LOW Options History — May 2021

In May 2021, LOW traded between $189.31 and $212.45. ATM implied volatility averaged 28.3%, placing in the 28.7% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 0.7% (HV 20d: 27.7%). Max pain ranged from $200.00 to $200.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 1.06.

Notable Days

  • 2021-05-17: Highest Volume — 49,135 contracts
  • 2021-05-12: Largest IV spike — 15.1% change
  • 2021-05-12: Highest IV Rank — 57.7%
  • 2021-05-12: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$197.92$189.31$212.45$199.07$195.34
Max Pain$200.00$200.00$200.00$200.00$200.00
ATM IV28.3%21.7%37.0%29.9%21.7%
Expected Move8.1%6.0%10.2%9.3%6.0%
HV 20d27.7%19.2%32.5%19.2%31.6%
HV 60d27.0%25.0%29.4%25.4%25.1%
IV Rank28.7%5.3%57.7%32.9%5.3%
IV Percentile32.8%1.2%88.5%38.5%1.2%
Term Structure-0.4%-2.6%1.6%-1.5%0.4%
VWIV29.3%21.6%35.8%32.6%21.6%
Skew 25d2.7%1.3%3.9%2.9%2.1%
Skew 10d5.9%2.6%9.4%6.4%4.4%
Call IV 25d27.5%21.5%36.2%26.8%21.6%
Put IV 25d30.2%23.7%39.5%29.7%23.7%
Bid-Ask Spread %23.592.9442.4636.827.55
Gamma HHI0.110.060.410.100.09
Net GEX-920.8K-60.0M33.1M7.3M9.3M
Net DEX-343.6M-982.2M246.1M-444.0M-363.4M
Net VEX-5.1M-5.5M-4.5M-4.5M-5.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.060.313.871.201.11
Total Volume27,861.211,05449,13525,84117,930
Total OI214,103.25176,814260,455176,814217,954

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$199.07$200.0029.9%9.3%19.2%32.9%32.6%2.9%-1.5%7.3M-444.0M-4.5M1.2036.82N/AN/A11,77014,07182,59194,223
2021-05-04$199.76$200.0029.4%9.8%19.3%31.3%34.5%2.7%-0.9%15.9M-493.8M-4.7M0.4236.46N/AN/A9,6654,02687,66896,956
2021-05-05$200.26$200.0030.4%9.9%19.2%34.7%34.7%2.2%-2.6%21.4M-540.8M-4.6M0.3239.82N/AN/A15,6604,97589,49097,452
2021-05-06$205.54$200.0030.3%8.1%21.0%34.5%29.4%3.8%1.6%31.6M-798.0M-4.6M0.3134.25N/AN/A19,9356,18591,40799,845
2021-05-07$208.99$200.0028.1%7.8%20.8%26.7%28.8%1.3%-0.8%33.1M-956.3M-4.6M1.1138.06N/AN/A16,50118,33592,808100,696
2021-05-10$212.45$200.0030.4%8.4%21.0%34.9%29.9%1.5%-0.8%24.5M-982.2M-4.6M0.4628.76N/AN/A26,44612,09588,53299,736
2021-05-11$205.40$200.0032.1%8.7%24.6%40.8%31.2%3.1%-1.8%15.7M-626.9M-4.9M0.8628.87N/AN/A15,89913,68094,593104,636
2021-05-12$196.04$200.0037.0%10.2%29.7%57.7%35.8%3.2%-1.4%-1.8M-174.1M-5.2M0.8617.92N/AN/A23,76720,54298,352107,874
2021-05-13$201.47$200.0034.0%9.8%30.9%47.1%34.6%3.3%-0.4%5.7M-434.4M-5.5M1.0314.44N/AN/A17,18717,683109,929117,349
2021-05-14$198.96$200.0031.6%8.9%30.4%38.8%32.6%2.4%-0.9%-9.7M-259.9M-5.5M1.4834.86N/AN/A10,73615,902113,307122,583
2021-05-17$194.36$200.0033.0%9.4%30.7%43.9%34.1%3.5%-1.0%-7.4M-101.5M-5.5M3.8731.99N/AN/A10,08039,055106,222118,065
2021-05-18$193.60$200.0031.3%8.9%30.6%43.2%32.3%3.5%-0.6%-13.6M-66.0M-5.4M0.8622.62N/AN/A23,83920,399109,078127,248
2021-05-19$189.31$200.0027.3%7.8%31.1%28.8%28.9%3.9%0.7%-37.4M246.1M-5.4M1.1942.46N/AN/A21,07424,974119,769138,854
2021-05-20$193.71$200.0025.2%7.2%32.3%20.1%25.8%2.5%0.8%-20.1M-74.7M-5.3M0.866.28N/AN/A13,99612,066120,484138,569
2021-05-21$192.19$200.0024.4%7.0%32.4%16.7%26.3%2.9%0.2%-60.0M53.6M-5.4M1.0616.86N/AN/A10,70411,397121,136139,319
2021-05-24$191.26$200.0022.8%6.5%32.3%9.7%25.3%1.9%0.8%-16.6M-117.6M-5.0M1.695.27N/AN/A7,21412,16591,867109,860
2021-05-25$193.14$200.0023.1%6.5%32.5%11.4%22.9%2.9%0.4%-10.3M-213.5M-5.1M0.5010.67N/AN/A9,1344,57894,680112,405
2021-05-26$193.21$200.0022.6%6.3%32.1%9.2%22.3%2.7%0.1%-5.9M-232.8M-5.1M1.1114.95N/AN/A5,9336,57297,202113,135
2021-05-27$194.34$200.0022.1%6.1%31.8%7.0%22.5%2.2%-0.1%-168.3K-292.5M-5.2M0.882.94N/AN/A5,8835,17199,432116,759
2021-05-28$195.34$200.0021.7%6.0%31.6%5.3%21.6%2.1%0.4%9.3M-363.4M-5.1M1.117.55N/AN/A8,4789,452100,392117,562