LOW Options History — March 2020

In March 2020, LOW traded between $62.32 and $113.06. ATM implied volatility averaged 70.0%, placing in the 70.4% IV rank vs the trailing year. The 30-day expected move averaged 19.9%. IV traded below realized volatility by 21.1% (HV 20d: 91.1%). Max pain ranged from $100.00 to $118.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.96.

Notable Days

  • 2020-03-02: Highest Volume — 13,373 contracts
  • 2020-03-12: Largest IV spike — 42.3% change
  • 2020-03-06: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 37.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$88.90$62.32$113.06$109.72$86.15
Max Pain$102.41$100.00$118.00$118.00$100.00
ATM IV70.0%32.2%130.9%33.8%62.7%
Expected Move19.9%9.1%37.5%10.5%14.2%
HV 20d91.1%42.7%137.5%43.0%134.9%
HV 60d55.9%27.3%81.4%27.4%81.4%
IV Rank70.4%40.1%100.0%53.4%40.1%
IV Percentile97.3%87.3%100.0%89.3%94.4%
Term Structure-3.2%-18.2%7.0%-1.1%-4.4%
VWIV70.5%33.2%109.2%39.6%69.0%
Skew 25d22.8%9.8%42.7%10.6%28.4%
Skew 10d40.4%14.1%86.2%18.3%34.2%
Call IV 25d57.9%27.6%105.8%30.0%48.2%
Put IV 25d80.7%37.6%148.4%40.6%76.6%
Bid-Ask Spread %42.3110.8189.0010.8174.56
Gamma HHI0.120.060.240.110.20
Net GEX2.0M-939.7K10.8M5.6M1.0M
Net DEX177.1M-170.5M358.7M-44.5M222.1M
Net VEX-1.7M-2.5M-732.4K-2.4M-1.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.223.200.630.35
Total Volume8,174.9095,20113,37313,3736,124
Total OI180,876.864164,993189,476178,399178,467

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$109.72$118.0033.8%10.5%43.0%53.4%39.6%10.6%-1.1%5.6M-44.5M-2.4M0.6310.81N/AN/A8,2025,171109,71568,684
2020-03-03$109.63$118.0035.8%11.2%42.7%59.8%39.8%14.2%0.1%6.0M-41.9M-2.4M0.5820.04N/AN/A6,1343,575112,90270,716
2020-03-04$113.06$117.0032.2%9.1%43.8%48.2%33.2%9.8%-1.8%10.8M-170.5M-2.5M0.4413.08N/AN/A5,3142,363115,74671,260
2020-03-05$107.47$100.0042.4%12.1%46.0%80.9%41.9%13.0%-2.4%5.0M-3.0M-2.5M1.5419.12N/AN/A2,8664,415115,92371,759
2020-03-06$104.72$100.0053.5%13.4%46.5%100.0%50.0%19.8%-4.5%2.9M61.8M-2.5M1.8027.13N/AN/A3,8056,833116,84572,631
2020-03-09$95.47$100.0063.9%17.9%55.3%100.0%56.1%18.8%1.8%891.1K226.4M-2.1M0.9420.05N/AN/A3,0142,820108,41572,579
2020-03-10$103.09$100.0053.8%15.2%63.7%78.4%55.5%16.3%-0.1%2.3M87.1M-2.4M0.9622.78N/AN/A4,2664,103108,73472,591
2020-03-11$99.25$100.0056.3%16.4%63.8%83.6%67.1%17.5%0.1%1.5M150.2M-2.3M0.6319.83N/AN/A5,5063,462109,80973,330
2020-03-12$91.77$100.0080.0%22.6%67.1%100.0%87.7%23.6%2.3%1.1M231.3M-2.1M3.2029.22N/AN/A1,8966,064112,71873,552
2020-03-13$93.17$100.0079.0%20.9%67.9%98.4%74.9%28.6%-9.7%1.2M228.5M-2.0M0.8029.66N/AN/A5,5874,471113,14472,606
2020-03-16$75.40$100.00108.0%30.6%97.0%100.0%98.1%33.5%-10.2%-125.3K333.1M-1.3M0.8343.99N/AN/A3,5512,934111,76271,468
2020-03-17$72.97$100.00101.9%29.2%96.9%93.3%95.2%39.1%-2.5%-490.9K358.7M-1.0M0.4633.72N/AN/A5,6602,590113,46871,270
2020-03-18$62.32$100.00130.9%37.5%106.9%100.0%109.2%42.7%-12.1%-518.9K330.8M-750.2K1.3041.75N/AN/A5,7977,530115,48869,166
2020-03-19$69.74$100.0096.5%28.4%117.3%69.8%91.9%38.0%-18.2%-274.9K313.7M-1.1M0.6863.65N/AN/A5,8183,944117,67870,328
2020-03-20$67.58$100.0071.0%20.3%117.1%47.4%84.6%24.7%7.0%-939.7K352.2M-770.3K1.1989.00N/AN/A2,6743,169116,26770,595
2020-03-23$67.53$100.0075.0%23.7%117.4%50.9%86.2%24.7%2.4%-819.7K311.5M-732.4K0.7554.81N/AN/A2,9712,230100,50264,491
2020-03-24$76.87$100.0070.4%19.1%130.3%46.9%73.6%13.1%-6.1%-244.6K286.2M-1.1M0.7768.47N/AN/A3,8332,935101,32265,376
2020-03-25$85.06$100.0076.4%23.0%137.1%52.2%79.0%13.5%-4.7%1.4M190.5M-1.6M0.6065.74N/AN/A5,4013,222102,71466,970
2020-03-26$87.81$100.0071.3%21.4%137.5%47.7%66.6%29.6%-0.1%1.9M170.7M-1.7M0.2264.19N/AN/A5,7601,245105,01469,232
2020-03-27$87.94$100.0073.7%21.9%136.7%49.7%72.8%17.4%0.2%1.9M148.6M-1.8M0.5657.11N/AN/A4,6742,601108,66569,725
2020-03-30$89.05$100.0072.0%20.4%134.7%48.3%78.5%25.4%-7.2%2.7M151.7M-1.8M1.9962.05N/AN/A1,7803,538107,67367,991
2020-03-31$86.15$100.0062.7%14.2%134.9%40.1%69.0%28.4%-4.4%1.0M222.1M-1.5M0.3574.56N/AN/A4,5211,603108,48169,986