LBRDK Options History — February 2020

In February 2020, LBRDK traded between $124.12 and $139.48. ATM implied volatility averaged 19.2%, placing in the 11.8% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded below realized volatility by 3.4% (HV 20d: 22.6%). Max pain ranged from $115.00 to $125.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 1.38.

Notable Days

2020-02-11: Highest Volume — 40 contracts
2020-02-25: Largest IV spike — 66.9% change
2020-02-28: Highest IV Rank — 39.7%
2020-02-28: Largest Expected Move — 9.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$135.20	$124.12	$139.48	$136.73	$124.12
Max Pain	$123.42	$115.00	$125.00	$115.00	$125.00
ATM IV	19.2%	14.2%	32.1%	22.7%	32.1%
Expected Move	5.5%	4.1%	9.2%	6.5%	9.2%
HV 20d	22.6%	21.2%	30.8%	21.2%	30.8%
HV 60d	17.2%	16.5%	21.0%	17.2%	21.0%
IV Rank	11.8%	0.9%	39.7%	19.4%	39.7%
IV Percentile	24.7%	0.4%	88.5%	44.0%	88.5%
Term Structure	1.6%	-7.2%	5.2%	-7.2%	-1.9%
VWIV	21.8%	15.1%	35.3%	20.0%	35.3%
Skew 25d	3.2%	-0.8%	12.6%	-0.8%	3.6%
Skew 10d	3.4%	-14.1%	22.9%	-0.2%	5.4%
Call IV 25d	17.6%	11.8%	27.0%	25.8%	27.0%
Put IV 25d	20.8%	15.5%	30.6%	25.1%	30.6%
Bid-Ask Spread %	99.89	86.38	109.22	109.22	108.44
Gamma HHI	0.29	0.17	0.49	0.22	0.22
Net GEX	23.6K	-11.9K	55.0K	-11.9K	-6.1K
Net DEX	-558.4K	-1.1M	142.6K	-366.3K	142.6K
Net VEX	-3.2K	-3.8K	-2.5K	-2.7K	-3.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.38	0.00	8.00	0.00	4.00
Total Volume	9.684	0	40	6	22
Total OI	319.789	268	343	268	327

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
2020-02-03	$136.73	$115.00	22.7%	6.5%	21.2%	19.4%	20.0%	-0.8%	-7.2%	-11.9K	-366.3K	-2.7K	0.00	109.22	6	0	52	216
2020-02-04	$136.21	$115.00	19.7%	5.6%	21.4%	12.8%	0.0%	-0.3%	-3.0%	-6.9K	-384.5K	-2.8K	0.00	107.17	19	0	58	216
2020-02-05	$134.13	$115.00	15.6%	4.5%	22.3%	4.1%	15.6%	2.9%	1.9%	404	-329.4K	-3.2K	6.00	102.45	1	6	78	216
2020-02-06	$134.51	$125.00	15.8%	4.6%	22.3%	4.5%	0.0%	3.2%	5.0%	-1.4K	-351.4K	-3.2K	0.00	86.38	0	0	77	222
2020-02-07	$134.43	$125.00	16.6%	4.7%	22.3%	6.2%	18.8%	2.2%	4.4%	-1.5K	-348.1K	-3.2K	8.00	90.57	1	8	77	222
2020-02-10	$135.34	$125.00	18.2%	4.9%	22.2%	9.6%	16.9%	3.2%	5.2%	636	-389.0K	-3.1K	0.00	90.41	30	0	78	222
2020-02-11	$135.93	$125.00	16.7%	5.0%	22.0%	6.4%	17.5%	2.7%	3.6%	32.4K	-669.7K	-3.4K	0.00	92.29	40	0	108	222
2020-02-12	$136.57	$125.00	16.0%	4.6%	21.9%	4.8%	0.0%	4.8%	4.2%	37.5K	-717.9K	-3.2K	0.00	93.88	0	0	108	222
2020-02-13	$136.76	$125.00	17.6%	5.0%	21.9%	8.3%	17.4%	12.6%	4.6%	33.9K	-671.9K	-3.5K	0.00	97.11	20	0	108	222
2020-02-14	$136.82	$125.00	16.4%	4.7%	21.8%	5.7%	0.0%	3.5%	3.4%	48.2K	-830.0K	-3.1K	0.00	94.22	0	0	118	222
2020-02-18	$137.88	$125.00	14.2%	4.1%	21.6%	0.9%	15.5%	1.1%	5.2%	55.0K	-946.4K	-2.7K	0.00	103.70	4	0	118	222
2020-02-19	$139.48	$125.00	15.2%	4.4%	21.8%	3.2%	0.0%	2.8%	4.0%	54.7K	-1.1M	-2.5K	0.00	98.03	3	0	120	222
2020-02-20	$138.09	$125.00	16.5%	4.7%	22.2%	6.0%	29.9%	0.1%	4.2%	53.4K	-956.2K	-2.9K	0.00	100.36	4	0	120	223
2020-02-21	$137.12	$125.00	20.8%	6.0%	22.4%	15.2%	0.0%	1.0%	0.6%	35.9K	-816.1K	-3.3K	0.00	105.99	0	1	120	223
2020-02-24	$136.32	$125.00	15.9%	4.6%	22.0%	4.6%	15.1%	5.4%	4.5%	49.4K	-707.7K	-2.8K	0.00	106.55	7	0	105	221
2020-02-25	$133.47	$125.00	26.5%	7.6%	23.5%	27.6%	26.2%	4.1%	-3.2%	23.4K	-422.7K	-3.8K	0.00	103.05	6	0	108	221
2020-02-26	$133.57	$125.00	21.8%	6.2%	23.5%	17.3%	26.0%	4.2%	-3.0%	33.1K	-429.6K	-3.8K	0.00	99.30	0	1	110	221
2020-02-27	$131.30	$125.00	26.4%	7.6%	23.0%	27.2%	28.8%	4.9%	-2.8%	19.1K	-314.3K	-3.6K	4.00	108.80	1	4	110	221
2020-02-28	$124.12	$125.00	32.1%	9.2%	30.8%	39.7%	35.3%	3.6%	-1.9%	-6.1K	142.6K	-3.8K	0.00	108.44	0	22	110	217