LBRDK Options History — December 2017

In December 2017, LBRDK traded between $81.31 and $88.94. ATM implied volatility averaged 33.8%, placing in the 28.4% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 10.3% (HV 20d: 23.5%). Max pain ranged from $80.00 to $90.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2017-12-01: Highest Volume — 15,200 contracts
2017-12-12: Largest IV spike — 71.1% change
2017-12-12: Highest IV Rank — 56.3%
2017-12-01: Largest Expected Move — 11.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$85.16	$81.31	$88.94	$88.85	$85.17
Max Pain	$81.67	$80.00	$90.00	$90.00	$80.00
ATM IV	33.8%	25.9%	57.6%	39.1%	28.1%
Expected Move	9.1%	7.4%	11.2%	11.2%	8.0%
HV 20d	23.5%	20.6%	27.2%	24.6%	26.7%
HV 60d	27.7%	26.9%	29.0%	27.0%	28.9%
IV Rank	28.4%	19.1%	56.3%	33.0%	22.4%
IV Percentile	52.1%	16.3%	97.6%	79.4%	25.8%
Term Structure	5.1%	-11.4%	10.3%	-11.4%	9.0%
VWIV	33.9%	30.6%	42.1%	42.1%	32.1%
Skew 25d	0.3%	-6.3%	12.7%	12.7%	3.3%
Skew 10d	0.7%	-9.5%	25.4%	19.6%	8.0%
Call IV 25d	34.9%	30.1%	40.4%	31.9%	30.4%
Put IV 25d	35.2%	28.7%	44.6%	44.6%	33.7%
Bid-Ask Spread %	90.73	70.61	114.62	114.62	94.85
Gamma HHI	0.59	0.29	0.71	0.49	0.61
Net GEX	456.6K	89.7K	1.5M	1.5M	401.8K
Net DEX	-4.8M	-24.1M	-410.6K	-24.1M	-3.4M
Net VEX	-50.8K	-213.5K	-6.8K	-213.5K	-34.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.01	0.00	0.00
Total Volume	9,004.9	7,413	15,200	15,200	7,451
Total OI	24,204.45	12,068	42,201	42,201	12,151

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
2017-12-01	$88.85	$90.00	39.1%	11.2%	24.6%	33.0%	42.1%	12.7%	-11.4%	1.5M	-24.1M	-213.5K	0.00	114.62	15,165	35	42,154	47
2017-12-04	$88.94	$0.00	39.1%	10.6%	24.3%	33.0%	0.0%	-2.0%	3.4%	755.3K	-9.1M	-87.7K	0.00	70.61	15,159	35	33,189	47
2017-12-05	$87.77	$0.00	35.3%	10.2%	20.6%	28.3%	0.0%	2.3%	3.5%	641.8K	-6.9M	-75.0K	0.00	86.31	15,159	35	33,189	47
2017-12-06	$85.29	$0.00	33.1%	9.6%	22.5%	25.4%	0.0%	0.7%	5.6%	628.4K	-8.0M	-82.8K	0.00	88.16	15,159	35	33,189	47
2017-12-07	$85.49	$0.00	40.7%	9.3%	21.5%	35.1%	0.0%	-3.2%	6.1%	493.5K	-4.8M	-52.6K	0.01	82.84	7,428	45	33,189	47
2017-12-08	$84.65	$0.00	38.4%	8.7%	21.3%	32.1%	0.0%	2.8%	8.0%	481.4K	-4.7M	-52.3K	0.01	81.04	7,428	45	33,241	57
2017-12-11	$86.25	$0.00	33.6%	9.7%	22.6%	26.2%	0.0%	0.8%	4.0%	589.2K	-6.4M	-70.8K	0.01	88.84	7,428	45	33,241	57
2017-12-12	$85.45	$0.00	57.6%	10.0%	22.5%	56.3%	0.0%	-1.4%	1.7%	471.0K	-4.4M	-51.4K	0.01	85.51	7,428	45	33,241	57
2017-12-13	$85.36	$0.00	31.9%	9.1%	22.0%	23.9%	33.9%	0.3%	8.7%	214.2K	-1.2M	-17.6K	0.01	108.38	7,441	45	33,241	52
2017-12-14	$84.93	$90.00	31.6%	9.1%	21.6%	27.5%	36.1%	-6.3%	7.1%	443.1K	-4.1M	-42.9K	0.01	92.13	7,441	54	33,255	52
2017-12-15	$83.66	$80.00	30.2%	8.7%	21.5%	25.5%	30.6%	2.1%	6.9%	431.2K	-4.1M	-48.9K	0.01	85.44	7,442	53	33,255	56
2017-12-18	$84.40	$80.00	25.9%	7.4%	20.8%	19.1%	31.5%	-3.2%	7.8%	187.0K	-1.1M	-16.5K	0.00	93.05	7,383	31	12,028	40
2017-12-19	$82.09	$80.00	30.6%	8.8%	22.4%	26.1%	32.5%	-0.3%	4.0%	171.8K	-1.1M	-15.7K	0.00	78.47	7,382	31	12,060	40
2017-12-20	$81.31	$80.00	29.0%	8.3%	22.4%	23.8%	30.7%	-3.4%	6.5%	121.7K	-648.7K	-10.9K	0.00	78.58	7,381	34	12,062	40
2017-12-21	$84.49	$80.00	27.4%	7.9%	27.2%	21.4%	35.5%	4.7%	10.3%	89.7K	-410.6K	-6.8K	0.00	98.81	7,417	34	12,063	51
2017-12-22	$85.20	$80.00	28.1%	8.1%	27.1%	22.4%	33.0%	-4.0%	9.4%	299.3K	-2.2M	-28.6K	0.00	94.15	7,417	34	12,100	51
2017-12-26	$85.13	$80.00	34.0%	9.7%	26.0%	31.0%	35.0%	1.4%	4.7%	455.9K	-4.3M	-47.1K	0.00	95.45	7,417	34	12,100	51
2017-12-27	$83.61	$80.00	29.8%	8.5%	26.2%	24.9%	34.0%	3.3%	2.1%	317.0K	-2.6M	-27.5K	0.00	95.78	7,417	34	12,100	51
2017-12-28	$85.16	$80.00	33.2%	9.5%	26.9%	30.0%	33.8%	-4.1%	4.9%	389.1K	-3.4M	-34.2K	0.00	101.63	7,417	34	12,100	51
2017-12-29	$85.17	$80.00	28.1%	8.0%	26.7%	22.4%	32.1%	3.3%	9.0%	401.8K	-3.4M	-34.1K	0.00	94.85	7,417	34	12,100	51