LBRDK Options History — September 2017

In September 2017, LBRDK traded between $94.21 and $103.57. ATM implied volatility averaged 36.1%, placing in the 27.9% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 17.7% (HV 20d: 18.4%). Max pain ranged from $85.00 to $100.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.19.

Notable Days

2017-09-15: Highest Volume — 11,008 contracts
2017-09-13: Largest IV drop — 39.4% change
2017-09-11: Highest IV Rank — 46.7%
2017-09-11: Largest Expected Move — 10.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$98.31	$94.21	$103.57	$100.60	$95.26
Max Pain	$99.25	$85.00	$100.00	$85.00	$100.00
ATM IV	36.1%	28.8%	53.6%	33.3%	29.3%
Expected Move	9.2%	8.3%	10.8%	9.6%	8.4%
HV 20d	18.4%	16.7%	19.7%	18.8%	18.5%
HV 60d	20.6%	20.1%	21.2%	20.4%	20.3%
IV Rank	27.9%	20.1%	46.7%	23.4%	20.7%
IV Percentile	57.7%	31.0%	94.4%	52.8%	33.3%
Term Structure	4.6%	-6.4%	13.5%	-6.4%	4.5%
VWIV	34.1%	29.0%	44.6%	33.0%	30.3%
Skew 25d	0.9%	-21.1%	18.5%	-21.1%	3.4%
Skew 10d	4.0%	-10.4%	16.2%	0.4%	12.5%
Call IV 25d	37.7%	28.0%	43.7%	43.0%	31.1%
Put IV 25d	38.6%	21.9%	51.8%	21.9%	34.5%
Bid-Ask Spread %	103.26	94.44	118.59	118.59	102.72
Gamma HHI	0.60	0.48	0.73	0.48	0.62
Net GEX	1.2M	718.3K	2.0M	912.8K	890.1K
Net DEX	-12.3M	-23.1M	-4.9M	-10.1M	-6.7M
Net VEX	-76.6K	-126.1K	-37.5K	-37.5K	-58.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.19	0.00	0.60	0.01	0.22
Total Volume	1,705	123	11,008	2,164	123
Total OI	14,603.25	4,641	21,005	4,641	21,005

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
2017-09-01	$100.60	$85.00	33.3%	9.6%	18.8%	23.4%	33.0%	-21.1%	-6.4%	912.8K	-10.1M	-37.5K	0.01	118.59	2,135	29	4,549	92
2017-09-05	$101.51	$100.00	37.1%	8.7%	18.6%	27.8%	31.8%	11.0%	2.4%	891.1K	-10.5M	-41.4K	0.04	101.38	885	34	5,799	92
2017-09-06	$103.57	$100.00	42.5%	8.9%	19.2%	33.9%	34.2%	1.1%	0.6%	1.1M	-15.1M	-62.8K	0.03	103.97	1,069	32	5,800	97
2017-09-07	$102.69	$100.00	48.0%	8.7%	16.7%	40.3%	30.9%	4.2%	5.7%	1.1M	-15.2M	-71.3K	0.25	104.66	134	34	6,795	98
2017-09-08	$101.70	$100.00	41.2%	9.1%	16.7%	32.5%	32.6%	-3.4%	1.4%	1.2M	-15.1M	-68.7K	0.04	105.12	921	34	6,812	103
2017-09-11	$99.77	$100.00	53.6%	10.8%	18.0%	46.7%	35.6%	-4.1%	-0.6%	1.6M	-16.3M	-79.9K	0.01	102.71	2,509	34	7,724	103
2017-09-12	$100.44	$100.00	51.9%	10.2%	17.9%	44.7%	36.2%	-2.7%	1.5%	2.0M	-18.0M	-100.2K	0.03	95.11	1,163	34	10,105	103
2017-09-13	$101.56	$100.00	31.5%	9.0%	18.0%	21.3%	35.2%	-5.8%	8.4%	1.8M	-23.1M	-124.1K	0.02	96.21	1,706	34	11,105	103
2017-09-14	$99.55	$100.00	33.8%	9.7%	19.0%	26.3%	34.1%	-2.0%	6.3%	1.7M	-20.6M	-126.1K	0.04	98.33	920	34	11,266	103
2017-09-15	$98.45	$100.00	35.3%	10.1%	18.2%	28.2%	44.6%	-1.3%	7.4%	1.3M	-17.2M	-114.0K	0.00	95.00	10,978	30	11,270	103
2017-09-18	$98.01	$100.00	36.6%	10.5%	18.2%	29.9%	43.0%	1.4%	8.5%	1.8M	-16.6M	-115.4K	0.00	110.72	10,100	25	20,906	24
2017-09-19	$96.81	$100.00	30.3%	8.7%	18.1%	22.0%	35.9%	-0.2%	13.3%	1.4M	-10.4M	-85.1K	0.60	94.44	91	55	20,906	34
2017-09-20	$96.95	$100.00	30.8%	8.8%	18.0%	22.5%	33.8%	1.3%	10.5%	1.3M	-10.4M	-81.3K	0.60	96.60	91	55	20,915	64
2017-09-21	$95.23	$100.00	30.1%	8.6%	18.3%	21.8%	34.0%	18.5%	13.5%	1.1M	-8.9M	-80.3K	0.53	106.19	104	55	20,915	64
2017-09-22	$95.65	$100.00	32.6%	9.3%	18.5%	24.8%	31.6%	6.0%	0.8%	861.9K	-5.5M	-48.9K	0.54	107.70	104	56	20,929	64
2017-09-25	$94.25	$100.00	32.6%	9.3%	19.0%	24.8%	29.0%	6.2%	2.4%	718.3K	-4.9M	-49.6K	0.22	108.39	101	22	20,939	65
2017-09-26	$94.21	$100.00	31.2%	8.9%	19.0%	23.1%	32.0%	2.6%	4.0%	770.2K	-5.6M	-50.2K	0.22	108.43	101	22	20,939	65
2017-09-27	$95.37	$100.00	30.6%	8.8%	19.7%	22.3%	33.9%	1.7%	3.7%	1.1M	-9.8M	-80.3K	0.22	103.26	101	22	20,939	65
2017-09-28	$94.65	$100.00	28.8%	8.3%	19.1%	20.1%	29.4%	0.1%	4.9%	785.1K	-5.7M	-57.4K	0.22	105.66	101	22	20,940	65
2017-09-29	$95.26	$100.00	29.3%	8.4%	18.5%	20.7%	30.3%	3.4%	4.5%	890.1K	-6.7M	-58.6K	0.22	102.72	101	22	20,940	65