LOW Options History — July 2021

In July 2021, LOW traded between $191.91 and $201.07. ATM implied volatility averaged 24.2%, placing in the 23.2% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 9.2% (HV 20d: 14.9%). Max pain ranged from $190.00 to $195.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.66.

Notable Days

  • 2021-07-16: Highest Volume — 63,610 contracts
  • 2021-07-19: Largest IV spike — 28.9% change
  • 2021-07-19: Highest IV Rank — 42.9%
  • 2021-07-27: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$194.94$191.91$201.07$195.73$192.81
Max Pain$192.14$190.00$195.00$190.00$195.00
ATM IV24.2%18.1%29.2%19.2%28.8%
Expected Move7.8%4.7%9.1%5.1%9.0%
HV 20d14.9%11.4%19.7%11.5%19.5%
HV 60d21.9%21.3%22.4%22.2%22.2%
IV Rank23.2%0.0%42.9%0.0%41.3%
IV Percentile25.5%0.0%53.6%0.0%51.6%
Term Structure1.0%-2.4%7.0%0.3%-1.5%
VWIV28.0%16.6%32.2%18.0%31.8%
Skew 25d2.8%1.9%4.6%2.2%3.1%
Skew 10d4.9%1.1%8.7%3.8%7.1%
Call IV 25d23.4%17.5%30.0%18.6%28.6%
Put IV 25d26.2%19.4%32.8%20.8%31.8%
Bid-Ask Spread %17.542.0741.402.0716.75
Gamma HHI0.130.080.250.150.25
Net GEX16.2M-51.1M68.2M42.5M-51.1M
Net DEX-403.4M-856.6M-96.7M-635.7M-102.3M
Net VEX-5.5M-6.1M-5.2M-5.3M-6.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.161.520.600.61
Total Volume21,810.199,25463,61018,42511,923
Total OI237,692.286203,397271,327249,632232,484

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$195.73$190.0019.2%5.1%11.5%0.0%18.0%2.2%0.3%42.5M-635.7M-5.3M0.602.07N/AN/A11,5446,881113,433136,199
2021-07-02$195.79$190.0018.1%4.7%11.4%0.0%16.6%1.9%0.6%46.6M-656.4M-5.4M0.8220.18N/AN/A8,5207,007116,116138,425
2021-07-06$194.90$190.0019.5%7.4%11.6%5.5%26.7%2.1%0.1%19.0M-492.6M-5.2M1.112.90N/AN/A6,4587,142108,750130,692
2021-07-07$196.07$190.0019.8%7.5%11.5%6.7%26.3%2.5%-0.8%30.6M-576.1M-5.3M0.383.22N/AN/A10,0543,774109,094131,909
2021-07-08$192.51$190.0021.6%7.7%13.3%13.3%27.8%3.0%1.0%-900.8K-283.2M-5.4M1.443.77N/AN/A8,85512,752110,677132,947
2021-07-09$195.64$190.0019.9%7.5%13.7%7.0%26.6%2.5%0.3%25.5M-536.9M-5.3M0.763.07N/AN/A10,0027,632112,408142,469
2021-07-12$195.39$190.0020.4%7.7%13.3%8.9%28.3%3.1%5.6%26.9M-486.2M-5.4M0.653.28N/AN/A5,5993,655110,570141,024
2021-07-13$194.28$190.0020.5%7.6%13.4%9.1%27.9%2.3%5.9%16.2M-403.5M-5.3M1.526.88N/AN/A4,7257,204112,410143,012
2021-07-14$193.16$190.0020.1%7.6%13.1%7.7%27.1%4.6%6.4%-2.2M-290.0M-5.3M0.453.42N/AN/A7,6313,470112,959146,298
2021-07-15$195.71$190.0021.5%7.8%13.3%13.2%27.7%2.5%7.0%35.2M-519.7M-5.3M0.643.38N/AN/A15,2149,790114,402147,716
2021-07-16$196.08$190.0022.7%7.7%13.3%17.6%27.6%3.1%6.9%25.9M-598.6M-5.3M0.2026.01N/AN/A52,86710,743119,488151,839
2021-07-19$191.91$190.0029.2%8.8%15.7%42.9%31.5%2.8%-1.9%-7.4M-96.7M-5.4M0.4024.95N/AN/A29,79711,88594,352109,045
2021-07-20$194.19$195.0028.2%8.3%15.9%38.9%29.6%2.6%-1.1%9.2M-263.7M-5.5M0.1635.40N/AN/A37,9285,929102,627115,425
2021-07-21$194.81$195.0028.2%8.1%14.6%38.9%29.1%2.3%-1.2%14.9M-320.8M-5.6M0.4515.11N/AN/A12,0585,433107,682118,222
2021-07-22$196.77$195.0028.1%8.1%14.9%38.7%28.6%2.7%-1.4%35.2M-467.8M-5.7M0.4138.34N/AN/A11,8204,867108,100120,829
2021-07-23$201.07$195.0027.7%8.1%16.6%37.2%29.1%2.5%-2.4%68.2M-856.6M-5.7M0.3135.60N/AN/A28,5468,718112,463123,079
2021-07-26$197.53$195.0028.6%8.7%18.0%40.5%31.7%3.1%-1.5%21.3M-449.5M-5.6M1.0224.30N/AN/A13,89014,16594,712110,378
2021-07-27$193.31$195.0028.2%9.1%19.7%38.9%32.2%3.0%0.9%1.6M-198.4M-5.8M0.8333.62N/AN/A10,9669,10295,618112,029
2021-07-28$192.74$195.0029.2%8.9%19.6%42.8%31.8%3.5%-1.0%-6.2M-113.5M-6.0M0.6024.77N/AN/A6,0243,596100,450121,811
2021-07-29$193.44$195.0028.3%8.7%19.7%39.2%32.2%3.3%-1.8%-11.8M-124.1M-6.1M0.5241.40N/AN/A6,4843,364102,978126,417
2021-07-30$192.81$195.0028.8%9.0%19.5%41.3%31.8%3.1%-1.5%-51.1M-102.3M-6.0M0.6116.75N/AN/A7,3884,535104,909127,575