LOW Options History — February 2014

In February 2014, LOW traded between $44.90 and $50.82. ATM implied volatility averaged 25.3%, placing in the 25.8% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 4.5% (HV 20d: 20.9%). Max pain ranged from $35.00 to $38.00. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.96.

Notable Days

  • 2014-02-25: Highest Volume — 47,674 contracts
  • 2014-02-13: Largest IV spike — 28.7% change
  • 2014-02-25: Highest IV Rank — 49.2%
  • 2014-02-03: Largest Expected Move — 7.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.17$44.90$50.82$45.60$50.03
Max Pain$35.16$35.00$38.00$35.00$38.00
ATM IV25.3%20.0%31.1%31.1%20.0%
Expected Move7.4%7.0%7.7%7.7%7.0%
HV 20d20.9%18.4%26.6%18.4%25.9%
HV 60d21.5%18.2%23.6%23.0%21.5%
IV Rank25.8%9.6%49.2%35.9%23.8%
IV Percentile75.6%24.6%95.2%94.4%24.6%
Term Structure-0.4%-3.9%4.7%3.8%0.0%
VWIV26.9%23.2%32.1%32.1%24.8%
Skew 25d2.4%1.9%2.7%2.0%2.1%
Skew 10d4.9%4.1%5.7%5.4%5.2%
Call IV 25d24.3%19.5%27.6%24.3%19.5%
Put IV 25d26.7%21.6%29.9%26.3%21.6%
Bid-Ask Spread %5.833.7512.317.434.58
Gamma HHI0.120.090.330.090.19
Net GEX1.3M-8.1M12.4M-741.8K10.4M
Net DEX-99.7M-321.8M25.4M-12.3M-275.9M
Net VEX-1.1M-1.2M-971.4K-1.2M-1.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.273.370.970.32
Total Volume10,364.5262,18747,67412,6419,311
Total OI183,100.368164,819201,507168,586201,507

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-02-03$45.60$35.0031.1%7.7%18.4%35.9%32.1%2.0%3.8%-741.8K-12.3M-1.2M0.977.43N/AN/A6,4096,23290,63577,951
2014-02-04$44.90$35.0028.6%7.7%18.5%29.8%25.9%2.2%4.1%-1.9M25.4M-1.2M0.2710.88N/AN/A11,4213,04693,36182,270
2014-02-05$45.53$35.0029.8%7.7%19.5%32.7%0.0%2.1%4.4%-926.4K-8.0M-1.2M0.6812.31N/AN/A2,7711,87195,25683,306
2014-02-06$46.58$35.0024.8%7.6%21.4%20.8%31.3%2.1%4.7%188.7K-61.0M-1.2M1.115.93N/AN/A2,6952,99295,83083,623
2014-02-07$46.07$35.0022.6%7.6%21.5%15.8%28.5%2.6%-1.3%1.6M-27.1M-1.2M0.436.83N/AN/A6,1642,64995,96485,071
2014-02-10$46.12$35.0025.4%7.5%20.0%22.3%26.4%2.5%-1.5%-854.7K-37.4M-1.2M0.924.52N/AN/A1,7831,63897,99183,833
2014-02-11$46.76$35.0024.4%7.4%19.9%19.9%25.5%2.5%-1.3%568.6K-71.4M-1.2M1.076.27N/AN/A1,6941,80598,94684,366
2014-02-12$46.68$35.0020.0%7.4%19.7%9.6%28.8%2.5%-1.4%-131.3K-68.1M-1.2M0.853.82N/AN/A1,4591,24299,58184,819
2014-02-13$46.64$35.0025.8%7.4%19.3%23.2%26.2%2.6%-1.5%106.6K-67.5M-1.2M1.314.09N/AN/A9481,23999,57585,150
2014-02-14$47.28$35.0025.6%7.3%20.1%22.9%28.3%2.7%-1.7%1.3M-107.4M-1.2M0.384.15N/AN/A3,5451,35999,87085,507
2014-02-18$46.93$35.0026.4%7.3%19.8%24.8%26.7%2.7%-2.1%-816.1K-82.2M-1.1M0.594.84N/AN/A1,9061,11898,87985,051
2014-02-19$46.54$35.0026.5%7.3%19.9%25.0%28.5%2.7%-2.2%-3.2M-57.8M-1.1M2.304.57N/AN/A1,0072,31799,17085,413
2014-02-20$46.66$35.0026.6%7.3%19.9%25.2%27.8%2.7%-2.1%-3.8M-64.8M-1.1M1.344.51N/AN/A3,0254,05296,98084,865
2014-02-21$47.06$35.0026.4%7.3%20.0%24.6%25.3%2.6%-2.1%-8.1M-89.3M-1.1M3.373.75N/AN/A3,33711,23698,12387,970
2014-02-24$47.22$35.0027.3%7.2%19.9%26.8%25.0%2.6%-3.1%3.0M-105.5M-1.1M0.584.18N/AN/A11,3176,51886,88777,932
2014-02-25$48.11$35.0028.4%7.2%21.0%49.2%23.2%2.3%-3.9%5.0M-146.7M-1.1M0.518.03N/AN/A31,52016,15491,65981,821
2014-02-26$50.72$35.0020.8%7.0%26.6%28.9%26.4%1.9%0.0%11.6M-316.1M-1.0M0.286.14N/AN/A21,0385,991107,03291,925
2014-02-27$50.82$35.0020.8%7.0%24.9%28.7%23.9%2.3%-0.1%12.4M-321.8M-971.4K0.893.87N/AN/A2,1731,944106,94493,844
2014-02-28$50.03$38.0020.0%7.0%25.9%23.8%24.8%2.1%0.0%10.4M-275.9M-1.0M0.324.58N/AN/A7,0602,251106,81994,688