LBRDK Options History — November 2019

In November 2019, LBRDK traded between $115.54 and $121.18. ATM implied volatility averaged 19.2%, placing in the 8.1% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded below realized volatility by 2.1% (HV 20d: 21.3%). Max pain ranged from $105.00 to $105.00. Net GEX was positive for 2 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 1.70.

Notable Days

2019-11-12: Highest Volume — 174 contracts
2019-11-13: Largest IV drop — 53.1% change
2019-11-12: Highest IV Rank — 27.3%
2019-11-19: Largest Expected Move — 6.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$118.37	$115.54	$121.18	$119.53	$119.79
Max Pain	$105.00	$105.00	$105.00	$105.00	$105.00
ATM IV	19.2%	13.7%	32.2%	18.4%	16.1%
Expected Move	4.8%	3.9%	6.1%	5.3%	4.6%
HV 20d	21.3%	14.8%	24.1%	22.4%	16.0%
HV 60d	18.9%	18.4%	19.3%	19.0%	18.7%
IV Rank	8.1%	0.0%	27.3%	5.5%	5.0%
IV Percentile	16.0%	0.0%	71.8%	7.5%	4.0%
Term Structure	1.4%	-2.9%	8.4%	-1.2%	0.6%
VWIV	19.1%	15.0%	29.6%	22.0%	17.2%
Skew 25d	2.6%	-1.4%	7.7%	-1.4%	3.0%
Skew 10d	2.1%	-11.8%	8.6%	3.6%	3.5%
Call IV 25d	16.7%	15.0%	20.6%	20.6%	15.9%
Put IV 25d	19.3%	16.4%	24.5%	19.3%	19.0%
Bid-Ask Spread %	89.92	80.74	104.63	104.63	97.78
Gamma HHI	0.26	0.21	0.33	0.26	0.31
Net GEX	-57.5K	-160.0K	41.3K	-45.5K	-9.3K
Net DEX	-5.5M	-7.2M	-4.2M	-6.8M	-4.7M
Net VEX	-6.2K	-14.2K	-3.3K	-6.9K	-3.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.70	0.00	8.67	0.00	0.00
Total Volume	28.8	0	174	1	0
Total OI	2,707	2,352	3,064	2,880	2,434

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
2019-11-01	$119.53	$105.00	18.4%	5.3%	22.4%	5.5%	22.0%	-1.4%	-1.2%	-45.5K	-6.8M	-6.9K	0.00	104.63	1	0	689	2,191
2019-11-04	$118.40	$105.00	20.5%	5.1%	23.0%	8.9%	0.0%	3.8%	1.1%	-65.0K	-6.6M	-7.3K	0.17	81.21	6	1	690	2,191
2019-11-05	$118.12	$105.00	18.9%	4.9%	22.8%	6.3%	18.5%	2.9%	2.1%	-49.5K	-6.7M	-6.2K	0.88	80.94	8	7	695	2,192
2019-11-06	$116.40	$105.00	28.0%	5.2%	23.8%	20.7%	18.0%	5.6%	1.9%	-159.3K	-5.2M	-14.2K	0.00	90.06	1	0	703	2,197
2019-11-07	$115.54	$105.00	24.2%	5.6%	24.0%	14.7%	19.4%	0.9%	-0.4%	-160.0K	-5.6M	-11.5K	1.31	89.03	13	17	704	2,197
2019-11-08	$116.86	$105.00	18.6%	5.1%	24.1%	5.8%	18.9%	2.5%	1.6%	-73.8K	-6.3M	-7.8K	0.58	80.74	26	15	716	2,212
2019-11-11	$117.31	$105.00	26.1%	3.9%	23.9%	17.7%	17.1%	-0.1%	8.4%	-25.1K	-7.1M	-3.3K	1.32	92.79	37	49	736	2,225
2019-11-12	$117.56	$105.00	32.2%	4.8%	22.8%	27.3%	19.4%	4.8%	3.7%	-33.0K	-6.8M	-6.7K	8.67	96.69	18	156	769	2,265
2019-11-13	$118.74	$105.00	15.1%	4.3%	22.9%	0.3%	17.5%	3.7%	3.7%	19.3K	-7.2M	-5.0K	0.05	85.50	43	2	768	2,296
2019-11-14	$118.76	$105.00	15.2%	4.4%	22.8%	0.7%	17.1%	2.3%	4.1%	41.3K	-6.4M	-4.7K	0.13	81.95	8	1	695	2,296
2019-11-15	$117.69	$105.00	15.7%	4.5%	23.2%	1.8%	29.6%	1.7%	3.2%	-108.9K	-5.9M	-5.2K	8.00	84.99	1	8	689	2,296
2019-11-18	$117.51	$105.00	16.7%	4.8%	22.9%	4.1%	0.0%	1.2%	-2.9%	-103.2K	-4.2M	-5.0K	0.00	84.60	0	0	492	1,860
2019-11-19	$119.01	$105.00	21.3%	6.1%	23.1%	14.2%	0.0%	3.8%	-2.5%	-94.9K	-4.2M	-6.1K	0.00	88.04	0	147	492	1,860
2019-11-20	$121.18	$105.00	19.2%	5.5%	23.5%	9.6%	18.3%	7.7%	4.2%	-33.7K	-4.7M	-6.1K	1.00	94.11	1	1	492	1,935
2019-11-21	$120.24	$105.00	18.2%	5.2%	23.9%	7.3%	0.0%	3.5%	-1.0%	-61.6K	-4.4M	-6.7K	0.00	90.11	0	3	493	1,936
2019-11-22	$118.88	$105.00	13.7%	3.9%	14.8%	0.0%	0.0%	0.5%	-0.3%	-45.6K	-4.5M	-4.3K	0.00	97.03	0	0	493	1,939
2019-11-25	$118.11	$105.00	15.0%	4.3%	15.0%	2.6%	15.0%	2.6%	0.1%	-66.3K	-4.3M	-4.8K	0.00	92.10	4	0	493	1,939
2019-11-26	$117.83	$105.00	16.9%	4.9%	15.1%	6.9%	17.2%	2.4%	-0.7%	-72.5K	-4.3M	-5.4K	0.00	93.62	0	2	497	1,939
2019-11-27	$119.94	$105.00	14.6%	4.2%	16.0%	1.8%	0.0%	1.3%	2.0%	-3.7K	-4.7M	-3.8K	0.00	92.43	0	0	497	1,937
2019-11-29	$119.79	$105.00	16.1%	4.6%	16.0%	5.0%	0.0%	3.0%	0.6%	-9.3K	-4.7M	-3.6K	0.00	97.78	0	0	497	1,937