LOW Options History — April 2021

In April 2021, LOW traded between $190.75 and $208.33. ATM implied volatility averaged 25.6%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 7.7% (HV 20d: 17.9%). Max pain ranged from $170.00 to $200.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.89.

Notable Days

  • 2021-04-19: Highest Volume — 40,611 contracts
  • 2021-04-19: Largest IV spike — 23.9% change
  • 2021-04-29: Highest IV Rank — 34.4%
  • 2021-04-30: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$199.19$190.75$208.33$190.75$196.16
Max Pain$189.76$170.00$200.00$170.00$200.00
ATM IV25.6%20.5%30.8%23.1%27.7%
Expected Move8.3%6.2%9.1%6.2%9.1%
HV 20d17.9%16.7%20.2%20.2%19.2%
HV 60d27.7%25.4%29.0%28.0%25.4%
IV Rank13.5%0.0%34.4%1.3%25.1%
IV Percentile16.2%0.0%40.9%0.4%25.8%
Term Structure0.7%-3.8%8.6%0.1%-2.0%
VWIV29.6%22.5%32.6%22.5%31.5%
Skew 25d2.3%1.0%4.9%2.7%3.9%
Skew 10d3.6%-1.5%8.5%3.3%-1.5%
Call IV 25d25.0%20.6%30.8%22.1%26.9%
Put IV 25d27.3%22.2%33.6%24.7%30.8%
Bid-Ask Spread %33.638.4845.158.4836.12
Gamma HHI0.110.080.170.140.08
Net GEX16.5M-3.1M36.1M36.1M-3.0M
Net DEX-750.4M-1.30B-260.9M-835.8M-260.9M
Net VEX-3.9M-4.7M-3.4M-3.7M-4.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.461.420.681.02
Total Volume15,413.9526,97340,61111,81715,963
Total OI182,118.905150,420207,489193,476187,374

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$190.75$170.0023.1%6.2%20.2%1.3%22.5%2.7%0.1%36.1M-835.8M-3.7M0.688.48N/AN/A7,0204,79791,027102,449
2021-04-05$193.49$185.0023.4%8.0%18.6%2.0%29.4%1.7%-1.4%31.7M-878.8M-3.4M0.6438.80N/AN/A4,2502,72383,38899,448
2021-04-06$194.10$185.0022.5%8.0%16.9%0.0%28.9%2.5%2.2%27.0M-882.5M-3.5M0.6134.20N/AN/A5,7463,48082,734100,986
2021-04-07$193.37$185.0021.9%7.8%17.1%0.0%28.3%2.1%-0.5%26.8M-862.1M-3.5M1.3242.52N/AN/A4,1795,53184,162102,201
2021-04-08$194.44$185.0021.2%7.7%16.8%0.0%27.7%1.9%-0.8%28.8M-889.3M-3.5M1.4225.35N/AN/A5,2767,48284,637105,106
2021-04-09$198.12$185.0021.1%7.7%17.2%0.0%28.1%2.4%0.2%22.4M-1.01B-3.7M0.7741.21N/AN/A12,0119,24485,967107,714
2021-04-12$200.85$185.0022.4%8.0%16.9%3.2%28.9%1.2%5.8%22.3M-1.06B-3.4M0.5745.15N/AN/A7,7064,37584,031106,790
2021-04-13$199.85$185.0020.5%7.9%17.3%0.0%28.5%1.7%8.6%20.8M-1.02B-3.5M0.8418.65N/AN/A8,8927,47685,828108,939
2021-04-14$201.75$185.0021.8%8.2%17.3%3.2%28.9%3.4%6.2%21.2M-1.09B-3.8M0.6442.68N/AN/A13,2278,48388,063109,975
2021-04-15$204.85$190.0023.2%8.3%16.7%6.7%29.0%1.5%6.9%26.1M-1.19B-3.9M0.8944.03N/AN/A8,7987,82491,873112,167
2021-04-16$208.33$190.0023.2%8.0%16.9%6.7%28.7%1.0%5.8%16.8M-1.30B-3.6M0.5743.56N/AN/A14,7578,43092,629114,860
2021-04-19$204.38$190.0028.8%8.8%17.8%20.1%31.1%2.4%-1.4%12.9M-709.4M-3.8M0.9732.25N/AN/A20,60320,00870,63079,790
2021-04-20$202.35$195.0030.8%9.0%18.7%24.9%32.6%2.8%-1.5%9.2M-527.1M-4.3M1.3731.22N/AN/A5,4287,46374,00988,443
2021-04-21$204.26$195.0030.6%8.8%18.3%25.6%31.5%2.2%-1.9%22.0M-648.3M-4.1M0.4630.63N/AN/A7,8833,60077,66890,590
2021-04-22$201.83$195.0030.8%8.9%19.4%26.3%31.4%3.2%-0.9%9.3M-511.8M-4.3M1.2935.63N/AN/A7,3519,49577,55091,555
2021-04-23$201.31$195.0028.5%8.5%18.8%21.1%30.0%2.3%-3.8%5.3M-488.3M-4.3M0.8035.31N/AN/A7,1695,72579,00195,312
2021-04-26$199.15$195.0028.7%8.7%17.5%28.6%30.9%2.1%-1.3%4.6M-444.3M-4.2M1.1216.61N/AN/A4,2034,71975,02189,755
2021-04-27$199.19$195.0029.0%8.9%17.0%29.3%31.6%1.4%-1.2%3.7M-441.6M-4.2M0.8029.55N/AN/A4,4113,54075,90591,669
2021-04-28$195.99$195.0027.5%8.8%18.2%24.3%30.9%4.9%-0.7%-3.1M-314.1M-4.2M0.9940.90N/AN/A10,65810,59877,42293,202
2021-04-29$198.53$200.0030.4%8.9%18.6%34.4%31.5%1.7%-3.2%6.1M-391.3M-4.5M0.8533.46N/AN/A7,1366,03385,55999,068
2021-04-30$196.16$200.0027.7%9.1%19.2%25.1%31.5%3.9%-2.0%-3.0M-260.9M-4.7M1.0236.12N/AN/A7,8848,07986,272101,102