LBRDA Options History — December 2025

In December 2025, LBRDA traded between $45.33 and $49.54. ATM implied volatility averaged 37.7%, placing in the 39.3% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded above realized volatility by 9.7% (HV 20d: 28.0%). Max pain ranged from $50.00 to $50.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 1.51.

Notable Days

  • 2025-12-29: Highest Volume — 44 contracts
  • 2025-12-09: Largest IV drop — 11.0% change
  • 2025-12-08: Highest IV Rank — 53.9%
  • 2025-12-01: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.79$45.33$49.54$45.33$48.33
Max Pain$50.00$50.00$50.00$50.00$50.00
ATM IV37.7%34.0%44.4%42.8%34.6%
Expected Move10.7%9.7%12.3%12.3%9.9%
HV 20d28.0%21.1%34.2%34.2%21.3%
HV 60d30.8%29.4%32.3%30.3%29.4%
IV Rank39.3%31.3%53.9%50.3%32.8%
IV Percentile58.7%48.0%79.0%74.6%48.0%
Term Structure2.6%-1.6%4.7%-1.6%3.6%
VWIV37.9%33.9%41.0%41.0%33.9%
Skew 25d5.2%2.4%11.6%9.8%7.8%
Skew 10d10.5%-5.3%20.8%16.7%20.8%
Call IV 25d35.8%31.8%37.7%37.3%31.8%
Put IV 25d41.0%37.0%47.1%47.1%39.7%
Bid-Ask Spread %97.1992.94107.96105.7097.79
Gamma HHI0.680.590.850.600.85
Net GEX145.3K82.9K253.4K104.8K82.9K
Net DEX-886.2K-1.9M-321.0K-712.7K-321.0K
Net VEX-5.1K-9.3K-1.9K-5.5K-1.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.510.007.001.507.00
Total Volume8.318044514
Total OI3,067.1823,0363,1683,0363,168

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-12-01$45.33$50.0042.8%12.3%34.2%50.3%0.0%9.8%-1.6%104.8K-712.7K-5.5K1.50105.70232,99442
2025-12-02$45.37$50.0041.9%12.0%32.2%48.5%0.0%9.0%0.3%107.3K-741.6K-5.4K0.00106.82002,99445
2025-12-03$46.02$50.0041.9%12.0%33.0%48.5%0.0%11.6%-0.2%128.5K-914.6K-6.5K0.00107.96402,99445
2025-12-04$46.26$50.0040.4%11.4%32.2%45.2%0.0%6.6%1.4%125.3K-854.2K-6.3K0.0097.28002,99845
2025-12-05$47.38$50.0041.9%11.5%30.6%48.5%0.0%7.5%1.7%161.8K-1.1M-7.0K0.0097.12002,99845
2025-12-08$47.50$50.0044.4%11.7%30.3%53.9%0.0%6.3%0.3%163.6K-1.1M-6.8K0.0097.80002,99845
2025-12-09$47.63$50.0039.5%10.5%28.2%43.4%0.0%3.5%3.8%158.8K-1.0M-6.4K0.0093.09002,99845
2025-12-10$49.54$50.0037.3%10.7%31.3%38.4%0.0%3.4%4.7%253.4K-1.9M-9.3K0.0094.28002,99845
2025-12-11$48.97$50.0037.0%10.6%31.2%37.9%0.0%3.1%4.5%221.9K-1.6M-8.1K0.0094.25102,99845
2025-12-12$48.05$50.0035.2%10.1%29.7%34.0%0.0%5.5%4.3%166.9K-1.0M-6.2K0.00100.30002,99945
2025-12-15$48.34$50.0037.2%10.7%29.1%38.4%0.0%3.0%3.9%183.4K-1.2M-6.0K0.0095.270122,99945
2025-12-16$48.98$50.0037.0%10.6%29.3%37.9%0.0%3.9%4.3%208.9K-1.4M-6.7K0.0093.50022,99957
2025-12-17$48.74$50.0036.9%10.6%29.2%37.7%41.0%4.6%4.4%190.7K-1.2M-6.2K0.0094.04032,99956
2025-12-18$48.09$50.0035.7%10.2%27.8%35.0%0.0%5.0%2.0%152.0K-834.9K-4.9K0.0096.69002,99959
2025-12-19$47.83$50.0034.0%9.7%27.9%31.3%0.0%3.6%3.1%123.9K-589.9K-3.6K1.3394.0112162,99959
2025-12-22$48.08$50.0035.4%10.2%24.5%34.5%39.3%2.6%1.1%131.3K-647.1K-3.4K0.0095.360142,99966
2025-12-23$47.71$50.0035.1%10.1%23.7%33.7%0.0%4.1%2.7%102.0K-459.4K-2.8K0.0092.941002,99978
2025-12-24$48.28$50.0034.7%9.9%23.3%32.8%39.5%3.8%3.7%129.0K-595.5K-3.0K1.4093.8510143,00978
2025-12-26$48.09$50.0034.6%9.9%23.1%32.6%0.0%3.4%3.6%98.8K-424.0K-2.5K0.0095.690143,01991
2025-12-29$48.28$50.0036.2%10.4%23.1%36.1%36.0%2.4%2.8%96.0K-393.7K-2.0K0.8395.7324203,019105
2025-12-30$48.56$50.0035.0%10.0%21.1%33.5%37.5%3.9%3.8%105.8K-420.0K-2.3K7.0098.78173,035125
2025-12-31$48.33$50.0034.6%9.9%21.3%32.8%33.9%7.8%3.6%82.9K-321.0K-1.9K0.0097.790143,036132