LOW Options History — January 2019

In January 2019, LOW traded between $91.16 and $97.51. ATM implied volatility averaged 26.7%, placing in the 38.2% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 3.7% (HV 20d: 30.4%). Max pain ranged from $90.00 to $95.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 1.18.

Notable Days

  • 2019-01-18: Highest Volume — 28,410 contracts
  • 2019-01-28: Largest IV spike — 19.8% change
  • 2019-01-30: Highest IV Rank — 57.3%
  • 2019-01-02: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$94.30$91.16$97.51$92.08$96.03
Max Pain$92.38$90.00$95.00$95.00$92.50
ATM IV26.7%20.9%31.6%30.8%31.4%
Expected Move7.3%6.0%9.1%9.1%8.2%
HV 20d30.4%27.6%32.8%32.4%30.4%
HV 60d31.4%30.7%33.0%30.8%31.1%
IV Rank38.2%15.9%57.3%53.9%56.4%
IV Percentile53.6%23.8%81.3%79.0%79.0%
Term Structure1.2%-2.1%8.3%1.7%-1.9%
VWIV25.9%20.4%31.8%31.8%30.1%
Skew 25d4.9%3.7%7.2%5.6%5.5%
Skew 10d10.6%7.8%15.6%15.6%10.1%
Call IV 25d24.8%19.8%30.3%30.3%29.1%
Put IV 25d29.7%23.6%36.0%35.9%34.5%
Bid-Ask Spread %3.572.754.534.042.83
Gamma HHI0.130.090.500.090.11
Net GEX5.5M-31.5M15.6M2.0M11.1M
Net DEX-173.9M-414.7M96.8M14.1M-244.5M
Net VEX-2.3M-2.6M-2.1M-2.6M-2.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.512.810.591.28
Total Volume12,900.2864,10628,4108,84314,815
Total OI241,585.476141,577299,765283,752173,464

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$92.08$95.0030.8%9.1%32.4%53.9%31.8%5.6%1.7%2.0M14.1M-2.6M0.594.04N/AN/A5,5593,284144,604139,148
2019-01-03$91.30$90.0031.6%8.8%28.8%57.0%31.0%6.2%0.1%1.9M29.0M-2.6M0.933.15N/AN/A4,3684,075146,212137,444
2019-01-04$93.77$90.0028.7%7.9%30.2%45.8%30.8%7.2%-0.0%6.3M-135.0M-2.6M1.143.39N/AN/A5,4716,246148,474138,873
2019-01-07$96.08$92.5028.4%8.1%31.2%44.7%27.2%5.1%-0.4%9.1M-291.9M-2.6M0.593.83N/AN/A3,1911,884147,426139,854
2019-01-08$97.51$92.5026.5%7.5%31.3%37.5%26.0%4.4%-0.1%14.0M-414.7M-2.5M0.664.23N/AN/A7,7195,058149,638139,385
2019-01-09$96.98$92.5026.3%7.4%31.2%36.7%26.3%4.6%-0.5%15.6M-388.4M-2.5M1.754.06N/AN/A4,2157,358152,711139,740
2019-01-10$95.92$92.5026.7%7.6%31.7%38.3%26.5%5.3%0.5%11.0M-283.5M-2.5M1.863.31N/AN/A4,0007,436152,831142,043
2019-01-11$97.24$92.5024.1%6.9%30.4%28.3%24.5%4.2%-0.2%13.9M-405.0M-2.4M1.092.86N/AN/A6,4437,000153,813143,912
2019-01-14$96.87$92.5023.8%6.8%29.8%27.1%24.2%4.5%-0.2%14.4M-365.6M-2.3M1.033.17N/AN/A2,2042,271152,924141,905
2019-01-15$94.83$92.5022.6%6.5%30.5%22.5%21.6%4.5%-0.2%7.1M-195.3M-2.2M1.902.94N/AN/A8,22215,619153,198143,252
2019-01-16$94.09$92.5022.4%6.4%27.6%21.6%23.0%4.3%0.4%4.2M-121.8M-2.2M2.812.75N/AN/A3,2609,165152,397146,167
2019-01-17$91.73$92.5023.2%6.6%28.2%24.6%23.4%4.2%0.7%2.1M96.8M-2.1M1.094.09N/AN/A7,6188,340152,416145,884
2019-01-18$94.87$92.5020.9%6.0%29.7%15.9%20.4%3.8%-0.5%-31.5M-205.1M-2.1M0.512.93N/AN/A18,7659,645153,345146,420
2019-01-22$91.16$92.5025.0%7.4%32.8%31.8%25.9%5.3%6.6%2.2M-36.4M-2.1M1.483.46N/AN/A7,31110,84678,40063,177
2019-01-23$91.97$92.5024.5%7.2%32.6%29.8%26.3%4.2%7.4%1.2M-52.9M-2.2M1.194.03N/AN/A7,1628,51180,95770,256
2019-01-24$91.83$92.5025.2%7.1%32.0%32.6%24.8%4.5%8.1%48.3K-42.2M-2.2M0.863.65N/AN/A4,7594,08682,91474,963
2019-01-25$93.78$92.5025.3%6.4%29.1%32.8%22.4%3.7%8.3%9.0M-141.4M-2.2M0.853.72N/AN/A7,1636,09684,26075,362
2019-01-28$93.08$92.5030.3%7.1%29.2%52.1%25.5%5.3%-1.6%5.5M-109.4M-2.2M0.763.76N/AN/A2,3311,77583,29773,999
2019-01-29$93.42$92.5031.3%6.9%29.2%56.0%26.0%5.2%-1.7%5.9M-125.0M-2.3M1.404.27N/AN/A5,1167,14485,19675,509
2019-01-30$95.77$92.5031.6%6.7%30.4%57.3%25.6%5.1%-2.1%10.8M-233.7M-2.3M1.024.53N/AN/A7,6197,75687,15480,371
2019-01-31$96.03$92.5031.4%8.2%30.4%56.4%30.1%5.5%-1.9%11.1M-244.5M-2.3M1.282.83N/AN/A6,5088,30789,70983,755