LOW Options History — August 2007

In August 2007, LOW traded between $26.33 and $31.06. ATM implied volatility averaged 30.1%, placing in the 67.9% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded below realized volatility by 0.5% (HV 20d: 30.6%). Max pain ranged from $27.50 to $30.00. Net GEX was positive for 9 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 1.43.

Notable Days

  • 2007-08-20: Highest Volume — 65,813 contracts
  • 2007-08-20: Largest IV drop — 24.2% change
  • 2007-08-03: Highest IV Rank — 100.0%
  • 2007-08-16: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.49$26.33$31.06$28.31$31.06
Max Pain$28.15$27.50$30.00$30.00$27.50
ATM IV30.1%22.3%38.7%31.0%28.6%
Expected Move8.9%6.4%11.1%8.9%8.2%
HV 20d30.6%19.8%40.7%19.8%38.6%
HV 60d23.5%20.7%27.9%20.7%27.9%
IV Rank67.9%31.6%100.0%99.5%57.9%
IV Percentile86.3%34.6%100.0%99.3%87.4%
Term Structure-0.5%-5.0%2.6%1.0%1.4%
VWIV30.9%22.4%40.1%27.5%28.9%
Skew 25d5.7%1.2%12.2%7.5%3.7%
Skew 10d10.8%-6.9%22.0%15.8%14.4%
Call IV 25d28.1%20.3%35.2%26.1%26.2%
Put IV 25d33.8%23.4%43.9%33.6%29.9%
Bid-Ask Spread %8.185.0214.607.005.72
Gamma HHI0.190.160.270.160.18
Net GEX390.7K-1.5M3.8M-490.1K3.8M
Net DEX38.1M-162.3M173.7M76.6M-162.3M
Net VEX-2.2M-2.6M-1.9M-1.9M-2.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.430.233.921.450.95
Total Volume22,781.2175,58965,81321,73930,766
Total OI399,409.87320,481467,650320,481467,650

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-08-01$28.31$30.0031.0%8.9%19.8%99.5%27.5%7.5%1.0%-490.1K76.6M-1.9M1.457.00N/AN/A8,86412,875163,934156,547
2007-08-02$28.47$30.0028.5%8.2%20.1%84.2%28.1%3.2%2.4%-454.7K68.1M-2.0M0.476.79N/AN/A4,3042,019168,972162,839
2007-08-03$27.45$30.0031.4%9.0%22.4%100.0%31.5%12.2%1.0%-994.2K110.6M-1.9M2.045.02N/AN/A4,8879,968170,107163,181
2007-08-06$28.04$27.5038.7%10.6%24.3%100.0%35.7%7.3%-2.8%-553.6K80.1M-2.0M1.2810.86N/AN/A14,43118,507172,416168,336
2007-08-07$27.92$30.0032.0%10.1%23.1%72.0%34.5%6.0%-2.3%-4.6K89.7M-2.0M0.6114.60N/AN/A19,42511,867181,776178,789
2007-08-08$28.47$30.0032.0%9.9%24.5%72.3%32.5%6.6%-2.2%-326.0K54.3M-2.1M1.0611.29N/AN/A5,8746,202184,810184,577
2007-08-09$27.43$30.0032.5%10.4%25.4%74.1%37.4%5.6%-2.6%-1.1M107.2M-2.0M1.7111.63N/AN/A6,05010,363187,572186,275
2007-08-10$27.76$27.5032.8%10.7%26.1%75.4%36.8%5.6%-1.8%-837.6K83.0M-2.1M2.2511.57N/AN/A3,4717,816191,659189,858
2007-08-13$27.54$27.5033.0%10.6%25.6%76.1%32.5%7.4%-2.4%-957.2K102.5M-2.0M0.237.10N/AN/A9,5652,180193,175188,959
2007-08-14$26.75$27.5033.4%10.3%27.0%77.9%36.8%6.2%-2.1%-1.3M150.7M-1.9M0.738.59N/AN/A16,64812,195198,044189,094
2007-08-15$26.33$27.5035.2%10.3%27.2%85.4%40.1%8.0%-3.5%-1.5M173.7M-1.9M1.097.36N/AN/A5,8976,442211,136196,909
2007-08-16$26.81$27.5038.6%11.1%28.5%99.3%38.5%8.7%-5.0%-602.6K141.8M-2.0M0.459.72N/AN/A22,48510,044214,214200,098
2007-08-17$26.87$27.5037.3%10.7%28.6%93.9%36.6%8.5%-4.3%-854.6K148.5M-2.0M1.947.48N/AN/A6,24612,122222,795202,306
2007-08-20$28.50$27.5028.2%8.1%36.4%56.4%26.6%7.3%-1.4%-31.1K34.6M-2.1M1.588.95N/AN/A25,51440,299196,589192,646
2007-08-21$28.91$27.5024.3%7.0%36.3%40.3%26.7%9.4%1.6%448.5K5.9M-2.4M1.126.16N/AN/A15,10816,905209,397210,244
2007-08-22$29.82$27.5024.7%7.1%37.7%41.7%25.6%4.4%2.0%2.1M-60.3M-2.4M0.647.22N/AN/A16,94610,785209,134208,876
2007-08-23$29.63$27.5023.5%6.7%37.6%36.8%25.7%3.0%2.6%2.2M-46.1M-2.5M3.655.42N/AN/A5,42919,835214,774213,451
2007-08-24$30.20$27.5022.3%6.4%37.0%31.6%22.4%1.3%2.5%3.1M-96.0M-2.5M2.547.22N/AN/A6,83817,384216,622215,818
2007-08-27$29.62$27.5023.6%6.8%37.7%37.4%24.7%1.2%1.3%1.9M-40.6M-2.5M1.206.36N/AN/A8,78410,567218,249220,542
2007-08-28$28.98$27.5026.0%7.4%38.5%47.0%26.6%1.6%1.7%575.5K18.9M-2.5M3.925.11N/AN/A2,1718,518221,635226,576
2007-08-29$30.15$27.5026.2%7.5%40.7%47.9%26.5%3.5%1.1%2.3M-77.3M-2.6M1.158.73N/AN/A14,76917,014221,698228,184
2007-08-30$30.27$27.5027.9%8.0%40.7%54.8%27.8%2.6%1.4%2.7M-87.3M-2.6M0.818.26N/AN/A3,0842,505228,432237,532
2007-08-31$31.06$27.5028.6%8.2%38.6%57.9%28.9%3.7%1.4%3.8M-162.3M-2.6M0.955.72N/AN/A15,75915,007229,001238,649