LBRDA Options History — February 2026

In February 2026, LBRDA traded between $48.90 and $57.30. ATM implied volatility averaged 37.7%, placing in the 39.4% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded below realized volatility by 17.2% (HV 20d: 54.9%). Max pain ranged from $40.00 to $50.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.58.

Notable Days

2026-02-12: Highest Volume — 24 contracts
2026-02-05: Largest IV spike — 30.6% change
2026-02-25: Highest IV Rank — 47.3%
2026-02-05: Largest Expected Move — 12.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$53.69	$48.90	$57.30	$49.59	$54.70
Max Pain	$43.42	$40.00	$50.00	$45.00	$50.00
ATM IV	37.7%	31.4%	41.3%	40.4%	36.4%
Expected Move	10.9%	9.0%	12.0%	11.6%	10.4%
HV 20d	54.9%	50.8%	59.0%	51.6%	50.8%
HV 60d	39.2%	37.0%	39.9%	37.1%	39.8%
IV Rank	39.4%	25.8%	47.3%	45.2%	36.5%
IV Percentile	55.3%	36.9%	67.5%	63.1%	48.0%
Term Structure	-1.1%	-2.9%	2.6%	0.6%	-0.1%
VWIV	37.6%	30.3%	41.5%	40.3%	40.6%
Skew 25d	5.6%	2.9%	8.6%	6.2%	3.9%
Skew 10d	14.6%	10.0%	23.1%	15.2%	13.2%
Call IV 25d	36.3%	33.9%	38.7%	38.5%	35.7%
Put IV 25d	41.8%	39.4%	44.8%	44.8%	39.5%
Bid-Ask Spread %	82.26	69.68	101.42	93.47	91.03
Gamma HHI	0.43	0.23	0.68	0.42	0.37
Net GEX	14.3K	3.3K	29.3K	12.9K	5.8K
Net DEX	-328.3K	-527.4K	-100.5K	-198.5K	-148.2K
Net VEX	-695	-943	-532	-943	-532
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.58	0.00	6.00	0.00	2.00
Total Volume	4.263	0	24	2	3
Total OI	353.842	308	400	364	310

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
2026-02-02	$49.59	$45.00	40.4%	11.6%	51.6%	45.2%	40.3%	6.2%	0.6%	12.9K	-198.5K	-943	0.00	93.47	2	0	147	217
2026-02-03	$48.90	$45.00	39.7%	11.4%	51.6%	43.7%	41.5%	5.6%	0.4%	12.2K	-176.7K	-911	0.75	95.36	4	3	149	217
2026-02-04	$52.58	$45.00	31.4%	9.0%	57.6%	25.8%	37.2%	8.6%	2.6%	17.4K	-346.2K	-896	0.00	101.42	4	0	146	215
2026-02-05	$51.83	$40.00	41.0%	12.0%	57.4%	46.6%	0.0%	6.1%	-1.1%	16.2K	-290.1K	-936	0.00	69.68	0	0	143	215
2026-02-06	$53.67	$40.00	33.9%	10.9%	58.2%	31.1%	0.0%	6.0%	-1.0%	18.4K	-392.4K	-772	0.00	74.55	1	0	143	215
2026-02-09	$55.09	$40.00	36.2%	10.9%	58.7%	36.1%	0.0%	6.5%	-2.1%	17.8K	-461.2K	-706	0.00	70.77	3	0	144	215
2026-02-10	$57.30	$40.00	38.0%	11.1%	59.0%	40.0%	0.0%	6.5%	-1.6%	12.9K	-527.4K	-649	0.00	74.30	3	0	141	215
2026-02-11	$55.61	$40.00	37.6%	10.8%	57.6%	39.1%	0.0%	5.3%	-1.0%	17.0K	-480.5K	-653	0.00	74.88	2	0	143	215
2026-02-12	$55.44	$40.00	38.4%	11.0%	57.6%	40.8%	35.6%	5.8%	-1.2%	18.9K	-476.4K	-656	0.00	72.88	24	0	145	215
2026-02-13	$55.50	$40.00	37.5%	10.8%	54.9%	39.0%	0.0%	5.0%	-1.5%	21.4K	-498.6K	-705	0.00	75.37	0	0	164	215
2026-02-17	$55.14	$40.00	38.4%	11.0%	53.5%	40.8%	35.9%	4.7%	-1.4%	24.1K	-476.9K	-691	0.00	75.49	2	0	164	215
2026-02-18	$55.52	$40.00	37.0%	10.6%	52.2%	38.0%	30.3%	5.8%	-1.5%	29.3K	-497.4K	-670	0.00	80.33	12	0	166	215
2026-02-19	$53.55	$40.00	37.6%	10.8%	55.0%	39.2%	35.8%	6.5%	-1.9%	23.7K	-390.1K	-622	0.00	81.15	9	0	178	215
2026-02-20	$53.20	$40.00	37.3%	10.7%	55.1%	38.5%	0.0%	5.3%	-2.3%	6.1K	-371.9K	-581	0.00	79.64	1	0	185	215
2026-02-23	$52.94	$50.00	38.4%	11.0%	55.0%	40.8%	41.4%	5.2%	-1.3%	5.3K	-139.1K	-587	6.00	84.56	1	6	112	196
2026-02-24	$54.03	$50.00	38.1%	10.9%	55.2%	40.3%	0.0%	4.5%	-1.4%	5.3K	-147.4K	-595	0.00	90.62	1	0	111	202
2026-02-25	$52.38	$50.00	41.3%	11.9%	51.5%	47.3%	0.0%	5.5%	-2.9%	3.3K	-100.5K	-564	0.00	83.60	0	0	108	202
2026-02-26	$53.15	$50.00	37.6%	10.8%	51.5%	39.2%	0.0%	2.9%	-1.5%	4.1K	-118.7K	-539	0.00	93.88	0	0	108	202
2026-02-27	$54.70	$50.00	36.4%	10.4%	50.8%	36.5%	40.6%	3.9%	-0.1%	5.8K	-148.2K	-532	2.00	91.03	1	2	108	202