LBRDK Options History — December 2016

In December 2016, LBRDK traded between $69.28 and $75.08. ATM implied volatility averaged 43.9%, placing in the 21.8% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 21.2% (HV 20d: 22.7%). Max pain ranged from $65.00 to $75.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 1.17.

Notable Days

2016-12-05: Highest Volume — 94 contracts
2016-12-14: Largest IV drop — 67.6% change
2016-12-13: Highest IV Rank — 63.3%
2016-12-02: Largest Expected Move — 13.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$73.45	$69.28	$75.08	$70.31	$73.82
Max Pain	$73.18	$65.00	$75.00	$65.00	$75.00
ATM IV	43.9%	27.7%	92.3%	44.1%	34.9%
Expected Move	9.0%	6.2%	13.4%	12.6%	10.0%
HV 20d	22.7%	21.0%	24.2%	21.6%	21.3%
HV 60d	21.1%	19.9%	21.8%	20.2%	21.3%
IV Rank	21.8%	7.9%	63.3%	21.9%	14.1%
IV Percentile	40.3%	2.4%	97.2%	54.4%	24.2%
Term Structure	-2.1%	-25.3%	6.6%	-18.8%	-1.1%
VWIV	40.3%	25.0%	83.8%	79.9%	35.1%
Skew 25d	1.9%	-12.8%	7.6%	4.2%	2.7%
Skew 10d	9.6%	5.3%	30.5%	12.3%	9.3%
Call IV 25d	41.6%	32.6%	62.7%	59.9%	48.6%
Put IV 25d	43.5%	25.3%	66.4%	64.1%	51.2%
Bid-Ask Spread %	121.53	117.31	125.60	125.60	123.19
Gamma HHI	0.39	0.26	0.51	0.26	0.41
Net GEX	4.4K	-1.6K	7.5K	-1.0K	5.4K
Net DEX	-169.3K	-228.7K	554	-3.7K	-185.2K
Net VEX	-1.3K	-1.5K	-301	-303	-1.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.17	0.46	7.40	6.40	0.46
Total Volume	83.667	37	94	37	83
Total OI	87.81	44	101	44	90

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
2016-12-01	$70.31	$65.00	44.1%	12.6%	21.6%	21.9%	79.9%	4.2%	-18.8%	-1.0K	-3.7K	-303	6.40	125.60	5	32	11	33
2016-12-02	$69.28	$65.00	46.6%	13.4%	21.0%	24.1%	83.8%	3.6%	-25.3%	-1.1K	554	-301	7.40	124.81	5	37	11	33
2016-12-05	$70.60	$0.00	51.6%	6.2%	21.6%	28.4%	0.0%	1.0%	6.6%	-1.6K	-1.0K	-351	0.65	117.31	57	37	11	38
2016-12-06	$71.97	$0.00	52.7%	8.1%	21.2%	29.3%	0.0%	-0.1%	0.5%	6.5K	-174.0K	-1.4K	0.65	120.69	57	37	63	38
2016-12-07	$74.33	$0.00	53.3%	7.3%	22.9%	29.9%	0.0%	7.6%	-0.5%	7.5K	-222.1K	-1.4K	0.65	117.53	57	37	63	38
2016-12-08	$72.92	$0.00	56.4%	7.7%	23.3%	32.5%	0.0%	1.5%	2.5%	6.5K	-209.4K	-1.4K	0.65	120.44	57	37	63	38
2016-12-09	$72.34	$0.00	65.6%	8.8%	23.6%	40.4%	0.0%	2.6%	4.5%	6.0K	-188.2K	-1.4K	0.65	120.69	57	37	63	38
2016-12-12	$72.06	$0.00	83.0%	8.8%	23.6%	55.3%	0.0%	2.6%	0.8%	6.4K	-190.5K	-1.4K	0.65	120.58	57	37	63	38
2016-12-13	$73.54	$0.00	92.3%	9.3%	23.6%	63.3%	0.0%	2.7%	-1.7%	6.2K	-200.0K	-1.4K	0.65	120.72	57	37	63	38
2016-12-14	$74.68	$0.00	29.9%	8.6%	23.8%	9.8%	0.0%	2.0%	1.0%	6.1K	-222.1K	-1.4K	0.65	120.37	57	37	63	38
2016-12-15	$74.79	$0.00	30.6%	8.8%	23.7%	10.4%	0.0%	2.2%	1.0%	6.3K	-228.7K	-1.4K	0.65	120.84	57	37	63	38
2016-12-16	$73.92	$0.00	29.7%	8.5%	24.2%	9.7%	0.0%	-12.8%	1.1%	6.7K	-218.7K	-1.4K	0.65	121.04	57	37	63	38
2016-12-19	$74.29	$75.00	31.0%	8.9%	23.9%	10.7%	27.8%	6.9%	-1.8%	3.8K	-177.6K	-1.5K	0.48	121.76	54	26	60	27
2016-12-20	$74.68	$75.00	30.6%	8.8%	23.8%	10.5%	30.6%	2.3%	-0.9%	3.5K	-186.4K	-1.4K	0.48	122.02	54	26	60	27
2016-12-21	$74.90	$75.00	30.9%	8.8%	23.1%	10.6%	30.9%	2.4%	-0.1%	3.5K	-185.8K	-1.4K	0.48	121.85	54	26	60	27
2016-12-22	$74.86	$75.00	31.4%	9.0%	22.9%	11.1%	31.4%	2.4%	-1.9%	4.3K	-176.9K	-1.4K	0.46	122.05	57	26	60	27
2016-12-23	$74.68	$75.00	30.2%	8.7%	22.7%	10.1%	30.3%	2.5%	0.9%	4.2K	-193.1K	-1.4K	0.46	123.10	57	26	63	27
2016-12-27	$75.08	$75.00	27.7%	7.9%	22.0%	7.9%	25.0%	-1.2%	0.6%	3.0K	-198.7K	-1.4K	0.46	121.20	57	26	63	27
2016-12-28	$74.65	$75.00	34.4%	9.9%	21.4%	13.7%	34.3%	2.7%	-6.0%	4.8K	-193.6K	-1.4K	0.46	123.01	57	26	63	27
2016-12-29	$74.80	$75.00	34.5%	9.9%	21.2%	13.7%	34.0%	2.9%	-5.1%	4.6K	-200.7K	-1.4K	0.46	123.21	57	26	63	27
2016-12-30	$73.82	$75.00	34.9%	10.0%	21.3%	14.1%	35.1%	2.7%	-1.1%	5.4K	-185.2K	-1.4K	0.46	123.19	57	26	63	27