LOW Options History — March 2009

In March 2009, LOW traded between $13.39 and $19.12. ATM implied volatility averaged 55.6%, placing in the 33.7% IV rank vs the trailing year. The 30-day expected move averaged 16.0%. IV traded below realized volatility by 4.0% (HV 20d: 59.6%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.80.

Notable Days

  • 2009-03-19: Highest Volume — 30,621 contracts
  • 2009-03-10: Largest IV drop — 15.8% change
  • 2009-03-09: Highest IV Rank — 47.7%
  • 2009-03-09: Largest Expected Move — 19.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.25$13.39$19.12$14.70$18.25
Max Pain$17.95$17.50$20.00$17.50$17.50
ATM IV55.6%46.3%68.6%61.4%55.9%
Expected Move16.0%13.3%19.6%17.6%16.0%
HV 20d59.6%51.8%67.3%53.3%53.9%
HV 60d52.1%48.9%55.5%51.7%54.4%
IV Rank33.7%23.6%47.7%39.9%34.0%
IV Percentile59.4%42.5%81.0%72.6%56.0%
Term Structure0.3%-6.1%3.4%-2.5%-0.2%
VWIV56.1%50.0%66.1%62.3%55.2%
Skew 25d10.2%1.0%14.4%10.6%10.6%
Skew 10d21.4%-8.8%37.6%10.6%19.7%
Call IV 25d51.3%45.0%64.2%57.1%48.0%
Put IV 25d61.5%54.1%70.7%67.7%58.6%
Bid-Ask Spread %8.334.6213.476.369.64
Gamma HHI0.360.240.520.400.31
Net GEX684.5K-512.2K2.4M-342.7K2.1M
Net DEX21.6M-81.2M86.1M72.7M-46.6M
Net VEX-683.1K-1.0M-415.2K-521.4K-977.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.092.051.300.34
Total Volume13,2512,52630,6214,2086,638
Total OI283,018.773248,307322,369248,307322,369

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-03-02$14.70$17.5061.4%17.6%53.3%39.9%62.3%10.6%-2.5%-342.7K72.7M-521.4K1.306.36N/AN/A1,8262,382132,433115,874
2009-03-03$14.14$17.5063.7%18.3%53.8%42.4%66.1%3.0%-6.1%-437.2K79.2M-482.7K1.636.01N/AN/A1,6772,730133,102115,964
2009-03-04$14.16$17.5059.0%16.9%51.8%37.3%60.9%1.0%-3.3%-447.9K79.6M-469.2K0.877.17N/AN/A1,8611,625133,634115,300
2009-03-05$13.42$17.5063.9%18.3%53.5%42.6%61.3%3.4%1.1%-467.0K86.1M-426.2K0.406.82N/AN/A8,3353,314133,981115,376
2009-03-06$13.39$20.0061.0%18.2%51.8%39.5%56.6%13.7%-0.9%-512.2K85.8M-415.2K1.478.10N/AN/A1,0231,503136,858116,848
2009-03-09$13.68$20.0068.6%19.6%51.8%47.7%65.6%14.4%-3.6%-500.6K79.9M-455.0K1.6310.70N/AN/A6,76911,033137,305115,571
2009-03-10$14.63$20.0057.8%16.3%59.8%36.1%56.9%14.1%0.4%-424.7K69.2M-508.1K0.7510.58N/AN/A5,2683,939139,725118,761
2009-03-11$15.10$20.0057.7%16.6%60.6%35.9%58.3%12.0%-0.2%-245.1K61.7M-529.0K0.849.47N/AN/A14,22411,886141,110118,576
2009-03-12$15.61$17.5056.7%16.3%62.3%34.9%56.7%12.6%-0.3%-48.8K52.2M-593.5K0.817.08N/AN/A6,9165,587151,366127,535
2009-03-13$15.89$17.5058.4%16.7%62.5%36.7%55.1%12.9%-1.2%80.4K47.0M-607.6K0.544.62N/AN/A6,9633,773154,971130,045
2009-03-16$15.46$17.5056.8%16.3%61.8%35.0%55.6%11.8%0.2%-174.4K54.9M-578.2K0.947.21N/AN/A2,4892,346156,255131,572
2009-03-17$16.42$17.5050.1%14.4%64.7%27.8%55.3%11.8%2.6%431.3K35.4M-638.4K0.345.98N/AN/A9,8213,303157,010131,358
2009-03-18$17.19$17.5050.7%14.5%66.8%28.4%51.4%10.2%2.8%1.1M8.2M-712.5K0.3611.58N/AN/A16,8286,071163,723131,095
2009-03-19$17.61$17.5049.0%14.1%67.3%26.6%51.0%11.5%2.5%1.8M-9.7M-757.1K0.5710.94N/AN/A19,49611,125168,826135,070
2009-03-20$17.03$17.5050.8%14.6%63.5%28.5%51.9%13.4%3.4%1.5M6.1M-750.5K0.158.87N/AN/A20,6753,202176,856142,653
2009-03-23$18.06$17.5050.5%14.5%63.1%28.2%53.1%11.4%1.6%1.4M-18.0M-809.1K0.567.82N/AN/A10,9176,081159,630121,371
2009-03-24$17.85$17.5050.8%14.6%62.8%28.5%50.2%7.5%2.9%1.5M-15.9M-820.8K0.376.13N/AN/A21,8628,145163,488121,182
2009-03-25$18.46$17.5053.4%15.3%62.9%31.3%50.0%9.8%0.6%1.9M-46.2M-934.9K0.099.17N/AN/A22,7742,028180,647124,247
2009-03-26$19.12$17.5046.3%13.3%62.9%23.6%52.1%8.8%2.8%2.4M-81.2M-1.0M0.315.11N/AN/A5,9131,804191,012124,911
2009-03-27$18.81$17.5049.3%14.1%63.4%27.0%53.1%9.8%1.9%2.3M-69.5M-1.0M1.2410.54N/AN/A1,3361,661192,922126,116
2009-03-30$18.45$17.5051.2%14.7%56.4%28.9%55.5%11.1%2.7%2.2M-55.0M-989.0K2.0513.47N/AN/A1,4322,941193,306126,459
2009-03-31$18.25$17.5055.9%16.0%53.9%34.0%55.2%10.6%-0.2%2.1M-46.6M-977.5K0.349.64N/AN/A4,9641,674193,882128,487