LOW Options History — May 2020

In May 2020, LOW traded between $104.15 and $129.50. ATM implied volatility averaged 41.8%, placing in the 21.7% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 7.1% (HV 20d: 34.7%). Max pain ranged from $92.50 to $108.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.38.

Notable Days

  • 2020-05-20: Highest Volume — 97,118 contracts
  • 2020-05-20: Largest IV drop — 11.8% change
  • 2020-05-15: Highest IV Rank — 28.1%
  • 2020-05-14: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$115.92$104.15$129.50$104.15$129.50
Max Pain$104.17$92.50$108.00$92.50$108.00
ATM IV41.8%30.0%49.1%49.1%30.9%
Expected Move11.6%8.8%13.9%11.8%9.1%
HV 20d34.7%26.1%48.0%48.0%26.1%
HV 60d87.9%86.2%88.7%87.8%86.2%
IV Rank21.7%11.4%28.1%28.1%12.1%
IV Percentile77.7%56.7%87.3%86.9%63.1%
Term Structure-2.4%-7.8%1.2%-7.8%-0.6%
VWIV39.8%30.9%48.0%43.9%30.9%
Skew 25d4.9%-7.6%15.8%-7.6%5.9%
Skew 10d14.9%-6.3%31.3%31.3%12.0%
Call IV 25d38.7%28.1%51.8%51.8%28.3%
Put IV 25d43.6%34.1%60.5%44.3%34.2%
Bid-Ask Spread %21.515.4343.8711.1612.15
Gamma HHI0.170.070.450.070.23
Net GEX23.7M4.5M68.1M4.5M23.2M
Net DEX-473.8M-881.3M-148.7M-148.7M-708.7M
Net VEX-2.4M-2.6M-2.1M-2.1M-2.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.090.780.730.28
Total Volume29,334.456,20497,1187,75429,956
Total OI190,567.95148,046247,589150,234198,177

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-01$104.15$92.5049.1%11.8%48.0%28.1%43.9%-7.6%-7.8%4.5M-148.7M-2.1M0.7311.16N/AN/A4,4903,26478,42671,808
2020-05-04$106.89$100.0048.0%13.7%47.7%27.2%43.9%5.7%-1.9%5.7M-203.5M-2.1M0.7820.08N/AN/A3,4952,70977,19170,855
2020-05-05$109.71$100.0048.4%13.1%40.9%27.5%44.7%-4.4%-1.4%6.9M-277.6M-2.2M0.3020.94N/AN/A7,5482,30078,73072,333
2020-05-06$110.03$105.0046.2%13.2%39.5%25.6%44.6%5.3%-1.9%7.2M-279.8M-2.2M0.4817.18N/AN/A5,9502,82879,61573,359
2020-05-07$112.09$105.0047.7%12.9%39.4%26.9%42.7%3.8%-4.4%8.9M-333.9M-2.2M0.2319.81N/AN/A12,2962,84781,99375,326
2020-05-08$114.05$105.0043.5%11.7%39.5%23.2%38.3%4.9%-7.7%9.9M-383.7M-2.3M0.0943.87N/AN/A38,8433,59285,98676,615
2020-05-11$113.78$105.0046.0%11.9%39.5%25.4%41.0%7.5%-7.1%19.9M-471.0M-2.4M0.1633.77N/AN/A15,1542,365112,57475,623
2020-05-12$111.52$105.0044.8%12.5%39.2%24.4%40.4%-1.9%-0.8%19.6M-406.3M-2.5M0.3325.04N/AN/A10,7323,582123,02976,803
2020-05-13$109.61$105.0047.9%13.6%34.8%27.1%46.1%5.3%-1.2%16.7M-343.8M-2.5M0.3230.12N/AN/A11,6543,688126,77679,206
2020-05-14$109.80$105.0048.3%13.9%33.5%27.4%46.1%3.8%-2.3%17.8M-346.4M-2.5M0.2237.41N/AN/A15,8493,558129,15680,346
2020-05-15$113.27$105.0049.1%13.1%32.5%28.1%48.0%15.8%-4.9%24.2M-507.9M-2.6M0.3936.11N/AN/A15,7336,114135,51082,678
2020-05-18$117.51$105.0045.5%12.9%33.3%25.0%43.3%7.8%-5.4%25.0M-536.4M-2.6M0.3231.67N/AN/A33,62410,657118,67269,935
2020-05-19$117.28$105.0041.2%11.7%30.0%21.2%40.7%6.8%-3.0%30.4M-525.9M-2.6M0.5415.41N/AN/A49,94126,899127,24677,996
2020-05-20$117.19$105.0036.4%10.4%29.5%17.0%35.6%6.6%1.0%42.9M-490.8M-2.6M0.5024.56N/AN/A64,79532,323139,66695,683
2020-05-21$120.55$105.0034.1%9.8%29.9%14.9%34.4%6.2%-0.3%65.5M-751.5M-2.6M0.3717.63N/AN/A33,52212,335148,28099,309
2020-05-22$122.10$105.0033.5%9.5%28.0%14.4%34.2%6.7%0.8%68.1M-881.3M-2.4M0.426.86N/AN/A23,84510,092144,39598,666
2020-05-26$123.59$105.0032.3%9.2%27.1%13.3%32.8%5.8%1.2%22.5M-526.1M-2.4M0.308.00N/AN/A17,6795,31797,85880,267
2020-05-27$127.73$105.0030.0%8.8%28.2%11.4%32.2%7.2%0.3%27.3M-677.7M-2.3M0.495.43N/AN/A16,1437,83399,40683,591
2020-05-28$127.97$108.0032.6%9.3%28.0%13.7%32.8%6.5%-0.5%27.5M-675.8M-2.3M0.3113.07N/AN/A25,2927,84599,72088,554
2020-05-29$129.50$108.0030.9%9.1%26.1%12.1%30.9%5.9%-0.6%23.2M-708.7M-2.3M0.2812.15N/AN/A23,4586,498106,31591,862