LOW Options History — September 2019

In September 2019, LOW traded between $109.66 and $114.94. ATM implied volatility averaged 21.6%, placing in the 17.9% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded below realized volatility by 10.4% (HV 20d: 32.0%). Max pain ranged from $100.00 to $105.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 1.16.

Notable Days

  • 2019-09-27: Highest Volume — 32,967 contracts
  • 2019-09-24: Largest IV spike — 9.9% change
  • 2019-09-03: Highest IV Rank — 34.6%
  • 2019-09-03: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$112.31$109.66$114.94$111.29$109.85
Max Pain$100.75$100.00$105.00$105.00$105.00
ATM IV21.6%19.7%25.0%25.0%22.2%
Expected Move6.1%5.6%7.3%7.3%6.2%
HV 20d32.0%13.2%42.9%42.5%13.2%
HV 60d29.0%28.4%29.6%29.3%28.4%
IV Rank17.9%10.2%34.6%34.6%18.9%
IV Percentile26.8%16.7%45.2%45.2%29.8%
Term Structure0.2%-0.7%1.6%-0.3%0.2%
VWIV22.6%18.4%27.0%25.5%21.7%
Skew 25d3.6%2.8%4.4%4.4%4.0%
Skew 10d7.3%5.9%8.4%7.4%7.5%
Call IV 25d20.1%18.2%23.0%23.0%20.6%
Put IV 25d23.7%21.5%27.4%27.4%24.5%
Bid-Ask Spread %3.382.614.414.033.05
Gamma HHI0.140.120.180.120.16
Net GEX28.8M25.0M34.9M27.9M26.7M
Net DEX-865.4M-1.10B-581.6M-857.3M-595.5M
Net VEX-2.5M-3.0M-2.3M-2.9M-3.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.132.071.270.70
Total Volume13,220.35,68132,96719,5085,681
Total OI232,946.05211,058243,172231,907235,194

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$111.29$105.0025.0%7.3%42.5%34.6%25.5%4.4%-0.3%27.9M-857.3M-2.9M1.274.03N/AN/A8,57810,930140,67491,233
2019-09-04$111.85$105.0022.9%6.8%42.5%23.9%23.8%4.0%0.4%26.2M-900.0M-2.8M0.993.08N/AN/A7,8037,707142,71595,804
2019-09-05$114.46$100.0022.3%6.3%42.9%21.5%23.1%3.7%0.1%31.4M-1.09B-2.6M0.753.44N/AN/A8,7956,572143,70093,823
2019-09-06$114.70$100.0021.8%6.3%42.8%19.2%23.3%2.8%0.2%34.9M-1.10B-2.6M0.483.85N/AN/A9,7364,700144,78694,894
2019-09-09$114.88$100.0021.8%6.4%42.2%19.5%23.0%3.6%0.8%30.7M-1.04B-2.5M0.843.31N/AN/A4,5803,863139,96889,327
2019-09-10$114.94$100.0022.1%6.4%40.2%20.8%23.3%3.4%0.2%32.3M-1.06B-2.5M1.313.19N/AN/A4,6086,027142,09590,294
2019-09-11$113.26$100.0021.4%6.0%41.1%17.8%22.2%3.2%-0.7%29.5M-950.2M-2.5M1.783.05N/AN/A4,4777,988142,61192,715
2019-09-12$114.27$100.0020.3%5.9%38.8%13.1%21.9%2.9%-0.0%33.0M-1.01B-2.4M1.452.61N/AN/A3,0844,474143,55194,154
2019-09-13$113.42$100.0019.7%5.6%38.9%10.3%21.8%2.8%-0.1%28.9M-967.3M-2.4M1.533.06N/AN/A3,9906,112144,52095,526
2019-09-16$112.60$100.0020.3%5.8%39.4%13.0%22.1%3.6%1.0%29.3M-893.6M-2.4M0.862.87N/AN/A3,5273,040138,68791,340
2019-09-17$112.67$100.0020.0%5.7%39.4%11.8%21.2%3.5%1.3%29.5M-901.9M-2.4M2.053.05N/AN/A2,0004,091139,49892,475
2019-09-18$112.69$100.0019.7%5.6%38.7%10.2%21.3%3.6%1.6%28.7M-912.8M-2.3M1.904.18N/AN/A2,5434,823140,17293,096
2019-09-19$111.84$100.0020.2%5.8%21.2%12.5%18.4%3.5%-0.1%27.7M-864.4M-2.3M1.073.28N/AN/A5,5265,932140,74795,226
2019-09-20$111.49$100.0021.0%6.0%21.3%16.0%19.8%3.4%0.7%26.6M-841.7M-2.4M1.603.34N/AN/A3,7726,017144,28398,889
2019-09-23$110.69$100.0021.0%5.8%20.3%16.0%20.5%3.5%0.1%26.9M-698.5M-2.3M0.832.87N/AN/A6,3945,326129,32281,736
2019-09-24$110.08$100.0023.1%6.4%20.3%22.5%21.8%3.7%-0.5%26.4M-651.5M-2.5M1.283.13N/AN/A4,7526,081134,32686,127
2019-09-25$110.81$100.0022.0%6.0%20.4%17.7%24.8%3.6%-0.1%28.2M-708.6M-2.5M2.074.35N/AN/A6,00912,420136,25386,031
2019-09-26$110.84$100.0021.8%6.0%19.5%17.1%27.0%3.9%0.1%26.0M-685.8M-2.6M0.133.39N/AN/A25,9843,497139,17395,076
2019-09-27$109.66$100.0022.8%6.3%13.3%21.5%26.4%4.1%0.1%25.0M-581.6M-2.9M0.244.41N/AN/A26,6306,337142,46796,413
2019-09-30$109.85$105.0022.2%6.2%13.2%18.9%21.7%4.0%0.2%26.7M-595.5M-3.0M0.703.05N/AN/A3,3362,345140,83394,361