LOW Options History — October 2013

In October 2013, LOW traded between $46.53 and $50.61. ATM implied volatility averaged 22.3%, placing in the 12.1% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 0.6% (HV 20d: 21.7%). Max pain ranged from $30.00 to $45.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 23 of 23 days. Put/call ratio averaged 1.04.

Notable Days

2013-10-11: Highest Volume — 52,130 contracts
2013-10-31: Largest IV drop — 19.5% change
2013-10-08: Highest IV Rank — 26.1%
2013-10-08: Largest Expected Move — 8.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$48.67	$46.53	$50.61	$48.19	$49.78
Max Pain	$39.13	$30.00	$45.00	$45.00	$30.00
ATM IV	22.3%	19.5%	28.0%	21.7%	20.8%
Expected Move	7.9%	7.8%	8.1%	8.0%	7.8%
HV 20d	21.7%	19.7%	23.4%	19.8%	23.2%
HV 60d	23.5%	22.1%	24.5%	22.2%	24.3%
IV Rank	12.1%	5.3%	26.1%	10.7%	8.4%
IV Percentile	43.7%	7.5%	88.1%	40.9%	27.8%
Term Structure	2.1%	0.6%	3.6%	1.1%	3.6%
VWIV	29.3%	24.3%	34.9%	28.3%	27.7%
Skew 25d	3.5%	1.1%	7.3%	3.9%	1.1%
Skew 10d	9.4%	5.5%	15.3%	14.2%	6.2%
Call IV 25d	20.6%	15.0%	24.4%	20.0%	20.9%
Put IV 25d	24.1%	21.1%	28.7%	23.8%	22.0%
Bid-Ask Spread %	5.18	2.74	14.97	3.31	2.77
Gamma HHI	0.16	0.11	0.23	0.12	0.22
Net GEX	10.3M	7.4M	15.1M	10.8M	7.7M
Net DEX	-476.6M	-637.7M	-295.9M	-529.5M	-383.4M
Net VEX	-1.5M	-1.6M	-1.3M	-1.6M	-1.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.04	0.28	3.82	0.64	0.94
Total Volume	11,162.565	3,534	52,130	3,534	4,870
Total OI	307,891.391	227,288	370,959	332,661	267,028

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2013-10-01	$48.19	$45.00	21.7%	8.0%	19.8%	10.7%	28.3%	3.9%	1.1%	10.8M	-529.5M	-1.6M	0.64	3.31	N/A	N/A	2,157	1,377	176,497	156,164
2013-10-02	$48.41	$45.00	21.6%	8.0%	19.7%	10.3%	27.8%	4.1%	1.0%	11.2M	-572.0M	-1.5M	0.77	3.24	N/A	N/A	3,364	2,576	177,189	156,279
2013-10-03	$47.93	$45.00	21.7%	8.0%	20.2%	10.7%	31.9%	4.0%	1.3%	11.0M	-529.9M	-1.6M	0.81	8.75	N/A	N/A	3,759	3,058	178,332	157,880
2013-10-04	$48.14	$45.00	20.8%	8.1%	20.0%	8.4%	29.9%	3.8%	1.6%	10.6M	-549.9M	-1.5M	0.68	7.62	N/A	N/A	2,737	1,867	179,291	159,352
2013-10-07	$47.26	$45.00	23.9%	8.0%	19.9%	16.0%	30.4%	4.2%	1.0%	10.0M	-456.0M	-1.6M	0.83	7.80	N/A	N/A	2,280	1,893	178,908	159,214
2013-10-08	$46.53	$45.00	28.0%	8.1%	20.3%	26.1%	34.9%	4.5%	0.7%	9.1M	-404.5M	-1.6M	2.05	3.81	N/A	N/A	5,078	10,416	179,327	159,932
2013-10-09	$46.60	$45.00	24.2%	8.1%	20.2%	16.7%	32.9%	4.3%	0.6%	7.6M	-386.0M	-1.6M	0.80	14.97	N/A	N/A	5,526	4,416	180,011	163,084
2013-10-10	$47.82	$45.00	23.6%	8.1%	22.1%	15.2%	29.5%	4.1%	1.4%	9.3M	-508.2M	-1.6M	0.77	3.79	N/A	N/A	2,347	1,796	182,655	166,906
2013-10-11	$48.80	$45.00	22.0%	7.9%	23.1%	11.4%	31.4%	3.7%	1.9%	12.9M	-629.7M	-1.4M	1.07	11.28	N/A	N/A	25,201	26,929	183,113	168,111
2013-10-14	$48.88	$45.00	22.6%	7.9%	23.1%	12.8%	29.7%	3.3%	1.7%	13.6M	-635.7M	-1.5M	1.16	3.90	N/A	N/A	2,329	2,702	191,808	176,289
2013-10-15	$48.45	$45.00	23.8%	8.0%	23.4%	15.7%	29.7%	3.6%	1.0%	12.8M	-581.7M	-1.6M	1.21	9.04	N/A	N/A	2,005	2,420	192,384	177,343
2013-10-16	$48.47	$45.00	22.5%	8.0%	22.5%	12.7%	30.8%	3.8%	1.6%	13.1M	-580.0M	-1.6M	1.14	4.28	N/A	N/A	2,622	3,002	192,597	178,036
2013-10-17	$49.02	$45.00	20.4%	7.8%	20.9%	7.4%	28.1%	5.6%	2.7%	15.1M	-637.7M	-1.5M	0.85	3.42	N/A	N/A	2,967	2,510	191,450	178,540
2013-10-18	$47.66	$45.00	20.9%	7.9%	21.7%	8.7%	32.7%	3.9%	2.7%	7.4M	-545.3M	-1.5M	0.48	6.65	N/A	N/A	23,629	11,226	191,450	179,509
2013-10-21	$48.02	$30.00	20.7%	7.9%	21.3%	8.1%	27.9%	3.7%	3.1%	9.8M	-295.9M	-1.5M	0.73	3.34	N/A	N/A	4,307	3,146	124,201	114,448
2013-10-22	$48.19	$30.00	20.7%	7.9%	20.6%	8.2%	28.7%	3.5%	3.0%	8.8M	-308.9M	-1.5M	0.48	3.41	N/A	N/A	3,709	1,770	126,164	116,190
2013-10-23	$49.25	$30.00	20.9%	7.8%	21.6%	8.6%	29.8%	1.9%	2.9%	9.5M	-364.7M	-1.5M	0.28	2.98	N/A	N/A	8,786	2,421	128,508	117,097
2013-10-24	$50.44	$30.00	19.8%	7.8%	22.9%	6.0%	27.3%	1.5%	3.5%	9.2M	-422.2M	-1.3M	0.31	2.96	N/A	N/A	8,376	2,612	124,180	103,108
2013-10-25	$50.59	$30.00	19.5%	7.9%	22.8%	5.3%	24.3%	1.6%	3.5%	10.0M	-427.2M	-1.3M	0.42	2.77	N/A	N/A	4,033	1,706	124,697	104,543
2013-10-28	$50.11	$30.00	23.1%	7.8%	23.1%	13.9%	27.0%	1.8%	3.1%	9.3M	-386.6M	-1.4M	1.05	2.74	N/A	N/A	3,044	3,197	124,026	104,707
2013-10-29	$50.61	$30.00	23.6%	7.8%	23.0%	15.3%	27.5%	1.6%	2.9%	9.5M	-413.2M	-1.4M	2.73	3.23	N/A	N/A	8,489	23,166	125,932	105,215
2013-10-30	$50.15	$30.00	25.9%	7.8%	23.4%	20.8%	25.3%	7.3%	3.2%	9.6M	-413.9M	-1.4M	3.82	3.04	N/A	N/A	2,264	8,654	132,296	127,511
2013-10-31	$49.78	$30.00	20.8%	7.8%	23.2%	8.4%	27.7%	1.1%	3.6%	7.7M	-383.4M	-1.4M	0.94	2.77	N/A	N/A	2,504	2,366	131,730	135,298