LOW Options History — July 2008

In July 2008, LOW traded between $18.28 and $21.20. ATM implied volatility averaged 46.6%, placing in the 77.1% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 4.8% (HV 20d: 41.8%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 7 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.78.

Notable Days

  • 2008-07-23: Highest Volume — 26,303 contracts
  • 2008-07-15: Largest IV spike — 14.4% change
  • 2008-07-15: Highest IV Rank — 100.0%
  • 2008-07-15: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.01$18.28$21.20$20.61$20.32
Max Pain$20.68$20.00$25.00$25.00$20.00
ATM IV46.6%42.9%56.4%43.2%44.6%
Expected Move13.3%12.3%16.2%12.4%12.8%
HV 20d41.8%32.7%50.3%37.2%49.9%
HV 60d35.5%31.2%39.0%33.4%38.7%
IV Rank77.1%65.5%100.0%74.3%65.5%
IV Percentile93.8%85.7%100.0%87.7%86.1%
Term Structure0.1%-5.0%4.1%1.4%4.1%
VWIV46.0%41.2%53.6%42.9%44.5%
Skew 25d5.6%1.3%10.5%4.4%4.3%
Skew 10d14.0%-3.4%26.3%16.3%10.6%
Call IV 25d44.3%36.1%52.9%41.5%43.4%
Put IV 25d49.9%45.4%59.2%45.9%47.7%
Bid-Ask Spread %9.475.3216.107.618.50
Gamma HHI0.240.150.700.260.16
Net GEX-296.2K-4.2M1.0M-392.7K101.6K
Net DEX116.7M47.7M172.5M133.1M83.2M
Net VEX-1.4M-1.5M-1.1M-1.4M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.155.420.380.47
Total Volume10,227.0453,75026,30320,8443,750
Total OI384,774.5339,783427,583394,246350,500

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-07-01$20.61$25.0043.2%12.4%37.2%74.3%42.9%4.4%1.4%-392.7K133.1M-1.4M0.387.61N/AN/A15,1245,720224,032170,214
2008-07-02$20.23$25.0042.9%12.3%37.2%73.6%41.2%2.3%0.4%-191.2K134.3M-1.4M0.389.06N/AN/A3,0901,175233,206170,267
2008-07-03$20.22$25.0042.9%12.3%35.3%73.5%43.2%1.3%0.9%-194.8K138.0M-1.4M0.809.33N/AN/A3,0472,445234,292170,294
2008-07-07$20.09$20.0045.6%12.7%32.7%82.2%46.3%4.5%-0.7%-286.6K142.0M-1.3M1.2216.10N/AN/A4,1135,015236,098171,260
2008-07-08$20.82$20.0044.5%12.8%36.1%78.7%44.2%7.8%-1.4%-34.4K128.7M-1.4M0.567.87N/AN/A2,4051,354238,188174,270
2008-07-09$20.22$20.0045.7%12.7%36.9%82.5%42.0%6.8%-0.6%-348.9K140.6M-1.4M0.3113.57N/AN/A4,0981,260236,355173,203
2008-07-10$19.42$20.0046.5%13.3%38.5%85.0%45.8%4.4%-0.8%-544.8K153.8M-1.3M0.659.62N/AN/A12,0887,862237,202172,968
2008-07-11$18.90$20.0048.8%14.0%37.7%92.0%51.2%5.0%-2.9%-634.1K162.0M-1.2M0.8810.75N/AN/A5,9345,232237,405174,837
2008-07-14$19.00$20.0049.2%14.1%34.0%93.5%50.1%6.8%-1.7%-765.0K162.5M-1.2M0.2710.83N/AN/A15,1864,043233,400175,311
2008-07-15$18.28$20.0056.4%16.2%35.2%100.0%53.6%6.3%-5.0%-602.8K172.5M-1.1M0.269.33N/AN/A19,4515,072238,065177,133
2008-07-16$19.33$20.0048.9%14.0%42.6%78.1%47.1%6.1%-1.4%-304.7K147.7M-1.3M0.3510.68N/AN/A5,6631,956249,158178,425
2008-07-17$20.10$20.0049.5%14.2%45.9%80.0%49.9%8.5%-2.1%-634.4K107.6M-1.4M0.5910.14N/AN/A6,1273,588251,374172,228
2008-07-18$19.93$20.0049.0%14.0%45.0%78.4%47.1%9.8%-2.6%-4.2M116.8M-1.4M5.428.11N/AN/A1,7299,369252,114173,174
2008-07-21$19.75$20.0047.1%13.5%44.1%72.8%45.8%5.6%0.7%351.0K91.3M-1.3M0.336.98N/AN/A4,9681,626190,484149,299
2008-07-22$20.64$20.0046.7%13.4%45.1%71.8%44.4%8.4%1.2%697.2K67.1M-1.5M0.258.78N/AN/A7,1741,774193,197149,761
2008-07-23$21.20$20.0045.9%13.1%46.2%69.2%45.0%10.5%2.1%1.0M47.7M-1.5M0.295.32N/AN/A20,3515,952195,018149,388
2008-07-24$20.39$20.0046.8%13.4%47.8%72.1%44.8%5.3%0.7%195.5K82.5M-1.4M0.159.24N/AN/A6,158926190,612153,028
2008-07-25$19.98$20.0044.7%12.8%46.0%65.8%44.6%5.0%2.4%-6.1K92.6M-1.4M1.1911.87N/AN/A2,3182,766191,579153,306
2008-07-28$19.64$20.0046.5%13.3%46.0%71.0%49.3%1.7%1.7%-151.5K104.6M-1.3M1.8611.41N/AN/A1,7403,231192,213153,912
2008-07-29$20.72$20.0045.9%13.1%50.2%69.3%45.4%4.5%2.2%279.8K76.6M-1.4M0.325.97N/AN/A4,4831,447192,677155,843
2008-07-30$20.51$20.0045.0%12.9%50.3%66.8%44.2%3.8%2.6%149.4K82.9M-1.4M0.237.27N/AN/A3,401784193,291156,458
2008-07-31$20.32$20.0044.6%12.8%49.9%65.5%44.5%4.3%4.1%101.6K83.2M-1.4M0.478.50N/AN/A2,5451,205193,893156,607