LBRDK Options History — May 2016

In May 2016, LBRDK traded between $57.18 and $59.47. ATM implied volatility averaged 39.0%, placing in the 4.3% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 12.7% (HV 20d: 26.3%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.29.

Notable Days

2016-05-02: Highest Volume — 131 contracts
2016-05-17: Largest IV spike — 60.2% change
2016-05-31: Highest IV Rank — 6.3%
2016-05-04: Largest Expected Move — 14.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$58.30	$57.18	$59.47	$59.15	$57.84
Max Pain	$55.71	$55.00	$60.00	$60.00	$55.00
ATM IV	39.0%	29.0%	62.2%	46.8%	35.8%
Expected Move	9.7%	8.3%	14.2%	13.4%	10.3%
HV 20d	26.3%	24.1%	28.2%	25.8%	24.1%
HV 60d	23.9%	22.7%	25.0%	25.0%	24.4%
IV Rank	4.3%	2.2%	6.3%	2.2%	6.3%
IV Percentile	9.5%	7.1%	11.8%	7.1%	11.8%
Term Structure	-4.0%	-27.0%	8.7%	-10.0%	6.1%
VWIV	36.8%	25.2%	56.7%	50.4%	34.3%
Skew 25d	1.9%	-10.9%	10.0%	4.1%	4.1%
Skew 10d	1.1%	-29.7%	17.9%	12.8%	-17.5%
Call IV 25d	38.7%	27.3%	69.4%	64.4%	29.9%
Put IV 25d	40.6%	31.5%	79.0%	68.5%	33.9%
Bid-Ask Spread %	92.63	71.35	128.94	127.17	103.50
Gamma HHI	0.58	0.36	0.79	0.67	0.38
Net GEX	14.0K	2.2K	24.3K	24.3K	5.0K
Net DEX	-287.6K	-449.0K	-143.3K	-449.0K	-161.2K
Net VEX	-453	-747	-199	-470	-199
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.29	0.11	1.27	0.18	1.27
Total Volume	104.048	39	131	131	59
Total OI	134.333	78	163	155	78

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
2016-05-02	$59.15	$60.00	46.8%	13.4%	25.8%	0.0%	50.4%	4.1%	-10.0%	24.3K	-449.0K	-470	0.18	127.17	111	20	125	30
2016-05-03	$58.40	$60.00	48.2%	13.8%	26.1%	0.0%	55.6%	4.9%	-26.0%	19.5K	-361.9K	-747	0.18	128.94	111	20	125	30
2016-05-04	$58.53	$60.00	49.7%	14.2%	26.1%	0.0%	56.7%	4.9%	-27.0%	19.6K	-369.5K	-722	0.18	128.47	111	20	125	30
2016-05-05	$58.37	$55.00	51.3%	8.4%	25.3%	0.0%	33.4%	3.6%	-1.1%	19.6K	-361.8K	-713	0.18	72.37	111	20	125	30
2016-05-06	$58.57	$55.00	52.6%	8.5%	25.3%	0.0%	32.8%	2.4%	-2.6%	20.1K	-372.2K	-687	0.18	71.85	111	20	125	30
2016-05-09	$58.33	$55.00	59.3%	8.7%	25.3%	0.0%	33.6%	3.0%	-3.1%	19.6K	-361.6K	-630	0.18	74.11	111	20	125	30
2016-05-10	$59.20	$55.00	62.2%	8.6%	25.8%	0.0%	33.9%	2.6%	-1.2%	20.4K	-405.9K	-601	0.18	71.35	111	20	125	30
2016-05-11	$59.44	$55.00	29.9%	8.6%	25.5%	0.0%	34.4%	3.2%	-3.0%	20.6K	-418.6K	-571	0.18	72.68	111	20	125	30
2016-05-12	$58.57	$55.00	29.6%	8.5%	25.7%	0.0%	33.2%	2.1%	-2.8%	19.7K	-378.1K	-549	0.12	74.24	111	13	125	30
2016-05-13	$59.15	$55.00	29.3%	8.4%	25.9%	0.0%	33.7%	1.8%	-2.8%	15.8K	-413.1K	-530	0.12	75.21	111	13	125	33
2016-05-16	$57.73	$55.00	30.1%	8.6%	27.3%	0.0%	33.4%	2.5%	-2.4%	18.9K	-331.2K	-465	0.12	76.54	111	13	125	33
2016-05-17	$57.18	$55.00	48.3%	13.8%	27.5%	0.0%	56.6%	10.0%	-6.5%	20.4K	-258.5K	-500	0.12	127.05	111	13	125	33
2016-05-18	$57.23	$55.00	31.8%	9.1%	26.3%	0.0%	32.7%	2.0%	-4.5%	23.7K	-269.6K	-389	0.11	77.60	116	13	125	33
2016-05-19	$57.62	$55.00	30.6%	8.8%	26.2%	0.0%	32.7%	1.9%	-4.8%	2.2K	-143.3K	-272	0.11	82.12	116	13	130	33
2016-05-20	$59.47	$55.00	29.2%	8.4%	28.2%	0.0%	31.6%	1.7%	-2.9%	2.6K	-180.1K	-214	0.11	83.54	116	13	130	33
2016-05-23	$57.77	$55.00	29.0%	8.3%	26.7%	0.0%	25.2%	-9.8%	8.7%	3.7K	-163.7K	-272	0.50	91.46	26	13	45	33
2016-05-24	$59.06	$55.00	33.9%	9.7%	27.8%	0.0%	34.2%	-10.9%	-1.5%	4.6K	-182.7K	-238	0.50	102.17	26	13	45	33
2016-05-25	$58.07	$55.00	30.3%	8.7%	27.2%	0.0%	31.9%	-1.9%	5.1%	4.7K	-163.5K	-253	0.50	101.97	26	13	45	33
2016-05-26	$57.20	$55.00	30.4%	8.7%	27.4%	0.0%	31.2%	4.8%	2.4%	4.3K	-145.2K	-247	0.50	100.66	26	13	45	33
2016-05-27	$57.47	$55.00	31.4%	9.0%	27.3%	2.2%	32.2%	3.5%	-4.1%	4.4K	-148.9K	-248	0.50	102.16	26	13	45	33
2016-05-31	$57.84	$55.00	35.8%	10.3%	24.1%	6.3%	34.3%	4.1%	6.1%	5.0K	-161.2K	-199	1.27	103.50	26	33	45	33