LOW Options History — August 2008

In August 2008, LOW traded between $20.30 and $24.90. ATM implied volatility averaged 39.5%, placing in the 49.7% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded below realized volatility by 11.2% (HV 20d: 50.7%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.65.

Notable Days

  • 2008-08-11: Highest Volume — 39,483 contracts
  • 2008-08-06: Largest IV spike — 13.9% change
  • 2008-08-04: Highest IV Rank — 72.2%
  • 2008-08-04: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.40$20.30$24.90$20.30$24.64
Max Pain$21.31$20.00$22.50$20.00$22.50
ATM IV39.5%32.0%46.9%43.6%32.5%
Expected Move11.4%9.2%14.2%12.5%9.3%
HV 20d50.7%46.1%55.7%49.9%46.5%
HV 60d43.5%38.2%45.6%38.6%45.4%
IV Rank49.7%23.9%72.2%62.5%25.4%
IV Percentile60.9%19.4%94.8%81.3%23.0%
Term Structure1.4%-2.7%4.5%4.1%3.3%
VWIV40.2%33.5%50.0%40.5%35.4%
Skew 25d8.4%5.5%10.3%8.3%5.5%
Skew 10d19.3%3.7%26.9%15.0%3.7%
Call IV 25d37.2%30.1%45.7%39.4%31.9%
Put IV 25d45.6%37.4%53.5%47.8%37.4%
Bid-Ask Spread %8.915.3813.675.389.32
Gamma HHI0.290.160.410.160.41
Net GEX3.0M67.9K5.1M67.9K5.0M
Net DEX-35.2M-95.1M85.8M85.8M-82.1M
Net VEX-1.7M-1.9M-1.4M-1.4M-1.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.172.030.842.03
Total Volume9,835.6672,21739,4832,2172,690
Total OI383,954.429351,299408,228351,299401,437

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-08-01$20.30$20.0043.6%12.5%49.9%62.5%40.5%8.3%4.1%67.9K85.8M-1.4M0.845.38N/AN/A1,2021,015194,727156,572
2008-08-04$20.44$20.0046.9%14.2%49.9%72.2%50.0%7.8%-2.2%100.0K81.9M-1.4M0.7410.59N/AN/A6,1124,520194,819156,831
2008-08-05$21.45$20.0041.1%13.2%51.3%55.4%47.2%7.8%-2.7%862.0K49.0M-1.5M0.545.82N/AN/A3,5531,901199,134160,849
2008-08-06$21.24$20.0046.9%14.0%50.2%72.1%44.4%8.0%-1.9%725.4K56.0M-1.5M0.427.55N/AN/A2,6541,114200,441161,695
2008-08-07$20.94$20.0045.7%14.1%48.0%68.8%45.4%7.2%-2.5%475.4K65.9M-1.5M1.287.03N/AN/A1,0711,370201,367162,086
2008-08-08$22.78$20.0041.4%12.9%54.4%56.0%45.2%7.6%-1.2%1.9M-3.6M-1.6M0.4010.02N/AN/A7,2082,876201,343162,496
2008-08-11$23.81$20.0044.8%11.9%55.7%66.2%41.5%10.3%-0.3%2.3M-47.1M-1.7M0.178.49N/AN/A33,8165,667202,310163,853
2008-08-12$24.06$20.0045.9%11.2%52.5%69.2%39.6%8.6%0.6%3.2M-67.1M-1.8M0.2013.67N/AN/A19,2553,826216,715166,443
2008-08-13$23.08$20.0045.3%13.2%53.5%67.5%44.0%9.5%-0.5%3.5M-30.3M-1.7M0.3510.69N/AN/A8,5222,965229,956168,208
2008-08-14$23.81$20.0041.7%12.0%53.0%57.2%43.2%8.6%-0.1%3.7M-64.9M-1.8M0.6710.39N/AN/A9,7546,506229,827169,497
2008-08-15$24.50$22.5040.6%11.7%53.1%54.0%42.3%10.3%0.1%4.2M-94.0M-1.9M0.427.28N/AN/A14,6446,221234,263173,965
2008-08-18$24.54$22.5037.5%10.7%52.7%44.6%38.3%9.1%1.7%3.8M-84.7M-1.9M0.5010.26N/AN/A13,9127,013224,165163,083
2008-08-19$23.85$22.5036.7%10.5%52.9%42.4%38.9%8.0%3.5%3.5M-47.9M-1.8M0.3510.50N/AN/A3,8871,361229,594164,350
2008-08-20$24.30$22.5036.3%10.4%52.6%41.3%40.8%7.4%2.0%3.9M-68.5M-1.8M0.7911.39N/AN/A4,8983,893227,557164,662
2008-08-21$24.57$22.5034.8%10.0%49.7%36.8%35.3%8.6%4.4%4.2M-81.2M-1.9M0.6910.81N/AN/A2,7221,866227,847165,882
2008-08-22$24.86$22.5033.8%9.7%48.5%34.0%33.5%7.5%4.0%4.5M-95.1M-1.9M0.557.55N/AN/A2,2801,264228,921166,914
2008-08-25$24.14$22.5034.6%9.9%49.6%36.4%36.2%7.6%4.1%4.0M-60.6M-1.8M0.429.21N/AN/A2,290951229,868167,291
2008-08-26$24.56$22.5033.7%9.7%47.0%30.7%34.9%10.0%4.1%4.4M-76.1M-1.8M0.528.22N/AN/A1,839964229,776167,345
2008-08-27$24.60$22.5032.9%9.4%46.6%26.9%33.7%8.4%4.3%4.5M-79.5M-1.8M0.346.32N/AN/A2,586883230,166167,550
2008-08-28$24.90$22.5032.0%9.2%46.1%23.9%33.5%9.4%4.5%5.1M-94.1M-1.8M1.326.51N/AN/A2,3583,120231,487167,751
2008-08-29$24.64$22.5032.5%9.3%46.5%25.4%35.4%5.5%3.3%5.0M-82.1M-1.8M2.039.32N/AN/A8881,802231,557169,880