LOW Options History — June 2018

In June 2018, LOW traded between $95.81 and $100.80. ATM implied volatility averaged 20.0%, placing in the 15.5% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 9.2% (HV 20d: 29.2%). Max pain ranged from $85.00 to $90.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.96.

Notable Days

  • 2018-06-07: Highest Volume — 23,418 contracts
  • 2018-06-25: Largest IV spike — 12.0% change
  • 2018-06-27: Highest IV Rank — 23.6%
  • 2018-06-27: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$98.26$95.81$100.80$95.81$96.00
Max Pain$85.24$85.00$90.00$90.00$85.00
ATM IV20.0%18.7%22.3%19.7%21.3%
Expected Move5.8%5.4%6.3%5.5%6.0%
HV 20d29.2%12.2%37.8%37.8%12.3%
HV 60d31.4%26.9%34.0%33.9%26.9%
IV Rank15.5%10.6%23.6%14.7%20.1%
IV Percentile30.9%20.2%49.2%29.4%40.5%
Term Structure0.2%-0.9%0.8%-0.9%0.4%
VWIV20.9%19.4%23.2%20.0%21.8%
Skew 25d2.4%2.0%3.3%2.2%3.1%
Skew 10d5.2%3.6%7.1%6.2%6.8%
Call IV 25d19.2%18.1%21.3%19.2%20.1%
Put IV 25d21.7%20.4%24.4%21.3%23.2%
Bid-Ask Spread %4.992.639.063.498.69
Gamma HHI0.140.090.300.090.11
Net GEX23.6M16.3M41.6M16.3M17.1M
Net DEX-883.0M-1.13B-622.1M-812.4M-622.1M
Net VEX-4.0M-4.1M-3.9M-4.1M-3.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.561.450.890.89
Total Volume15,757.47610,51323,41823,40211,938
Total OI300,006.857277,964324,787311,631288,873

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-06-01$95.81$90.0019.7%5.5%37.8%14.7%20.0%2.2%-0.9%16.3M-812.4M-4.1M0.893.49N/AN/A12,37211,030183,861127,770
2018-06-04$97.42$85.0019.6%5.6%37.6%14.3%21.0%2.2%0.3%21.3M-913.2M-4.0M1.079.06N/AN/A10,13710,863179,303120,904
2018-06-05$97.61$85.0019.3%5.7%37.3%13.1%20.4%2.5%0.2%20.5M-919.4M-4.0M1.284.44N/AN/A7,6099,735181,010125,089
2018-06-06$98.37$85.0019.5%5.8%37.3%13.8%20.0%2.2%0.3%23.4M-963.8M-4.1M0.564.64N/AN/A14,7798,296181,965126,479
2018-06-07$99.19$85.0019.4%5.7%37.2%13.6%20.4%2.2%0.2%29.2M-1.06B-4.0M0.595.28N/AN/A14,7528,666186,854129,415
2018-06-08$100.13$85.0019.7%5.7%37.2%14.5%20.9%2.0%0.4%41.6M-1.13B-4.0M0.634.00N/AN/A12,3017,696188,632132,215
2018-06-11$100.80$85.0019.0%5.7%36.7%12.2%21.0%2.2%0.8%27.8M-1.13B-4.0M1.083.47N/AN/A8,7909,526185,102127,577
2018-06-12$100.37$85.0019.3%5.6%36.5%13.0%21.5%2.2%0.3%29.5M-1.10B-4.0M1.453.52N/AN/A7,72411,190187,247130,260
2018-06-13$99.71$85.0019.3%5.5%36.2%13.3%21.4%2.3%0.0%28.9M-1.06B-4.0M1.285.05N/AN/A6,8358,777188,977134,206
2018-06-14$99.23$85.0018.7%5.4%36.4%11.1%20.7%2.4%-0.1%26.6M-1.01B-4.0M1.043.52N/AN/A5,9416,153188,668135,940
2018-06-15$98.99$85.0018.8%5.4%36.4%10.6%19.4%2.3%0.1%17.3M-986.2M-4.1M0.837.39N/AN/A7,8836,529188,754136,033
2018-06-18$98.59$85.0019.6%5.6%36.6%13.4%20.3%2.2%0.4%23.7M-826.9M-3.9M0.943.31N/AN/A5,9905,658169,535108,429
2018-06-19$97.95$85.0020.0%5.7%36.8%14.8%20.3%2.3%0.4%23.2M-783.1M-3.9M0.974.83N/AN/A5,6485,480170,981109,283
2018-06-20$98.53$85.0019.5%5.6%36.0%13.0%19.8%2.1%0.4%24.2M-827.6M-3.9M1.024.33N/AN/A6,0676,188171,873109,868
2018-06-21$99.04$85.0020.3%5.8%15.1%16.1%20.6%2.3%0.1%23.3M-858.6M-3.9M0.796.75N/AN/A8,3276,619172,414111,681
2018-06-22$98.37$85.0019.8%5.6%13.8%14.3%20.1%2.3%0.6%24.7M-809.4M-3.9M1.023.67N/AN/A6,6236,758173,983112,767
2018-06-25$96.83$85.0022.2%6.3%15.1%23.2%22.1%2.7%-0.1%20.1M-687.0M-4.0M0.955.29N/AN/A6,0015,678171,554109,812
2018-06-26$97.33$85.0021.1%5.9%14.8%19.1%21.6%2.8%-0.0%20.8M-724.8M-3.9M0.882.63N/AN/A5,6004,913171,942110,270
2018-06-27$96.82$85.0022.3%6.3%13.7%23.6%23.2%3.0%-0.0%19.3M-681.9M-3.9M1.025.72N/AN/A6,2696,391172,527111,351
2018-06-28$96.36$85.0022.3%6.3%12.2%23.5%22.1%3.3%0.0%17.6M-648.2M-3.9M0.885.61N/AN/A6,9926,183173,682113,058
2018-06-29$96.00$85.0021.3%6.0%12.3%20.1%21.8%3.1%0.4%17.1M-622.1M-3.9M0.898.69N/AN/A6,3025,636174,790114,083