LOW Options History — August 2021

In August 2021, LOW traded between $182.49 and $208.50. ATM implied volatility averaged 25.2%, placing in the 27.4% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded below realized volatility by 6.4% (HV 20d: 31.6%). Max pain ranged from $190.00 to $195.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 1.17.

Notable Days

  • 2021-08-18: Highest Volume — 185,470 contracts
  • 2021-08-18: Largest IV drop — 18.6% change
  • 2021-08-17: Highest IV Rank — 45.5%
  • 2021-08-04: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$197.06$182.49$208.50$191.61$204.13
Max Pain$192.27$190.00$195.00$195.00$195.00
ATM IV25.2%19.6%29.9%28.9%20.4%
Expected Move7.2%5.2%9.5%9.2%5.5%
HV 20d31.6%18.8%45.3%19.6%44.7%
HV 60d23.0%16.2%28.7%21.5%28.6%
IV Rank27.4%5.9%45.5%41.7%9.0%
IV Percentile30.6%1.6%63.1%52.8%6.7%
Term Structure-0.4%-2.3%1.0%-2.2%1.0%
VWIV26.0%19.3%34.1%32.7%20.0%
Skew 25d2.8%1.8%6.6%4.1%2.8%
Skew 10d6.3%3.7%12.5%8.6%6.7%
Call IV 25d24.3%18.7%28.6%26.5%20.0%
Put IV 25d27.2%20.6%31.6%30.6%22.7%
Bid-Ask Spread %16.683.4237.2712.2526.70
Gamma HHI0.150.090.410.100.15
Net GEX189.1K-72.9M58.8M-9.5M17.2M
Net DEX-393.3M-1.43B387.0M-98.7M-621.6M
Net VEX-5.8M-6.3M-5.4M-5.7M-6.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.170.473.400.620.92
Total Volume35,637.4558,581185,4708,58111,565
Total OI240,045.545210,193310,453210,193247,071

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-08-02$191.61$195.0028.9%9.2%19.6%41.7%32.7%4.1%-2.2%-9.5M-98.7M-5.7M0.6212.25N/AN/A5,3053,27690,940119,253
2021-08-03$193.59$195.0028.4%9.2%20.0%39.8%32.3%3.5%-1.9%-1.4M-199.2M-5.7M0.6031.48N/AN/A5,5753,36492,485120,273
2021-08-04$190.22$195.0028.8%9.5%20.7%41.1%34.1%2.4%-1.0%-15.1M-29.7M-5.6M3.4017.99N/AN/A5,35018,19393,499121,559
2021-08-05$190.48$190.0028.3%7.7%19.8%39.5%27.6%6.6%-1.9%-15.7M-16.7M-5.8M0.8611.15N/AN/A5,5464,75394,991122,982
2021-08-06$190.06$190.0027.3%7.5%18.8%35.4%26.2%3.2%-2.3%-47.7M33.9M-5.7M1.309.91N/AN/A8,33510,86396,703131,405
2021-08-09$188.21$190.0027.0%7.6%19.0%34.4%27.2%2.8%0.0%-30.3M113.2M-5.8M1.0910.99N/AN/A4,8665,32691,198127,283
2021-08-10$189.60$190.0027.2%7.6%19.2%35.0%26.5%3.9%-0.4%-28.7M51.4M-5.8M1.1831.68N/AN/A6,2087,34093,933130,646
2021-08-11$194.40$190.0027.7%7.7%21.2%37.2%27.6%3.2%-1.1%-3.8M-263.7M-5.7M0.6537.27N/AN/A11,6897,60494,667132,729
2021-08-12$192.01$190.0028.4%8.0%21.1%39.9%28.0%2.3%-0.8%-19.9M-89.5M-5.8M0.479.98N/AN/A11,9695,67195,737136,300
2021-08-13$190.45$190.0027.8%7.8%21.3%37.5%27.4%2.9%-0.9%-72.9M5.3M-5.8M2.4019.84N/AN/A5,53513,26598,310137,685
2021-08-16$192.77$190.0028.2%8.0%20.4%39.1%28.6%2.4%-1.2%-6.5M-157.8M-5.7M1.3421.25N/AN/A10,21913,71998,401125,421
2021-08-17$182.49$190.0029.9%8.5%27.7%45.5%30.0%3.0%-0.3%-29.7M387.0M-5.5M1.7813.05N/AN/A36,49164,866100,050131,578
2021-08-18$200.78$190.0024.3%7.0%44.7%24.0%26.0%2.1%1.0%25.6M-626.2M-5.6M0.847.76N/AN/A100,72584,745103,791138,296
2021-08-19$202.32$190.0025.0%7.1%44.6%26.6%26.1%2.7%0.4%58.8M-1.02B-5.6M0.8737.23N/AN/A39,78934,673122,497162,457
2021-08-20$208.50$190.0023.3%6.5%45.3%20.1%24.0%1.8%0.9%26.4M-1.43B-5.6M0.553.42N/AN/A52,58828,928132,655177,798
2021-08-23$206.53$195.0021.8%6.2%44.9%14.1%22.7%2.2%0.7%26.4M-841.2M-5.4M0.9713.09N/AN/A20,04219,53999,458131,012
2021-08-24$203.33$195.0020.9%6.0%44.5%10.9%21.2%1.8%0.1%18.7M-676.9M-5.7M1.203.44N/AN/A18,84122,625105,398137,232
2021-08-25$206.24$195.0020.6%5.8%44.6%9.5%21.1%2.5%-0.1%25.3M-818.1M-5.9M1.1323.09N/AN/A7,5828,551111,823143,963
2021-08-26$205.61$195.0020.8%5.8%44.7%10.5%22.4%2.2%0.2%23.1M-789.3M-6.3M1.427.31N/AN/A7,66610,911119,232152,595
2021-08-27$206.77$195.0019.6%5.2%44.6%5.9%19.3%1.9%0.7%44.5M-887.9M-6.0M1.207.48N/AN/A8,39910,087121,182153,436
2021-08-30$205.24$195.0020.0%5.6%44.7%7.3%19.9%2.2%0.8%19.3M-679.2M-6.1M0.9910.53N/AN/A10,79110,649109,573133,505
2021-08-31$204.13$195.0020.4%5.5%44.7%9.0%20.0%2.8%1.0%17.2M-621.6M-6.1M0.9226.70N/AN/A6,0115,554111,999135,072