LOW Options History — November 2008

In November 2008, LOW traded between $16.82 and $21.62. ATM implied volatility averaged 82.8%, placing in the 63.0% IV rank vs the trailing year. The 30-day expected move averaged 23.0%. IV traded below realized volatility by 9.9% (HV 20d: 92.7%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 2 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 2.17.

Notable Days

  • 2008-11-14: Highest Volume — 51,519 contracts
  • 2008-11-13: Largest IV drop — 26.3% change
  • 2008-11-12: Highest IV Rank — 81.9%
  • 2008-11-20: Largest Expected Move — 27.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.39$16.82$21.62$20.69$20.66
Max Pain$20.00$20.00$20.00$20.00$20.00
ATM IV82.8%63.1%100.3%85.2%72.5%
Expected Move23.0%18.1%27.9%24.4%20.8%
HV 20d92.7%85.4%104.5%93.6%91.7%
HV 60d75.6%70.8%82.3%70.8%82.0%
IV Rank63.0%41.8%81.9%65.6%51.9%
IV Percentile93.3%84.1%98.8%95.6%86.5%
Term Structure-2.6%-12.2%5.2%-10.0%0.5%
VWIV82.9%64.6%105.4%83.7%73.5%
Skew 25d21.0%16.8%27.2%20.6%22.0%
Skew 10d41.5%33.5%52.0%43.9%41.1%
Call IV 25d71.8%60.8%88.4%71.9%61.5%
Put IV 25d92.8%77.5%113.4%92.5%83.4%
Bid-Ask Spread %13.539.6721.779.7716.09
Gamma HHI0.200.130.350.140.19
Net GEX-502.9K-1.4M212.4K124.3K-389.2K
Net DEX101.7M44.2M161.9M59.2M83.6M
Net VEX-1.2M-1.4M-1.0M-1.3M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.170.5310.021.321.70
Total Volume13,509.6321,18851,5196,3851,188
Total OI381,154.474363,313410,247364,154390,937

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-11-03$20.69$20.0085.2%24.4%93.6%65.6%83.7%20.6%-10.0%124.3K59.2M-1.3M1.329.77N/AN/A2,7553,630186,426177,728
2008-11-04$21.62$20.0072.1%20.7%92.2%51.5%80.8%18.6%-8.2%212.4K44.2M-1.4M4.2111.09N/AN/A1,0844,565185,294178,019
2008-11-05$20.51$20.0080.9%23.2%94.0%61.0%86.7%18.6%-8.4%-62.2K72.7M-1.3M0.8314.29N/AN/A2,1151,747185,501178,552
2008-11-06$19.10$20.0087.6%25.1%96.1%68.2%89.4%19.0%-12.2%-252.4K102.0M-1.2M0.5514.72N/AN/A2,1171,170186,605178,684
2008-11-07$19.66$20.0082.2%20.8%96.2%62.4%69.0%18.3%-1.7%-168.6K90.0M-1.2M0.6414.43N/AN/A1,9951,278186,805178,551
2008-11-10$19.42$20.0083.6%21.2%87.7%63.8%70.4%21.5%-1.1%-227.8K98.7M-1.1M1.0615.11N/AN/A1,4071,491186,939178,698
2008-11-11$19.05$20.0086.1%21.3%86.7%66.6%74.0%20.3%-2.8%-292.5K107.3M-1.1M0.5610.78N/AN/A3,1021,740187,653179,248
2008-11-12$18.35$20.00100.3%24.5%85.4%81.9%79.7%21.8%-2.5%-393.1K118.4M-1.0M3.2913.09N/AN/A2,4528,062187,265179,394
2008-11-13$19.73$20.0073.9%21.2%89.1%53.4%77.3%19.4%-0.7%-86.8K89.6M-1.1M0.7321.77N/AN/A7,8445,694187,621178,403
2008-11-14$18.23$20.0089.8%25.7%91.9%70.5%88.0%20.2%-5.2%-347.6K115.6M-1.1M5.6511.86N/AN/A7,74643,773189,815181,697
2008-11-17$18.99$20.0083.5%23.9%92.8%63.8%88.5%24.3%-4.3%-1.1M117.1M-1.2M1.2110.38N/AN/A12,80315,477192,063208,542
2008-11-18$19.10$20.0080.4%23.1%92.3%60.5%89.4%22.1%-0.9%-1.3M120.3M-1.2M1.659.67N/AN/A4,9908,254193,872214,688
2008-11-19$18.04$20.0094.0%26.9%93.1%75.1%96.8%23.0%-0.3%-1.4M139.8M-1.1M10.0216.69N/AN/A3,00830,144191,528215,965
2008-11-20$16.82$20.0097.3%27.9%96.3%78.6%103.9%25.0%-1.2%-1.1M158.8M-1.0M2.8114.01N/AN/A2,8758,082192,035217,423
2008-11-21$17.15$20.0093.0%26.7%94.9%74.0%105.4%27.2%-0.8%-1.2M161.9M-1.0M2.7717.07N/AN/A3,4679,600191,230219,017
2008-11-24$19.46$20.0074.4%21.3%104.5%54.0%78.3%21.0%3.5%-781.9K106.2M-1.2M0.5313.57N/AN/A12,3246,534175,094205,130
2008-11-25$20.51$20.0072.8%20.9%91.2%52.2%75.2%19.0%1.5%-500.6K83.1M-1.2M0.8811.75N/AN/A8,0697,129179,624206,381
2008-11-26$21.26$20.0063.1%18.1%91.8%41.8%64.6%16.8%5.2%-323.2K62.8M-1.3M0.8610.87N/AN/A9,1497,823181,854207,654
2008-11-28$20.66$20.0072.5%20.8%91.7%51.9%73.5%22.0%0.5%-389.2K83.6M-1.2M1.7016.09N/AN/A440748184,761206,176