LOW Options History — July 2009

In July 2009, LOW traded between $18.62 and $22.46. ATM implied volatility averaged 35.6%, placing in the 6.3% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded above realized volatility by 5.0% (HV 20d: 30.6%). Max pain ranged from $17.50 to $19.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.29.

Notable Days

  • 2009-07-14: Highest Volume — 75,667 contracts
  • 2009-07-14: Largest IV drop — 15.5% change
  • 2009-07-08: Highest IV Rank — 11.6%
  • 2009-07-08: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.30$18.62$22.46$19.51$22.46
Max Pain$18.14$17.50$19.00$17.50$18.00
ATM IV35.6%30.1%40.3%30.1%39.1%
Expected Move10.5%8.6%11.9%8.6%11.2%
HV 20d30.6%25.4%32.8%27.3%25.4%
HV 60d37.8%35.3%41.4%41.2%36.8%
IV Rank6.3%0.0%11.6%0.0%10.3%
IV Percentile7.6%0.0%16.3%0.0%15.5%
Term Structure0.3%-3.8%6.2%6.2%-3.0%
VWIV36.4%30.6%41.3%30.6%37.9%
Skew 25d5.6%4.0%7.0%5.1%5.1%
Skew 10d13.7%5.1%20.9%9.4%12.4%
Call IV 25d34.3%29.7%38.6%29.7%35.9%
Put IV 25d39.8%34.8%44.4%34.8%41.0%
Bid-Ask Spread %13.706.5819.816.5814.82
Gamma HHI0.170.100.270.210.10
Net GEX3.4M2.5M4.5M2.6M4.3M
Net DEX-101.4M-204.9M-25.0M-63.4M-204.9M
Net VEX-974.3K-1.1M-885.5K-939.8K-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.290.021.060.280.20
Total Volume11,979.9551,43875,6671,4386,120
Total OI306,968.045261,012341,390319,929302,354

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-07-01$19.51$17.5030.1%8.6%27.3%0.0%30.6%5.1%6.2%2.6M-63.4M-939.8K0.286.58N/AN/A1,123315196,508123,421
2009-07-02$18.62$17.5033.4%9.6%31.5%3.7%31.9%5.7%6.0%2.5M-28.1M-908.1K1.069.84N/AN/A1,7571,871196,431123,354
2009-07-06$18.87$19.0037.6%11.3%32.1%8.6%38.5%6.7%0.3%2.6M-33.3M-893.8K0.2119.12N/AN/A2,680562196,491123,913
2009-07-07$18.63$19.0037.8%11.6%32.1%8.8%41.3%5.1%0.7%2.6M-25.0M-891.7K0.0613.86N/AN/A2,909185197,421123,818
2009-07-08$18.85$19.0040.3%11.9%31.7%11.6%39.5%5.9%0.1%2.6M-32.8M-894.6K0.2015.47N/AN/A5,0761,040196,717123,833
2009-07-09$18.95$19.0036.2%11.3%31.9%7.0%40.2%6.2%1.3%2.9M-38.4M-885.5K0.0811.92N/AN/A12,165927199,669126,127
2009-07-10$18.85$18.0034.9%11.2%31.2%5.4%40.7%7.0%1.0%3.1M-40.0M-897.2K0.0215.16N/AN/A22,828516205,405126,514
2009-07-13$19.26$18.0036.4%10.9%32.4%7.2%36.1%5.4%1.1%3.5M-72.6M-911.8K0.2113.42N/AN/A10,5302,257214,939126,451
2009-07-14$19.57$18.0030.8%10.0%32.8%0.7%36.0%4.3%1.9%3.8M-71.6M-924.3K0.0311.24N/AN/A73,6761,991210,734126,770
2009-07-15$20.03$18.0032.7%10.3%32.0%2.9%34.8%5.7%0.5%4.0M-82.8M-941.1K0.2910.02N/AN/A5,7201,663199,868126,980
2009-07-16$20.10$18.0035.8%10.3%31.9%6.5%35.7%6.1%1.0%4.5M-92.6M-955.1K0.2815.61N/AN/A6,2021,729202,442126,460
2009-07-17$20.42$18.0035.4%10.1%29.3%6.1%35.2%5.6%1.6%3.6M-114.3M-953.2K0.3316.38N/AN/A12,4284,132201,106125,289
2009-07-20$20.75$18.0033.7%9.7%29.1%4.1%32.8%5.7%0.7%3.1M-113.6M-978.2K0.2112.83N/AN/A6,7641,427165,82695,186
2009-07-21$20.56$18.0032.8%9.4%29.2%3.0%34.4%5.7%0.2%3.4M-109.1M-989.5K0.5512.73N/AN/A3,1531,728170,60996,144
2009-07-22$20.75$18.0033.7%9.7%27.9%4.1%32.2%4.0%-0.4%3.4M-118.8M-997.0K0.1512.98N/AN/A5,648864172,58196,583
2009-07-23$21.65$18.0034.6%9.9%30.2%5.1%35.3%4.8%-1.7%3.5M-157.5M-1.0M0.3115.03N/AN/A14,1774,449176,52596,988
2009-07-24$22.00$18.0035.4%10.1%28.4%6.0%33.6%6.4%-0.9%3.8M-177.9M-1.1M0.5510.82N/AN/A8,6104,731184,77899,549
2009-07-27$21.28$18.0038.5%11.0%31.6%9.6%37.5%5.6%-1.6%3.9M-144.9M-1.1M0.3019.81N/AN/A7,0552,084189,210102,498
2009-07-28$21.61$18.0036.7%10.5%31.7%7.5%38.4%5.2%-0.6%4.0M-160.7M-1.1M0.2116.99N/AN/A4,686993190,676103,147
2009-07-29$21.64$18.0038.7%11.1%31.5%9.8%39.5%5.5%-3.2%3.9M-162.7M-1.1M0.7613.11N/AN/A3,0092,286190,493103,337
2009-07-30$22.15$18.0039.5%11.3%32.2%10.7%38.1%5.4%-3.8%3.9M-185.9M-1.1M0.1613.56N/AN/A9,8911,602191,485104,667
2009-07-31$22.46$18.0039.1%11.2%25.4%10.3%37.9%5.1%-3.0%4.3M-204.9M-1.1M0.2014.82N/AN/A5,1091,011197,384104,970