LOW Options History — August 2020

In August 2020, LOW traded between $149.50 and $170.01. ATM implied volatility averaged 32.2%, placing in the 13.3% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 14.8% (HV 20d: 17.3%). Max pain ranged from $135.00 to $145.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.38.

Notable Days

  • 2020-08-19: Highest Volume — 83,651 contracts
  • 2020-08-19: Largest IV drop — 17.3% change
  • 2020-08-12: Highest IV Rank — 18.0%
  • 2020-08-05: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$158.20$149.50$170.01$150.54$164.75
Max Pain$139.29$135.00$145.00$135.00$145.00
ATM IV32.2%25.6%37.6%36.1%29.6%
Expected Move9.1%7.2%11.4%11.1%8.2%
HV 20d17.3%15.1%20.5%16.0%20.3%
HV 60d23.0%21.7%24.7%24.7%21.7%
IV Rank13.3%7.5%18.0%16.7%11.0%
IV Percentile55.6%32.9%75.4%72.2%39.7%
Term Structure-0.7%-2.5%1.6%-2.5%0.6%
VWIV32.1%25.6%39.4%38.9%29.4%
Skew 25d3.8%1.9%6.3%6.2%3.1%
Skew 10d7.7%4.0%12.7%11.7%5.5%
Call IV 25d31.1%24.4%37.5%33.1%29.9%
Put IV 25d34.9%27.7%41.8%39.3%33.0%
Bid-Ask Spread %18.543.0236.9622.944.25
Gamma HHI0.120.080.270.080.13
Net GEX31.9M14.4M68.9M15.0M28.5M
Net DEX-935.4M-1.29B-673.6M-713.2M-782.0M
Net VEX-2.6M-3.0M-2.2M-2.6M-2.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.210.800.590.35
Total Volume33,641.9529,56083,65114,48216,523
Total OI209,625.857177,845263,170179,214201,625

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-08-03$150.54$135.0036.1%11.1%16.0%16.7%38.9%6.2%-2.5%15.0M-713.2M-2.6M0.5922.94N/AN/A9,1225,36093,05286,162
2020-08-04$149.50$135.0034.8%10.9%16.2%15.5%37.5%6.0%-1.7%14.4M-673.6M-2.6M0.8021.52N/AN/A5,3264,23496,03887,805
2020-08-05$149.62$135.0035.5%11.4%16.3%16.2%39.4%5.0%-1.9%15.9M-679.5M-2.6M0.2928.63N/AN/A10,9133,17398,82289,661
2020-08-06$151.11$135.0035.2%9.4%16.3%16.0%31.5%5.7%-2.2%21.4M-757.3M-2.6M0.4636.96N/AN/A11,5655,282105,16591,542
2020-08-07$152.70$135.0036.8%9.5%16.3%17.4%32.8%6.3%-1.7%35.0M-852.2M-2.6M0.3121.12N/AN/A25,5847,884110,28793,944
2020-08-10$153.67$135.0035.9%9.8%16.1%16.6%35.5%5.0%-0.9%23.8M-860.4M-2.6M0.2133.97N/AN/A18,5203,977112,63386,634
2020-08-11$153.82$135.0037.1%10.2%15.1%17.6%36.4%3.3%-1.5%26.5M-881.4M-2.6M0.3613.60N/AN/A17,4476,233120,78287,633
2020-08-12$156.98$135.0037.6%10.1%16.0%18.0%35.5%4.6%-2.2%33.4M-1.04B-2.5M0.2717.08N/AN/A25,3206,842123,97488,996
2020-08-13$156.11$135.0036.2%10.1%16.3%16.8%35.7%1.9%-1.7%30.0M-986.5M-2.6M0.3435.63N/AN/A14,1934,846127,74590,383
2020-08-14$154.08$135.0036.7%10.1%17.2%17.2%36.2%2.6%-1.8%26.7M-912.3M-2.6M0.4335.82N/AN/A13,4725,847131,42891,284
2020-08-17$158.54$135.0036.4%10.2%19.4%16.9%36.7%2.5%0.4%31.1M-1.11B-2.4M0.2727.86N/AN/A36,4449,759130,11587,977
2020-08-18$158.22$140.0032.6%9.3%19.5%13.6%33.4%2.6%-0.6%36.5M-1.11B-2.4M0.5322.35N/AN/A50,56127,017138,12892,756
2020-08-19$158.61$140.0026.9%7.7%17.5%8.7%27.6%3.8%1.6%43.0M-1.11B-2.2M0.4321.30N/AN/A58,68624,965147,512105,514
2020-08-20$158.84$145.0025.7%7.4%15.8%7.6%26.6%3.4%-0.2%43.2M-1.12B-2.2M0.2415.80N/AN/A37,9159,269147,659104,140
2020-08-21$161.58$145.0025.6%7.3%16.5%7.5%25.9%3.3%-0.0%68.9M-1.29B-2.5M0.397.97N/AN/A29,86611,575157,392105,778
2020-08-24$165.16$145.0025.6%7.2%17.3%7.5%25.8%3.4%0.1%31.9M-874.7M-2.5M0.333.02N/AN/A24,6768,044102,81875,027
2020-08-25$166.18$145.0025.8%7.2%17.1%7.7%25.6%3.7%0.6%36.2M-940.6M-2.5M0.427.29N/AN/A21,9149,117108,35477,220
2020-08-26$170.01$145.0026.7%7.4%18.0%8.5%26.7%3.2%0.5%42.8M-1.12B-2.5M0.233.62N/AN/A38,2828,665111,33981,403
2020-08-27$166.82$145.0028.9%8.2%20.2%10.4%28.8%2.4%0.6%38.1M-960.4M-2.8M0.374.45N/AN/A33,15712,239117,72884,153
2020-08-28$165.29$145.0029.7%8.2%20.5%11.1%28.9%2.2%0.6%27.2M-864.9M-3.0M0.374.05N/AN/A23,7738,894122,88688,649
2020-08-31$164.75$145.0029.6%8.2%20.3%11.0%29.4%3.1%0.6%28.5M-782.0M-2.9M0.354.25N/AN/A12,2564,267117,28884,337