LBRDK Options History — July 2016

In July 2016, LBRDK traded between $60.33 and $63.60. ATM implied volatility averaged 49.8%, placing in the 24.8% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 27.5% (HV 20d: 22.3%). Max pain ranged from $60.00 to $60.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.15.

Notable Days

2016-07-14: Highest Volume — 2,064 contracts
2016-07-15: Largest IV spike — 76.3% change
2016-07-12: Highest IV Rank — 76.9%
2016-07-01: Largest Expected Move — 14.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$62.10	$60.33	$63.60	$60.54	$63.38
Max Pain	$60.00	$60.00	$60.00	$60.00	$60.00
ATM IV	49.8%	20.0%	109.9%	52.0%	40.0%
Expected Move	10.3%	5.7%	14.9%	14.9%	11.5%
HV 20d	22.3%	10.2%	26.7%	26.7%	10.2%
HV 60d	24.4%	21.9%	25.6%	25.6%	21.9%
IV Rank	24.8%	0.0%	76.9%	24.3%	17.4%
IV Percentile	43.0%	0.0%	98.1%	66.0%	29.0%
Term Structure	-6.6%	-20.7%	5.1%	-20.7%	-14.8%
VWIV	39.0%	20.0%	48.7%	20.0%	48.7%
Skew 25d	3.5%	-9.9%	16.3%	5.3%	4.1%
Skew 10d	11.0%	8.3%	15.8%	15.8%	12.0%
Call IV 25d	47.6%	26.7%	70.3%	70.3%	56.2%
Put IV 25d	51.1%	32.4%	75.7%	75.7%	60.3%
Bid-Ask Spread %	123.83	122.21	126.93	126.93	125.17
Gamma HHI	1.00	1.00	1.00	1.00	1.00
Net GEX	12.2K	10.2K	15.0K	15.0K	11.8K
Net DEX	-1.6M	-3.2M	-298.3K	-302.3K	-3.0M
Net VEX	-8.3K	-16.1K	-1.5K	-1.7K	-11.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.15	1.01	1.37	1.37	1.01
Total Volume	1,264	64	2,064	64	2,064
Total OI	1,254	154	2,154	154	2,154

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
2016-07-01	$60.54	$0.00	52.0%	14.9%	26.7%	24.3%	0.0%	5.3%	-20.7%	15.0K	-302.3K	-1.7K	1.37	126.93	27	37	117	37
2016-07-05	$60.33	$0.00	61.7%	9.2%	26.0%	33.1%	0.0%	3.1%	-0.7%	13.0K	-298.3K	-1.6K	1.37	123.23	27	37	117	37
2016-07-06	$60.38	$0.00	65.0%	8.6%	25.8%	36.1%	0.0%	16.3%	2.8%	11.9K	-336.6K	-1.6K	1.37	123.98	27	37	117	37
2016-07-07	$60.90	$0.00	68.5%	8.8%	25.9%	39.2%	0.0%	2.9%	2.6%	13.4K	-323.9K	-1.6K	1.37	123.14	27	37	117	37
2016-07-08	$61.45	$0.00	72.6%	9.0%	26.1%	43.0%	0.0%	2.8%	-2.7%	10.9K	-376.4K	-1.6K	1.37	122.42	27	37	117	37
2016-07-11	$61.74	$0.00	95.4%	9.7%	26.1%	63.8%	0.0%	3.0%	-5.2%	11.0K	-378.7K	-1.6K	1.37	123.25	27	37	117	37
2016-07-12	$61.89	$0.00	109.9%	9.9%	24.5%	76.9%	0.0%	3.1%	-6.3%	10.9K	-393.7K	-1.5K	1.37	123.31	27	37	117	37
2016-07-13	$62.19	$0.00	34.4%	9.9%	24.4%	8.2%	0.0%	3.2%	-4.5%	10.3K	-387.9K	-1.5K	1.37	123.40	27	37	117	37
2016-07-14	$62.50	$0.00	20.0%	5.7%	24.4%	0.0%	20.0%	-9.9%	5.1%	10.2K	-400.7K	-1.5K	1.01	122.21	1,027	1,037	117	37
2016-07-15	$61.92	$60.00	35.2%	10.1%	24.6%	13.2%	35.2%	3.2%	-1.3%	14.2K	-1.9M	-16.1K	1.01	123.61	1,027	1,037	1,117	1,037
2016-07-18	$61.96	$60.00	36.4%	10.4%	24.6%	14.3%	36.4%	3.4%	-4.6%	13.2K	-2.0M	-15.4K	1.01	123.49	1,027	1,037	1,117	1,037
2016-07-19	$61.54	$60.00	38.0%	10.9%	24.8%	15.7%	38.0%	3.4%	-4.7%	14.1K	-1.7M	-15.1K	1.01	123.67	1,027	1,037	1,117	1,037
2016-07-20	$62.32	$60.00	36.2%	10.4%	25.0%	14.1%	36.2%	3.5%	-5.1%	13.0K	-2.2M	-14.6K	1.01	124.58	1,027	1,037	1,117	1,037
2016-07-21	$62.75	$60.00	37.5%	10.7%	25.0%	15.2%	38.3%	3.6%	-11.9%	13.8K	-2.5M	-14.4K	1.01	123.74	1,027	1,037	1,117	1,037
2016-07-22	$63.47	$60.00	36.4%	10.4%	24.9%	14.3%	40.2%	3.6%	-9.4%	11.8K	-3.0M	-13.7K	1.01	123.27	1,027	1,037	1,117	1,037
2016-07-25	$63.04	$60.00	38.5%	11.0%	16.4%	16.1%	43.0%	3.9%	-12.6%	11.4K	-2.8M	-12.9K	1.01	124.58	1,027	1,037	1,117	1,037
2016-07-26	$62.92	$60.00	40.4%	11.6%	15.4%	17.7%	42.4%	4.0%	-12.8%	11.3K	-2.7M	-13.2K	1.01	123.99	1,027	1,037	1,117	1,037
2016-07-27	$63.25	$60.00	39.8%	11.4%	15.4%	17.2%	44.6%	4.0%	-13.1%	11.5K	-2.9M	-12.5K	1.01	124.74	1,027	1,037	1,117	1,037
2016-07-28	$63.60	$60.00	39.1%	11.2%	10.2%	16.6%	45.6%	3.8%	-12.0%	11.6K	-3.2M	-11.7K	1.01	123.85	1,027	1,037	1,117	1,037
2016-07-29	$63.38	$60.00	40.0%	11.5%	10.2%	17.4%	48.7%	4.1%	-14.8%	11.8K	-3.0M	-11.9K	1.01	125.17	1,027	1,037	1,117	1,037