LOW Options History — July 2020

In July 2020, LOW traded between $134.97 and $149.07. ATM implied volatility averaged 32.6%, placing in the 13.6% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 12.0% (HV 20d: 20.6%). Max pain ranged from $120.00 to $135.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.72.

Notable Days

  • 2020-07-16: Highest Volume — 35,260 contracts
  • 2020-07-02: Largest IV drop — 8.3% change
  • 2020-07-30: Highest IV Rank — 15.9%
  • 2020-07-13: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$142.27$134.97$149.07$135.86$148.23
Max Pain$133.64$120.00$135.00$120.00$135.00
ATM IV32.6%29.2%35.2%31.9%33.4%
Expected Move10.0%7.4%10.9%8.1%10.0%
HV 20d20.6%15.3%31.2%31.2%15.7%
HV 60d28.1%24.7%33.0%33.0%24.8%
IV Rank13.6%10.7%15.9%13.0%14.3%
IV Percentile59.9%42.9%68.7%59.5%60.3%
Term Structure0.7%-1.7%5.0%-1.2%-1.0%
VWIV34.7%25.9%37.5%28.6%34.6%
Skew 25d6.2%0.9%8.7%7.4%7.3%
Skew 10d14.3%5.7%22.4%20.4%5.7%
Call IV 25d30.3%26.1%35.7%28.0%29.6%
Put IV 25d36.6%33.0%38.9%35.5%36.9%
Bid-Ask Spread %40.8012.0661.0613.3639.41
Gamma HHI0.130.090.460.100.46
Net GEX14.0M-26.2M30.7M14.0M-26.2M
Net DEX-554.5M-777.0M-362.6M-419.8M-634.1M
Net VEX-2.7M-2.8M-2.6M-2.8M-2.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.322.210.780.82
Total Volume13,452.6364,56035,2606,13114,232
Total OI177,241.455155,063203,649175,012189,491

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$135.86$120.0031.9%8.1%31.2%13.0%28.6%7.4%-1.2%14.0M-419.8M-2.8M0.7813.36N/AN/A3,4532,67891,71583,297
2020-07-02$135.71$120.0029.2%7.4%28.5%10.7%25.9%6.9%-0.5%14.9M-411.6M-2.8M0.4812.06N/AN/A8,9934,30591,53783,975
2020-07-06$135.54$135.0029.8%10.2%27.8%11.2%34.7%7.2%1.0%10.5M-385.3M-2.7M0.8049.96N/AN/A7,0925,67890,80682,292
2020-07-07$134.97$135.0031.1%10.5%27.9%12.4%36.6%6.5%2.0%9.3M-362.6M-2.7M0.6754.80N/AN/A3,3292,24392,59083,864
2020-07-08$135.68$135.0031.6%10.5%27.8%12.8%34.2%6.1%0.3%10.9M-396.1M-2.7M0.3454.64N/AN/A3,4011,15994,75884,692
2020-07-09$135.64$135.0032.4%10.8%27.8%13.5%37.0%8.6%0.2%10.9M-395.3M-2.7M0.7449.25N/AN/A3,5552,63895,37385,057
2020-07-10$137.04$135.0031.9%10.9%21.3%13.0%36.5%0.9%-0.5%12.9M-455.2M-2.7M0.6954.98N/AN/A5,4203,76495,72485,471
2020-07-13$136.90$135.0033.2%10.9%21.1%14.2%37.5%7.7%4.4%12.7M-436.2M-2.6M0.6061.06N/AN/A12,1977,34393,48182,378
2020-07-14$139.87$135.0031.8%10.4%21.9%12.9%36.0%8.2%4.8%17.1M-537.6M-2.7M0.7152.41N/AN/A5,6714,05196,41986,232
2020-07-15$141.26$135.0031.8%10.6%19.4%12.9%37.2%8.7%4.7%20.7M-606.2M-2.6M0.6651.16N/AN/A10,3296,84298,36488,171
2020-07-16$142.68$135.0032.4%10.5%16.7%13.5%36.3%4.4%5.0%24.9M-673.8M-2.7M0.4054.22N/AN/A25,14210,118100,80989,121
2020-07-17$144.31$135.0031.0%9.7%16.2%12.2%33.9%3.2%3.7%30.7M-777.0M-2.7M0.3254.12N/AN/A12,8564,140109,24394,406
2020-07-20$144.46$135.0032.9%9.8%16.2%13.9%34.4%7.1%-0.5%15.0M-547.6M-2.6M0.4634.80N/AN/A8,5743,95683,84671,217
2020-07-21$144.80$135.0033.4%9.7%16.2%14.3%34.5%7.0%-1.7%16.8M-546.6M-2.7M0.6229.38N/AN/A7,4774,65684,87473,223
2020-07-22$148.85$135.0034.1%9.8%18.3%14.9%34.8%6.5%-0.5%23.8M-712.9M-2.6M0.5138.68N/AN/A11,6275,93987,74274,929
2020-07-23$146.35$135.0034.1%9.8%18.5%15.0%34.4%5.4%-0.6%21.4M-619.0M-2.7M1.2938.16N/AN/A10,85414,00790,98576,666
2020-07-24$146.77$135.0033.7%9.7%17.5%14.6%33.4%5.1%-0.6%13.6M-606.5M-2.8M0.7733.74N/AN/A8,5036,51394,46983,402
2020-07-27$148.82$135.0033.9%10.0%16.7%14.8%35.1%5.6%-1.6%13.9M-671.5M-2.7M0.8423.61N/AN/A4,7664,01292,02882,387
2020-07-28$148.43$135.0034.7%10.2%16.1%15.5%35.7%6.3%-0.4%12.9M-650.4M-2.7M0.7029.43N/AN/A3,3232,31091,89384,129
2020-07-29$148.77$135.0033.7%10.0%15.3%14.6%34.8%5.0%-0.5%13.6M-673.1M-2.7M0.4330.34N/AN/A5,2132,25792,92285,365
2020-07-30$149.07$135.0035.2%10.5%15.4%15.9%36.2%6.2%-0.7%13.1M-680.0M-2.6M2.2138.07N/AN/A6,64014,70293,81886,151
2020-07-31$148.23$135.0033.4%10.0%15.7%14.3%34.6%7.3%-1.0%-26.2M-634.1M-2.7M0.8239.41N/AN/A7,8266,40695,51493,977