LBRDK Options History — December 2019

In December 2019, LBRDK traded between $117.59 and $125.86. ATM implied volatility averaged 18.4%, placing in the 10.2% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 2.4% (HV 20d: 16.1%). Max pain ranged from $105.00 to $110.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.10.

Notable Days

2019-12-13: Highest Volume — 50 contracts
2019-12-05: Largest IV spike — 48.7% change
2019-12-10: Highest IV Rank — 24.9%
2019-12-31: Largest Expected Move — 6.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$121.50	$117.59	$125.86	$119.71	$125.86
Max Pain	$109.29	$105.00	$110.00	$105.00	$110.00
ATM IV	18.4%	14.3%	25.3%	17.2%	24.1%
Expected Move	5.0%	3.8%	6.9%	4.9%	6.9%
HV 20d	16.1%	14.8%	17.2%	15.2%	15.3%
HV 60d	18.9%	17.9%	19.4%	18.7%	17.9%
IV Rank	10.2%	1.3%	24.9%	7.5%	22.4%
IV Percentile	15.6%	0.4%	51.6%	6.7%	48.0%
Term Structure	3.7%	-0.1%	11.0%	-0.1%	-0.1%
VWIV	17.4%	11.6%	23.1%	23.1%	11.6%
Skew 25d	2.4%	-3.7%	11.7%	2.5%	6.2%
Skew 10d	6.9%	-12.8%	44.6%	2.9%	44.6%
Call IV 25d	19.5%	14.2%	27.7%	17.3%	16.4%
Put IV 25d	21.9%	13.7%	27.8%	19.8%	22.6%
Bid-Ask Spread %	109.59	95.69	118.39	96.18	109.27
Gamma HHI	0.32	0.20	0.54	0.30	0.28
Net GEX	-14.6K	-66.6K	58.9K	-10.7K	-20.7K
Net DEX	-2.4M	-3.7M	235.3K	-3.4M	186.6K
Net VEX	-3.6K	-5.0K	-3.0K	-3.7K	-3.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.10	0.00	0.50	0.00	0.00
Total Volume	3	0	50	0	0
Total OI	1,736.667	216	2,378	2,327	220

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
2019-12-02	$119.71	$105.00	17.2%	4.9%	15.2%	7.5%	0.0%	2.5%	-0.1%	-10.7K	-3.4M	-3.7K	0.00	96.18	0	0	390	1,937
2019-12-03	$119.40	$105.00	16.8%	4.8%	14.8%	6.7%	0.0%	2.6%	0.8%	-17.5K	-3.4M	-3.5K	0.00	99.36	0	0	390	1,937
2019-12-04	$117.59	$105.00	14.3%	4.1%	15.8%	1.3%	23.1%	8.2%	1.0%	-52.7K	-3.2M	-3.8K	0.00	101.54	0	1	390	1,937
2019-12-05	$119.49	$110.00	21.3%	5.3%	15.8%	16.4%	0.0%	3.9%	2.1%	-16.8K	-3.4M	-3.4K	0.00	95.79	0	0	390	1,938
2019-12-06	$120.61	$110.00	20.4%	5.0%	15.7%	14.4%	0.0%	-1.7%	7.2%	9.3K	-3.5M	-3.4K	0.00	101.76	0	0	390	1,938
2019-12-09	$119.68	$110.00	17.8%	4.8%	15.7%	8.7%	0.0%	2.2%	5.5%	-14.5K	-3.4M	-3.0K	0.00	95.69	0	0	390	1,938
2019-12-10	$118.35	$110.00	25.3%	3.8%	16.3%	24.9%	0.0%	4.4%	5.8%	-26.8K	-3.3M	-3.5K	0.00	108.79	0	0	390	1,938
2019-12-11	$119.75	$110.00	18.3%	5.2%	16.8%	9.8%	0.0%	-0.0%	4.6%	-21.7K	-3.4M	-3.6K	0.00	115.34	0	0	390	1,938
2019-12-12	$120.72	$110.00	16.3%	4.7%	16.6%	5.5%	0.0%	-0.9%	7.6%	6.9K	-3.6M	-3.2K	0.00	114.93	5	0	390	1,938
2019-12-13	$121.59	$110.00	18.3%	5.2%	16.8%	9.8%	0.0%	6.2%	5.4%	24.6K	-3.7M	-3.0K	0.00	117.41	0	50	389	1,938
2019-12-16	$120.01	$110.00	16.9%	4.8%	17.2%	6.7%	0.0%	11.7%	5.4%	-66.6K	-3.1M	-5.0K	0.00	117.42	1	0	389	1,988
2019-12-17	$120.64	$110.00	17.4%	5.0%	17.2%	7.8%	0.0%	2.2%	4.1%	-7.3K	-3.3M	-4.1K	0.00	117.04	0	0	389	1,988
2019-12-18	$120.32	$110.00	15.9%	4.6%	16.7%	4.7%	0.0%	-3.7%	4.2%	-9.5K	-3.3M	-4.1K	0.00	111.15	0	0	389	1,988
2019-12-19	$122.39	$110.00	17.0%	4.9%	16.6%	7.0%	11.6%	0.5%	11.0%	58.9K	-3.5M	-4.0K	0.50	117.02	2	1	389	1,988
2019-12-20	$122.17	$110.00	20.8%	6.0%	16.3%	15.3%	0.0%	0.6%	1.2%	-25.5K	-3.4M	-3.8K	0.00	118.39	1	0	391	1,987
2019-12-23	$123.97	$110.00	18.2%	5.2%	16.3%	9.6%	0.0%	-0.3%	0.3%	-23.3K	235.3K	-3.6K	0.00	117.57	2	0	18	198
2019-12-24	$123.98	$110.00	17.9%	5.1%	16.1%	8.9%	0.0%	0.1%	0.0%	-24.3K	194.2K	-3.6K	0.00	117.90	0	0	20	198
2019-12-26	$124.99	$110.00	16.9%	4.8%	16.1%	6.9%	0.0%	10.3%	3.6%	-22.1K	177.9K	-3.6K	0.00	108.96	0	0	20	198
2019-12-27	$125.32	$110.00	19.3%	5.5%	15.1%	12.1%	0.0%	-2.4%	2.3%	-23.1K	162.7K	-3.4K	0.00	110.98	0	0	20	198
2019-12-30	$124.87	$110.00	17.1%	4.9%	15.2%	7.2%	0.0%	-2.1%	5.0%	-24.3K	192.6K	-3.6K	0.00	108.87	0	0	20	198
2019-12-31	$125.86	$110.00	24.1%	6.9%	15.3%	22.4%	0.0%	6.2%	-0.1%	-20.7K	186.6K	-3.6K	0.00	109.27	0	0	22	198