LBRDK Options History — May 2020

In May 2020, LBRDK traded between $121.08 and $136.52. ATM implied volatility averaged 33.8%, placing in the 43.4% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 10.4% (HV 20d: 23.4%). Max pain ranged from $115.00 to $125.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.72.

Notable Days

2020-05-14: Highest Volume — 28 contracts
2020-05-13: Largest IV drop — 46.0% change
2020-05-11: Highest IV Rank — 89.1%
2020-05-01: Largest Expected Move — 11.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$126.66	$121.08	$136.52	$125.30	$136.52
Max Pain	$122.75	$115.00	$125.00	$115.00	$125.00
ATM IV	33.8%	17.9%	55.1%	41.0%	17.9%
Expected Move	8.0%	5.1%	11.7%	11.7%	5.1%
HV 20d	23.4%	19.2%	27.3%	27.2%	27.3%
HV 60d	57.8%	57.2%	58.5%	57.4%	57.2%
IV Rank	43.4%	9.1%	89.1%	58.7%	9.1%
IV Percentile	70.3%	17.5%	98.8%	85.7%	17.5%
Term Structure	0.9%	-11.0%	8.0%	-7.5%	7.5%
VWIV	29.2%	24.8%	34.5%	31.6%	25.4%
Skew 25d	6.3%	-0.1%	13.5%	9.1%	4.9%
Skew 10d	3.8%	-13.6%	14.6%	8.7%	-13.6%
Call IV 25d	27.5%	19.0%	44.4%	44.4%	28.4%
Put IV 25d	33.8%	27.7%	53.5%	53.5%	33.3%
Bid-Ask Spread %	105.54	100.83	112.91	108.92	112.63
Gamma HHI	0.30	0.24	0.36	0.27	0.35
Net GEX	-20.1K	-48.3K	-548	-15.7K	-548
Net DEX	4.1K	-345.3K	320.3K	45.3K	-345.3K
Net VEX	-1.8K	-2.6K	-549	-2.1K	-549
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.72	0.00	4.25	0.00	0.00
Total Volume	4.1	0	28	1	0
Total OI	257.85	226	294	226	271

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
2020-05-01	$125.30	$115.00	41.0%	11.7%	27.2%	58.7%	0.0%	9.1%	-7.5%	-15.7K	45.3K	-2.1K	0.00	108.92	1	0	40	186
2020-05-04	$126.53	$120.00	45.4%	9.2%	25.7%	68.2%	31.6%	9.3%	-0.1%	-14.5K	-3.0K	-2.0K	0.08	101.34	12	1	41	186
2020-05-05	$126.26	$120.00	41.9%	9.3%	20.0%	60.8%	0.0%	8.6%	-2.1%	-6.7K	-84.8K	-2.2K	0.00	102.05	0	1	52	187
2020-05-06	$124.37	$120.00	43.5%	8.9%	21.0%	64.1%	0.0%	10.8%	0.7%	-12.4K	116.3K	-2.6K	0.00	104.06	1	0	52	188
2020-05-07	$127.24	$120.00	39.2%	8.4%	21.5%	54.9%	0.0%	10.7%	1.9%	-4.5K	-126.4K	-2.1K	0.00	103.18	0	0	53	188
2020-05-08	$127.17	$120.00	48.3%	7.8%	21.6%	74.6%	29.6%	5.0%	4.8%	-5.5K	-174.3K	-1.8K	0.00	104.90	0	12	53	188
2020-05-11	$126.53	$120.00	55.1%	8.9%	21.9%	89.1%	0.0%	5.7%	-0.7%	-9.9K	-92.8K	-1.9K	0.00	104.47	0	0	53	196
2020-05-12	$124.40	$120.00	51.3%	7.0%	19.2%	81.0%	24.8%	13.5%	4.3%	-8.2K	-34.6K	-1.9K	4.25	100.83	4	17	53	196
2020-05-13	$121.08	$125.00	27.7%	7.9%	20.4%	30.3%	0.0%	4.0%	4.1%	-26.9K	274.6K	-2.3K	0.00	103.68	0	0	57	210
2020-05-14	$122.58	$125.00	34.1%	9.8%	21.0%	44.1%	34.5%	6.7%	-11.0%	-19.1K	194.9K	-2.4K	0.00	101.30	0	28	57	210
2020-05-15	$122.60	$125.00	30.6%	8.8%	20.4%	36.5%	25.4%	3.9%	-2.0%	-48.3K	320.3K	-2.4K	0.00	103.62	1	0	57	237
2020-05-18	$127.44	$125.00	24.3%	7.0%	24.8%	22.8%	0.0%	8.6%	1.7%	-31.0K	28.6K	-1.7K	0.00	107.47	0	0	33	234
2020-05-19	$127.09	$125.00	24.1%	6.9%	24.1%	22.5%	0.0%	3.5%	3.4%	-31.6K	28.4K	-1.7K	0.00	103.81	0	0	33	234
2020-05-20	$125.48	$125.00	22.8%	6.5%	24.6%	19.7%	0.0%	4.3%	8.0%	-36.8K	71.5K	-1.7K	0.00	104.14	0	0	33	234
2020-05-21	$126.74	$125.00	24.6%	7.1%	24.7%	23.5%	0.0%	2.5%	1.7%	-31.5K	33.4K	-1.6K	0.00	105.52	2	0	33	234
2020-05-22	$125.88	$125.00	27.1%	7.8%	24.5%	29.1%	0.0%	4.8%	5.3%	-36.6K	101.2K	-1.8K	0.00	104.14	0	0	35	234
2020-05-26	$126.26	$125.00	25.6%	7.3%	24.1%	25.8%	0.0%	1.4%	-3.0%	-36.0K	87.5K	-1.7K	0.00	111.23	0	0	35	234
2020-05-27	$130.28	$125.00	25.1%	7.2%	26.2%	24.6%	0.0%	8.1%	1.9%	-17.4K	-131.6K	-1.2K	0.00	110.63	0	2	35	234
2020-05-28	$133.47	$125.00	26.6%	7.6%	27.3%	28.0%	0.0%	-0.1%	0.0%	-9.1K	-226.3K	-1.0K	0.00	112.91	0	0	35	236
2020-05-29	$136.52	$125.00	17.9%	5.1%	27.3%	9.1%	0.0%	4.9%	7.5%	-548	-345.3K	-549	0.00	112.63	0	0	35	236