LOW Options History — February 2021

In February 2021, LOW traded between $158.71 and $178.35. ATM implied volatility averaged 33.2%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 3.5% (HV 20d: 29.7%). Max pain ranged from $160.00 to $167.50. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.77.

Notable Days

  • 2021-02-24: Highest Volume — 48,510 contracts
  • 2021-02-24: Largest IV drop — 13.5% change
  • 2021-02-01: Highest IV Rank — 9.8%
  • 2021-02-22: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$171.77$158.71$178.35$163.19$160.74
Max Pain$163.55$160.00$167.50$167.50$165.00
ATM IV33.2%29.5%35.3%35.3%30.1%
Expected Move9.2%7.2%10.2%8.6%8.6%
HV 20d29.7%26.5%34.8%26.5%30.9%
HV 60d27.6%22.9%33.5%33.2%25.9%
IV Rank7.9%4.4%9.8%9.8%5.0%
IV Percentile47.0%21.4%61.1%61.1%24.2%
Term Structure-0.7%-2.4%2.3%2.3%-0.0%
VWIV32.7%26.1%37.1%30.2%30.1%
Skew 25d2.6%0.9%4.1%0.9%3.3%
Skew 10d6.0%1.8%14.4%8.2%7.2%
Call IV 25d32.7%29.1%35.8%35.8%29.3%
Put IV 25d35.3%31.3%38.0%36.7%32.6%
Bid-Ask Spread %35.8316.8747.4846.5816.87
Gamma HHI0.110.070.150.080.10
Net GEX25.9M-4.6M43.8M9.6M-2.2M
Net DEX-463.6M-767.4M121.0M-158.8M48.1M
Net VEX-3.8M-4.1M-3.4M-3.9M-3.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.301.480.790.84
Total Volume15,1336,59248,51015,36619,521
Total OI181,527.421168,595202,976169,789202,976

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-02-01$163.19$167.5035.3%8.6%26.5%9.8%30.2%0.9%2.3%9.6M-158.8M-3.9M0.7946.58N/AN/A8,5866,78096,74873,041
2021-02-02$167.00$165.0034.3%7.6%27.6%8.9%26.9%3.5%-1.9%16.3M-289.1M-4.0M0.4346.13N/AN/A5,8912,54499,03976,617
2021-02-03$169.82$165.0031.9%7.2%28.1%6.6%26.1%1.8%0.5%25.1M-390.4M-4.1M0.6541.69N/AN/A6,3064,123100,81577,459
2021-02-04$172.57$160.0032.4%9.1%28.3%7.1%33.3%3.1%-1.9%35.1M-549.9M-4.1M0.6938.72N/AN/A6,9554,830102,50478,493
2021-02-05$174.66$160.0032.7%9.1%28.4%7.4%32.9%2.3%0.6%31.9M-653.2M-4.0M1.0131.47N/AN/A8,6958,789103,28179,496
2021-02-08$178.35$160.0033.1%9.2%29.1%7.8%33.4%2.2%-0.4%36.9M-767.4M-3.9M0.8030.65N/AN/A6,3735,08397,86776,810
2021-02-09$177.89$160.0032.7%9.1%29.2%7.4%33.2%1.8%-0.7%37.7M-735.4M-3.9M0.9724.11N/AN/A3,3493,24398,60277,558
2021-02-10$176.51$160.0033.6%9.6%28.8%8.3%33.5%2.3%-0.2%34.9M-673.5M-3.9M0.3021.34N/AN/A8,3862,55398,79079,059
2021-02-11$175.22$160.0034.1%9.7%29.0%8.7%34.0%1.9%-0.8%36.0M-632.2M-4.0M0.5230.32N/AN/A5,5072,885102,53579,929
2021-02-12$176.54$165.0033.8%9.6%29.0%8.5%33.7%3.4%-0.4%38.5M-700.0M-4.0M0.7440.51N/AN/A4,8233,583104,04680,829
2021-02-16$174.52$165.0034.4%9.8%29.3%9.0%34.6%2.3%-1.6%34.5M-571.1M-3.8M1.2445.67N/AN/A3,9934,965101,20279,574
2021-02-17$177.25$165.0034.2%9.8%29.8%8.8%34.4%2.4%-1.5%42.5M-697.0M-3.8M0.6542.87N/AN/A4,5022,909101,94281,666
2021-02-18$177.42$165.0034.4%10.0%29.6%9.0%35.4%2.5%-1.6%43.8M-719.8M-3.8M0.5632.48N/AN/A9,1455,076102,64082,354
2021-02-19$177.76$165.0033.1%9.6%29.6%7.8%34.3%2.0%-1.2%41.8M-728.4M-3.8M0.6345.57N/AN/A8,4345,310104,71384,593
2021-02-22$173.07$165.0034.7%10.2%31.2%9.3%35.9%4.1%-1.2%21.2M-426.9M-3.8M1.4835.64N/AN/A5,6548,37892,93975,656
2021-02-23$169.55$165.0034.2%10.2%32.0%8.8%37.1%4.0%-2.4%15.3M-287.2M-3.7M0.9847.48N/AN/A12,64612,37295,23179,674
2021-02-24$162.82$165.0029.5%8.4%34.8%4.4%30.2%2.2%-0.4%-1.9M2.4M-3.4M0.4832.84N/AN/A32,84215,66898,95386,558
2021-02-25$158.71$165.0032.2%9.3%32.9%7.0%32.4%4.1%0.1%-4.6M121.0M-3.5M0.9129.86N/AN/A14,07912,749105,31589,517
2021-02-26$160.74$165.0030.1%8.6%30.9%5.0%30.1%3.3%-0.0%-2.2M48.1M-3.6M0.8416.87N/AN/A10,6268,895109,55193,425