LOW Options History — July 2018

In July 2018, LOW traded between $94.45 and $101.53. ATM implied volatility averaged 22.5%, placing in the 24.4% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 9.0% (HV 20d: 13.5%). Max pain ranged from $85.00 to $100.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.88.

Notable Days

  • 2018-07-13: Highest Volume — 39,535 contracts
  • 2018-07-23: Largest IV spike — 14.4% change
  • 2018-07-27: Highest IV Rank — 43.2%
  • 2018-07-02: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$98.66$94.45$101.53$94.45$99.40
Max Pain$96.79$85.00$100.00$85.00$98.50
ATM IV22.5%18.9%27.5%23.3%27.1%
Expected Move5.8%5.5%6.6%6.6%5.9%
HV 20d13.5%11.9%14.6%12.0%13.0%
HV 60d25.7%24.3%27.0%27.0%24.3%
IV Rank24.4%10.9%43.2%27.2%41.7%
IV Percentile44.0%17.9%75.8%52.4%73.4%
Term Structure1.0%-1.9%5.8%-0.3%-1.2%
VWIV20.8%19.1%22.9%22.9%21.5%
Skew 25d2.5%1.7%3.6%3.0%2.4%
Skew 10d5.3%3.2%8.8%6.9%5.4%
Call IV 25d21.7%18.4%27.2%22.3%26.1%
Put IV 25d24.2%20.4%30.8%25.4%28.5%
Bid-Ask Spread %5.732.7515.613.024.15
Gamma HHI0.160.120.250.120.15
Net GEX23.3M13.6M40.4M18.2M18.2M
Net DEX-704.3M-1.06B-421.3M-506.5M-519.0M
Net VEX-3.7M-3.8M-3.5M-3.8M-3.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.241.510.750.68
Total Volume16,285.8578,49539,53516,1729,689
Total OI271,203.905211,286304,571282,687225,188

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-07-02$94.45$85.0023.3%6.6%12.0%27.2%22.9%3.0%-0.3%18.2M-506.5M-3.8M0.753.02N/AN/A9,2396,933172,742109,945
2018-07-03$95.06$85.0022.2%6.2%12.2%23.1%22.2%3.3%0.1%18.5M-560.3M-3.8M1.457.65N/AN/A6,1598,906175,026112,343
2018-07-05$95.51$97.5021.1%6.3%12.0%19.0%22.1%3.0%-0.0%17.8M-576.6M-3.7M0.734.16N/AN/A6,4034,671175,542116,662
2018-07-06$96.20$97.5020.8%6.0%11.9%18.1%20.9%2.9%0.1%19.9M-638.1M-3.7M0.725.48N/AN/A7,0525,082176,490117,457
2018-07-09$97.16$97.5020.2%5.8%11.9%15.5%20.1%3.1%0.1%22.4M-714.3M-3.6M1.419.59N/AN/A6,6869,413175,767114,392
2018-07-10$98.95$97.5018.9%5.6%13.6%10.9%20.9%2.4%0.8%26.0M-852.9M-3.6M1.0715.61N/AN/A9,1609,817176,804117,944
2018-07-11$98.61$97.5019.9%5.9%13.6%14.7%21.2%2.3%0.7%25.4M-830.0M-3.6M1.085.75N/AN/A8,6269,357177,088119,623
2018-07-12$98.29$97.5019.4%5.7%13.4%12.7%20.7%2.4%0.7%24.9M-805.1M-3.6M1.133.00N/AN/A6,1696,991179,460121,726
2018-07-13$99.55$97.5019.6%5.6%14.1%13.3%20.3%2.1%0.2%28.0M-917.1M-3.5M0.244.98N/AN/A31,7787,757179,992122,309
2018-07-16$99.57$97.5019.6%5.6%14.1%13.5%20.6%2.1%5.5%29.4M-877.7M-3.7M0.332.75N/AN/A16,4995,368178,059120,227
2018-07-17$100.41$97.5019.3%5.6%14.3%12.2%20.2%1.8%5.6%33.0M-957.0M-3.7M0.394.19N/AN/A18,4947,135178,827120,977
2018-07-18$100.93$97.5019.2%5.5%14.1%12.2%19.6%1.7%5.7%35.2M-1.01B-3.6M0.765.59N/AN/A7,9296,051180,615121,995
2018-07-19$101.53$97.5020.3%5.5%14.1%16.3%20.8%2.0%5.5%29.4M-1.06B-3.6M0.823.08N/AN/A8,4036,878181,152123,419
2018-07-20$100.71$97.5021.4%5.5%14.4%20.4%19.1%1.9%5.8%40.4M-984.5M-3.6M0.4412.64N/AN/A10,0994,436180,734123,688
2018-07-23$101.17$97.5024.5%5.6%14.2%32.0%19.9%2.5%-1.4%21.5M-600.8M-3.6M1.022.88N/AN/A5,4195,517128,62982,657
2018-07-24$99.79$100.0026.7%5.6%13.9%40.0%20.1%2.5%-1.9%19.1M-532.4M-3.6M0.922.99N/AN/A6,1265,648129,19385,405
2018-07-25$98.92$100.0026.8%5.7%14.3%40.3%20.2%2.3%-1.4%17.0M-480.7M-3.7M1.148.25N/AN/A9,18210,508130,16686,748
2018-07-26$98.39$99.0027.3%5.8%14.3%42.2%20.3%2.4%-1.0%13.6M-440.7M-3.7M0.903.69N/AN/A6,6556,008132,86191,676
2018-07-27$98.05$99.0027.5%5.9%14.2%43.2%20.6%3.6%-1.7%14.6M-421.3M-3.7M1.515.68N/AN/A6,87110,394134,88392,930
2018-07-30$99.23$98.5027.5%6.0%14.6%42.9%22.2%2.9%-1.1%17.3M-507.5M-3.7M1.065.19N/AN/A4,1304,365132,83791,104
2018-07-31$99.40$98.5027.1%5.9%13.0%41.7%21.5%2.4%-1.2%18.2M-519.0M-3.7M0.684.15N/AN/A5,7553,934133,58691,602