LOW Options History — July 2019

In July 2019, LOW traded between $101.97 and $108.02. ATM implied volatility averaged 23.0%, placing in the 26.1% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 4.2% (HV 20d: 18.8%). Max pain ranged from $95.00 to $105.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.75.

Notable Days

  • 2019-07-12: Highest Volume — 27,537 contracts
  • 2019-07-22: Largest IV spike — 18.7% change
  • 2019-07-31: Highest IV Rank — 62.2%
  • 2019-07-31: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$103.95$101.97$108.02$102.03$101.97
Max Pain$103.18$95.00$105.00$95.00$105.00
ATM IV23.0%18.0%31.6%19.6%31.6%
Expected Move5.6%5.1%6.3%5.5%6.3%
HV 20d18.8%16.8%21.4%21.0%18.0%
HV 60d36.9%36.7%37.2%37.1%37.0%
IV Rank26.1%4.9%62.2%11.7%62.2%
IV Percentile36.3%3.2%84.5%19.8%84.5%
Term Structure1.6%-1.8%9.5%0.1%-1.6%
VWIV19.6%18.1%21.7%19.5%21.7%
Skew 25d3.2%2.6%3.7%2.9%3.7%
Skew 10d5.9%4.8%7.4%5.3%7.4%
Call IV 25d21.7%17.1%30.0%18.3%30.0%
Put IV 25d24.8%19.7%33.7%21.2%33.7%
Bid-Ask Spread %3.402.526.262.835.32
Gamma HHI0.210.160.270.240.16
Net GEX28.2M20.0M36.4M26.6M24.2M
Net DEX-561.1M-869.9M-314.0M-533.2M-332.2M
Net VEX-3.1M-3.2M-3.0M-3.2M-3.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.241.241.020.43
Total Volume11,500.2736,38827,53711,61915,738
Total OI212,775.727176,817235,161217,990194,561

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$102.03$95.0019.6%5.5%21.0%11.7%19.5%2.9%0.1%26.6M-533.2M-3.2M1.022.83N/AN/A5,7525,867137,63080,360
2019-07-02$102.33$95.0018.5%5.1%18.2%7.4%18.2%3.2%0.1%25.9M-553.6M-3.2M1.242.62N/AN/A3,0233,761139,81281,898
2019-07-03$102.88$95.0018.8%5.1%17.9%8.3%18.1%2.8%-0.1%27.4M-590.2M-3.2M1.013.54N/AN/A3,1723,216140,77082,936
2019-07-05$104.26$100.0018.7%5.5%18.2%8.1%20.2%3.0%-0.1%32.4M-679.3M-3.2M0.803.25N/AN/A5,4474,370141,67783,021
2019-07-08$104.58$100.0018.9%5.6%18.2%8.9%19.3%3.0%0.5%31.1M-679.2M-3.1M0.493.02N/AN/A6,2433,055140,02579,180
2019-07-09$104.74$105.0018.6%5.5%18.0%7.7%19.6%2.8%0.9%30.8M-688.0M-3.1M0.903.21N/AN/A3,4243,073141,44980,369
2019-07-10$103.20$105.0019.2%5.4%19.2%10.1%20.1%2.8%-0.1%28.2M-591.6M-3.1M0.772.69N/AN/A8,7816,786142,28681,193
2019-07-11$105.03$105.0018.1%5.3%19.8%5.5%19.1%2.6%0.5%35.1M-716.6M-3.1M0.812.92N/AN/A6,6795,418145,03583,795
2019-07-12$107.31$105.0018.6%5.5%19.9%7.4%19.3%2.9%0.9%31.2M-856.7M-3.1M0.624.01N/AN/A16,97310,564145,57185,441
2019-07-15$108.02$105.0018.0%5.1%19.5%4.9%18.9%3.0%8.4%31.4M-869.9M-3.1M0.622.52N/AN/A4,9313,081146,64184,352
2019-07-16$106.84$105.0019.1%5.5%20.2%9.6%18.7%3.0%7.6%30.4M-792.1M-3.1M0.983.22N/AN/A4,1674,066147,67285,413
2019-07-17$105.09$105.0019.0%5.4%21.1%9.2%18.8%3.0%8.5%31.9M-676.6M-3.1M0.782.63N/AN/A4,1673,240148,09485,889
2019-07-18$103.95$105.0020.9%5.5%21.4%17.4%19.3%2.9%9.2%30.0M-589.7M-3.0M0.933.52N/AN/A4,4694,175148,15286,150
2019-07-19$102.91$105.0022.6%5.4%19.2%24.2%19.9%2.7%9.5%20.5M-524.5M-3.0M0.986.26N/AN/A5,0064,926148,70586,456
2019-07-22$102.63$105.0026.8%5.5%19.1%41.9%20.1%3.7%-1.1%20.0M-314.0M-3.0M0.733.19N/AN/A6,6874,888115,33461,483
2019-07-23$102.70$105.0028.3%5.7%17.6%48.3%19.8%3.5%-1.1%21.6M-350.2M-3.0M0.373.24N/AN/A13,8005,122118,50264,749
2019-07-24$102.67$105.0029.9%5.7%17.1%55.1%20.2%3.6%-1.2%26.0M-356.5M-3.0M1.123.82N/AN/A5,9606,664123,67265,523
2019-07-25$102.23$105.0030.0%5.7%17.0%55.6%19.7%3.6%-1.5%23.3M-336.3M-3.1M0.843.08N/AN/A5,4934,634124,56465,000
2019-07-26$103.81$105.0029.9%5.7%17.7%55.2%19.7%3.7%-1.4%36.4M-430.8M-3.1M0.563.50N/AN/A10,0165,649125,80665,819
2019-07-29$104.01$105.0030.3%6.1%17.2%56.7%20.4%3.6%-1.5%25.6M-444.8M-3.1M0.243.13N/AN/A7,7751,832120,96964,137
2019-07-30$103.76$105.0030.6%6.1%16.8%58.0%20.7%3.4%-1.8%29.6M-438.5M-3.1M0.283.18N/AN/A8,5342,382125,73065,245
2019-07-31$101.97$105.0031.6%6.3%18.0%62.2%21.7%3.7%-1.6%24.2M-332.2M-3.0M0.435.32N/AN/A10,9984,740128,14466,417