LOW Options History — May 2009

In May 2009, LOW traded between $18.45 and $21.02. ATM implied volatility averaged 46.0%, placing in the 23.4% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 3.4% (HV 20d: 42.6%). Max pain ranged from $17.50 to $21.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.55.

Notable Days

  • 2009-05-07: Highest Volume — 33,876 contracts
  • 2009-05-18: Largest IV drop — 21.7% change
  • 2009-05-15: Highest IV Rank — 32.7%
  • 2009-05-15: Largest Expected Move — 15.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.72$18.45$21.02$20.85$19.01
Max Pain$20.18$17.50$21.00$17.50$20.00
ATM IV46.0%39.7%54.6%44.0%42.3%
Expected Move13.3%11.4%15.7%12.6%12.1%
HV 20d42.6%38.5%46.9%46.9%42.3%
HV 60d52.1%49.0%53.8%53.8%49.0%
IV Rank23.4%16.6%32.7%21.2%19.4%
IV Percentile31.6%15.9%55.2%26.6%17.9%
Term Structure-1.1%-6.0%3.5%3.5%-0.0%
VWIV45.4%39.1%55.5%43.3%41.6%
Skew 25d8.7%5.5%11.2%8.4%5.5%
Skew 10d17.3%7.5%25.9%25.9%7.5%
Call IV 25d42.1%36.4%49.5%42.2%39.6%
Put IV 25d50.8%43.8%60.0%50.6%45.1%
Bid-Ask Spread %11.937.8817.997.8811.36
Gamma HHI0.130.110.170.130.12
Net GEX2.7M1.7M3.6M3.1M1.9M
Net DEX-81.8M-142.7M-26.9M-133.1M-37.3M
Net VEX-1.2M-1.2M-1.1M-1.2M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.061.250.800.28
Total Volume12,596.753,74633,8763,8348,802
Total OI341,041.45314,361365,165314,361355,796

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-05-01$20.85$17.5044.0%12.6%46.9%21.2%43.3%8.4%3.5%3.1M-133.1M-1.2M0.807.88N/AN/A2,1251,709194,745119,616
2009-05-04$21.02$21.0046.9%13.5%46.6%24.3%45.5%10.8%-0.5%3.2M-142.5M-1.2M0.5116.05N/AN/A2,4781,268195,705120,107
2009-05-05$21.02$21.0044.6%13.7%46.5%21.9%45.1%10.3%-2.1%3.2M-142.7M-1.2M0.5715.45N/AN/A3,4601,979196,581121,480
2009-05-06$20.85$21.0045.0%13.3%43.5%22.2%48.4%10.7%-0.7%3.3M-134.9M-1.2M0.7013.27N/AN/A2,4431,712198,140122,955
2009-05-07$20.37$21.0048.8%14.2%42.2%26.3%44.8%10.6%-1.5%3.2M-114.2M-1.2M0.0615.03N/AN/A31,8841,992198,659123,235
2009-05-08$19.80$21.0046.3%13.9%40.5%23.6%49.4%11.2%-2.2%3.6M-117.6M-1.2M0.4611.86N/AN/A16,0807,355220,267124,403
2009-05-11$19.03$21.0053.3%14.7%42.7%31.3%50.4%10.9%-3.5%2.8M-50.6M-1.1M0.437.95N/AN/A10,5174,524211,657127,122
2009-05-12$19.23$20.0053.4%14.6%42.4%31.3%49.9%9.2%-2.9%3.4M-64.4M-1.1M0.5611.48N/AN/A6,1643,434216,297129,339
2009-05-13$18.92$20.0052.6%15.4%42.2%30.4%55.5%10.5%-3.9%2.6M-49.8M-1.1M0.9910.30N/AN/A8,9528,849216,522131,179
2009-05-14$18.87$20.0053.5%15.3%39.9%31.4%54.4%10.1%-3.7%2.3M-48.9M-1.1M0.819.54N/AN/A5,3674,371222,783134,527
2009-05-15$18.45$20.0054.6%15.7%38.5%32.7%53.6%9.4%-6.0%1.7M-26.9M-1.1M1.257.88N/AN/A8,21010,303225,530139,635
2009-05-18$19.94$20.0042.8%12.3%45.1%19.9%43.1%7.8%-0.5%2.6M-87.9M-1.2M0.5111.81N/AN/A14,7217,564199,887130,772
2009-05-19$20.05$20.0040.7%11.7%42.6%17.6%39.4%7.3%0.4%2.9M-92.7M-1.2M0.408.97N/AN/A12,5724,986206,167133,787
2009-05-20$19.72$20.0039.7%11.4%42.3%16.6%39.1%6.5%1.5%2.8M-79.4M-1.2M0.3014.02N/AN/A15,0234,507212,535136,388
2009-05-21$19.30$20.0042.4%12.2%42.1%19.5%40.6%6.8%0.6%2.3M-56.5M-1.2M0.5910.12N/AN/A5,4013,199210,987138,857
2009-05-22$19.37$20.0042.3%12.1%39.8%19.4%40.9%6.3%1.3%2.2M-58.3M-1.2M0.6917.99N/AN/A2,2431,549209,349139,690
2009-05-26$20.04$20.0041.8%12.0%41.9%18.9%39.9%7.2%-0.1%2.7M-91.4M-1.2M0.4211.89N/AN/A6,0972,558209,943140,807
2009-05-27$19.63$20.0041.8%12.0%41.8%18.8%41.3%7.7%-1.0%2.4M-69.9M-1.2M0.3712.63N/AN/A3,9331,451210,556141,664
2009-05-28$19.02$20.0043.3%12.4%42.8%20.5%42.3%6.5%-0.2%1.8M-37.6M-1.1M0.3713.17N/AN/A8,8623,291210,697142,463
2009-05-29$19.01$20.0042.3%12.1%42.3%19.4%41.6%5.5%-0.0%1.9M-37.3M-1.1M0.2811.36N/AN/A6,8841,918212,417143,379