LOW Options History — July 2010

In July 2010, LOW traded between $19.93 and $21.80. ATM implied volatility averaged 34.7%, placing in the 54.5% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 4.7% (HV 20d: 30.0%). Max pain ranged from $21.00 to $23.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.59.

Notable Days

  • 2010-07-12: Highest Volume — 47,729 contracts
  • 2010-07-12: Largest IV spike — 12.0% change
  • 2010-07-01: Highest IV Rank — 67.2%
  • 2010-07-01: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.57$19.93$21.80$20.41$20.74
Max Pain$21.29$21.00$23.00$23.00$21.00
ATM IV34.7%30.5%39.0%39.0%34.1%
Expected Move10.2%9.6%11.2%11.2%9.8%
HV 20d30.0%24.9%36.1%27.3%35.7%
HV 60d33.3%32.1%34.8%32.5%34.3%
IV Rank54.5%42.3%67.2%67.2%52.8%
IV Percentile66.8%43.3%86.5%86.5%64.3%
Term Structure-1.4%-3.1%2.7%1.0%-2.2%
VWIV35.4%33.2%38.6%36.3%34.2%
Skew 25d5.0%3.2%7.6%7.5%3.8%
Skew 10d11.0%8.1%16.4%16.3%8.3%
Call IV 25d33.7%31.8%36.9%35.0%33.3%
Put IV 25d38.7%35.9%42.9%42.5%37.1%
Bid-Ask Spread %4.974.087.495.817.49
Gamma HHI0.210.140.370.140.22
Net GEX1.1M-2.1M3.8M-1.0M3.1M
Net DEX58.6M-32.2M115.1M101.2M24.8M
Net VEX-1.1M-1.3M-1.0M-1.1M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.161.730.520.41
Total Volume12,354.1434,71047,7299,7836,969
Total OI351,275.619328,643400,500328,643353,031

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2010-07-01$20.41$23.0039.0%11.2%27.3%67.2%36.3%7.5%1.0%-1.0M101.2M-1.1M0.525.81N/AN/A6,4313,352179,300149,343
2010-07-02$20.27$23.0035.6%10.2%24.9%57.3%35.3%5.8%2.7%-1.0M103.6M-1.1M1.734.57N/AN/A1,8123,141180,738149,607
2010-07-06$19.96$22.0037.5%10.9%25.1%62.8%38.6%7.6%-0.8%-1.1M115.1M-1.0M0.375.21N/AN/A7,9572,934181,268149,793
2010-07-07$20.39$22.0035.9%10.4%27.1%58.2%36.4%7.1%-0.4%-1.1M101.6M-1.0M0.834.83N/AN/A4,7603,934184,905149,484
2010-07-08$20.23$21.0032.5%10.1%27.1%48.1%35.3%6.6%-0.5%-1.2M108.5M-1.0M1.305.28N/AN/A5,1916,773186,255151,899
2010-07-09$20.43$21.0030.5%10.0%25.4%42.3%33.4%6.0%-0.6%-1.0M101.5M-1.0M0.244.53N/AN/A10,2372,435189,715154,382
2010-07-12$20.36$21.0034.1%10.8%25.2%53.0%37.2%3.2%-2.5%-506.1K95.4M-1.1M0.165.15N/AN/A41,3186,411198,540154,361
2010-07-13$21.16$21.0033.1%10.3%30.0%50.0%35.7%4.8%-1.7%1.8M34.5M-1.2M0.334.72N/AN/A17,1445,625229,428157,034
2010-07-14$20.87$21.0031.4%10.5%28.6%45.1%36.6%5.0%-2.1%1.8M50.0M-1.2M0.744.43N/AN/A9,3866,942234,917160,049
2010-07-15$20.88$21.0034.9%10.0%27.2%55.2%35.0%4.7%-1.2%1.9M52.1M-1.2M0.574.95N/AN/A4,5182,561237,014163,486
2010-07-16$20.04$21.0036.5%10.5%29.4%60.0%36.8%5.1%-1.2%-2.1M97.5M-1.1M1.465.80N/AN/A4,4646,520234,953163,922
2010-07-19$19.93$21.0035.0%10.0%29.4%55.6%34.5%4.9%-1.7%1.2M65.9M-1.1M0.174.56N/AN/A9,0471,536189,308139,992
2010-07-20$20.33$21.0034.0%9.7%30.8%52.6%33.3%3.6%-1.7%1.9M49.0M-1.1M0.714.08N/AN/A7,8405,578194,318140,602
2010-07-21$19.98$21.0035.3%10.1%29.3%56.3%35.1%3.6%-1.8%1.6M61.5M-1.1M0.284.42N/AN/A8,1602,283197,307141,253
2010-07-22$20.83$21.0033.7%9.7%33.5%51.9%33.2%4.1%-2.2%2.8M21.1M-1.2M0.174.44N/AN/A7,3671,285199,441142,464
2010-07-23$21.11$21.0033.4%9.6%32.4%50.7%33.6%4.1%-2.0%3.2M5.0M-1.3M0.394.44N/AN/A3,3851,325201,009143,039
2010-07-26$21.80$21.0033.5%9.6%34.4%51.2%36.0%5.1%-2.7%3.8M-32.2M-1.3M0.374.49N/AN/A9,8163,586201,760143,770
2010-07-27$21.15$21.0035.5%10.2%36.1%57.1%35.7%4.7%-3.1%3.3M4.6M-1.3M0.284.80N/AN/A7,7122,135203,385144,738
2010-07-28$20.70$21.0035.8%10.2%35.3%57.7%36.1%4.2%-2.8%2.7M28.7M-1.2M0.635.11N/AN/A5,0573,166204,993145,128
2010-07-29$20.48$21.0036.5%10.5%35.4%59.9%35.6%3.5%-2.5%2.5M40.2M-1.2M0.755.29N/AN/A5,3543,990206,461144,396
2010-07-30$20.74$21.0034.1%9.8%35.7%52.8%34.2%3.8%-2.2%3.1M24.8M-1.2M0.417.49N/AN/A4,9402,029208,535144,496