LOW Options History — April 2018

In April 2018, LOW traded between $81.48 and $88.86. ATM implied volatility averaged 26.5%, placing in the 40.4% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded below realized volatility by 9.2% (HV 20d: 35.8%). Max pain ranged from $85.00 to $87.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.93.

Notable Days

  • 2018-04-04: Highest Volume — 45,664 contracts
  • 2018-04-19: Largest IV spike — 11.6% change
  • 2018-04-25: Highest IV Rank — 58.6%
  • 2018-04-02: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$85.43$81.48$88.86$84.48$82.70
Max Pain$86.79$85.00$87.50$87.50$85.00
ATM IV26.5%21.6%31.5%30.2%28.6%
Expected Move7.1%6.2%8.9%8.9%6.6%
HV 20d35.8%25.0%39.8%36.7%25.0%
HV 60d33.3%32.0%35.0%34.1%33.1%
IV Rank40.4%21.8%58.6%54.8%47.7%
IV Percentile74.2%46.4%94.0%92.5%86.5%
Term Structure0.8%-1.9%6.3%-0.8%-0.9%
VWIV25.5%22.0%30.8%30.8%23.0%
Skew 25d3.7%3.1%4.7%3.6%3.1%
Skew 10d8.1%6.1%14.6%14.6%6.6%
Call IV 25d25.1%20.8%29.8%29.8%26.7%
Put IV 25d28.8%24.4%33.4%33.4%29.9%
Bid-Ask Spread %7.705.2111.177.886.81
Gamma HHI0.080.070.090.090.08
Net GEX13.0M3.5M22.8M16.8M9.7M
Net DEX-227.3M-484.9M708.2K-269.0M-137.8M
Net VEX-4.1M-4.8M-3.7M-4.8M-4.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.271.750.440.77
Total Volume20,062.42912,41045,66432,58414,544
Total OI309,805.667253,326336,496329,105291,323

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-04-02$84.48$87.5030.2%8.9%36.7%54.8%30.8%3.6%-0.8%16.8M-269.0M-4.8M0.447.88N/AN/A22,57610,008222,406106,699
2018-04-03$85.35$87.5028.2%7.9%36.7%47.6%28.8%4.1%-1.8%14.9M-262.7M-4.5M0.727.85N/AN/A10,2937,443206,361110,020
2018-04-04$88.27$87.5025.1%7.3%38.6%36.0%28.7%3.7%0.0%22.8M-484.9M-4.6M0.487.62N/AN/A30,80914,855208,493110,385
2018-04-05$88.86$87.5025.2%6.9%38.5%36.5%25.6%4.3%-0.4%22.0M-444.1M-4.5M1.225.21N/AN/A12,44215,226197,091116,279
2018-04-06$88.20$87.5027.0%7.7%38.5%42.9%26.8%4.5%-0.3%19.8M-397.4M-4.5M0.817.92N/AN/A10,5108,491201,100119,631
2018-04-09$85.77$87.5027.6%7.9%39.5%45.2%26.7%4.7%0.4%10.4M-190.2M-4.3M1.195.44N/AN/A7,4408,871194,696118,954
2018-04-10$87.17$87.5026.5%7.4%39.8%40.9%29.0%4.4%-0.7%15.2M-301.9M-4.3M1.7511.17N/AN/A8,75415,334197,854120,083
2018-04-11$86.82$87.5024.8%7.1%39.1%33.4%25.2%3.2%-0.1%14.9M-276.3M-4.2M0.689.08N/AN/A7,9615,451198,672123,181
2018-04-12$87.21$87.5024.3%6.9%39.1%31.5%25.7%3.6%-0.2%16.8M-305.9M-4.2M0.945.48N/AN/A6,3926,018200,101124,112
2018-04-13$86.09$87.5024.4%7.1%39.2%32.2%25.7%3.6%0.4%12.9M-210.6M-4.2M0.819.55N/AN/A8,7467,109200,747125,240
2018-04-16$86.07$87.5023.4%6.7%38.5%28.3%24.7%3.7%5.0%10.0M-202.4M-4.0M1.648.44N/AN/A6,42910,522198,138123,603
2018-04-17$86.35$87.5021.6%6.2%38.0%21.8%22.0%3.6%5.9%11.8M-227.8M-4.0M0.826.65N/AN/A7,8286,389200,849126,069
2018-04-18$86.57$87.5021.7%6.2%38.0%21.9%22.5%3.4%6.3%12.4M-247.4M-4.0M1.239.61N/AN/A6,6048,097203,104128,349
2018-04-19$84.96$87.5024.2%6.7%37.8%31.2%23.6%3.3%5.3%3.5M-110.8M-3.9M0.8710.88N/AN/A8,2627,180204,765129,447
2018-04-20$83.51$87.5026.3%7.1%37.8%39.0%25.3%3.8%4.7%4.8M708.2K-3.8M1.296.08N/AN/A8,29810,691206,860129,636
2018-04-23$84.29$85.0027.8%6.6%37.2%44.6%25.1%3.3%-1.2%11.3M-167.1M-3.8M0.695.77N/AN/A9,8296,761166,02687,300
2018-04-24$82.57$85.0029.9%7.0%29.8%52.5%25.0%3.6%-1.3%9.0M-92.9M-3.8M1.529.96N/AN/A8,41812,777169,67290,420
2018-04-25$81.48$85.0031.5%7.3%27.2%58.6%26.4%3.8%-1.6%4.4M-23.4M-3.7M0.276.26N/AN/A22,8156,170172,49196,089
2018-04-26$83.22$85.0030.0%6.7%28.5%53.1%23.2%3.4%-1.9%11.2M-182.2M-4.1M0.768.35N/AN/A9,4077,165189,31897,445
2018-04-27$84.04$85.0028.8%6.4%27.7%48.5%22.6%3.8%-0.9%18.0M-238.5M-4.1M0.725.77N/AN/A10,6687,728191,986100,924
2018-04-30$82.70$85.0028.6%6.6%25.0%47.7%23.0%3.1%-0.9%9.7M-137.8M-4.0M0.776.81N/AN/A8,2026,342190,701100,622