LOW Options History — August 2018

In August 2018, LOW traded between $96.92 and $108.84. ATM implied volatility averaged 24.6%, placing in the 32.1% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 6.7% (HV 20d: 17.9%). Max pain ranged from $97.50 to $103.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 1.16.

Notable Days

2018-08-22: Highest Volume — 136,512 contracts
2018-08-22: Largest IV drop — 36.2% change
2018-08-13: Highest IV Rank — 55.2%
2018-08-21: Largest Expected Move — 8.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$101.49	$96.92	$108.84	$98.02	$108.55
Max Pain	$99.46	$97.50	$103.00	$98.50	$103.00
ATM IV	24.6%	16.8%	30.7%	27.4%	16.8%
Expected Move	6.5%	4.6%	8.4%	5.9%	4.6%
HV 20d	17.9%	12.7%	25.1%	14.2%	24.3%
HV 60d	20.8%	14.5%	24.5%	24.4%	17.9%
IV Rank	32.1%	3.0%	55.2%	42.7%	3.0%
IV Percentile	55.3%	4.4%	92.5%	75.0%	4.4%
Term Structure	-0.8%	-1.8%	0.6%	-1.3%	0.3%
VWIV	23.1%	16.7%	29.6%	21.1%	17.6%
Skew 25d	2.2%	0.9%	9.4%	2.2%	1.3%
Skew 10d	4.5%	1.8%	10.1%	5.5%	2.1%
Call IV 25d	24.1%	16.6%	30.4%	26.6%	16.6%
Put IV 25d	26.3%	17.8%	39.0%	28.9%	17.9%
Bid-Ask Spread %	8.04	4.18	19.84	17.32	5.91
Gamma HHI	0.14	0.09	0.19	0.14	0.17
Net GEX	22.5M	10.9M	49.7M	16.1M	29.4M
Net DEX	-646.7M	-1.09B	-343.2M	-437.2M	-1.00B
Net VEX	-3.5M	-3.7M	-3.1M	-3.7M	-3.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.16	0.54	2.03	0.96	1.67
Total Volume	26,935.522	8,526	136,512	10,917	21,458
Total OI	262,983.522	227,671	320,665	227,671	292,050

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-08-01	$98.02	$98.50	27.4%	5.9%	14.2%	42.7%	21.1%	2.2%	-1.3%	16.1M	-437.2M	-3.7M	0.96	17.32	N/A	N/A	5,567	5,350	135,552	92,119
2018-08-02	$97.39	$98.50	27.6%	5.9%	14.4%	43.5%	20.4%	1.7%	-1.0%	14.8M	-396.2M	-3.7M	0.69	4.18	N/A	N/A	9,412	6,524	137,174	93,278
2018-08-03	$97.65	$98.00	28.0%	6.1%	14.2%	45.0%	21.3%	2.6%	-1.8%	15.1M	-415.2M	-3.7M	0.85	5.23	N/A	N/A	6,583	5,572	140,611	94,891
2018-08-06	$97.76	$100.00	27.0%	7.0%	13.8%	41.1%	24.7%	2.1%	-0.9%	16.5M	-429.2M	-3.6M	0.98	6.61	N/A	N/A	5,199	5,108	138,075	94,156
2018-08-07	$98.89	$100.00	26.5%	6.7%	12.8%	39.3%	23.8%	2.1%	-1.4%	19.7M	-508.9M	-3.5M	0.67	4.54	N/A	N/A	7,023	4,694	139,697	96,010
2018-08-08	$99.07	$100.00	26.3%	6.9%	12.7%	38.6%	24.2%	1.5%	-1.2%	21.0M	-528.5M	-3.6M	0.92	5.12	N/A	N/A	4,449	4,077	142,607	97,258
2018-08-09	$99.91	$100.00	26.6%	7.0%	13.0%	39.9%	24.6%	1.5%	-1.2%	23.7M	-589.4M	-3.6M	1.03	7.86	N/A	N/A	5,242	5,400	143,680	98,144
2018-08-10	$98.26	$100.00	28.3%	7.7%	13.6%	46.2%	26.6%	2.4%	-1.6%	16.5M	-454.6M	-3.6M	0.69	10.22	N/A	N/A	10,181	7,016	144,514	99,959
2018-08-13	$97.21	$100.00	30.7%	8.3%	14.0%	55.2%	29.5%	9.4%	-1.7%	14.1M	-385.6M	-3.7M	0.97	10.05	N/A	N/A	12,719	12,315	146,026	100,383
2018-08-14	$98.39	$100.00	28.3%	7.7%	14.4%	46.2%	27.4%	2.3%	-1.3%	20.2M	-460.1M	-3.7M	0.76	6.37	N/A	N/A	11,643	8,862	150,822	108,288
2018-08-15	$96.92	$100.00	30.3%	8.3%	15.1%	53.5%	29.6%	1.8%	-1.3%	11.7M	-343.2M	-3.7M	1.26	19.84	N/A	N/A	6,197	7,827	154,952	112,480
2018-08-16	$97.89	$97.50	29.1%	8.0%	15.4%	49.2%	28.7%	2.7%	-1.4%	20.5M	-425.3M	-3.7M	0.80	12.74	N/A	N/A	10,075	8,052	155,957	114,589
2018-08-17	$97.98	$97.50	28.6%	8.0%	15.2%	47.4%	27.7%	2.4%	-0.9%	24.7M	-440.4M	-3.6M	1.25	5.77	N/A	N/A	7,835	9,756	159,851	116,081
2018-08-20	$99.04	$97.50	28.6%	8.1%	15.7%	47.3%	28.4%	2.8%	-1.4%	18.4M	-503.5M	-3.6M	0.78	7.42	N/A	N/A	17,058	13,381	142,360	98,086
2018-08-21	$99.75	$97.50	29.7%	8.4%	15.2%	51.2%	29.6%	2.3%	-1.5%	21.3M	-557.2M	-3.7M	0.85	4.84	N/A	N/A	31,286	26,441	151,874	105,097
2018-08-22	$105.62	$99.50	18.9%	5.4%	25.0%	10.9%	19.4%	1.5%	0.5%	49.7M	-1.09B	-3.3M	0.54	4.61	N/A	N/A	88,373	48,139	169,975	124,392
2018-08-23	$107.01	$100.00	18.6%	5.3%	25.0%	9.9%	19.3%	1.2%	0.3%	36.3M	-1.05B	-3.2M	1.51	4.29	N/A	N/A	21,396	32,305	166,891	138,668
2018-08-24	$107.07	$100.00	17.8%	5.1%	24.9%	6.8%	18.3%	1.1%	0.4%	10.9M	-1.03B	-3.3M	1.85	4.90	N/A	N/A	11,389	21,025	168,588	152,077
2018-08-27	$106.88	$100.00	17.8%	5.0%	24.8%	6.9%	18.1%	1.9%	-0.5%	27.6M	-880.8M	-3.3M	2.03	7.25	N/A	N/A	8,029	16,285	151,236	123,835
2018-08-28	$108.33	$100.00	17.6%	5.0%	25.1%	5.8%	17.7%	1.0%	0.3%	28.9M	-980.5M	-3.2M	1.75	7.58	N/A	N/A	8,679	15,227	152,131	130,100
2018-08-29	$108.84	$100.00	16.8%	4.7%	24.1%	3.0%	16.7%	0.9%	0.6%	29.4M	-1.02B	-3.1M	1.85	13.81	N/A	N/A	7,658	14,132	152,164	132,968
2018-08-30	$107.86	$100.00	17.3%	4.8%	24.3%	4.7%	17.7%	1.3%	0.2%	31.2M	-948.9M	-3.2M	1.93	8.56	N/A	N/A	8,386	16,192	153,696	135,279
2018-08-31	$108.55	$103.00	16.8%	4.6%	24.3%	3.0%	17.6%	1.3%	0.3%	29.4M	-1.00B	-3.2M	1.67	5.91	N/A	N/A	8,032	13,426	154,916	137,134