	$50.00	41.1%	11.8%	33.8%	46.8%	0.0%	9.8%	-0.4%	143.9K	-1.1M	-7.1K	0.00	104.60	0	0	2,994	42