LOW Options History — October 2008

In October 2008, LOW traded between $16.85 and $23.23. ATM implied volatility averaged 83.8%, placing in the 74.9% IV rank vs the trailing year. The 30-day expected move averaged 22.8%. IV traded above realized volatility by 11.7% (HV 20d: 72.1%). Max pain ranged from $20.00 to $25.00. Net GEX was positive for 6 of 23 trading days. Term structure was in contango for 0 of 23 days. Put/call ratio averaged 1.30.

Notable Days

  • 2008-10-31: Highest Volume — 29,844 contracts
  • 2008-10-06: Largest IV spike — 25.2% change
  • 2008-10-06: Highest IV Rank — 100.0%
  • 2008-10-10: Largest Expected Move — 26.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.47$16.85$23.23$23.23$21.70
Max Pain$21.09$20.00$25.00$25.00$20.00
ATM IV83.8%62.1%117.1%62.1%76.7%
Expected Move22.8%17.8%26.9%17.8%22.0%
HV 20d72.1%62.1%93.0%66.2%93.0%
HV 60d62.0%56.3%72.3%56.3%72.3%
IV Rank74.9%48.8%100.0%80.7%56.5%
IV Percentile97.9%93.3%100.0%99.6%93.3%
Term Structure-7.3%-13.9%-2.1%-2.2%-6.4%
VWIV79.8%61.8%95.1%61.8%83.3%
Skew 25d16.2%5.7%22.9%5.7%22.9%
Skew 10d29.5%-1.6%44.8%-1.6%44.8%
Call IV 25d72.5%58.7%84.8%58.7%69.8%
Put IV 25d88.7%64.4%103.6%64.4%92.8%
Bid-Ask Spread %14.958.5221.7113.4820.91
Gamma HHI0.160.130.240.160.13
Net GEX-94.5K-740.7K981.8K686.9K232.7K
Net DEX102.5M28.8M152.3M28.8M32.6M
Net VEX-1.2M-1.6M-967.2K-1.6M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.300.043.550.040.87
Total Volume11,171.133,92129,84420,57929,844
Total OI368,669.217316,312413,027375,542353,199

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-10-01$23.23$25.0062.1%17.8%66.2%80.7%61.8%5.7%-2.2%686.9K28.8M-1.6M0.0413.48N/AN/A19,703876201,421174,121
2008-10-02$22.43$22.5067.1%19.2%66.2%91.5%71.1%7.0%-2.4%981.8K37.9M-1.6M3.5514.39N/AN/A8623,059210,612174,359
2008-10-03$21.52$22.5066.3%19.0%67.3%89.9%66.3%8.8%-2.1%626.1K71.4M-1.5M1.5311.75N/AN/A1,9532,981211,796174,123
2008-10-06$20.70$22.5083.1%21.4%62.7%100.0%76.1%13.5%-10.3%328.7K92.0M-1.4M2.4314.71N/AN/A3,3828,214211,868174,921
2008-10-07$19.53$22.5080.7%21.4%62.1%96.0%74.1%13.4%-9.8%-93.2K123.4M-1.2M1.4818.83N/AN/A2,4113,572212,754176,079
2008-10-08$19.12$22.5086.4%21.9%62.1%100.0%77.6%13.2%-9.0%-262.8K131.7M-1.2M1.5819.97N/AN/A2,5173,971212,789176,972
2008-10-09$18.25$22.50104.9%25.3%62.9%100.0%85.9%15.4%-12.9%-343.3K135.2M-1.1M1.6521.02N/AN/A5,8139,588213,511177,659
2008-10-10$17.90$22.50117.1%26.9%62.3%100.0%95.1%18.0%-13.9%-351.4K133.3M-1.2M1.6021.71N/AN/A5,2068,322216,161183,423
2008-10-13$20.00$22.5088.2%22.5%76.7%68.8%78.4%16.1%-10.1%-73.1K114.7M-1.3M0.7414.87N/AN/A12,9169,585216,279184,674
2008-10-14$19.17$20.0086.7%21.7%77.5%67.2%76.6%16.0%-8.1%-705.5K141.5M-1.2M0.7017.77N/AN/A5,3083,726221,848188,084
2008-10-15$18.14$20.00102.8%25.0%76.0%84.6%86.9%17.3%-11.1%-740.7K152.3M-1.1M1.5412.95N/AN/A4,3096,656223,649188,034
2008-10-16$18.35$20.0090.6%26.0%71.9%71.5%89.8%17.6%-12.7%-231.7K142.1M-1.1M1.8411.25N/AN/A4,8238,897223,904184,269
2008-10-17$19.31$20.0078.2%22.4%70.9%58.1%79.5%15.8%-5.9%-461.1K130.7M-1.2M0.8613.03N/AN/A4,4603,853225,271187,756
2008-10-20$19.75$20.0070.3%20.1%68.7%49.5%71.6%17.4%-3.4%-244.2K89.8M-1.2M0.5912.45N/AN/A6,5323,881160,627155,685
2008-10-21$19.22$20.0069.7%20.0%69.0%48.8%68.5%16.4%-3.7%-268.5K101.7M-1.1M0.4817.32N/AN/A4,7682,301164,930157,782
2008-10-22$18.36$20.0086.8%24.9%69.9%67.3%80.7%19.2%-8.7%-277.2K108.4M-1.1M0.6812.40N/AN/A5,6383,829165,478157,823
2008-10-23$18.11$20.0087.1%25.0%69.5%67.6%84.6%20.4%-8.4%-216.5K108.2M-1.1M1.3511.48N/AN/A3,0874,159168,172158,439
2008-10-24$17.20$20.0088.4%25.4%69.2%69.1%89.7%17.8%-6.4%-248.2K115.8M-1.0M1.868.52N/AN/A2,3674,410169,626159,402
2008-10-27$16.85$20.0090.0%25.8%67.1%70.8%89.8%18.8%-6.0%-340.1K121.3M-967.2K2.689.09N/AN/A1,8624,986170,030162,611
2008-10-28$19.63$20.0080.1%23.0%88.7%60.1%83.8%20.6%-3.4%-134.7K88.0M-1.2M0.5814.62N/AN/A8,5954,951170,823165,798
2008-10-29$19.36$20.0081.6%23.4%88.6%61.7%81.3%20.6%-5.2%-91.5K85.3M-1.2M0.2415.76N/AN/A6,6431,612175,730168,729
2008-10-30$20.08$20.0082.3%23.6%89.5%62.5%83.2%20.2%-6.1%54.6K71.9M-1.3M1.1115.49N/AN/A4,9775,531178,419169,752
2008-10-31$21.70$20.0076.7%22.0%93.0%56.5%83.3%22.9%-6.4%232.7K32.6M-1.4M0.8720.91N/AN/A15,97313,871179,088174,111