LOW Options History — April 2020

In April 2020, LOW traded between $79.60 and $106.53. ATM implied volatility averaged 54.1%, placing in the 32.5% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded below realized volatility by 42.0% (HV 20d: 96.1%). Max pain ranged from $80.00 to $100.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.75.

Notable Days

  • 2020-04-15: Highest Volume — 31,078 contracts
  • 2020-04-08: Largest IV drop — 24.6% change
  • 2020-04-01: Highest IV Rank — 43.0%
  • 2020-04-01: Largest Expected Move — 21.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$94.74$79.60$106.53$79.60$104.67
Max Pain$87.83$80.00$100.00$100.00$91.00
ATM IV54.1%43.5%66.0%66.0%49.4%
Expected Move14.1%9.9%21.0%21.0%10.7%
HV 20d96.1%48.2%136.8%135.9%48.2%
HV 60d86.2%82.8%88.0%82.8%87.9%
IV Rank32.5%23.2%43.0%43.0%28.4%
IV Percentile90.8%86.5%94.8%94.8%87.7%
Term Structure1.2%-14.3%15.3%5.4%-3.6%
VWIV50.4%35.6%71.4%71.4%38.1%
Skew 25d13.6%2.7%32.0%2.7%3.8%
Skew 10d31.6%9.2%48.0%35.1%27.8%
Call IV 25d46.0%25.8%67.7%67.7%49.9%
Put IV 25d59.6%44.3%73.3%70.4%53.7%
Bid-Ask Spread %25.049.9556.8856.8818.82
Gamma HHI0.140.040.500.090.07
Net GEX5.3M129.8K16.9M129.8K7.4M
Net DEX25.1M-200.9M267.8M267.8M-166.9M
Net VEX-1.8M-2.1M-1.3M-1.3M-2.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.131.511.480.93
Total Volume9,017.2863,78731,0785,0745,107
Total OI167,967.905125,535201,290182,440147,781

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$79.60$100.0066.0%21.0%135.9%43.0%71.4%2.7%5.4%129.8K267.8M-1.3M1.4856.88N/AN/A2,0473,027111,80170,639
2020-04-02$82.35$80.0065.2%18.0%136.5%42.3%61.3%24.8%-1.4%658.1K248.5M-1.4M0.6934.33N/AN/A2,6901,857112,69471,827
2020-04-03$81.76$80.0062.6%17.7%136.4%40.0%59.3%13.8%4.2%623.1K246.6M-1.4M0.7632.76N/AN/A3,1462,376114,33671,805
2020-04-06$88.62$80.0058.4%14.8%136.8%36.3%48.0%32.0%-7.0%2.5M186.7M-1.5M0.2728.48N/AN/A9,7322,623111,45772,067
2020-04-07$92.27$80.0057.7%14.6%134.5%35.7%53.8%23.2%-8.5%7.2M69.0M-1.8M1.0341.44N/AN/A5,1945,354117,35473,241
2020-04-08$94.18$87.5043.5%13.7%134.3%23.2%53.1%14.9%6.5%9.6M31.9M-1.9M1.5119.78N/AN/A2,6053,921119,16074,951
2020-04-09$95.60$87.5049.1%13.7%131.3%28.1%48.1%11.4%2.1%10.3M-9.3M-1.9M0.6136.42N/AN/A3,4672,106120,23077,818
2020-04-13$95.48$87.5050.3%14.3%131.3%29.2%51.9%13.6%8.0%10.4M10.2M-1.8M0.5237.14N/AN/A2,8971,519118,39475,615
2020-04-14$99.17$87.5045.4%12.8%104.8%24.9%51.7%11.8%11.7%16.9M-121.7M-1.9M1.2226.32N/AN/A4,2235,156119,95376,279
2020-04-15$94.51$87.5049.7%14.3%105.8%28.7%52.6%13.6%13.0%9.2M52.1M-1.8M0.1333.44N/AN/A27,5203,558121,57479,716
2020-04-16$92.74$87.5053.1%14.7%85.7%31.6%50.0%13.3%10.0%2.3M102.8M-1.7M1.0819.31N/AN/A3,9234,248104,80280,847
2020-04-17$96.58$87.5052.5%13.7%78.9%31.1%48.3%12.3%15.3%2.8M16.7M-1.8M0.5620.38N/AN/A6,9323,895106,05182,769
2020-04-20$95.69$90.0061.9%14.3%77.5%39.4%50.1%12.2%-7.6%1.9M15.1M-1.8M0.6613.51N/AN/A7,5534,95964,94960,586
2020-04-21$92.77$90.0059.0%15.6%79.2%36.8%55.6%15.5%2.2%641.4K77.2M-1.8M0.7317.42N/AN/A3,3472,45869,09364,841
2020-04-22$95.56$90.0059.8%14.1%67.2%37.5%49.5%24.2%-14.3%2.2M18.6M-1.9M0.4414.34N/AN/A3,5091,52971,24165,917
2020-04-23$95.49$90.0058.6%13.6%58.2%36.5%52.5%15.2%-4.1%2.9M18.6M-1.9M0.9018.19N/AN/A1,9951,79273,32667,216
2020-04-24$99.37$90.0048.3%12.2%58.7%27.5%41.8%7.2%2.1%4.5M-76.1M-1.9M0.2811.23N/AN/A10,0832,79074,27068,403
2020-04-27$102.34$90.0048.2%11.4%59.2%27.3%42.9%8.4%-2.3%5.0M-109.0M-2.0M0.539.96N/AN/A7,1393,77269,85463,124
2020-04-28$104.17$90.0048.8%11.1%59.3%27.9%41.6%8.7%-3.2%6.8M-151.6M-2.0M1.059.95N/AN/A4,8815,12573,03764,976
2020-04-29$106.53$91.0048.4%9.9%57.5%27.5%35.6%3.7%-3.9%7.2M-200.9M-2.1M0.4525.82N/AN/A6,4132,89574,11569,217
2020-04-30$104.67$91.0049.4%10.7%48.2%28.4%38.1%3.8%-3.6%7.4M-166.9M-2.1M0.9318.82N/AN/A2,6532,45477,48970,292