LBRDA Options History — January 2026

In January 2026, LBRDA traded between $42.41 and $49.05. ATM implied volatility averaged 42.5%, placing in the 49.7% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 14.7% (HV 20d: 27.7%). Max pain ranged from $40.00 to $50.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 1.05.

Notable Days

2026-01-30: Highest Volume — 33 contracts
2026-01-12: Largest IV spike — 24.1% change
2026-01-27: Highest IV Rank — 69.8%
2026-01-27: Largest Expected Move — 14.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$45.97	$42.41	$49.05	$48.35	$48.09
Max Pain	$46.00	$40.00	$50.00	$50.00	$45.00
ATM IV	42.5%	33.6%	51.7%	34.4%	39.9%
Expected Move	12.4%	9.9%	14.8%	9.9%	11.4%
HV 20d	27.7%	17.1%	50.4%	20.9%	50.4%
HV 60d	30.2%	28.3%	36.5%	29.2%	36.5%
IV Rank	49.7%	30.5%	69.8%	32.3%	44.1%
IV Percentile	71.6%	44.4%	94.4%	47.6%	61.9%
Term Structure	-1.8%	-7.6%	4.9%	4.9%	-0.1%
VWIV	44.9%	40.7%	48.8%	40.7%	43.3%
Skew 25d	4.8%	3.1%	8.2%	8.2%	6.1%
Skew 10d	14.0%	10.6%	21.7%	21.7%	14.2%
Call IV 25d	41.8%	32.0%	46.9%	32.0%	39.1%
Put IV 25d	46.6%	40.1%	52.1%	40.1%	45.2%
Bid-Ask Spread %	76.95	65.51	97.81	97.81	90.03
Gamma HHI	0.43	0.19	0.88	0.85	0.38
Net GEX	19.4K	-927	96.4K	68.2K	8.9K
Net DEX	-78.6K	-342.6K	57.9K	-254.0K	-122.2K
Net VEX	-1.0K	-1.8K	-745	-1.7K	-904
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.05	0.00	10.00	0.00	0.74
Total Volume	9.45	0	33	13	33
Total OI	1,925	319	3,252	3,182	355

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
2026-01-02	$48.35	$50.00	34.4%	9.9%	20.9%	32.3%	0.0%	8.2%	4.9%	68.2K	-254.0K	-1.7K	0.00	97.81	0	13	3,036	146
2026-01-05	$49.05	$40.00	37.2%	11.6%	21.3%	38.3%	0.0%	3.4%	-0.6%	96.4K	-342.6K	-1.8K	0.00	65.51	3	0	3,036	159
2026-01-06	$48.87	$40.00	36.7%	11.4%	19.9%	37.1%	0.0%	4.2%	-0.3%	71.2K	-256.2K	-1.4K	0.00	66.80	0	27	3,034	159
2026-01-07	$47.95	$40.00	33.6%	11.5%	21.2%	30.5%	0.0%	5.0%	-0.8%	37.7K	-146.6K	-1.1K	0.00	69.08	0	0	3,034	186
2026-01-08	$48.91	$40.00	35.7%	11.5%	22.3%	35.0%	0.0%	4.0%	-0.2%	44.0K	-165.9K	-1.1K	0.25	71.98	4	1	3,034	186
2026-01-09	$48.88	$40.00	35.3%	11.6%	17.1%	34.2%	40.7%	4.3%	-1.0%	33.9K	-152.4K	-982	0.10	70.20	10	1	3,034	184
2026-01-12	$47.92	$45.00	43.8%	11.7%	18.1%	52.6%	43.5%	5.3%	-1.6%	10.2K	-105.0K	-856	0.50	72.24	6	3	3,044	185
2026-01-13	$45.90	$45.00	43.7%	12.1%	22.7%	52.4%	43.2%	4.2%	-1.3%	2.9K	-47.8K	-874	0.00	74.71	0	2	3,046	188
2026-01-14	$46.92	$50.00	43.7%	12.5%	24.1%	52.3%	0.0%	4.5%	-1.2%	4.8K	-77.4K	-745	0.00	79.96	0	1	3,046	190
2026-01-15	$45.13	$50.00	41.3%	11.8%	26.8%	47.1%	41.7%	3.1%	-0.6%	1.3K	-26.6K	-813	0.50	74.67	10	5	3,046	191
2026-01-16	$43.90	$50.00	43.6%	12.5%	28.1%	52.1%	43.8%	5.6%	-1.7%	1.9K	12.0K	-924	0.88	74.29	8	7	3,056	196
2026-01-20	$43.02	$50.00	46.3%	13.3%	28.5%	57.9%	48.8%	5.1%	-2.4%	760	14.9K	-903	1.50	74.32	4	6	123	196
2026-01-21	$43.48	$50.00	46.4%	13.3%	29.1%	58.2%	0.0%	4.6%	-2.5%	864	14.1K	-997	0.00	74.38	0	3	126	205
2026-01-22	$44.55	$50.00	46.1%	13.2%	30.7%	57.5%	0.0%	4.0%	-3.4%	2.3K	-17.0K	-916	0.00	75.22	1	0	126	208
2026-01-23	$44.31	$50.00	46.4%	13.3%	30.6%	58.1%	46.8%	4.1%	-3.6%	1.5K	-423	-1.0K	10.00	77.48	1	10	127	208
2026-01-26	$44.94	$50.00	48.4%	13.9%	30.8%	62.6%	46.0%	5.6%	-5.1%	1.7K	-9.2K	-922	0.00	80.14	12	0	126	216
2026-01-27	$42.41	$45.00	51.7%	14.8%	36.4%	69.8%	48.1%	5.2%	-7.6%	-927	57.9K	-982	0.14	76.11	7	1	138	216
2026-01-28	$42.53	$45.00	47.9%	13.7%	36.3%	61.5%	0.0%	5.2%	-4.7%	-336	45.0K	-876	0.00	87.25	2	0	139	217
2026-01-29	$44.28	$45.00	47.0%	13.5%	39.8%	59.6%	47.5%	4.3%	-2.3%	1.3K	8.4K	-1.0K	0.14	86.75	7	1	141	217
2026-01-30	$48.09	$45.00	39.9%	11.4%	50.4%	44.1%	43.3%	6.1%	-0.1%	8.9K	-122.2K	-904	0.74	90.03	19	14	138	217