LOW Options History — March 2015

In March 2015, LOW traded between $72.90 and $75.61. ATM implied volatility averaged 19.7%, placing in the 27.4% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 2.2% (HV 20d: 17.6%). Max pain ranged from $62.50 to $70.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.52.

Notable Days

  • 2015-03-20: Highest Volume — 30,123 contracts
  • 2015-03-26: Largest IV spike — 13.4% change
  • 2015-03-10: Highest IV Rank — 40.3%
  • 2015-03-11: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$74.40$72.90$75.61$75.07$74.44
Max Pain$67.16$62.50$70.00$70.00$70.00
ATM IV19.7%17.8%22.6%18.3%19.5%
Expected Move5.6%5.1%6.2%5.2%5.6%
HV 20d17.6%14.0%20.6%14.0%20.6%
HV 60d21.5%20.9%22.0%20.9%21.8%
IV Rank27.4%18.8%40.3%20.7%26.5%
IV Percentile57.3%36.9%77.8%42.5%59.1%
Term Structure1.2%0.3%3.2%0.5%0.8%
VWIV19.8%17.2%21.9%18.5%20.2%
Skew 25d2.9%2.0%3.3%2.4%3.2%
Skew 10d6.3%4.3%7.3%4.4%7.3%
Call IV 25d18.7%16.6%20.5%17.2%18.8%
Put IV 25d21.6%19.5%23.6%19.6%22.1%
Bid-Ask Spread %7.495.2410.409.417.47
Gamma HHI0.360.300.470.300.35
Net GEX16.2M10.5M24.8M17.2M20.9M
Net DEX-318.9M-388.9M-229.2M-372.9M-306.6M
Net VEX-1.3M-1.4M-1.2M-1.2M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.091.540.300.42
Total Volume9,956.8643,36530,12315,9086,272
Total OI152,395.909141,017168,949143,020161,665

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-03-02$75.07$70.0018.3%5.2%14.0%20.7%18.5%2.4%0.5%17.2M-372.9M-1.2M0.309.41N/AN/A12,2373,67188,10254,918
2015-03-03$75.00$70.0018.4%5.3%14.1%21.2%18.4%2.3%0.5%16.2M-361.6M-1.2M0.279.17N/AN/A5,6351,51386,59755,815
2015-03-04$74.01$70.0018.2%5.2%14.8%20.4%18.6%2.0%0.7%13.3M-307.2M-1.2M0.3910.40N/AN/A5,0961,96385,24855,769
2015-03-05$74.59$62.5018.4%5.4%14.2%21.3%19.0%3.3%2.2%14.9M-328.3M-1.2M0.488.87N/AN/A7,6453,63986,00556,037
2015-03-06$73.38$62.5020.3%5.8%15.3%29.8%19.7%3.0%1.6%11.3M-279.8M-1.2M0.297.26N/AN/A6,4601,89688,04758,394
2015-03-09$74.26$65.0020.3%5.6%15.7%29.7%19.8%3.2%1.8%14.3M-308.0M-1.3M0.616.92N/AN/A3,4052,08488,69858,477
2015-03-10$73.06$65.0022.6%6.1%16.1%40.3%20.9%3.2%1.2%10.6M-264.8M-1.2M0.726.69N/AN/A2,2001,59190,04559,944
2015-03-11$73.07$65.0021.5%6.2%15.6%35.4%21.7%3.1%1.1%10.5M-256.6M-1.3M0.717.26N/AN/A2,0421,46090,96160,498
2015-03-12$74.94$65.0020.1%5.8%17.6%29.2%20.1%3.0%1.7%16.2M-344.0M-1.2M0.667.48N/AN/A4,1532,75390,34360,893
2015-03-13$74.16$65.0021.3%6.1%17.8%34.2%21.3%3.0%1.0%13.5M-300.1M-1.3M0.498.67N/AN/A4,3922,16689,20863,016
2015-03-16$75.44$65.0020.9%6.0%18.6%32.5%20.9%2.9%1.1%17.2M-365.9M-1.2M0.097.40N/AN/A14,8481,37290,76463,622
2015-03-17$74.57$65.0021.3%6.1%19.2%34.5%21.9%3.2%0.6%10.5M-311.1M-1.2M0.665.66N/AN/A8,1475,34585,62164,108
2015-03-18$74.52$67.5020.1%5.8%19.2%28.9%20.8%3.1%1.7%11.8M-322.2M-1.3M0.946.88N/AN/A10,1309,56692,05568,280
2015-03-19$74.56$67.5019.4%5.6%19.1%26.1%20.5%3.0%2.1%14.4M-322.9M-1.3M0.726.49N/AN/A1,9541,41196,31071,029
2015-03-20$75.23$67.5017.8%5.1%18.4%18.8%17.2%2.9%3.2%22.7M-388.9M-1.3M0.116.68N/AN/A27,0663,05797,03571,914
2015-03-23$75.37$67.5018.0%5.2%18.4%19.7%17.3%2.9%0.5%24.8M-366.6M-1.4M0.366.84N/AN/A6,3542,31396,53356,094
2015-03-24$75.61$67.5018.1%5.2%17.8%20.0%17.7%2.8%0.9%24.1M-360.8M-1.4M0.465.24N/AN/A3,7221,69893,47156,668
2015-03-25$74.26$70.0018.7%5.4%18.9%22.7%18.7%2.9%0.8%18.9M-300.7M-1.4M0.235.92N/AN/A6,7161,53195,31557,332
2015-03-26$72.90$70.0021.2%6.1%20.0%34.0%21.2%2.9%0.3%12.6M-229.2M-1.4M0.647.06N/AN/A7,8815,05896,91357,894
2015-03-27$73.67$70.0020.7%5.9%20.4%31.7%20.5%3.1%0.5%17.8M-272.3M-1.4M0.259.23N/AN/A2,92973199,74356,865
2015-03-30$74.79$70.0019.1%5.5%20.6%24.6%21.0%3.0%1.2%23.4M-346.2M-1.3M1.547.79N/AN/A5,8779,07299,33257,132
2015-03-31$74.44$70.0019.5%5.6%20.6%26.5%20.2%3.2%0.8%20.9M-306.6M-1.4M0.427.47N/AN/A4,4111,86199,88361,782