LBRDK Options History — November 2017

In November 2017, LBRDK traded between $85.96 and $91.10. ATM implied volatility averaged 37.6%, placing in the 31.2% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 2.3% (HV 20d: 35.3%). Max pain ranged from $90.00 to $95.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.13.

Notable Days

2017-11-06: Highest Volume — 5,384 contracts
2017-11-03: Largest IV spike — 27.1% change
2017-11-06: Highest IV Rank — 40.2%
2017-11-08: Largest Expected Move — 11.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$88.55	$85.96	$91.10	$88.02	$86.96
Max Pain	$90.24	$90.00	$95.00	$95.00	$90.00
ATM IV	37.6%	32.4%	44.8%	35.2%	37.9%
Expected Move	10.6%	9.3%	11.7%	10.1%	10.9%
HV 20d	35.3%	23.2%	40.3%	36.2%	23.3%
HV 60d	26.4%	25.0%	27.0%	25.8%	26.6%
IV Rank	31.2%	24.5%	40.2%	28.1%	31.6%
IV Percentile	72.5%	50.4%	89.3%	66.7%	76.2%
Term Structure	0.6%	-10.8%	7.5%	2.4%	4.2%
VWIV	40.4%	35.3%	48.8%	48.8%	45.2%
Skew 25d	-0.5%	-19.5%	10.1%	-0.2%	-19.5%
Skew 10d	-5.5%	-25.2%	12.0%	-6.5%	0.6%
Call IV 25d	41.1%	34.1%	55.2%	55.2%	54.4%
Put IV 25d	40.6%	33.5%	55.0%	55.0%	34.9%
Bid-Ask Spread %	101.03	85.81	114.09	114.09	111.60
Gamma HHI	0.53	0.47	0.97	0.97	0.49
Net GEX	1.1M	264.7K	1.5M	986.4K	1.5M
Net DEX	-13.0M	-25.4M	-1.1M	-9.2M	-25.4M
Net VEX	-123.8K	-228.0K	-12.8K	-74.3K	-228.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.13	0.01	0.62	0.62	0.06
Total Volume	1,765.19	105	5,384	105	669
Total OI	33,417.524	21,263	42,321	21,263	42,201

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
2017-11-01	$88.02	$95.00	35.2%	10.1%	36.2%	28.1%	48.8%	-0.2%	2.4%	986.4K	-9.2M	-74.3K	0.62	114.09	65	40	21,215	48
2017-11-02	$88.15	$90.00	34.6%	10.3%	36.1%	27.4%	35.3%	-2.9%	-0.5%	264.7K	-1.1M	-12.8K	0.01	93.96	5,167	49	21,218	48
2017-11-03	$87.29	$90.00	44.0%	9.8%	36.1%	39.1%	36.2%	0.2%	0.4%	354.6K	-2.3M	-33.3K	0.01	107.10	5,167	49	26,320	57
2017-11-06	$90.60	$90.00	44.8%	10.9%	39.1%	40.2%	43.8%	8.2%	-2.1%	808.9K	-6.5M	-65.0K	0.01	89.35	5,335	49	26,320	57
2017-11-07	$89.53	$90.00	35.7%	10.6%	39.2%	28.7%	37.2%	2.1%	0.9%	1.3M	-14.6M	-136.7K	0.49	97.93	99	49	31,455	57
2017-11-08	$87.72	$90.00	40.7%	11.7%	39.5%	35.1%	38.7%	0.3%	-4.6%	953.0K	-8.2M	-87.5K	0.10	94.56	485	49	31,450	57
2017-11-09	$88.57	$90.00	36.0%	10.3%	39.1%	29.1%	36.6%	-0.6%	-1.3%	927.6K	-11.5M	-117.1K	0.34	101.97	146	49	31,847	57
2017-11-10	$88.45	$90.00	34.1%	9.8%	39.0%	26.8%	38.1%	-2.6%	2.1%	1.5M	-13.1M	-112.4K	0.34	106.35	146	49	31,899	57
2017-11-13	$89.10	$90.00	34.8%	10.0%	39.2%	27.7%	39.2%	-1.2%	0.1%	956.0K	-6.8M	-74.1K	0.33	85.81	149	49	31,899	57
2017-11-14	$87.84	$90.00	40.6%	11.6%	39.4%	34.9%	39.4%	10.1%	-2.4%	940.2K	-12.8M	-119.5K	0.03	100.10	1,680	49	31,914	57
2017-11-15	$88.80	$90.00	40.1%	11.5%	39.6%	34.3%	40.4%	0.8%	0.2%	1.0M	-11.3M	-115.8K	0.03	89.80	1,680	52	33,507	57
2017-11-16	$89.68	$90.00	36.7%	10.5%	39.8%	30.0%	37.6%	4.6%	5.3%	1.1M	-14.5M	-136.2K	0.03	98.64	1,680	52	33,507	60
2017-11-17	$91.10	$90.00	32.4%	9.3%	40.2%	24.5%	41.4%	-1.5%	6.3%	1.2M	-17.8M	-155.2K	0.01	99.58	4,003	52	33,507	60
2017-11-20	$90.04	$90.00	37.8%	10.8%	40.3%	31.4%	38.3%	1.2%	-1.5%	1.3M	-17.5M	-161.5K	0.06	94.05	519	32	36,058	29
2017-11-21	$89.72	$90.00	38.0%	10.9%	39.5%	31.7%	37.5%	0.9%	-2.2%	1.3M	-17.1M	-161.1K	0.06	89.56	766	43	36,408	34
2017-11-22	$89.06	$90.00	35.2%	10.1%	39.3%	28.1%	39.7%	5.6%	3.3%	1.2M	-20.8M	-183.6K	0.03	108.84	1,593	43	37,088	45
2017-11-24	$87.92	$90.00	38.3%	11.0%	23.5%	32.0%	41.2%	5.1%	1.6%	1.1M	-11.9M	-125.8K	0.03	105.47	1,415	43	38,618	45
2017-11-27	$85.96	$90.00	36.3%	10.4%	25.1%	29.5%	43.8%	-6.8%	4.3%	1.1M	-13.4M	-139.7K	0.01	109.14	2,444	35	39,898	45
2017-11-28	$87.08	$90.00	36.0%	10.3%	23.9%	29.1%	45.6%	-3.0%	7.5%	1.4M	-19.1M	-179.8K	0.02	110.90	2,324	35	42,274	47
2017-11-29	$87.87	$90.00	40.7%	11.7%	23.2%	35.1%	45.5%	-11.3%	-10.8%	1.4M	-18.8M	-180.1K	0.06	112.87	634	35	42,144	47
2017-11-30	$86.96	$90.00	37.9%	10.9%	23.3%	31.6%	45.2%	-19.5%	4.2%	1.5M	-25.4M	-228.0K	0.06	111.60	634	35	42,154	47