LOW Options History — August 2011

In August 2011, LOW traded between $18.11 and $21.09. ATM implied volatility averaged 39.6%, placing in the 57.7% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded below realized volatility by 0.3% (HV 20d: 39.9%). Max pain ranged from $21.00 to $23.00. Net GEX was positive for 4 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.89.

Notable Days

  • 2011-08-03: Highest Volume — 35,019 contracts
  • 2011-08-08: Largest IV spike — 40.5% change
  • 2011-08-04: Highest IV Rank — 100.0%
  • 2011-08-10: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.85$18.11$21.09$21.09$19.93
Max Pain$21.65$21.00$23.00$23.00$21.00
ATM IV39.6%32.2%60.4%33.6%32.2%
Expected Move11.0%9.2%14.0%9.6%9.2%
HV 20d39.9%20.6%48.3%23.6%46.7%
HV 60d31.1%24.0%34.5%24.0%34.5%
IV Rank57.7%31.4%100.0%62.4%31.4%
IV Percentile96.5%88.9%100.0%94.8%88.9%
Term Structure-1.6%-4.8%1.3%-3.4%1.3%
VWIV38.3%33.0%46.9%33.3%33.7%
Skew 25d7.9%4.3%10.3%4.9%8.3%
Skew 10d16.9%8.1%24.9%9.2%19.7%
Call IV 25d35.4%30.0%45.0%31.9%30.0%
Put IV 25d43.3%36.8%54.9%36.8%38.4%
Bid-Ask Spread %8.736.7616.556.808.99
Gamma HHI0.190.120.290.250.12
Net GEX-657.1K-2.1M1.4M-1.8M-268.1K
Net DEX178.1M138.1M236.4M152.7M172.3M
Net VEX-1.4M-1.6M-1.1M-1.4M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.122.470.751.63
Total Volume15,462.4783,73535,0196,3383,735
Total OI509,810.478456,234557,132456,234536,550

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-08-01$21.09$23.0033.6%9.6%23.6%62.4%33.3%4.9%-3.4%-1.8M152.7M-1.4M0.756.80N/AN/A3,6132,725263,118193,116
2011-08-02$20.46$23.0035.7%10.2%25.0%71.9%34.0%4.3%-2.6%-2.0M182.5M-1.3M0.8210.92N/AN/A7,7376,363264,019192,910
2011-08-03$20.42$23.0034.9%10.0%25.0%68.4%35.1%4.5%-2.4%-2.1M187.4M-1.3M0.268.33N/AN/A27,7477,272266,388194,754
2011-08-04$20.22$23.0042.2%12.1%20.8%100.0%42.3%4.7%-4.8%-1.5M177.0M-1.3M0.748.06N/AN/A7,0215,208268,774198,492
2011-08-05$20.15$22.0040.7%11.1%20.6%93.6%37.9%6.6%-1.9%-1.4M176.7M-1.3M1.348.06N/AN/A8,80911,785270,457199,575
2011-08-08$18.67$22.0057.2%13.6%31.8%100.0%46.9%8.4%-4.2%-976.7K213.0M-1.2M1.588.11N/AN/A4,6617,346275,497208,204
2011-08-09$19.17$22.0047.8%12.1%34.2%75.0%44.4%9.1%-2.9%-1.4M217.5M-1.2M0.868.96N/AN/A16,37514,095276,819207,602
2011-08-10$18.11$22.0060.4%14.0%37.7%100.0%46.8%10.2%-4.5%-902.2K236.4M-1.1M0.976.95N/AN/A16,16115,732287,613217,099
2011-08-11$19.09$22.0045.2%13.0%44.2%63.1%44.3%9.4%-3.5%-994.4K210.5M-1.4M0.129.52N/AN/A18,9052,236298,008226,023
2011-08-12$19.51$22.0040.7%11.7%45.6%52.0%42.1%8.6%-1.9%-789.5K190.2M-1.5M0.2116.55N/AN/A25,2625,248308,631226,170
2011-08-15$19.68$22.0035.0%10.0%45.9%38.3%37.0%8.4%-0.3%738.4K187.3M-1.4M1.4110.08N/AN/A11,78516,674321,439228,554
2011-08-16$20.09$21.0035.0%10.0%45.9%38.2%35.7%6.6%-0.3%393.1K168.5M-1.5M1.147.93N/AN/A7,7648,879321,398234,921
2011-08-17$20.10$21.0032.7%9.4%46.0%32.7%33.2%6.7%0.5%1.4M167.0M-1.5M1.497.44N/AN/A2,0613,070322,213233,761
2011-08-18$19.58$21.0039.1%11.2%46.2%48.2%41.5%8.3%-1.1%774.3K181.3M-1.5M2.479.08N/AN/A2,1165,220321,179233,816
2011-08-19$19.31$21.0042.3%12.1%46.2%55.9%41.4%8.7%-2.2%-816.7K196.8M-1.4M1.4010.94N/AN/A1,5562,183321,580235,552
2011-08-22$19.53$21.0038.4%11.0%46.6%46.6%39.0%10.3%-0.5%-740.2K175.8M-1.4M0.497.57N/AN/A3,1121,538278,371220,571
2011-08-23$20.12$21.0036.8%10.5%48.1%42.6%37.7%10.1%-0.2%-718.9K155.9M-1.5M0.348.74N/AN/A4,0891,406279,783220,924
2011-08-24$20.34$21.0036.7%10.5%48.3%42.2%34.9%9.4%-0.2%-624.2K143.3M-1.6M0.778.10N/AN/A4,4233,398281,737221,395
2011-08-25$20.11$21.0039.4%11.3%47.5%48.8%39.0%10.2%-1.2%-604.3K152.1M-1.5M0.447.67N/AN/A11,9645,225282,991223,162
2011-08-26$20.24$21.0037.3%10.7%47.5%43.8%34.9%9.2%-1.2%-315.4K145.5M-1.5M0.316.76N/AN/A7,1912,194290,141225,106
2011-08-29$20.49$21.0035.1%10.1%47.2%38.5%33.0%8.2%-0.3%-121.7K138.1M-1.5M0.667.17N/AN/A8,4285,577294,037225,349
2011-08-30$20.03$21.0033.0%9.4%46.7%33.2%33.5%7.7%0.4%-251.6K168.6M-1.5M0.208.02N/AN/A14,7423,006298,661229,181
2011-08-31$19.93$21.0032.2%9.2%46.7%31.4%33.7%8.3%1.3%-268.1K172.3M-1.4M1.638.99N/AN/A1,4182,317306,441230,109