LBRDK Options History — September 2018

In September 2018, LBRDK traded between $79.77 and $84.99. ATM implied volatility averaged 25.2%, placing in the 7.7% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 3.9% (HV 20d: 21.3%). Max pain ranged from $80.00 to $80.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.15.

Notable Days

2018-09-13: Highest Volume — 10,425 contracts
2018-09-25: Largest IV spike — 41.8% change
2018-09-25: Highest IV Rank — 17.5%
2018-09-25: Largest Expected Move — 8.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$82.64	$79.77	$84.99	$81.51	$84.29
Max Pain	$80.00	$80.00	$80.00	$80.00	$80.00
ATM IV	25.2%	21.3%	30.1%	23.4%	24.8%
Expected Move	7.3%	6.1%	8.6%	6.7%	7.1%
HV 20d	21.3%	16.2%	25.7%	25.1%	16.3%
HV 60d	23.2%	22.7%	23.8%	23.8%	22.7%
IV Rank	7.7%	0.0%	17.5%	4.0%	6.9%
IV Percentile	10.1%	0.0%	38.9%	2.8%	7.1%
Term Structure	1.7%	-5.1%	9.3%	2.5%	1.9%
VWIV	27.3%	22.0%	38.2%	29.0%	22.0%
Skew 25d	-0.0%	-22.9%	10.4%	2.3%	0.0%
Skew 10d	1.3%	-8.2%	31.7%	-0.6%	2.9%
Call IV 25d	30.6%	20.8%	52.0%	25.7%	24.7%
Put IV 25d	30.6%	22.4%	47.0%	27.9%	24.7%
Bid-Ask Spread %	95.33	47.87	118.04	99.82	88.35
Gamma HHI	0.69	0.26	1.00	0.74	0.46
Net GEX	897.5K	5.9K	12.2M	268.0K	15.0K
Net DEX	-1.2M	-2.7M	-307.8K	-1.3M	-345.6K
Net VEX	-2.3K	-4.4K	-823	-4.4K	-906
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.15	0.01	0.26	0.20	0.26
Total Volume	4,199.263	91	10,425	911	91
Total OI	4,949.105	81	11,016	11,013	108

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
2018-09-04	$81.51	$80.00	23.4%	6.7%	25.1%	4.0%	29.0%	2.3%	2.5%	268.0K	-1.3M	-4.4K	0.20	99.82	762	149	10,927	86
2018-09-05	$80.71	$80.00	25.3%	7.2%	25.4%	7.7%	27.8%	-2.5%	-0.0%	226.2K	-1.1M	-3.8K	0.20	88.10	764	149	10,927	86
2018-09-06	$79.77	$80.00	24.3%	7.3%	25.7%	5.8%	25.4%	1.2%	1.8%	179.1K	-784.7K	-3.3K	0.20	82.15	764	149	10,930	86
2018-09-07	$79.79	$80.00	25.8%	7.2%	24.7%	8.7%	25.3%	-0.3%	2.1%	178.6K	-749.1K	-3.2K	0.20	61.57	764	149	10,930	86
2018-09-10	$80.57	$80.00	24.3%	7.5%	24.5%	5.8%	26.2%	0.3%	1.9%	217.7K	-820.0K	-2.9K	0.20	47.87	764	149	10,930	86
2018-09-11	$81.44	$80.00	23.1%	7.7%	24.7%	3.5%	26.8%	-0.4%	0.6%	227.7K	-626.4K	-2.1K	0.20	47.96	764	149	10,930	86
2018-09-12	$81.31	$80.00	26.2%	7.5%	24.4%	9.5%	26.4%	0.3%	0.4%	251.2K	-940.6K	-2.7K	0.20	75.88	763	149	10,930	86
2018-09-13	$82.45	$80.00	28.6%	8.2%	21.9%	14.3%	27.2%	5.1%	4.6%	311.6K	-1.5M	-3.3K	0.01	107.40	10,276	149	2,197	86
2018-09-14	$82.59	$80.00	27.3%	7.8%	21.0%	11.7%	24.6%	-0.6%	-1.5%	440.0K	-1.6M	-3.0K	0.01	116.17	10,276	149	2,269	86
2018-09-17	$81.90	$80.00	23.2%	6.7%	21.2%	3.7%	23.7%	-4.1%	3.7%	314.1K	-1.2M	-2.2K	0.01	114.06	10,276	149	2,269	86
2018-09-18	$84.60	$80.00	21.4%	6.1%	23.6%	0.0%	23.0%	1.6%	9.3%	272.0K	-2.7M	-2.8K	0.01	111.13	10,271	146	2,270	86
2018-09-19	$84.57	$80.00	27.1%	7.8%	21.8%	11.4%	27.2%	0.7%	-0.0%	865.5K	-2.2M	-2.1K	0.01	98.74	10,271	146	2,270	85
2018-09-20	$84.87	$80.00	28.8%	8.3%	21.5%	14.7%	29.0%	3.9%	-0.8%	1.0M	-2.5M	-1.8K	0.01	114.72	10,271	146	2,270	85
2018-09-21	$84.99	$80.00	23.1%	6.6%	16.2%	3.4%	29.6%	6.3%	3.1%	12.2M	-2.6M	-902	0.01	118.04	10,271	146	2,270	85
2018-09-24	$83.78	$80.00	21.3%	6.1%	16.7%	0.0%	24.9%	0.3%	4.8%	5.9K	-307.8K	-823	0.26	111.76	72	19	58	23
2018-09-25	$83.39	$80.00	30.1%	8.6%	16.7%	17.5%	38.2%	-22.9%	-0.3%	13.6K	-357.1K	-1.0K	0.26	115.05	72	19	85	23
2018-09-26	$83.77	$80.00	25.8%	7.4%	16.7%	8.8%	37.7%	-1.6%	-5.1%	13.5K	-332.2K	-1.1K	0.26	116.23	72	19	85	23
2018-09-27	$83.80	$80.00	25.2%	7.2%	16.3%	7.8%	25.4%	10.4%	3.3%	14.2K	-323.9K	-999	0.26	96.20	72	19	85	23
2018-09-28	$84.29	$80.00	24.8%	7.1%	16.3%	6.9%	22.0%	0.0%	1.9%	15.0K	-345.6K	-906	0.26	88.35	72	19	85	23