LOW Options History — May 2018

In May 2018, LOW traded between $82.58 and $97.42. ATM implied volatility averaged 26.5%, placing in the 39.8% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded below realized volatility by 0.1% (HV 20d: 26.6%). Max pain ranged from $84.50 to $90.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.84.

Notable Days

2018-05-23: Highest Volume — 104,914 contracts
2018-05-23: Largest IV drop — 21.4% change
2018-05-02: Highest IV Rank — 54.7%
2018-05-15: Largest Expected Move — 8.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$88.06	$82.58	$97.42	$82.69	$95.72
Max Pain	$86.00	$84.50	$90.00	$85.00	$90.00
ATM IV	26.5%	20.3%	30.5%	28.6%	20.4%
Expected Move	7.4%	5.7%	8.4%	6.6%	5.8%
HV 20d	26.6%	21.1%	38.7%	24.7%	38.7%
HV 60d	32.5%	31.1%	37.2%	32.8%	33.9%
IV Rank	39.8%	16.7%	54.7%	47.9%	17.2%
IV Percentile	71.7%	33.7%	92.1%	86.5%	34.5%
Term Structure	-0.8%	-1.6%	0.6%	-1.0%	-0.8%
VWIV	26.0%	20.6%	30.7%	23.5%	21.2%
Skew 25d	2.8%	1.6%	3.9%	3.2%	2.5%
Skew 10d	6.0%	3.2%	9.3%	6.8%	4.8%
Call IV 25d	25.3%	19.2%	29.3%	26.8%	19.4%
Put IV 25d	28.1%	21.3%	32.3%	30.1%	21.9%
Bid-Ask Spread %	6.88	3.23	10.21	9.00	6.66
Gamma HHI	0.08	0.07	0.11	0.08	0.10
Net GEX	21.2M	9.3M	35.5M	9.5M	21.6M
Net DEX	-466.6M	-1.11B	-131.9M	-140.1M	-805.8M
Net VEX	-4.1M	-4.3M	-4.0M	-4.0M	-4.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.84	0.34	1.43	0.72	1.03
Total Volume	28,779.591	12,193	104,914	12,193	24,045
Total OI	308,151.273	282,889	348,987	295,738	307,313

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-05-01	$82.69	$85.00	28.6%	6.6%	24.7%	47.9%	23.5%	3.2%	-1.0%	9.5M	-140.1M	-4.0M	0.72	9.00	N/A	N/A	7,072	5,121	193,123	102,615
2018-05-02	$84.00	$84.50	30.5%	6.9%	21.9%	54.7%	24.2%	3.0%	-0.3%	14.7M	-245.8M	-4.1M	0.52	9.86	N/A	N/A	11,191	5,766	194,376	104,327
2018-05-03	$82.58	$85.00	28.8%	7.8%	22.2%	48.3%	26.9%	3.4%	-1.1%	9.3M	-131.9M	-4.0M	0.95	9.11	N/A	N/A	7,355	7,010	197,868	105,470
2018-05-04	$84.35	$85.00	28.0%	7.6%	23.9%	45.6%	26.2%	3.5%	-0.9%	17.6M	-276.7M	-4.1M	1.00	3.81	N/A	N/A	9,764	9,735	198,671	107,352
2018-05-07	$83.78	$85.00	28.2%	7.7%	21.9%	46.0%	27.2%	3.9%	-0.8%	12.1M	-219.4M	-4.0M	0.34	10.21	N/A	N/A	18,722	6,316	195,262	106,562
2018-05-08	$84.14	$85.00	28.5%	7.8%	21.1%	47.4%	27.2%	3.2%	-1.1%	13.0M	-197.6M	-4.0M	0.75	9.48	N/A	N/A	7,301	5,444	188,777	108,654
2018-05-09	$84.32	$85.00	28.8%	7.9%	21.1%	48.5%	27.3%	3.4%	-1.2%	14.8M	-216.4M	-4.0M	0.59	9.21	N/A	N/A	10,630	6,299	190,477	109,902
2018-05-10	$85.09	$85.00	28.8%	8.0%	21.3%	48.4%	27.4%	3.0%	-1.2%	20.1M	-280.9M	-4.1M	0.57	9.00	N/A	N/A	14,828	8,466	192,295	111,891
2018-05-11	$87.23	$85.00	28.9%	7.9%	22.8%	48.8%	28.8%	3.2%	-1.6%	34.6M	-484.3M	-4.3M	0.51	8.83	N/A	N/A	20,547	10,401	198,535	113,607
2018-05-14	$86.53	$85.00	28.8%	8.1%	23.0%	48.5%	28.7%	2.9%	-0.4%	23.5M	-382.7M	-4.1M	0.58	3.85	N/A	N/A	15,287	8,811	193,255	111,382
2018-05-15	$85.55	$85.00	29.6%	8.4%	23.3%	51.3%	28.8%	3.3%	-1.0%	22.1M	-309.5M	-4.1M	0.94	8.41	N/A	N/A	16,700	15,620	198,588	115,212
2018-05-16	$85.46	$85.00	29.1%	8.3%	23.3%	49.6%	29.4%	3.2%	-0.8%	20.4M	-292.5M	-4.1M	0.95	6.15	N/A	N/A	9,131	8,706	200,869	120,222
2018-05-17	$85.43	$85.00	28.6%	8.2%	22.3%	47.6%	30.7%	3.0%	-1.2%	22.5M	-292.3M	-4.0M	0.63	4.17	N/A	N/A	14,386	9,131	201,304	120,788
2018-05-18	$86.31	$85.00	28.1%	8.1%	21.5%	45.8%	29.0%	2.7%	-0.5%	25.9M	-377.6M	-4.0M	0.97	4.66	N/A	N/A	13,591	13,135	199,653	122,625
2018-05-21	$87.36	$85.00	27.3%	8.2%	21.7%	43.0%	29.2%	3.0%	-0.4%	22.4M	-402.0M	-4.1M	1.03	3.23	N/A	N/A	12,126	12,469	183,674	99,215
2018-05-22	$85.99	$85.00	27.0%	8.1%	21.1%	41.7%	28.3%	1.9%	-1.1%	18.6M	-293.2M	-4.0M	1.31	10.20	N/A	N/A	23,399	30,635	186,556	106,156
2018-05-23	$94.48	$85.00	21.2%	6.3%	38.2%	20.3%	22.3%	1.9%	0.4%	33.9M	-967.6M	-4.2M	1.13	7.17	N/A	N/A	49,275	55,639	193,158	119,279
2018-05-24	$96.44	$87.50	20.3%	5.9%	38.2%	16.7%	20.8%	1.6%	0.4%	35.5M	-1.11B	-4.2M	1.43	5.19	N/A	N/A	15,742	22,550	201,911	138,045
2018-05-25	$96.59	$90.00	20.4%	5.8%	38.3%	17.1%	20.6%	1.7%	0.6%	31.5M	-1.11B	-4.3M	0.57	3.43	N/A	N/A	28,470	16,356	203,699	145,288
2018-05-29	$95.80	$90.00	21.9%	6.3%	37.7%	23.0%	22.7%	2.4%	-1.0%	20.3M	-802.6M	-4.1M	1.13	3.86	N/A	N/A	9,631	10,880	176,153	117,597
2018-05-30	$97.42	$90.00	20.9%	5.7%	37.8%	19.0%	22.0%	2.6%	-1.6%	22.1M	-933.1M	-4.0M	0.90	5.90	N/A	N/A	13,433	12,035	177,887	119,735
2018-05-31	$95.72	$90.00	20.4%	5.8%	38.7%	17.2%	21.2%	2.5%	-0.8%	21.6M	-805.8M	-4.1M	1.03	6.66	N/A	N/A	11,820	12,225	182,796	124,517