LOW Options History — April 2019

In April 2019, LOW traded between $109.03 and $117.40. ATM implied volatility averaged 21.6%, placing in the 20.1% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 4.4% (HV 20d: 17.2%). Max pain ranged from $105.00 to $110.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.86.

Notable Days

  • 2019-04-08: Highest Volume — 48,561 contracts
  • 2019-04-22: Largest IV spike — 25.8% change
  • 2019-04-24: Highest IV Rank — 44.5%
  • 2019-04-29: Largest Expected Move — 5.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$113.81$109.03$117.40$109.03$112.69
Max Pain$107.62$105.00$110.00$105.00$110.00
ATM IV21.6%18.1%27.4%19.5%26.9%
Expected Move5.5%5.3%5.7%5.5%5.6%
HV 20d17.2%13.9%19.0%17.9%18.6%
HV 60d21.1%18.6%23.4%23.4%19.1%
IV Rank20.1%5.6%44.5%11.3%42.5%
IV Percentile27.6%4.4%60.3%17.5%56.7%
Term Structure1.0%-1.3%7.0%0.0%-1.1%
VWIV19.7%18.3%21.0%19.3%19.6%
Skew 25d3.7%2.8%5.2%3.5%4.8%
Skew 10d7.9%6.8%10.4%8.1%8.5%
Call IV 25d20.1%16.7%25.5%17.9%24.9%
Put IV 25d23.8%19.7%30.2%21.4%29.7%
Bid-Ask Spread %3.872.984.904.663.49
Gamma HHI0.130.100.180.170.11
Net GEX11.7M3.9M21.5M11.5M10.5M
Net DEX-623.3M-824.7M-374.3M-571.4M-390.0M
Net VEX-2.2M-2.4M-1.8M-1.9M-2.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.091.831.830.53
Total Volume14,449.0954,63148,56141,4144,631
Total OI184,089.143149,040208,711184,020151,497

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$109.03$105.0019.5%5.5%17.9%11.3%19.3%3.5%0.0%11.5M-571.4M-1.9M1.834.66N/AN/A14,61526,79994,55789,463
2019-04-02$109.94$105.0018.7%5.5%18.0%7.9%19.4%4.2%0.5%5.6M-592.6M-1.9M1.284.90N/AN/A6,0037,70199,179102,445
2019-04-03$111.75$105.0018.6%5.6%18.0%7.4%19.5%2.9%0.5%11.2M-689.5M-1.9M1.453.77N/AN/A5,4647,907101,306103,012
2019-04-04$113.03$105.0018.8%5.3%15.8%8.2%20.0%3.0%0.4%15.1M-743.9M-1.9M0.983.74N/AN/A6,0855,985101,492105,036
2019-04-05$114.81$105.0018.4%5.4%14.2%6.7%19.5%3.3%0.5%14.1M-824.7M-1.8M1.124.16N/AN/A6,8517,704102,788105,923
2019-04-08$115.59$105.0019.2%5.7%13.9%10.1%20.3%3.0%0.5%10.6M-792.7M-1.8M0.094.05N/AN/A44,3614,20097,46794,437
2019-04-09$113.19$105.0020.1%5.6%17.1%13.9%21.0%3.4%-0.4%12.0M-661.1M-2.4M1.084.31N/AN/A5,3585,80299,37896,234
2019-04-10$113.65$105.0019.2%5.5%17.0%10.1%20.6%2.8%0.3%12.0M-677.1M-2.4M1.114.43N/AN/A4,9885,52799,92497,374
2019-04-11$115.03$105.0019.0%5.5%16.8%9.1%19.9%3.1%0.4%12.6M-744.9M-2.3M1.083.66N/AN/A4,7665,125101,50699,437
2019-04-12$116.09$105.0018.1%5.4%16.1%5.6%19.0%2.9%1.0%21.5M-801.1M-2.2M0.733.07N/AN/A5,6274,105102,739100,453
2019-04-15$117.01$110.0019.1%5.6%15.8%9.9%19.0%3.7%5.7%13.2M-787.0M-2.2M0.383.70N/AN/A7,3542,79898,68695,984
2019-04-16$116.74$110.0018.5%5.3%15.9%7.2%18.3%3.6%5.8%14.1M-785.7M-2.2M0.733.98N/AN/A5,3573,891100,84696,820
2019-04-17$117.40$110.0019.0%5.5%15.9%9.4%18.5%3.4%5.6%15.2M-812.9M-2.2M1.163.10N/AN/A4,6755,416102,41398,450
2019-04-18$114.03$110.0019.9%5.3%19.0%13.0%19.3%3.2%7.0%3.9M-661.3M-2.4M0.842.98N/AN/A9,5818,030103,47599,746
2019-04-22$113.59$110.0025.0%5.6%18.6%34.5%20.6%4.2%-1.3%9.5M-443.4M-2.3M0.273.97N/AN/A10,9292,94281,77767,855
2019-04-23$113.34$110.0026.0%5.6%18.6%38.6%19.4%5.2%-1.1%10.5M-428.9M-2.4M0.443.75N/AN/A8,2133,64783,46369,887
2019-04-24$114.22$110.0027.4%5.7%18.4%44.5%20.3%4.4%-1.2%11.9M-462.6M-2.4M0.424.11N/AN/A9,0483,76084,31671,203
2019-04-25$114.03$110.0027.3%5.7%18.0%44.2%20.6%4.7%-1.3%11.4M-449.5M-2.4M0.763.94N/AN/A6,1464,66286,17671,617
2019-04-26$112.59$110.0027.2%5.6%18.7%43.5%19.8%4.3%-0.8%10.0M-394.9M-2.4M0.603.70N/AN/A6,7604,05186,36172,110
2019-04-29$112.31$110.0027.4%5.7%18.6%44.3%20.1%4.0%-0.5%9.9M-374.3M-2.4M1.123.70N/AN/A3,1013,46679,85469,186
2019-04-30$112.69$110.0026.9%5.6%18.6%42.5%19.6%4.8%-1.1%10.5M-390.0M-2.4M0.533.49N/AN/A3,0301,60180,67470,823