LBRDK Options History — February 2018

In February 2018, LBRDK traded between $86.83 and $96.92. ATM implied volatility averaged 32.6%, placing in the 29.0% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 7.1% (HV 20d: 25.5%). Max pain ranged from $95.00 to $95.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.67.

Notable Days

2018-02-12: Highest Volume — 723 contracts
2018-02-09: Largest IV spike — 42.2% change
2018-02-01: Highest IV Rank — 44.2%
2018-02-09: Largest Expected Move — 10.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$90.93	$86.83	$96.92	$95.05	$87.99
Max Pain	$95.00	$95.00	$95.00	$95.00	$95.00
ATM IV	32.6%	26.4%	42.9%	42.9%	30.3%
Expected Move	8.9%	7.6%	10.7%	9.6%	8.7%
HV 20d	25.5%	15.1%	29.3%	15.1%	29.3%
HV 60d	25.1%	23.5%	26.0%	23.5%	26.0%
IV Rank	29.0%	19.8%	44.2%	44.2%	25.6%
IV Percentile	47.5%	17.9%	89.7%	89.7%	37.3%
Term Structure	1.1%	-7.0%	10.5%	-1.4%	-1.3%
VWIV	34.6%	27.3%	43.8%	38.2%	37.2%
Skew 25d	0.6%	-16.4%	16.6%	1.9%	-0.9%
Skew 10d	12.3%	-1.7%	34.3%	6.8%	3.6%
Call IV 25d	40.3%	29.4%	53.1%	36.4%	44.0%
Put IV 25d	41.0%	29.1%	53.5%	38.3%	43.0%
Bid-Ask Spread %	108.53	98.10	113.39	98.10	111.96
Gamma HHI	0.27	0.18	0.46	0.36	0.23
Net GEX	227.6K	34.1K	747.3K	394.3K	34.1K
Net DEX	-783.1K	-4.9M	501.7K	-2.1M	501.7K
Net VEX	-15.0K	-39.3K	-8.0K	-24.3K	-8.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.67	0.54	0.95	0.64	0.95
Total Volume	662.947	565	723	650	583
Total OI	12,652	12,577	12,699	12,609	12,617

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
2018-02-01	$95.05	$95.00	42.9%	9.6%	15.1%	44.2%	38.2%	1.9%	-1.4%	394.3K	-2.1M	-24.3K	0.64	98.10	396	254	12,365	244
2018-02-02	$96.92	$95.00	36.2%	10.0%	15.9%	34.3%	33.9%	6.2%	-1.6%	747.3K	-4.9M	-39.3K	0.55	101.46	458	254	12,422	244
2018-02-05	$93.59	$95.00	40.3%	9.7%	20.5%	40.3%	43.8%	-1.2%	1.8%	367.4K	-1.9M	-20.2K	0.55	109.19	458	254	12,451	244
2018-02-06	$91.71	$95.00	42.0%	9.3%	22.0%	42.9%	40.1%	4.1%	1.8%	422.5K	-2.2M	-24.7K	0.55	107.97	458	254	12,451	244
2018-02-07	$90.85	$95.00	31.3%	9.0%	22.2%	27.1%	33.7%	1.5%	-1.7%	232.7K	-813.8K	-15.8K	0.55	107.73	458	254	12,451	244
2018-02-08	$87.21	$95.00	26.4%	7.6%	26.6%	19.8%	38.0%	-3.3%	10.5%	155.3K	-220.2K	-13.0K	0.55	108.61	466	254	12,451	244
2018-02-09	$86.83	$95.00	37.5%	10.7%	26.5%	36.2%	40.8%	-1.6%	-4.8%	149.5K	-181.3K	-12.9K	0.55	108.03	465	254	12,451	244
2018-02-12	$89.38	$95.00	31.8%	9.1%	28.0%	27.9%	35.6%	0.7%	2.1%	140.5K	-36.2K	-10.9K	0.54	109.59	469	254	12,448	244
2018-02-13	$89.07	$95.00	29.3%	8.4%	27.9%	24.1%	32.5%	6.7%	0.6%	99.9K	221.3K	-8.6K	0.54	108.71	469	254	12,452	244
2018-02-14	$90.18	$95.00	31.4%	9.0%	28.0%	27.3%	28.5%	0.8%	4.4%	135.0K	-58.6K	-10.6K	0.54	111.91	469	254	12,452	244
2018-02-15	$91.59	$95.00	29.7%	8.5%	28.2%	24.8%	31.6%	-4.6%	1.4%	204.4K	-490.6K	-12.4K	0.54	108.03	469	254	12,452	244
2018-02-16	$92.31	$95.00	28.4%	8.1%	27.4%	22.8%	30.7%	2.6%	8.9%	337.4K	-1.4M	-17.9K	0.54	110.84	469	254	12,455	244
2018-02-20	$91.26	$95.00	28.3%	8.1%	27.6%	22.7%	32.5%	-11.4%	8.8%	226.9K	-838.5K	-13.7K	0.81	109.60	313	252	12,335	242
2018-02-21	$91.20	$95.00	29.9%	8.6%	27.2%	25.0%	32.3%	16.6%	-1.4%	103.7K	-75.9K	-9.9K	0.81	113.39	313	252	12,335	242
2018-02-22	$89.64	$95.00	31.9%	9.2%	27.1%	28.1%	27.3%	6.9%	-7.0%	99.6K	-77.8K	-9.8K	0.81	107.27	313	252	12,335	242
2018-02-23	$91.71	$95.00	28.6%	8.2%	28.6%	23.2%	28.6%	-2.3%	0.3%	144.3K	-156.0K	-10.2K	0.90	109.48	316	284	12,335	242
2018-02-26	$91.25	$95.00	32.1%	9.2%	28.5%	28.3%	35.7%	-16.4%	-2.9%	163.1K	-207.6K	-11.9K	0.95	108.33	299	284	12,343	274
2018-02-27	$89.95	$95.00	30.9%	8.8%	28.7%	26.5%	36.5%	5.3%	2.3%	166.7K	11.1K	-11.3K	0.95	111.79	299	284	12,343	274
2018-02-28	$87.99	$95.00	30.3%	8.7%	29.3%	25.6%	37.2%	-0.9%	-1.3%	34.1K	501.7K	-8.0K	0.95	111.96	299	284	12,343	274