LOW Options History — March 2019

In March 2019, LOW traded between $99.12 and $109.30. ATM implied volatility averaged 20.7%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded below realized volatility by 0.9% (HV 20d: 21.6%). Max pain ranged from $100.00 to $105.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.11.

Notable Days

  • 2019-03-14: Highest Volume — 19,990 contracts
  • 2019-03-22: Largest IV spike — 9.9% change
  • 2019-03-08: Highest IV Rank — 29.5%
  • 2019-03-07: Largest Expected Move — 6.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$103.57$99.12$109.30$104.23$109.30
Max Pain$101.67$100.00$105.00$100.00$105.00
ATM IV20.7%18.8%23.8%21.4%19.0%
Expected Move6.0%5.4%6.7%6.1%5.6%
HV 20d21.6%18.5%24.1%21.0%18.5%
HV 60d25.5%23.3%28.1%28.1%23.5%
IV Rank16.4%8.6%29.5%19.5%9.3%
IV Percentile23.3%8.7%38.9%26.6%11.9%
Term Structure0.2%-1.1%1.2%0.0%-0.0%
VWIV21.3%18.8%23.9%21.7%20.1%
Skew 25d3.4%3.0%3.9%3.8%3.1%
Skew 10d7.1%4.5%8.6%7.4%6.7%
Call IV 25d19.3%17.5%22.8%19.9%17.7%
Put IV 25d22.7%20.6%26.2%23.7%20.8%
Bid-Ask Spread %3.602.935.503.184.45
Gamma HHI0.110.070.250.250.15
Net GEX6.7M-5.6M14.6M-5.6M12.7M
Net DEX-367.2M-609.2M-159.0M-422.3M-609.2M
Net VEX-2.0M-2.1M-1.9M-1.9M-1.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.512.241.131.00
Total Volume12,507.4295,88519,99018,55011,598
Total OI182,623.571168,678203,085198,549189,984

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$104.23$100.0021.4%6.1%21.0%19.5%21.7%3.8%0.0%-5.6M-422.3M-1.9M1.133.18N/AN/A8,6959,85597,026101,523
2019-03-04$103.06$100.0022.2%6.4%21.6%22.9%22.9%3.5%-0.3%5.8M-352.0M-2.0M1.073.78N/AN/A4,0884,39286,63882,040
2019-03-05$103.42$100.0021.6%5.9%21.6%20.4%21.2%3.3%-0.2%6.2M-366.8M-2.0M1.784.46N/AN/A4,0007,12687,92683,671
2019-03-06$102.58$100.0021.6%5.8%21.9%20.2%21.2%3.1%-0.0%4.3M-327.8M-2.0M2.223.63N/AN/A3,4357,62388,67788,309
2019-03-07$100.58$100.0023.7%6.7%23.0%29.2%23.9%3.7%-1.1%1.2M-230.2M-2.0M2.243.26N/AN/A4,59710,31088,99588,167
2019-03-08$99.12$100.0023.8%6.6%23.7%29.5%23.4%3.4%0.3%1.4M-159.0M-2.0M1.813.63N/AN/A6,71112,15689,78490,233
2019-03-11$100.59$105.0021.9%6.4%24.1%21.5%22.4%3.3%0.3%2.5M-244.3M-2.0M0.643.56N/AN/A3,6322,34186,95386,736
2019-03-12$101.10$100.0020.2%6.0%24.1%14.4%21.8%3.2%0.4%3.5M-268.4M-1.9M0.513.18N/AN/A8,8734,54388,97488,181
2019-03-13$101.15$100.0019.7%6.0%22.3%12.3%21.4%3.3%1.2%6.1M-285.4M-2.0M0.833.05N/AN/A8,8287,29294,08490,149
2019-03-14$100.92$100.0019.9%5.9%20.8%13.0%21.7%3.4%0.7%5.7M-272.8M-2.0M1.623.24N/AN/A7,63612,35497,93094,517
2019-03-15$100.24$100.0018.9%5.7%20.9%8.7%18.8%3.0%0.2%2.8M-231.8M-2.1M0.682.93N/AN/A9,9556,790101,289101,796
2019-03-18$101.81$100.0018.8%5.7%20.1%8.6%20.0%3.1%-0.0%6.2M-289.7M-2.0M1.023.11N/AN/A4,1404,21391,49184,762
2019-03-19$103.22$100.0019.5%5.4%20.4%11.4%20.1%3.5%0.4%9.8M-347.8M-2.1M0.683.73N/AN/A7,9275,35391,12585,945
2019-03-20$103.90$100.0019.8%5.7%20.5%12.6%20.5%3.3%0.3%10.7M-380.8M-2.0M0.925.50N/AN/A7,0746,51291,69187,598
2019-03-21$106.35$100.0019.3%5.7%22.2%10.3%20.0%3.3%0.4%13.8M-499.7M-2.0M0.623.20N/AN/A11,4717,16593,29989,995
2019-03-22$105.31$105.0021.2%6.2%22.3%18.4%21.5%3.7%-1.0%9.5M-439.8M-2.1M0.934.18N/AN/A6,5246,07194,94491,884
2019-03-25$106.27$105.0022.3%6.4%22.2%23.1%22.5%3.9%0.1%9.2M-453.7M-2.1M1.043.37N/AN/A2,8833,00292,58288,250
2019-03-26$105.90$105.0020.5%6.1%22.2%15.8%20.5%3.3%0.2%7.9M-443.0M-2.1M0.623.41N/AN/A4,4202,75393,63090,139
2019-03-27$107.59$105.0019.6%5.7%20.6%11.6%21.2%3.7%1.2%11.8M-523.4M-2.0M0.903.75N/AN/A4,7824,30994,99990,960
2019-03-28$108.35$105.0019.8%5.7%18.7%12.6%20.5%3.8%0.5%14.6M-563.1M-2.0M0.982.96N/AN/A3,6473,58096,39191,828
2019-03-29$109.30$105.0019.0%5.6%18.5%9.3%20.1%3.1%-0.0%12.7M-609.2M-1.9M1.004.45N/AN/A5,8025,79696,94893,036