LOW Options History — April 2015

In April 2015, LOW traded between $68.74 and $75.25. ATM implied volatility averaged 18.7%, placing in the 22.9% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 1.2% (HV 20d: 17.6%). Max pain ranged from $70.00 to $72.50. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 0.79.

Notable Days

  • 2015-04-30: Highest Volume — 49,330 contracts
  • 2015-04-30: Largest IV spike — 49.7% change
  • 2015-04-30: Highest IV Rank — 68.9%
  • 2015-04-30: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$73.26$68.74$75.25$74.32$68.74
Max Pain$72.38$70.00$72.50$70.00$72.50
ATM IV18.7%16.9%29.0%19.3%29.0%
Expected Move5.4%4.9%8.3%5.5%8.3%
HV 20d17.6%15.1%20.1%20.1%17.7%
HV 60d19.2%17.2%21.1%21.1%18.0%
IV Rank22.9%14.8%68.9%25.5%68.9%
IV Percentile46.5%23.0%98.8%57.1%98.8%
Term Structure2.9%-1.7%4.9%0.4%-1.7%
VWIV19.0%16.7%29.1%19.5%29.1%
Skew 25d2.9%1.9%5.4%2.7%5.4%
Skew 10d6.5%4.3%14.7%6.4%14.7%
Call IV 25d18.0%15.9%26.9%18.8%26.9%
Put IV 25d21.0%18.3%32.4%21.4%32.4%
Bid-Ask Spread %10.687.1814.598.1511.86
Gamma HHI0.370.160.890.360.16
Net GEX4.6M-126.2M27.3M20.8M-466.8K
Net DEX-202.3M-339.0M-6.2M-298.3M-6.2M
Net VEX-1.3M-1.4M-1.2M-1.4M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.154.270.944.27
Total Volume11,034.2863,64049,33010,58049,330
Total OI140,809.57197,432176,642162,385112,074

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-04-01$74.32$70.0019.3%5.5%20.1%25.5%19.5%2.7%0.4%20.8M-298.3M-1.4M0.948.15N/AN/A5,4415,139100,20962,176
2015-04-02$74.91$72.5018.5%5.6%20.1%21.8%21.8%3.0%2.1%24.1M-330.1M-1.4M1.428.51N/AN/A3,0464,33899,63465,256
2015-04-06$75.25$72.5019.0%5.7%19.1%24.0%19.4%2.9%2.1%27.3M-339.0M-1.3M0.2610.20N/AN/A12,6343,24999,57167,012
2015-04-07$74.09$72.5017.5%5.4%19.6%17.6%19.4%3.0%2.5%17.8M-266.5M-1.3M0.279.75N/AN/A13,5203,695100,18267,237
2015-04-08$74.81$72.5018.8%5.4%18.9%23.2%18.7%2.9%2.4%22.1M-304.4M-1.3M0.539.07N/AN/A4,7522,53298,25567,446
2015-04-09$74.21$72.5018.4%5.3%19.2%21.4%18.0%3.0%2.9%15.0M-263.0M-1.3M0.437.18N/AN/A6,3762,754100,18667,717
2015-04-10$74.86$72.5018.9%5.4%17.2%23.5%18.8%2.6%2.4%20.3M-303.0M-1.3M0.278.39N/AN/A11,0203,01799,05968,321
2015-04-13$73.86$72.5018.7%5.4%17.4%22.9%18.4%3.2%2.4%12.4M-252.1M-1.2M0.239.32N/AN/A9,0062,084101,59869,244
2015-04-14$73.92$72.5018.1%5.2%16.2%20.3%18.7%2.9%2.7%14.3M-260.6M-1.3M0.458.99N/AN/A4,0171,807101,60969,555
2015-04-15$73.39$72.5018.8%5.4%15.9%23.4%17.8%2.6%2.4%-4.1M-218.0M-1.2M0.329.71N/AN/A5,2291,684101,66469,593
2015-04-16$74.07$72.5018.4%5.3%16.3%21.3%18.4%2.4%2.2%22.1M-272.8M-1.2M0.1510.45N/AN/A12,3171,889102,83969,793
2015-04-17$72.50$72.5019.1%5.5%17.9%24.6%19.5%2.4%2.4%-126.2M-172.7M-1.2M0.919.33N/AN/A6,5755,996105,89570,747
2015-04-20$72.66$72.5017.3%5.0%17.6%16.6%17.2%2.5%4.0%4.4M-126.9M-1.2M0.5213.07N/AN/A5,3832,78554,63242,800
2015-04-21$73.33$72.5017.0%4.9%17.9%15.3%16.7%2.7%4.4%5.7M-144.2M-1.2M0.5212.01N/AN/A4,7862,50255,61444,169
2015-04-22$73.08$72.5017.3%5.0%17.9%16.6%17.4%2.7%4.3%4.9M-136.5M-1.3M0.6913.93N/AN/A2,3801,64257,37745,371
2015-04-23$73.41$72.5017.3%5.0%16.9%16.4%17.1%1.9%4.8%6.0M-151.7M-1.2M0.6514.59N/AN/A2,5311,64957,50745,534
2015-04-24$73.17$72.5016.9%4.9%15.6%14.8%17.1%2.6%4.9%5.1M-138.5M-1.3M0.8111.59N/AN/A2,0111,62957,48645,787
2015-04-27$71.89$72.5017.7%5.1%16.3%18.1%18.5%3.4%4.5%2.2M-101.0M-1.2M0.4413.34N/AN/A3,5311,54657,66045,845
2015-04-28$71.66$72.5017.6%5.0%15.1%17.8%17.8%3.5%4.3%1.7M-96.0M-1.2M0.4712.86N/AN/A4,4742,12358,31245,970
2015-04-29$70.41$72.5019.4%5.6%16.1%25.7%19.1%3.5%3.4%620.1K-65.7M-1.2M1.9211.95N/AN/A3,8687,43359,54146,524
2015-04-30$68.74$72.5029.0%8.3%17.7%68.9%29.1%5.4%-1.7%-466.8K-6.2M-1.3M4.2711.86N/AN/A9,35339,97760,75751,317