LOW Options History — December 2020

In December 2020, LOW traded between $150.17 and $164.86. ATM implied volatility averaged 27.4%, placing in the 9.1% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 6.1% (HV 20d: 33.5%). Max pain ranged from $145.00 to $155.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 0.61.

Notable Days

  • 2020-12-09: Highest Volume — 84,815 contracts
  • 2020-12-07: Largest IV spike — 8.1% change
  • 2020-12-07: Highest IV Rank — 10.7%
  • 2020-12-01: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$159.27$150.17$164.86$153.15$160.22
Max Pain$150.00$145.00$155.00$155.00$155.00
ATM IV27.4%25.9%29.2%27.7%26.2%
Expected Move7.9%7.3%8.6%8.6%7.3%
HV 20d33.5%23.1%47.8%47.8%23.1%
HV 60d34.3%33.4%35.0%34.9%33.6%
IV Rank9.1%7.8%10.7%9.4%8.0%
IV Percentile14.8%8.3%21.4%17.9%8.3%
Term Structure0.5%-0.3%1.6%1.0%0.4%
VWIV28.1%26.0%30.6%30.6%26.1%
Skew 25d2.8%1.6%3.7%1.6%2.8%
Skew 10d5.6%4.0%8.8%4.6%4.9%
Call IV 25d26.6%25.3%28.7%27.3%25.3%
Put IV 25d29.4%27.8%31.9%28.9%28.2%
Bid-Ask Spread %5.101.5118.4813.611.62
Gamma HHI0.140.070.300.080.11
Net GEX33.6M-11.9M70.3M12.0M9.5M
Net DEX-560.8M-897.3M-64.6M-222.7M-400.9M
Net VEX-3.7M-4.0M-3.5M-3.7M-3.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.281.470.410.64
Total Volume22,407.5917,78884,81531,7557,788
Total OI245,649.273223,242274,114230,257239,279

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-12-01$153.15$155.0027.7%8.6%47.8%9.4%30.6%1.6%1.0%12.0M-222.7M-3.7M0.4113.61N/AN/A22,4879,268128,345101,912
2020-12-02$151.50$155.0027.6%8.2%46.0%9.2%29.0%3.0%1.1%8.3M-140.6M-3.7M0.623.25N/AN/A11,9677,369134,378104,998
2020-12-03$151.72$145.0026.8%8.3%44.8%8.6%28.8%2.0%1.6%11.2M-167.1M-3.7M1.0618.48N/AN/A8,7609,310137,972105,547
2020-12-04$150.17$145.0027.0%8.1%44.8%8.7%28.3%2.2%1.4%-11.9M-64.6M-3.6M0.282.64N/AN/A28,0427,987139,080108,540
2020-12-07$152.06$145.0029.2%8.6%45.2%10.7%30.0%3.2%0.5%19.7M-245.7M-3.8M0.474.43N/AN/A22,54610,679147,696103,622
2020-12-08$151.83$145.0028.7%8.5%33.4%10.2%29.4%3.0%0.8%21.2M-245.2M-3.8M0.431.85N/AN/A14,9696,415154,053108,936
2020-12-09$160.20$145.0027.1%7.8%38.6%8.8%27.5%3.2%0.0%62.9M-891.5M-4.0M0.325.49N/AN/A64,36720,448161,464111,622
2020-12-10$161.04$145.0028.0%8.0%38.2%9.6%28.1%3.1%0.3%62.4M-892.9M-4.0M0.5111.80N/AN/A18,8249,656159,288112,818
2020-12-11$158.35$145.0028.8%8.2%38.6%10.3%29.1%3.5%-0.2%41.2M-675.6M-3.9M0.4910.50N/AN/A12,5946,153159,590114,524
2020-12-14$160.26$150.0028.1%8.1%38.6%9.7%28.4%3.4%-0.3%47.8M-667.1M-3.8M0.483.28N/AN/A11,7765,648143,546104,508
2020-12-15$163.30$150.0027.4%7.9%38.9%9.1%29.2%2.7%0.2%58.9M-870.6M-3.8M0.513.68N/AN/A13,8977,072144,674106,325
2020-12-16$163.59$150.0026.9%7.7%38.8%8.7%27.2%3.7%0.7%67.2M-877.4M-3.8M0.307.24N/AN/A13,9824,155146,666106,658
2020-12-17$163.75$150.0027.3%7.8%24.9%9.0%27.7%2.9%0.8%70.3M-897.3M-3.7M0.622.76N/AN/A7,7814,852146,595107,233
2020-12-18$163.82$150.0027.4%7.8%24.9%9.1%27.7%2.8%0.1%65.5M-885.8M-3.6M0.394.82N/AN/A21,8328,590147,143109,259
2020-12-21$164.86$150.0028.0%8.0%24.9%9.6%28.7%2.3%0.1%40.9M-768.4M-3.7M0.542.34N/AN/A9,6785,200126,56796,675
2020-12-22$164.85$150.0027.1%7.7%24.0%8.8%27.9%2.7%0.2%45.7M-753.9M-3.7M0.411.82N/AN/A7,1442,906127,59798,552
2020-12-23$163.21$150.0027.5%7.8%24.3%9.1%28.5%2.5%0.3%39.9M-652.8M-3.6M1.473.86N/AN/A9,36113,716128,52699,382
2020-12-24$162.52$155.0026.2%7.4%24.4%8.0%26.3%2.5%0.1%26.3M-574.2M-3.7M0.583.20N/AN/A5,0932,970131,490106,861
2020-12-28$161.85$155.0025.9%7.4%24.3%7.8%26.6%2.6%0.4%16.6M-522.4M-3.5M0.872.03N/AN/A7,6556,674122,287103,298
2020-12-29$160.81$155.0026.9%7.5%24.4%8.7%26.5%3.4%0.5%12.6M-467.8M-3.5M0.761.93N/AN/A7,4275,623124,578107,085
2020-12-30$160.87$155.0026.6%7.4%23.5%8.4%26.0%2.5%0.5%11.4M-453.3M-3.5M1.311.51N/AN/A4,4685,838125,867109,248
2020-12-31$160.22$155.0026.2%7.3%23.1%8.0%26.1%2.8%0.4%9.5M-400.9M-3.5M0.641.62N/AN/A4,7393,049126,450112,829