LOW Options History — June 2020

In June 2020, LOW traded between $124.24 and $135.41. ATM implied volatility averaged 33.9%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 4.4% (HV 20d: 29.6%). Max pain ranged from $108.00 to $120.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.65.

Notable Days

  • 2020-06-17: Highest Volume — 27,703 contracts
  • 2020-06-11: Largest IV spike — 24.3% change
  • 2020-06-11: Highest IV Rank — 19.5%
  • 2020-06-12: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$131.15$124.24$135.41$129.58$135.12
Max Pain$115.59$108.00$120.00$108.00$120.00
ATM IV33.9%29.4%39.2%32.8%31.8%
Expected Move9.7%8.5%11.4%9.5%9.0%
HV 20d29.6%24.4%32.1%25.7%31.3%
HV 60d58.1%36.3%85.4%85.4%36.3%
IV Rank14.8%10.8%19.5%13.8%12.9%
IV Percentile67.1%50.8%77.4%67.9%59.5%
Term Structure-0.1%-1.3%1.7%-1.1%0.2%
VWIV34.2%29.4%41.2%34.3%31.0%
Skew 25d7.1%3.8%13.9%6.8%10.5%
Skew 10d15.3%9.3%25.3%11.7%16.7%
Call IV 25d31.2%26.2%36.4%30.0%26.2%
Put IV 25d38.4%33.9%48.7%36.8%36.8%
Bid-Ask Spread %18.625.4540.9413.145.45
Gamma HHI0.100.060.190.150.09
Net GEX15.6M2.3M30.0M19.6M12.6M
Net DEX-521.7M-798.2M-193.8M-636.7M-388.7M
Net VEX-2.6M-2.9M-2.3M-2.3M-2.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.211.230.780.72
Total Volume14,528.3187,01527,70311,7289,160
Total OI190,189.773166,958232,536179,680171,714

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-06-01$129.58$108.0032.8%9.5%25.7%13.8%34.3%6.8%-1.1%19.6M-636.7M-2.3M0.7813.14N/AN/A6,6065,12294,81584,865
2020-06-02$131.22$110.0032.6%9.4%25.1%13.6%32.5%4.5%-1.3%19.8M-694.5M-2.3M0.365.66N/AN/A15,2515,44196,55688,968
2020-06-03$132.34$110.0030.7%8.7%24.4%12.0%31.7%5.0%0.1%24.7M-757.5M-2.3M0.3623.90N/AN/A13,2104,709102,87691,125
2020-06-04$128.02$115.0031.1%8.9%28.7%12.3%31.3%6.1%-0.6%17.4M-545.0M-2.4M0.618.50N/AN/A11,6607,111103,39292,544
2020-06-05$130.54$115.0029.4%8.5%28.7%10.8%29.4%3.8%0.2%30.0M-690.6M-2.3M0.4340.33N/AN/A16,8097,165106,91493,351
2020-06-08$130.43$115.0031.2%8.9%28.6%12.4%32.4%5.6%-0.1%20.7M-643.2M-2.3M0.2113.12N/AN/A14,4393,068103,14687,999
2020-06-09$130.07$115.0032.0%9.0%28.7%13.1%32.1%5.3%-1.0%20.0M-607.3M-2.4M0.659.82N/AN/A5,0873,312105,07789,788
2020-06-10$130.10$115.0031.6%8.9%27.0%12.7%32.4%5.5%-1.0%20.2M-603.8M-2.4M0.6540.94N/AN/A7,4394,802104,70791,566
2020-06-11$124.24$115.0039.2%11.4%32.0%19.5%40.2%9.3%1.5%10.3M-345.1M-2.6M1.1933.37N/AN/A7,8359,317106,98393,461
2020-06-12$126.17$115.0038.5%11.4%32.1%18.8%41.2%13.9%1.7%9.8M-421.2M-2.6M1.2337.26N/AN/A5,0736,236108,20596,930
2020-06-15$127.01$115.0038.9%11.2%30.8%19.2%37.3%8.0%-1.1%14.8M-469.4M-2.5M0.4027.34N/AN/A7,2982,901103,02691,919
2020-06-16$131.28$115.0035.7%10.2%30.4%16.3%35.8%8.0%0.7%21.4M-641.8M-2.4M0.6640.63N/AN/A8,2205,411104,93792,549
2020-06-17$135.41$115.0035.5%10.2%31.5%16.2%34.4%7.8%-0.1%23.9M-798.2M-2.4M0.4115.45N/AN/A19,6558,048104,89394,864
2020-06-18$134.01$115.0035.0%10.0%32.0%15.8%34.8%7.4%0.4%23.9M-726.0M-2.4M0.6518.13N/AN/A11,8987,791108,70798,363
2020-06-19$134.13$115.0033.7%9.5%31.0%14.6%33.6%7.2%1.1%8.3M-716.7M-2.9M0.6215.42N/AN/A9,6995,969120,874111,662
2020-06-22$134.68$115.0033.7%9.4%30.9%14.6%32.2%5.6%-0.7%9.8M-373.3M-2.9M0.768.40N/AN/A3,9893,02686,50180,457
2020-06-23$134.71$120.0032.9%9.1%30.8%13.9%32.5%5.5%-1.3%10.1M-376.4M-2.9M0.997.33N/AN/A5,3395,30988,12182,496
2020-06-24$132.64$120.0035.1%9.8%29.6%15.9%34.6%7.6%0.3%7.5M-303.0M-2.9M0.609.62N/AN/A10,8066,53089,49683,824
2020-06-25$131.15$120.0034.6%10.1%30.0%15.4%35.3%6.8%1.6%6.9M-245.7M-2.9M0.397.52N/AN/A7,9263,06691,72685,661
2020-06-26$129.83$120.0037.1%10.3%30.0%17.6%38.5%8.5%-1.3%2.3M-193.8M-2.9M0.7013.73N/AN/A5,2713,67294,04386,166
2020-06-29$132.63$120.0033.7%9.4%30.9%14.6%34.8%8.6%-0.4%9.5M-298.7M-2.8M0.8514.52N/AN/A4,8394,10888,81980,089
2020-06-30$135.12$120.0031.8%9.0%31.3%12.9%31.0%10.5%0.2%12.6M-388.7M-2.8M0.725.45N/AN/A5,3303,83090,06181,653