LOW Options History — November 2020

In November 2020, LOW traded between $147.95 and $169.25. ATM implied volatility averaged 33.9%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded below realized volatility by 6.7% (HV 20d: 40.5%). Max pain ranged from $155.00 to $170.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.50.

Notable Days

  • 2020-11-18: Highest Volume — 99,096 contracts
  • 2020-11-04: Largest IV drop — 10.5% change
  • 2020-11-02: Highest IV Rank — 22.7%
  • 2020-11-02: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$158.16$147.95$169.25$159.59$155.67
Max Pain$161.50$155.00$170.00$170.00$155.00
ATM IV33.9%27.1%42.9%42.9%27.8%
Expected Move9.9%8.0%13.8%13.8%8.4%
HV 20d40.5%26.1%49.1%26.1%47.9%
HV 60d34.0%28.5%37.4%28.5%35.2%
IV Rank14.8%8.8%22.7%22.7%9.4%
IV Percentile50.2%17.9%78.2%78.2%18.3%
Term Structure-0.9%-2.0%0.8%-1.2%0.8%
VWIV34.9%28.7%48.9%48.9%29.8%
Skew 25d4.0%1.1%7.6%7.6%2.6%
Skew 10d7.7%4.0%14.7%14.7%5.6%
Call IV 25d32.6%26.6%39.4%39.4%26.8%
Put IV 25d36.7%28.7%47.0%47.0%29.4%
Bid-Ask Spread %27.772.7453.9934.812.74
Gamma HHI0.080.060.140.070.08
Net GEX8.8M-18.7M25.8M2.3M19.9M
Net DEX-204.9M-398.0M228.3M-134.7M-368.1M
Net VEX-2.9M-3.7M-2.5M-2.7M-3.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.290.770.550.65
Total Volume27,292.257,76899,0967,76827,820
Total OI188,350.75150,119247,969150,119223,133

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-11-02$159.59$170.0042.9%13.8%26.1%22.7%48.9%7.6%-1.2%2.3M-134.7M-2.7M0.5534.81N/AN/A5,0272,74175,28274,837
2020-11-03$164.96$170.0041.4%13.4%28.1%21.4%46.0%7.2%-0.9%6.3M-268.9M-2.7M0.7723.09N/AN/A4,7033,64075,28274,837
2020-11-04$169.07$170.0037.0%12.5%28.3%17.6%44.0%7.2%-0.6%12.1M-382.1M-2.8M0.4233.12N/AN/A9,1393,81478,91577,129
2020-11-05$168.93$170.0036.6%10.0%28.0%17.1%36.0%5.5%-0.8%13.4M-391.6M-2.7M0.3753.99N/AN/A6,5082,41180,79577,940
2020-11-06$169.25$170.0035.5%9.7%27.4%16.2%34.2%4.8%-0.8%13.6M-398.0M-2.7M0.4243.38N/AN/A5,6262,34382,40178,649
2020-11-09$155.18$170.0037.8%10.2%40.9%18.2%35.5%3.1%-2.0%-25.8K-28.6M-2.5M0.4746.41N/AN/A20,8599,74579,55273,592
2020-11-10$156.25$165.0037.0%10.3%40.5%17.5%35.8%3.0%-1.1%3.4M-64.5M-2.6M0.2942.38N/AN/A16,0294,61088,72476,887
2020-11-11$158.77$160.0035.2%9.8%41.2%15.9%35.4%4.1%-1.4%10.5M-174.7M-2.8M0.3138.97N/AN/A12,7163,97896,80678,902
2020-11-12$157.35$160.0038.1%10.6%40.6%18.5%37.5%4.4%-1.6%10.2M-153.7M-2.8M0.4835.13N/AN/A9,0374,35299,74580,374
2020-11-13$159.12$160.0035.9%10.1%40.4%16.6%35.4%4.3%-1.3%12.1M-210.6M-2.9M0.4543.89N/AN/A9,4354,269101,21581,675
2020-11-16$161.29$160.0036.0%10.3%40.7%16.6%36.3%3.8%-1.9%12.2M-303.0M-2.8M0.4639.68N/AN/A14,5826,66795,97577,867
2020-11-17$160.04$160.0034.9%10.0%40.4%15.7%35.1%3.6%-1.3%12.5M-265.6M-2.9M0.6945.75N/AN/A27,12218,707101,88780,743
2020-11-18$147.95$160.0032.2%9.2%48.0%13.3%33.2%2.9%-0.3%-18.7M228.3M-2.5M0.5425.14N/AN/A64,36734,729114,55492,999
2020-11-19$149.64$155.0029.6%8.5%48.3%11.0%30.1%3.1%-0.8%-8.0M86.0M-3.0M0.5815.39N/AN/A33,01919,112139,051104,956
2020-11-20$150.64$155.0028.7%8.3%48.4%10.2%29.3%3.3%-0.5%-4.6M-13.8M-3.1M0.767.05N/AN/A19,60614,899142,866105,103
2020-11-23$153.98$155.0027.9%8.2%48.9%9.5%29.2%3.3%-0.5%13.6M-244.1M-3.0M0.507.94N/AN/A28,58014,366107,55887,409
2020-11-24$155.59$155.0028.2%8.3%49.1%9.7%29.8%2.9%-0.7%19.6M-349.6M-3.3M0.472.92N/AN/A18,4138,631115,74195,254
2020-11-25$155.43$155.0027.5%8.1%48.7%9.2%28.8%1.1%0.3%20.1M-337.3M-3.3M0.447.53N/AN/A26,22911,485117,32895,963
2020-11-27$154.51$155.0027.1%8.0%48.7%8.8%28.7%2.5%-0.5%25.8M-324.0M-3.7M0.396.12N/AN/A11,8854,644132,867102,222
2020-11-30$155.67$155.0027.8%8.4%47.9%9.4%29.8%2.6%0.8%19.9M-368.1M-3.7M0.652.74N/AN/A16,85010,970125,68997,444