LOW Options History — February 2008

In February 2008, LOW traded between $23.14 and $25.55. ATM implied volatility averaged 42.3%, placing in the 78.1% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded below realized volatility by 5.7% (HV 20d: 48.0%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.73.

Notable Days

  • 2008-02-25: Highest Volume — 66,114 contracts
  • 2008-02-25: Largest IV drop — 25.0% change
  • 2008-02-06: Highest IV Rank — 100.0%
  • 2008-02-06: Largest Expected Move — 14.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.10$23.14$25.55$25.55$23.97
Max Pain$24.88$22.50$25.00$22.50$25.00
ATM IV42.3%31.3%51.1%41.9%33.4%
Expected Move12.2%9.0%14.6%12.0%9.6%
HV 20d48.0%34.7%56.7%55.3%34.8%
HV 60d43.1%40.4%45.0%44.3%41.0%
IV Rank78.1%45.8%100.0%88.6%51.4%
IV Percentile89.7%57.9%100.0%94.8%67.1%
Term Structure-1.9%-5.6%2.2%2.0%2.1%
VWIV42.8%32.5%48.2%42.7%35.0%
Skew 25d7.4%3.5%9.7%8.1%3.9%
Skew 10d15.7%8.7%22.3%19.6%8.7%
Call IV 25d39.8%30.1%45.1%37.7%34.5%
Put IV 25d47.3%35.4%53.5%45.8%38.4%
Bid-Ask Spread %11.286.0120.028.896.01
Gamma HHI0.220.180.280.280.21
Net GEX1.3M236.6K2.0M2.0M881.6K
Net DEX7.0M-65.0M53.9M-65.0M26.6M
Net VEX-1.8M-2.0M-1.6M-1.9M-1.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.162.350.751.38
Total Volume14,279.553,95266,1149,4946,421
Total OI355,904.85328,453392,846342,291387,431

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-02-01$25.55$22.5041.9%12.0%55.3%88.6%42.7%8.1%2.0%2.0M-65.0M-1.9M0.758.89N/AN/A5,4154,079186,870155,421
2008-02-04$24.78$25.0044.2%12.8%55.2%96.1%45.5%9.6%-3.1%1.7M-27.7M-1.8M0.5113.23N/AN/A4,5562,326187,663156,503
2008-02-05$24.09$25.0043.9%12.8%56.7%95.1%46.0%8.3%-1.9%1.4M3.5M-1.8M0.4110.80N/AN/A7,8233,229187,778156,910
2008-02-06$23.67$25.0051.1%14.6%55.9%100.0%45.1%8.5%-5.6%1.3M25.0M-1.7M0.1613.72N/AN/A12,6931,987190,369157,295
2008-02-07$23.98$25.0044.7%13.0%55.9%82.3%47.9%8.6%-2.9%1.8M4.5M-1.8M0.5610.50N/AN/A8,6034,842199,640157,635
2008-02-08$23.61$25.0045.9%14.1%56.5%85.7%45.1%7.2%-4.0%1.3M31.3M-1.7M0.6516.71N/AN/A4,5252,952192,202158,473
2008-02-11$24.27$25.0044.0%13.1%55.9%80.4%47.4%8.6%-4.2%1.7M-952.8K-1.7M0.3518.67N/AN/A5,2931,831191,997157,927
2008-02-12$24.19$25.0042.4%12.9%55.7%76.0%47.3%8.7%-3.5%1.7M1.1M-1.7M0.9620.02N/AN/A2,0191,933192,701158,508
2008-02-13$24.17$25.0046.1%12.5%55.6%86.2%45.4%8.6%-2.5%1.6M4.8M-1.7M0.4913.64N/AN/A2,6511,311192,433159,192
2008-02-14$23.55$25.0047.3%13.5%55.4%89.4%47.7%6.8%-3.1%565.0K33.6M-1.6M0.546.58N/AN/A6,3233,433194,222159,775
2008-02-15$23.33$25.0048.0%13.8%55.6%91.4%48.2%9.7%-4.0%590.7K38.9M-1.6M1.418.66N/AN/A4,7066,627198,551160,507
2008-02-19$23.14$25.0047.1%13.5%55.5%89.0%44.2%7.5%-4.5%236.6K53.9M-1.6M0.519.32N/AN/A6,8353,466176,794151,659
2008-02-20$23.31$25.0045.5%13.1%41.7%84.7%44.4%7.2%-3.5%362.7K49.6M-1.6M0.739.25N/AN/A7,7345,620179,684152,687
2008-02-21$23.23$25.0044.7%12.8%34.7%82.4%44.0%7.1%-2.2%410.9K49.7M-1.6M0.4810.18N/AN/A9,1754,411188,348156,799
2008-02-22$23.59$25.0045.1%12.9%34.7%83.6%44.9%9.5%-2.9%1.0M22.2M-1.7M0.9313.51N/AN/A15,34514,296191,420153,131
2008-02-25$24.50$25.0033.8%9.7%36.4%52.6%36.0%4.8%1.0%1.5M-4.3M-1.8M0.589.23N/AN/A41,82124,293194,009161,547
2008-02-26$24.99$25.0033.6%9.6%35.7%51.9%34.8%7.4%0.6%1.7M-31.4M-1.9M0.407.78N/AN/A19,5247,786212,076180,060
2008-02-27$25.49$25.0031.3%9.0%36.1%45.8%32.5%5.3%2.2%2.0M-59.6M-2.0M0.548.64N/AN/A6,3913,430210,247182,599
2008-02-28$24.68$25.0032.3%9.3%37.3%48.4%33.0%3.5%1.2%1.6M-16.1M-1.9M2.3510.33N/AN/A2,9526,934209,114177,920
2008-02-29$23.97$25.0033.4%9.6%34.8%51.4%35.0%3.9%2.1%881.6K26.6M-1.8M1.386.01N/AN/A2,6933,728209,977177,454