LOW Options History — August 2016

In August 2016, LOW traded between $76.43 and $82.28. ATM implied volatility averaged 18.4%, placing in the 15.5% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded below realized volatility by 0.2% (HV 20d: 18.6%). Max pain ranged from $80.00 to $82.50. Net GEX was positive for 12 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 1.94.

Notable Days

  • 2016-08-16: Highest Volume — 59,373 contracts
  • 2016-08-17: Largest IV drop — 16.9% change
  • 2016-08-15: Highest IV Rank — 30.0%
  • 2016-08-02: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$79.41$76.43$82.28$82.28$76.54
Max Pain$80.33$80.00$82.50$80.00$80.00
ATM IV18.4%15.5%21.9%20.2%16.4%
Expected Move5.2%4.3%6.9%6.5%4.5%
HV 20d18.6%12.2%24.7%15.2%23.5%
HV 60d18.4%15.1%19.6%18.8%19.0%
IV Rank15.5%3.0%30.0%22.9%6.8%
IV Percentile23.0%1.6%50.4%32.5%9.1%
Term Structure-0.3%-1.4%1.2%-0.6%0.1%
VWIV18.7%14.2%24.7%23.8%14.2%
Skew 25d3.8%2.9%4.6%4.3%3.3%
Skew 10d7.3%4.8%10.2%10.2%5.2%
Call IV 25d17.0%14.1%20.6%18.4%14.9%
Put IV 25d20.7%17.3%24.4%22.6%18.3%
Bid-Ask Spread %6.724.2612.106.826.81
Gamma HHI0.110.090.360.100.13
Net GEX-4.4M-49.0M14.3M13.9M-21.7M
Net DEX-22.2M-209.8M290.4M-209.8M121.0M
Net VEX-1.7M-1.9M-1.5M-1.7M-1.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.940.757.101.730.75
Total Volume22,509.17411,17459,37312,39916,755
Total OI186,871.565142,337244,172142,337201,349

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-08-01$82.28$80.0020.2%6.5%15.2%22.9%23.8%4.3%-0.6%13.9M-209.8M-1.7M1.736.82N/AN/A4,5367,86374,95167,386
2016-08-02$81.97$80.0021.1%6.9%15.2%26.6%23.9%4.6%-0.8%13.4M-196.5M-1.7M1.016.30N/AN/A6,6396,69776,23068,401
2016-08-03$81.99$80.0020.5%6.8%15.0%24.3%24.7%4.3%-0.8%14.3M-200.7M-1.7M1.486.20N/AN/A5,4228,04178,94069,895
2016-08-04$80.85$80.0021.7%6.0%15.8%29.2%21.2%4.6%-1.0%10.1M-147.1M-1.8M3.168.00N/AN/A4,03112,74681,88371,520
2016-08-05$81.72$80.0020.4%5.4%13.8%23.7%20.5%4.6%-1.0%12.4M-193.2M-1.8M2.535.56N/AN/A4,65311,77783,01874,973
2016-08-08$81.58$80.0020.3%5.4%13.6%23.2%19.4%4.2%-1.3%12.0M-183.2M-1.7M4.036.64N/AN/A2,92311,78781,36574,040
2016-08-09$81.35$80.0020.3%5.4%13.6%23.4%20.2%3.8%-1.4%10.5M-165.6M-1.7M2.724.26N/AN/A4,24111,55481,90775,770
2016-08-10$80.94$80.0020.8%5.9%12.5%25.4%21.8%4.0%-0.2%10.6M-145.3M-1.7M7.107.28N/AN/A5,06035,90983,76176,848
2016-08-11$81.69$80.0020.4%5.5%12.7%23.7%19.9%3.9%-1.4%7.2M-146.0M-1.9M3.906.77N/AN/A5,04919,67984,466101,142
2016-08-12$81.75$80.0021.3%5.8%12.5%27.7%20.4%4.4%-1.4%8.7M-141.6M-1.9M1.187.25N/AN/A13,25515,62185,516108,905
2016-08-15$81.50$82.5021.9%6.2%12.5%30.0%21.0%3.6%-0.2%3.5M-134.8M-1.9M1.337.24N/AN/A13,99018,54886,304106,928
2016-08-16$81.50$82.5020.2%5.7%12.2%22.7%21.1%3.6%0.2%6.2M-145.5M-1.9M1.9712.10N/AN/A19,97939,39494,018111,394
2016-08-17$76.88$82.5016.8%4.8%24.1%8.3%18.6%3.4%1.0%-28.2M290.4M-1.6M1.138.67N/AN/A25,63228,898103,897125,969
2016-08-18$76.43$80.0015.5%4.4%23.8%3.3%16.4%3.3%1.2%-18.7M283.8M-1.6M1.127.35N/AN/A5,2605,914112,650128,583
2016-08-19$77.85$80.0015.6%4.4%24.7%3.3%15.6%2.9%0.3%-49.0M141.9M-1.7M1.307.02N/AN/A13,05516,937115,116129,056
2016-08-22$77.41$80.0015.7%4.4%24.6%4.0%15.6%3.3%0.1%-12.5M78.4M-1.7M1.105.05N/AN/A8,9759,91786,721100,565
2016-08-23$77.33$80.0015.5%4.3%24.6%3.0%15.2%2.9%0.2%-12.7M80.9M-1.7M1.236.13N/AN/A7,5789,30588,692101,980
2016-08-24$76.96$80.0016.3%4.5%24.6%6.5%16.0%3.5%0.2%-15.4M105.1M-1.7M1.576.67N/AN/A5,5148,65589,544103,238
2016-08-25$77.37$80.0015.8%4.4%23.4%4.5%15.2%3.2%0.2%-13.7M73.9M-1.7M1.174.62N/AN/A10,36012,16291,320110,405
2016-08-26$76.93$80.0016.0%4.4%23.4%5.2%15.4%3.6%0.2%-13.4M105.7M-1.7M1.136.54N/AN/A8,1829,20694,626114,790
2016-08-29$77.06$80.0015.6%4.3%23.4%3.5%15.2%3.6%0.2%-17.8M93.0M-1.6M0.985.17N/AN/A6,4866,34388,156110,744
2016-08-30$76.54$80.0016.0%4.4%23.5%5.0%15.3%3.4%0.3%-20.9M123.4M-1.5M0.906.20N/AN/A6,9266,25790,085110,999
2016-08-31$76.54$80.0016.4%4.5%23.5%6.8%14.2%3.3%0.1%-21.7M121.0M-1.6M0.756.81N/AN/A9,5797,17690,173111,176