LOW Options History — March 2010

In March 2010, LOW traded between $23.62 and $25.16. ATM implied volatility averaged 20.6%, placing in the 10.7% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 2.8% (HV 20d: 17.8%). Max pain ranged from $22.00 to $23.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 23 of 23 days. Put/call ratio averaged 0.58.

Notable Days

  • 2010-03-19: Highest Volume — 41,265 contracts
  • 2010-03-24: Largest IV spike — 8.1% change
  • 2010-03-17: Highest IV Rank — 14.3%
  • 2010-03-10: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.42$23.62$25.16$23.98$24.24
Max Pain$22.74$22.00$23.00$23.00$23.00
ATM IV20.6%19.2%21.8%21.5%19.5%
Expected Move6.0%5.6%6.4%6.2%5.6%
HV 20d17.8%13.0%24.2%23.8%13.1%
HV 60d19.5%18.8%20.4%20.2%19.1%
IV Rank10.7%6.2%14.3%10.5%8.9%
IV Percentile3.7%0.8%7.1%2.4%2.0%
Term Structure2.6%1.4%3.8%1.4%3.8%
VWIV21.6%19.5%24.8%22.9%19.5%
Skew 25d3.8%3.1%4.9%3.8%3.5%
Skew 10d8.4%6.5%11.2%10.7%6.6%
Call IV 25d19.7%18.2%20.8%20.1%18.2%
Put IV 25d23.6%21.8%25.2%23.9%21.8%
Bid-Ask Spread %5.113.4210.206.683.59
Gamma HHI0.230.180.280.180.27
Net GEX7.6M5.9M8.8M6.2M8.4M
Net DEX-189.4M-279.1M-122.7M-183.1M-122.7M
Net VEX-1.5M-1.7M-1.3M-1.6M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.081.850.551.02
Total Volume10,065.7391,50441,2656,8844,488
Total OI344,468.087303,083386,036344,274325,216

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-03-01$23.98$23.0021.5%6.2%23.8%10.5%22.9%3.8%1.4%6.2M-183.1M-1.6M0.556.68N/AN/A4,4412,443201,464142,810
2010-03-02$23.69$23.0020.8%6.0%24.2%9.2%21.6%4.1%1.7%5.9M-158.5M-1.6M0.976.94N/AN/A4,3254,175201,985143,509
2010-03-03$23.62$23.0020.3%5.8%22.7%8.2%22.3%3.6%1.9%6.0M-156.9M-1.6M0.626.38N/AN/A10,2536,407203,653145,461
2010-03-04$23.79$23.0019.7%5.7%21.0%7.2%20.1%3.9%2.2%6.3M-163.1M-1.6M0.448.12N/AN/A4,7202,087201,777148,042
2010-03-05$24.05$22.0019.3%6.3%18.6%6.2%23.3%4.7%3.1%7.3M-189.1M-1.6M0.514.24N/AN/A4,2392,161203,970145,799
2010-03-08$23.95$22.0020.0%6.4%18.8%7.6%24.1%4.5%2.7%7.2M-181.3M-1.6M0.773.87N/AN/A1,8771,452205,466146,177
2010-03-09$24.01$22.0019.2%6.3%18.8%6.2%20.6%4.9%2.8%7.7M-184.7M-1.6M0.695.52N/AN/A3,1682,178205,617146,178
2010-03-10$24.29$22.0019.3%6.4%18.9%7.8%21.8%4.4%2.7%8.1M-209.2M-1.6M0.2010.20N/AN/A5,8251,172206,141146,477
2010-03-11$24.59$22.0020.7%5.9%18.9%11.2%21.6%4.4%3.6%7.9M-232.0M-1.5M0.385.64N/AN/A9,2163,507206,767146,668
2010-03-12$24.95$22.0021.3%6.1%18.7%12.6%22.3%4.0%2.6%8.3M-262.1M-1.6M0.354.47N/AN/A11,8484,097210,345149,130
2010-03-15$25.04$23.0021.8%6.2%18.6%13.7%22.6%3.7%2.4%8.8M-274.5M-1.6M0.475.03N/AN/A3,7671,770215,734151,369
2010-03-16$25.05$23.0021.7%6.2%17.1%14.0%21.8%3.8%2.2%8.7M-271.9M-1.6M0.265.15N/AN/A4,8761,263215,608152,036
2010-03-17$25.16$23.0021.7%6.2%16.8%14.3%24.8%3.7%2.3%8.6M-279.1M-1.6M1.854.21N/AN/A3,0365,609215,713152,676
2010-03-18$24.90$23.0021.2%6.1%17.6%13.0%21.6%4.0%2.6%8.3M-249.2M-1.6M0.136.10N/AN/A21,2452,688213,923156,171
2010-03-19$24.78$23.0021.1%6.0%17.8%12.7%22.5%4.0%2.5%8.6M-265.3M-1.7M0.123.77N/AN/A36,7704,495230,065155,971
2010-03-22$24.91$23.0020.2%5.8%17.7%10.7%20.5%3.2%2.4%7.0M-160.9M-1.4M0.364.38N/AN/A13,9335,054160,252142,831
2010-03-23$24.83$23.0019.6%5.6%17.0%9.1%20.3%3.1%2.8%7.5M-160.3M-1.4M0.844.11N/AN/A4,0393,385171,750146,896
2010-03-24$24.38$23.0021.2%6.1%14.3%13.0%21.0%3.5%2.5%6.8M-128.0M-1.4M0.563.58N/AN/A5,7583,224166,824148,643
2010-03-25$24.34$23.0021.3%6.1%14.2%13.3%20.7%3.5%2.6%7.0M-124.7M-1.4M0.084.48N/AN/A8,717678171,000149,326
2010-03-26$24.48$23.0021.2%6.1%14.1%13.0%21.0%3.2%2.9%8.0M-143.2M-1.4M0.403.42N/AN/A1,253499174,926149,225
2010-03-29$24.31$23.0021.1%6.1%13.9%12.9%20.8%3.6%2.6%7.9M-127.8M-1.4M1.244.00N/AN/A1,7302,140174,567149,479
2010-03-30$24.34$23.0020.3%5.8%13.0%10.8%19.6%3.2%3.3%8.5M-129.4M-1.4M0.463.61N/AN/A1,027477175,422149,707
2010-03-31$24.24$23.0019.5%5.6%13.1%8.9%19.5%3.5%3.8%8.4M-122.7M-1.3M1.023.59N/AN/A2,2202,268175,588149,628