LOW Options History — January 2021

In January 2021, LOW traded between $160.09 and $174.42. ATM implied volatility averaged 28.9%, placing in the 8.6% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 13.4% (HV 20d: 15.5%). Max pain ranged from $160.00 to $167.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.72.

Notable Days

  • 2021-01-12: Highest Volume — 26,938 contracts
  • 2021-01-25: Largest IV spike — 18.9% change
  • 2021-01-27: Highest IV Rank — 13.4%
  • 2021-01-27: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$168.83$160.09$174.42$160.09$167.10
Max Pain$162.50$160.00$167.50$160.00$167.50
ATM IV28.9%24.8%39.1%28.1%38.4%
Expected Move7.8%7.2%10.2%8.0%9.5%
HV 20d15.5%10.0%24.9%23.2%24.9%
HV 60d32.8%31.7%33.5%33.2%33.5%
IV Rank8.6%6.1%13.4%9.6%12.8%
IV Percentile22.6%2.0%75.0%17.1%73.4%
Term Structure1.6%-1.8%8.1%0.1%3.5%
VWIV27.8%25.4%36.7%28.5%34.7%
Skew 25d2.9%1.8%6.7%3.1%3.8%
Skew 10d5.8%3.2%10.3%6.2%5.2%
Call IV 25d27.5%24.2%35.2%27.3%33.8%
Put IV 25d30.4%26.6%41.8%30.4%37.6%
Bid-Ask Spread %35.7311.9752.9830.0944.57
Gamma HHI0.130.090.220.100.10
Net GEX27.1M3.5M48.1M3.5M16.4M
Net DEX-567.2M-904.0M-304.0M-304.0M-305.4M
Net VEX-3.6M-4.1M-3.3M-3.4M-4.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.262.072.070.91
Total Volume16,609.3687,83026,93822,21617,118
Total OI198,226.263143,260238,341218,734179,755

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-01-04$160.09$160.0028.1%8.0%23.2%9.6%28.5%3.1%0.1%3.5M-304.0M-3.4M2.0730.09N/AN/A7,23114,985114,515104,219
2021-01-05$160.92$160.0027.4%7.9%22.7%9.0%27.9%3.0%0.1%4.5M-346.5M-3.4M0.5051.31N/AN/A5,9502,954115,766108,737
2021-01-06$163.00$160.0026.2%7.5%22.7%8.1%26.5%3.8%0.3%12.8M-462.4M-3.4M0.5052.98N/AN/A8,8424,403116,534110,094
2021-01-07$163.95$160.0024.8%7.4%22.6%6.8%26.1%2.4%0.6%19.9M-527.8M-3.3M0.9230.59N/AN/A6,4745,979117,436110,906
2021-01-08$165.39$160.0025.2%7.3%13.1%7.2%25.6%2.2%0.1%33.0M-619.8M-3.4M1.3947.26N/AN/A10,17714,101119,076113,047
2021-01-11$166.25$160.0026.7%7.6%13.1%8.5%26.5%2.9%-0.1%25.4M-615.7M-3.4M0.4945.33N/AN/A13,3096,553117,005104,898
2021-01-12$169.46$160.0026.5%7.5%12.6%8.3%27.2%2.5%-0.2%37.8M-815.4M-3.5M0.2641.62N/AN/A21,3885,550121,727107,757
2021-01-13$170.11$160.0025.7%7.2%12.2%7.6%26.4%2.5%-0.4%48.1M-852.2M-3.5M0.3543.84N/AN/A17,4326,177123,867109,850
2021-01-14$171.40$160.0025.7%7.4%10.8%7.6%26.5%1.8%0.0%46.9M-904.0M-3.4M0.7426.95N/AN/A11,4928,526123,646112,113
2021-01-15$171.23$160.0025.5%7.3%10.9%7.4%26.1%2.2%0.3%42.7M-890.0M-3.5M0.5144.57N/AN/A13,1076,708123,321115,020
2021-01-19$171.34$165.0025.3%7.2%10.9%7.2%25.8%3.0%6.2%21.0M-455.3M-3.5M0.6820.68N/AN/A10,3377,07377,29365,967
2021-01-20$173.20$165.0025.0%7.2%11.3%6.1%25.7%2.5%6.7%26.1M-534.4M-3.7M0.4711.97N/AN/A12,0975,72582,85969,079
2021-01-21$173.07$165.0026.6%7.2%11.3%7.4%25.5%2.4%7.2%33.0M-567.9M-3.7M0.5619.21N/AN/A11,2736,31689,68371,387
2021-01-22$172.93$165.0028.3%7.3%11.3%7.2%25.4%2.5%8.1%34.3M-567.4M-3.9M0.4537.71N/AN/A8,1863,68892,62974,654
2021-01-25$173.74$165.0033.7%7.9%10.3%9.4%27.8%4.0%-0.8%30.4M-567.7M-3.9M0.6724.06N/AN/A5,1783,46791,12572,346
2021-01-26$174.42$165.0034.5%7.7%10.0%9.1%27.5%2.4%0.3%31.9M-585.5M-4.0M0.7221.98N/AN/A4,5443,28691,72173,992
2021-01-27$167.38$165.0039.1%10.2%18.6%13.4%36.7%6.7%-1.8%15.9M-318.8M-4.0M0.5647.46N/AN/A10,1935,72993,26875,387
2021-01-28$172.78$165.0035.6%8.5%21.2%10.2%31.3%1.8%-0.2%31.0M-535.8M-4.1M0.8436.76N/AN/A5,4484,58298,15377,467
2021-01-29$167.10$167.5038.4%9.5%24.9%12.8%34.7%3.8%3.5%16.4M-305.4M-4.1M0.9144.57N/AN/A8,9678,151100,31779,438