LOW Options History — February 2007

In February 2007, LOW traded between $32.55 and $34.93. ATM implied volatility averaged 22.4%. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 1.8% (HV 20d: 20.7%). Max pain ranged from $32.50 to $35.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 1.22.

Notable Days

  • 2007-02-23: Highest Volume — 36,150 contracts
  • 2007-02-27: Largest IV spike — 37.2% change
  • 2007-02-13: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.78$32.55$34.93$34.24$32.55
Max Pain$34.34$32.50$35.00$32.50$32.50
ATM IV22.4%16.9%26.9%17.1%25.7%
Expected Move6.7%4.9%7.7%4.9%7.4%
HV 20d20.7%18.5%27.6%20.4%27.6%
Term Structure-1.8%-3.8%3.8%3.8%-2.8%
VWIV22.9%17.0%26.4%17.0%25.4%
Skew 25d2.9%0.9%5.9%3.3%2.6%
Skew 10d5.5%0.1%12.2%5.9%4.2%
Call IV 25d21.7%16.2%24.6%16.5%24.6%
Put IV 25d24.6%19.8%27.7%19.8%27.2%
Bid-Ask Spread %6.993.1412.914.623.90
Gamma HHI0.410.340.480.460.42
Net GEX5.1M3.8M7.4M5.8M3.9M
Net DEX-192.0M-261.0M-104.0M-242.2M-104.0M
Net VEX-1.8M-1.9M-1.5M-1.5M-1.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.143.600.761.02
Total Volume11,447.6841,92036,15030,81322,149
Total OI248,036.737212,255267,341212,255267,341

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-02-01$34.24$32.5017.1%4.9%20.4%0.0%17.0%3.3%3.8%5.8M-242.2M-1.5M0.764.62N/AN/A17,47813,335128,28883,967
2007-02-02$34.15$35.0016.9%6.3%20.5%0.0%21.3%2.6%-1.4%5.2M-230.3M-1.6M0.337.10N/AN/A3,2271,071135,10794,192
2007-02-05$34.11$35.0018.8%6.3%19.7%0.0%22.6%2.3%-1.0%5.2M-224.0M-1.6M3.606.58N/AN/A2,1577,776136,26094,738
2007-02-06$34.12$35.0018.4%6.4%19.6%0.0%23.7%2.6%-1.0%4.7M-216.2M-1.7M2.6512.91N/AN/A1,0872,877136,029104,238
2007-02-07$34.07$35.0019.3%6.5%19.7%0.0%23.4%2.6%-1.8%4.5M-204.8M-1.7M2.7011.73N/AN/A2,6817,245136,405106,432
2007-02-08$33.75$35.0025.0%7.2%19.3%0.0%24.4%3.4%-2.3%4.4M-191.6M-1.7M1.507.15N/AN/A4,8677,301137,164106,673
2007-02-09$33.42$35.0024.7%7.1%18.8%0.0%23.6%2.4%-1.4%4.1M-167.4M-1.8M1.336.94N/AN/A2,5663,404140,081112,526
2007-02-12$33.50$35.0026.6%7.6%18.8%0.0%26.4%3.3%-3.3%4.6M-180.7M-1.8M2.386.63N/AN/A2,8716,824140,930113,828
2007-02-13$33.61$35.0026.9%7.7%18.5%0.0%25.9%3.7%-2.6%3.8M-171.9M-1.8M0.216.45N/AN/A1,590330141,425118,295
2007-02-14$33.44$35.0025.7%7.4%18.5%0.0%25.4%4.1%-2.5%4.2M-175.9M-1.8M0.739.96N/AN/A3,2382,357141,891118,054
2007-02-15$33.88$35.0023.4%6.7%18.6%0.0%23.4%3.4%-2.6%4.9M-200.9M-1.8M0.143.93N/AN/A4,038548143,012118,334
2007-02-16$33.27$35.0024.6%7.0%19.7%0.0%24.3%2.4%-2.2%4.6M-174.6M-1.8M0.6910.40N/AN/A3,3822,332144,929118,383
2007-02-20$33.73$35.0024.6%7.1%20.1%0.0%22.8%4.0%-3.8%5.5M-177.8M-1.8M0.665.37N/AN/A8,2955,461131,760100,604
2007-02-21$33.73$32.5023.8%6.8%20.0%0.0%22.6%3.2%-3.0%6.3M-182.9M-1.8M0.424.43N/AN/A2,6431,101137,315102,766
2007-02-22$33.63$32.5023.5%6.7%20.0%0.0%22.7%1.7%-3.5%6.3M-178.9M-1.8M1.094.70N/AN/A7,3237,975138,350103,191
2007-02-23$34.93$32.5018.1%5.2%23.2%0.0%18.4%1.3%0.3%7.4M-261.0M-1.8M0.903.14N/AN/A19,01917,131141,999108,794
2007-02-26$34.34$35.0018.3%5.2%23.4%0.0%18.6%5.9%0.2%6.6M-216.6M-1.9M0.836.95N/AN/A4,1663,459146,961117,110
2007-02-27$33.26$35.0025.1%7.2%26.5%0.0%24.1%0.9%-2.6%4.9M-146.1M-1.9M1.329.89N/AN/A6,1268,076148,144117,182
2007-02-28$32.55$32.5025.7%7.4%27.6%0.0%25.4%2.6%-2.8%3.9M-104.0M-1.9M1.023.90N/AN/A10,97011,179149,344117,997