LOW Options History — December 2018

In December 2018, LOW traded between $86.69 and $94.39. ATM implied volatility averaged 32.3%, placing in the 59.7% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded below realized volatility by 0.5% (HV 20d: 32.7%). Max pain ranged from $95.00 to $95.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 1.10.

Notable Days

2018-12-13: Highest Volume — 41,803 contracts
2018-12-12: Largest IV drop — 15.2% change
2018-12-24: Highest IV Rank — 88.0%
2018-12-24: Largest Expected Move — 11.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$90.82	$86.69	$94.39	$94.39	$92.04
Max Pain	$95.00	$95.00	$95.00	$95.00	$95.00
ATM IV	32.3%	24.3%	39.6%	24.3%	31.5%
Expected Move	9.5%	7.5%	11.7%	7.5%	9.5%
HV 20d	32.7%	30.6%	35.9%	31.9%	32.4%
HV 60d	28.4%	26.7%	30.8%	26.7%	30.8%
IV Rank	59.7%	29.0%	88.0%	29.0%	56.9%
IV Percentile	82.9%	48.4%	98.8%	48.4%	81.0%
Term Structure	-0.2%	-1.9%	2.1%	0.8%	0.1%
VWIV	33.0%	26.6%	40.7%	26.6%	33.1%
Skew 25d	5.2%	2.3%	9.2%	3.6%	4.1%
Skew 10d	11.7%	3.8%	18.9%	5.9%	8.9%
Call IV 25d	30.4%	22.9%	38.3%	22.9%	30.2%
Put IV 25d	35.6%	26.5%	43.8%	26.5%	34.3%
Bid-Ask Spread %	6.11	3.78	16.20	3.78	3.78
Gamma HHI	0.10	0.07	0.13	0.11	0.10
Net GEX	24.0K	-9.6M	13.6M	6.0M	1.7M
Net DEX	88.4M	-145.0M	277.8M	-90.7M	10.8M
Net VEX	-2.9M	-3.1M	-2.6M	-3.1M	-2.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.10	0.33	2.09	0.93	0.85
Total Volume	13,591.4	6,020	41,803	6,398	6,020
Total OI	288,220.5	273,292	308,621	273,292	278,554

Daily Data (20 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
2018-12-03	$94.39	$95.00	24.3%	7.5%	31.9%	29.0%	26.6%	3.6%	0.8%	6.0M	-90.7M	-3.1M	0.93	3.78	N/A	N/A	3,320	3,078	138,285	135,007
2018-12-04	$90.51	$95.00	27.8%	8.8%	34.9%	42.4%	30.4%	6.0%	-0.2%	-1.3M	138.3M	-2.9M	0.87	5.36	N/A	N/A	5,992	5,208	139,136	136,300
2018-12-05	$90.36	$95.00	27.1%	9.2%	34.9%	40.0%	32.1%	4.7%	2.1%	-1.7M	148.4M	-2.9M	0.89	16.20	N/A	N/A	6,097	5,413	139,136	136,300
2018-12-06	$90.77	$95.00	30.5%	8.9%	32.0%	52.8%	31.1%	4.3%	1.7%	-506.3K	120.1M	-3.0M	1.11	6.46	N/A	N/A	4,392	4,858	141,261	138,360
2018-12-07	$90.12	$95.00	31.7%	9.2%	32.0%	57.6%	32.5%	2.3%	0.8%	-540.5K	148.5M	-3.0M	1.32	6.90	N/A	N/A	2,841	3,737	143,453	139,456
2018-12-10	$89.46	$95.00	34.0%	9.6%	31.4%	66.3%	32.4%	4.7%	-0.6%	-1.4M	173.2M	-2.9M	0.88	4.76	N/A	N/A	4,557	4,000	141,372	137,824
2018-12-11	$89.82	$95.00	34.6%	9.8%	31.3%	68.8%	33.3%	4.9%	-0.1%	-1.2M	153.0M	-2.9M	1.50	7.06	N/A	N/A	6,930	10,421	142,915	140,008
2018-12-12	$92.49	$95.00	29.4%	8.3%	33.3%	48.6%	30.4%	3.5%	-0.4%	2.0M	7.0M	-3.0M	1.64	6.52	N/A	N/A	12,724	20,809	145,734	146,789
2018-12-13	$94.29	$95.00	28.0%	8.0%	34.1%	43.1%	28.3%	3.9%	-0.2%	13.6M	-145.0M	-3.1M	0.33	4.64	N/A	N/A	31,471	10,332	150,795	155,129
2018-12-14	$93.15	$95.00	30.0%	8.6%	33.6%	51.0%	29.9%	4.6%	0.2%	9.3M	-68.6M	-3.1M	1.01	4.52	N/A	N/A	10,806	10,895	150,980	157,641
2018-12-17	$89.88	$95.00	32.7%	9.4%	35.9%	61.4%	32.7%	5.5%	-0.0%	-5.9M	156.3M	-2.9M	2.09	3.83	N/A	N/A	4,178	8,727	145,567	151,131
2018-12-18	$91.88	$95.00	31.8%	9.1%	35.6%	57.8%	30.8%	5.4%	-0.5%	-3.2M	33.5M	-3.0M	0.61	4.28	N/A	N/A	6,426	3,947	147,025	155,041
2018-12-19	$90.22	$95.00	33.3%	9.5%	30.9%	63.6%	32.2%	5.8%	-1.4%	-6.4M	142.9M	-2.9M	0.92	6.33	N/A	N/A	6,727	6,196	149,072	155,458
2018-12-20	$88.78	$95.00	34.6%	9.9%	30.6%	68.8%	35.1%	6.7%	-0.4%	-9.6M	236.5M	-2.8M	1.55	7.26	N/A	N/A	5,273	8,164	151,145	156,976
2018-12-21	$88.04	$95.00	36.2%	10.5%	30.7%	74.8%	36.7%	6.9%	-1.9%	-5.7M	277.8M	-2.8M	1.04	6.50	N/A	N/A	6,004	6,264	152,292	156,017
2018-12-24	$86.69	$95.00	39.6%	11.7%	30.6%	88.0%	40.7%	5.5%	-0.9%	-1.6M	240.2M	-2.6M	0.74	7.28	N/A	N/A	3,880	2,872	139,323	135,243
2018-12-26	$90.53	$95.00	37.4%	10.9%	33.2%	79.5%	38.1%	8.0%	-0.6%	1.2M	62.9M	-2.8M	0.87	6.30	N/A	N/A	3,905	3,395	139,979	135,493
2018-12-27	$91.31	$95.00	36.5%	10.7%	32.6%	76.2%	39.4%	9.2%	-0.5%	2.6M	17.0M	-2.9M	1.30	5.93	N/A	N/A	3,383	4,389	141,992	136,916
2018-12-28	$91.69	$95.00	34.2%	9.9%	32.6%	67.2%	34.7%	5.3%	-1.1%	3.3M	5.8M	-2.8M	1.62	4.59	N/A	N/A	5,420	8,777	143,566	137,739
2018-12-31	$92.04	$95.00	31.5%	9.5%	32.4%	56.9%	33.1%	4.1%	0.1%	1.7M	10.8M	-2.7M	0.85	3.78	N/A	N/A	3,259	2,761	141,313	137,241