LOW Options History — September 2014

In September 2014, LOW traded between $52.61 and $54.15. ATM implied volatility averaged 16.1%, placing in the 14.0% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 3.2% (HV 20d: 12.9%). Max pain ranged from $48.00 to $52.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 0.98.

Notable Days

  • 2014-09-03: Highest Volume — 31,496 contracts
  • 2014-09-08: Largest IV spike — 15.1% change
  • 2014-09-29: Highest IV Rank — 21.7%
  • 2014-09-15: Largest Expected Move — 5.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.38$52.61$54.15$52.61$52.92
Max Pain$49.95$48.00$52.50$48.00$50.00
ATM IV16.1%14.4%17.4%15.0%17.3%
Expected Move5.6%5.4%5.7%5.6%5.7%
HV 20d12.9%9.9%16.7%16.7%12.6%
HV 60d13.7%13.0%14.7%14.5%14.0%
IV Rank14.0%4.5%21.7%7.8%21.0%
IV Percentile11.1%1.2%25.8%3.2%25.4%
Term Structure2.6%0.8%3.5%0.9%3.2%
VWIV19.3%17.6%20.4%18.9%19.3%
Skew 25d2.2%1.7%3.5%2.3%3.5%
Skew 10d5.1%3.1%7.8%7.5%6.8%
Call IV 25d15.5%14.7%16.6%14.8%16.1%
Put IV 25d17.7%16.7%19.6%17.2%19.6%
Bid-Ask Spread %8.346.1111.488.1211.48
Gamma HHI0.230.180.340.230.22
Net GEX5.0M3.0M7.1M5.4M3.0M
Net DEX-225.4M-277.1M-169.4M-212.6M-169.4M
Net VEX-957.5K-990.7K-880.9K-894.4K-970.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.980.203.461.140.72
Total Volume5,044.6191,43031,4963,3442,481
Total OI168,074.429151,748187,194164,599154,926

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-09-02$52.61$48.0015.0%5.6%16.7%7.8%18.9%2.3%0.9%5.4M-212.6M-894.4K1.148.12N/AN/A1,5651,77979,23785,362
2014-09-03$52.91$48.0015.0%5.6%16.2%7.9%18.8%2.1%0.9%5.6M-225.9M-880.9K3.466.75N/AN/A7,06024,43679,27985,517
2014-09-04$53.61$48.0015.4%5.6%16.4%10.3%19.5%2.1%0.8%6.0M-250.0M-962.7K0.447.04N/AN/A7,4173,26684,14786,539
2014-09-05$54.11$50.0014.4%5.4%16.1%4.5%18.8%2.2%2.7%6.9M-277.1M-929.7K0.226.11N/AN/A5,4401,19384,85087,202
2014-09-08$53.54$50.0016.6%5.6%12.4%17.0%19.2%1.9%2.5%7.1M-256.1M-946.0K0.856.19N/AN/A3,9573,38386,56487,316
2014-09-09$53.03$50.0016.7%5.6%13.3%17.5%19.1%2.1%2.4%6.0M-229.4M-988.6K0.767.07N/AN/A2,1321,61586,04189,688
2014-09-10$53.39$52.5016.3%5.7%13.3%15.1%19.6%2.1%2.6%6.3M-243.8M-975.0K1.166.12N/AN/A1,0681,23985,98389,682
2014-09-11$53.08$52.5016.4%5.6%13.6%16.0%20.3%2.3%2.5%5.1M-227.5M-990.7K0.206.70N/AN/A2,59851186,125101,069
2014-09-12$52.97$50.0016.6%5.6%13.4%16.9%19.6%2.1%2.4%5.3M-226.7M-989.2K0.546.82N/AN/A1,47078886,45290,035
2014-09-15$53.13$50.0017.0%5.7%12.8%18.9%19.6%1.7%2.2%6.1M-238.1M-965.0K3.277.25N/AN/A5401,76885,95489,893
2014-09-16$53.70$50.0016.8%5.7%12.9%18.1%17.6%2.1%2.1%5.5M-259.4M-929.6K1.027.09N/AN/A4,3934,46585,90989,769
2014-09-17$53.86$50.0015.4%5.5%11.1%10.4%18.5%1.7%2.6%6.0M-271.5M-975.6K0.3510.89N/AN/A2,01669889,60793,047
2014-09-18$54.15$50.0015.1%5.4%10.0%8.4%20.0%1.8%2.9%6.7M-271.3M-957.0K0.329.68N/AN/A1,67854387,46993,002
2014-09-19$54.09$50.0014.7%5.4%9.9%6.2%18.5%1.9%3.0%4.2M-268.7M-953.1K0.568.41N/AN/A2,7921,56687,50193,022
2014-09-22$53.46$50.0016.2%5.6%10.8%14.7%20.4%1.9%3.1%3.4M-190.1M-960.9K1.719.73N/AN/A1,0501,80072,39479,354
2014-09-23$53.12$50.0016.1%5.6%11.1%14.3%19.9%2.4%3.2%3.2M-179.1M-966.8K0.8010.35N/AN/A94575272,63779,506
2014-09-24$53.63$50.0016.2%5.6%11.5%14.6%20.0%2.7%3.5%3.7M-194.0M-965.4K0.7010.21N/AN/A1,02071173,01579,670
2014-09-25$53.07$50.0016.6%5.6%12.2%16.9%19.0%1.7%3.5%3.2M-177.6M-973.5K1.5410.18N/AN/A7091,08973,39679,956
2014-09-26$53.18$50.0016.5%5.6%12.2%16.4%19.8%2.7%3.4%3.2M-179.2M-971.1K0.4510.43N/AN/A1,77380173,50880,470
2014-09-29$53.35$50.0017.4%5.7%12.2%21.7%18.7%3.1%3.2%3.3M-185.5M-962.4K0.318.55N/AN/A1,09333773,78480,686
2014-09-30$52.92$50.0017.3%5.7%12.6%21.0%19.3%3.5%3.2%3.0M-169.4M-970.4K0.7211.48N/AN/A1,4451,03674,06580,861