LBRDK Options History — April 2017

In April 2017, LBRDK traded between $86.45 and $91.56. ATM implied volatility averaged 31.2%, placing in the 18.2% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 20.8% (HV 20d: 10.4%). Max pain ranged from $85.00 to $90.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.12.

Notable Days

2017-04-13: Highest Volume — 289 contracts
2017-04-04: Largest IV spike — 43.6% change
2017-04-11: Highest IV Rank — 27.2%
2017-04-17: Largest Expected Move — 9.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$88.56	$86.45	$91.56	$87.11	$91.02
Max Pain	$85.26	$85.00	$90.00	$85.00	$90.00
ATM IV	31.2%	21.2%	41.8%	22.5%	31.0%
Expected Move	8.2%	5.9%	9.7%	6.4%	8.9%
HV 20d	10.4%	9.1%	11.1%	9.1%	11.1%
HV 60d	17.4%	9.5%	20.3%	20.2%	9.7%
IV Rank	18.2%	8.6%	27.2%	9.1%	18.7%
IV Percentile	29.0%	4.8%	66.3%	6.0%	27.8%
Term Structure	-5.2%	-19.7%	1.6%	-3.3%	-8.3%
VWIV	33.0%	19.2%	42.7%	25.4%	19.2%
Skew 25d	1.0%	-20.3%	10.6%	-13.8%	-20.3%
Skew 10d	5.7%	-6.0%	10.5%	-1.6%	-6.0%
Call IV 25d	35.6%	22.6%	45.5%	38.8%	39.5%
Put IV 25d	36.6%	19.3%	48.5%	25.0%	19.3%
Bid-Ask Spread %	117.33	108.11	122.77	121.19	120.92
Gamma HHI	0.43	0.33	0.63	0.40	0.46
Net GEX	36.6K	20.8K	52.8K	52.8K	20.8K
Net DEX	-1.2M	-1.4M	-1.0M	-1.2M	-1.3M
Net VEX	-4.2K	-4.6K	-3.8K	-4.0K	-4.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.12	0.07	0.30	0.07	0.12
Total Volume	243.105	219	289	245	219
Total OI	279.474	242	321	242	295

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
2017-04-03	$87.11	$85.00	22.5%	6.4%	9.1%	9.1%	25.4%	-13.8%	-3.3%	52.8K	-1.2M	-4.0K	0.07	121.19	228	17	233	9
2017-04-04	$88.43	$85.00	32.3%	9.3%	10.2%	18.3%	29.5%	3.1%	-19.7%	43.4K	-1.4M	-3.8K	0.08	122.46	225	17	233	17
2017-04-05	$88.10	$85.00	33.3%	9.5%	10.3%	19.2%	25.5%	1.7%	-12.6%	47.9K	-1.3M	-4.1K	0.08	122.77	222	17	239	17
2017-04-06	$88.41	$85.00	39.4%	5.9%	10.3%	25.0%	21.0%	2.0%	-0.5%	47.5K	-1.4M	-3.9K	0.08	108.11	222	17	239	17
2017-04-07	$87.90	$85.00	39.0%	7.9%	10.4%	24.6%	34.8%	-1.0%	-1.7%	49.0K	-1.3M	-4.1K	0.08	116.46	222	17	239	17
2017-04-10	$88.01	$85.00	40.0%	8.5%	10.4%	25.6%	33.3%	3.4%	-3.3%	47.9K	-1.3M	-4.2K	0.08	116.86	222	17	239	17
2017-04-11	$87.64	$85.00	41.8%	8.8%	10.4%	27.2%	33.6%	3.0%	-4.9%	46.6K	-1.3M	-4.0K	0.08	115.58	222	17	239	17
2017-04-12	$87.78	$85.00	30.3%	8.7%	10.1%	18.0%	34.1%	3.3%	-4.9%	48.0K	-1.3M	-4.1K	0.08	116.31	222	17	239	17
2017-04-13	$86.71	$85.00	33.0%	9.5%	10.8%	20.8%	35.4%	2.4%	-2.1%	48.3K	-1.2M	-4.0K	0.30	114.28	222	67	239	17
2017-04-17	$86.45	$85.00	33.7%	9.7%	10.8%	21.5%	37.1%	2.3%	-1.5%	34.7K	-1.0M	-4.6K	0.30	115.30	222	67	239	67
2017-04-18	$86.68	$85.00	24.4%	7.0%	10.8%	11.9%	23.5%	9.4%	-2.0%	32.2K	-1.0M	-4.3K	0.11	109.01	222	25	239	67
2017-04-19	$87.64	$85.00	21.2%	6.1%	9.8%	8.6%	38.5%	10.6%	0.1%	31.1K	-1.1M	-4.6K	0.11	112.42	222	25	239	75
2017-04-20	$88.62	$85.00	21.8%	6.2%	10.3%	9.2%	34.3%	2.4%	1.6%	27.6K	-1.2M	-4.3K	0.11	114.08	229	25	239	75
2017-04-21	$88.96	$85.00	28.9%	8.3%	10.2%	16.6%	35.9%	2.4%	-7.4%	24.6K	-1.3M	-4.5K	0.11	120.29	229	25	246	75
2017-04-24	$89.93	$85.00	28.1%	8.1%	10.6%	15.8%	39.2%	2.0%	-5.2%	21.4K	-1.2M	-4.2K	0.10	121.07	206	21	221	71
2017-04-25	$90.81	$85.00	29.0%	8.3%	10.7%	16.7%	41.3%	2.0%	-4.2%	21.4K	-1.3M	-4.1K	0.10	120.96	206	21	222	71
2017-04-26	$90.96	$85.00	31.2%	8.9%	10.7%	18.9%	42.7%	2.4%	-7.8%	24.9K	-1.3M	-4.2K	0.10	120.16	204	21	222	71
2017-04-27	$91.56	$85.00	31.9%	9.1%	10.8%	19.7%	42.2%	1.5%	-11.2%	26.1K	-1.3M	-4.2K	0.12	121.00	197	23	221	71
2017-04-28	$91.02	$90.00	31.0%	8.9%	11.1%	18.7%	19.2%	-20.3%	-8.3%	20.8K	-1.3M	-4.0K	0.12	120.92	196	23	222	73