LOW Options History — February 2020

In February 2020, LOW traded between $103.49 and $126.61. ATM implied volatility averaged 33.1%, placing in the 66.8% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 9.8% (HV 20d: 23.3%). Max pain ranged from $120.00 to $125.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.82.

Notable Days

  • 2020-02-26: Highest Volume — 51,492 contracts
  • 2020-02-26: Largest IV drop — 30.1% change
  • 2020-02-25: Highest IV Rank — 100.0%
  • 2020-02-28: Largest Expected Move — 14.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$120.50$103.49$126.61$117.64$103.49
Max Pain$120.74$120.00$125.00$121.00$120.00
ATM IV33.1%29.5%48.4%31.7%48.4%
Expected Move9.0%5.9%14.8%6.3%14.8%
HV 20d23.3%19.0%36.9%19.0%36.9%
HV 60d18.0%15.9%24.7%16.6%24.7%
IV Rank66.8%50.2%100.0%64.8%100.0%
IV Percentile87.8%77.8%100.0%90.1%100.0%
Term Structure-1.7%-3.2%-0.4%-1.5%-1.7%
VWIV31.3%20.8%50.7%22.4%50.7%
Skew 25d4.9%3.6%8.2%4.5%8.2%
Skew 10d10.2%6.4%25.0%8.2%25.0%
Call IV 25d30.9%28.1%45.6%29.6%45.6%
Put IV 25d35.8%31.7%53.8%34.1%53.8%
Bid-Ask Spread %7.884.8116.675.1716.67
Gamma HHI0.130.070.300.090.12
Net GEX16.0M-3.8M33.4M5.7M3.4M
Net DEX-420.4M-750.9M185.1M-245.0M185.1M
Net VEX-2.6M-2.8M-2.3M-2.7M-2.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.251.450.500.86
Total Volume15,976.6846,46351,4927,91323,483
Total OI186,195.842170,417207,273173,162200,579

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$117.64$121.0031.7%6.3%19.0%64.8%22.4%4.5%-1.5%5.7M-245.0M-2.7M0.505.17N/AN/A5,2632,650101,48771,675
2020-02-04$119.82$121.0031.1%5.9%20.2%62.1%20.8%4.7%-1.5%11.9M-353.7M-2.7M1.034.81N/AN/A4,4424,586102,32672,980
2020-02-05$122.20$120.0031.6%5.9%21.3%64.4%21.2%4.4%-1.8%18.8M-494.4M-2.7M0.805.24N/AN/A5,2634,193103,98874,983
2020-02-06$121.78$120.0031.0%8.2%20.5%61.7%28.5%4.3%-1.8%18.6M-476.9M-2.7M0.746.38N/AN/A4,6683,446104,65476,310
2020-02-07$121.59$120.0030.8%8.2%20.5%60.6%28.4%4.0%-1.6%15.0M-456.2M-2.7M1.2510.49N/AN/A3,3134,136105,56477,237
2020-02-10$120.63$120.0030.7%8.2%20.5%60.2%27.6%4.0%-1.7%9.8M-380.2M-2.6M1.267.45N/AN/A3,0293,819101,79374,909
2020-02-11$122.92$120.0030.6%8.0%21.6%60.1%28.1%4.2%-2.3%17.8M-515.2M-2.6M0.709.07N/AN/A4,5143,149103,24076,948
2020-02-12$125.06$120.0030.1%8.0%22.1%57.5%28.8%4.5%-2.0%25.1M-643.4M-2.6M0.696.49N/AN/A5,8494,024104,73178,111
2020-02-13$124.59$120.0030.2%8.2%22.0%58.2%29.5%4.3%-1.7%25.8M-604.5M-2.7M1.234.92N/AN/A2,8933,570106,32179,275
2020-02-14$125.01$120.0029.5%8.1%22.0%55.2%28.5%4.0%-1.7%32.8M-650.2M-2.6M1.455.36N/AN/A5,2547,605106,36380,079
2020-02-18$123.43$120.0029.5%8.4%21.0%55.2%29.7%3.6%-0.7%15.3M-513.7M-2.6M0.925.90N/AN/A4,6274,260104,62377,741
2020-02-19$123.52$120.0029.6%8.5%20.6%55.7%29.8%3.8%-1.5%12.5M-523.3M-2.5M0.257.55N/AN/A12,0372,975105,83880,393
2020-02-20$126.61$120.0031.0%9.0%22.2%61.6%31.2%4.3%-2.3%28.9M-750.9M-2.5M0.556.76N/AN/A14,4447,875113,10882,051
2020-02-21$125.42$120.0032.5%9.4%22.4%68.2%32.9%4.6%-1.4%33.4M-700.0M-2.7M0.405.87N/AN/A11,2374,534118,57084,790
2020-02-24$123.72$125.0038.0%11.5%21.3%92.6%40.7%6.5%-2.3%19.5M-522.1M-2.7M0.465.57N/AN/A14,3376,568106,76663,651
2020-02-25$119.20$124.0043.2%13.4%25.4%100.0%45.5%7.8%-3.2%15.6M-367.2M-2.8M0.8614.66N/AN/A23,09619,820114,63867,486
2020-02-26$114.05$123.0030.2%9.1%29.4%50.2%31.3%5.7%-0.4%-2.7M-60.2M-2.5M0.608.01N/AN/A32,15119,341126,99480,279
2020-02-27$108.88$120.0038.4%11.4%33.2%81.6%38.7%5.7%-1.9%-3.8M85.3M-2.4M1.0913.39N/AN/A8,1898,917128,53578,705
2020-02-28$103.49$120.0048.4%14.8%36.9%100.0%50.7%8.2%-1.7%3.4M185.1M-2.3M0.8616.67N/AN/A12,62910,854124,14876,431