LOW Options History — December 2014

In December 2014, LOW traded between $63.24 and $68.80. ATM implied volatility averaged 19.4%, placing in the 25.8% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 2.5% (HV 20d: 21.9%). Max pain ranged from $55.00 to $67.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 2.05.

Notable Days

  • 2014-12-23: Highest Volume — 19,860 contracts
  • 2014-12-08: Largest IV spike — 27.3% change
  • 2014-12-10: Highest IV Rank — 47.9%
  • 2014-12-16: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$66.11$63.24$68.80$63.24$68.80
Max Pain$58.57$55.00$67.50$55.00$67.50
ATM IV19.4%16.6%24.3%18.2%17.5%
Expected Move5.8%5.2%6.8%5.6%5.2%
HV 20d21.9%16.8%27.6%24.1%16.8%
HV 60d20.4%19.6%21.0%20.0%20.8%
IV Rank25.8%13.5%47.9%20.6%17.2%
IV Percentile51.1%19.8%84.9%41.7%34.1%
Term Structure1.0%-0.2%3.2%0.1%1.0%
VWIV21.3%18.3%25.2%20.0%18.6%
Skew 25d2.6%1.3%3.5%1.6%3.1%
Skew 10d6.4%4.3%9.7%4.3%7.0%
Call IV 25d18.2%16.3%21.8%17.7%17.2%
Put IV 25d20.7%18.5%25.2%19.3%20.3%
Bid-Ask Spread %15.998.7522.0116.098.75
Gamma HHI0.270.210.310.300.22
Net GEX8.0M4.9M10.3M9.1M5.3M
Net DEX-493.2M-570.7M-428.4M-428.4M-490.7M
Net VEX-772.5K-922.2K-645.2K-830.5K-656.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.050.1310.020.421.06
Total Volume11,439.5912,53019,8609,0448,444
Total OI187,371.409164,709205,082184,721168,942

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-12-01$63.24$55.0018.2%5.6%24.1%20.6%20.0%1.6%0.1%9.1M-428.4M-830.5K0.4216.09N/AN/A6,3812,66394,45990,262
2014-12-02$63.97$55.0017.2%5.5%24.2%16.0%20.9%2.0%0.5%8.9M-455.4M-829.6K0.7916.44N/AN/A3,7742,96794,79490,564
2014-12-03$64.33$55.0017.3%5.5%24.0%16.6%20.7%1.3%0.0%8.6M-466.2M-820.1K0.6215.66N/AN/A4,7902,97194,89691,410
2014-12-04$64.55$55.0017.4%5.6%23.6%17.0%21.0%1.3%0.1%9.1M-473.2M-820.9K0.5513.68N/AN/A3,9092,14295,44192,074
2014-12-05$64.74$55.0016.6%5.6%23.6%13.5%22.0%2.4%2.1%9.6M-487.1M-803.1K0.5014.85N/AN/A5,2762,66098,18393,823
2014-12-08$66.08$55.0021.2%5.9%24.0%33.8%21.8%2.0%1.2%8.1M-528.0M-745.2K0.3016.06N/AN/A12,2063,60498,19994,210
2014-12-09$65.83$55.0022.3%5.9%24.3%38.9%21.0%2.4%1.1%10.2M-531.3M-799.3K2.3014.99N/AN/A5,42812,466102,54094,936
2014-12-10$65.14$55.0024.3%6.3%25.0%47.9%23.3%2.5%0.9%10.0M-506.1M-822.9K1.0317.36N/AN/A7,5457,766102,61394,953
2014-12-11$65.64$55.0021.5%6.3%25.0%35.3%22.6%2.4%0.4%9.6M-526.9M-815.4K0.7419.58N/AN/A9,7147,210104,06297,484
2014-12-12$64.88$55.0021.8%6.6%25.8%36.6%24.3%2.9%1.2%10.1M-485.6M-884.1K0.8422.01N/AN/A5,2124,400105,66298,362
2014-12-15$65.38$55.0021.7%6.7%25.7%36.4%23.8%2.7%1.3%10.3M-503.0M-871.4K0.5318.39N/AN/A7,0883,722106,37598,352
2014-12-16$64.29$55.0022.7%6.8%26.9%40.6%25.2%3.4%1.2%9.2M-449.2M-922.2K1.0118.31N/AN/A4,2054,238105,29499,318
2014-12-17$65.98$55.0021.8%6.7%27.6%36.5%23.9%2.9%1.2%9.8M-524.7M-855.6K0.7618.76N/AN/A6,2234,701105,81599,267
2014-12-18$66.61$55.0019.4%6.3%18.0%25.9%21.7%2.8%2.7%9.1M-570.7M-717.1K4.5018.65N/AN/A2,56311,530105,04699,032
2014-12-19$66.90$55.0018.3%6.1%18.0%20.8%22.4%3.5%3.2%8.6M-568.6M-747.1K0.1319.60N/AN/A4,201533105,04699,315
2014-12-22$67.82$0.0018.4%5.5%18.0%21.4%19.3%2.5%0.5%4.9M-462.9M-691.2K3.1721.54N/AN/A3,68711,67283,93980,770
2014-12-23$67.94$67.5017.5%5.3%18.0%17.5%18.3%2.7%0.8%5.0M-465.7M-667.6K1.9312.40N/AN/A6,78313,07783,76881,600
2014-12-24$67.51$67.5017.2%5.3%17.7%16.2%19.1%3.1%1.3%5.4M-467.7M-704.6K10.0212.45N/AN/A1,26912,71485,80981,648
2014-12-26$67.65$67.5017.3%5.3%17.6%16.6%19.7%2.7%1.1%5.5M-472.9M-689.2K8.1314.29N/AN/A1,56412,71385,88981,673
2014-12-29$68.68$67.5018.8%5.4%17.6%23.0%19.1%3.2%-0.2%5.1M-494.2M-656.4K5.4211.48N/AN/A2,35512,77586,25581,887
2014-12-30$68.55$67.5018.2%5.4%17.0%20.4%19.0%2.9%0.2%5.3M-490.9M-645.2K0.4410.41N/AN/A1,76276885,95782,247
2014-12-31$68.80$67.5017.5%5.2%16.8%17.2%18.6%3.1%1.0%5.3M-490.7M-656.0K1.068.75N/AN/A4,1004,34486,23482,708