LOW Options History — November 2021

In November 2021, LOW traded between $231.32 and $253.70. ATM implied volatility averaged 27.4%, placing in the 43.4% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 11.6% (HV 20d: 15.8%). Max pain ranged from $220.00 to $240.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.94.

Notable Days

  • 2021-11-17: Highest Volume — 90,237 contracts
  • 2021-11-17: Largest IV drop — 18.7% change
  • 2021-11-10: Highest IV Rank — 58.9%
  • 2021-11-03: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$241.22$231.32$253.70$231.32$246.06
Max Pain$228.10$220.00$240.00$220.00$240.00
ATM IV27.4%23.8%30.5%28.2%27.3%
Expected Move8.0%6.9%9.6%9.2%8.4%
HV 20d15.8%11.8%20.7%13.0%20.4%
HV 60d20.9%15.4%28.3%28.3%17.5%
IV Rank43.4%27.2%58.9%39.1%43.7%
IV Percentile61.5%34.9%84.1%66.7%58.7%
Term Structure-0.7%-1.8%0.2%-1.0%0.2%
VWIV28.6%24.9%34.3%33.2%30.3%
Skew 25d1.4%0.2%2.6%1.8%2.6%
Skew 10d3.2%0.9%5.7%4.1%5.7%
Call IV 25d27.7%24.8%31.0%27.4%26.9%
Put IV 25d29.1%25.3%31.9%29.2%29.5%
Bid-Ask Spread %32.9810.0348.1315.3844.72
Gamma HHI0.110.070.370.080.08
Net GEX24.8M10.7M53.3M10.7M14.4M
Net DEX-1.18B-1.64B-885.8M-885.8M-1.01B
Net VEX-5.4M-5.7M-4.8M-5.7M-5.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.940.271.560.461.41
Total Volume31,517.8113,89090,23743,82025,650
Total OI231,438.095207,896277,098213,197219,698

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-11-01$231.32$220.0028.2%9.2%13.0%39.1%33.2%1.8%-1.0%10.7M-885.8M-5.7M0.4615.38N/AN/A30,04813,77282,907130,290
2021-11-02$233.28$220.0027.8%9.4%13.0%39.1%33.5%2.3%-0.8%20.0M-974.9M-5.6M1.0510.03N/AN/A10,27310,81389,254132,991
2021-11-03$234.31$220.0028.0%9.6%12.5%42.3%34.3%2.1%-0.9%24.4M-1.06B-5.5M1.1430.63N/AN/A9,67911,04591,138134,556
2021-11-04$237.21$220.0028.3%7.6%12.0%48.6%28.0%1.9%-1.3%33.8M-1.19B-5.4M1.3240.03N/AN/A11,08314,60392,527135,352
2021-11-05$235.88$220.0028.9%7.7%11.8%51.7%27.9%1.7%-1.3%27.4M-1.12B-5.5M1.5627.83N/AN/A8,20612,82892,997137,232
2021-11-08$234.84$220.0029.7%8.2%12.2%55.3%28.9%2.3%-1.1%16.9M-996.9M-5.6M1.4439.54N/AN/A6,94610,00187,763132,218
2021-11-09$233.60$220.0029.3%8.3%12.8%53.3%28.5%2.3%0.0%16.3M-969.9M-5.5M0.9934.89N/AN/A8,1808,11688,584133,378
2021-11-10$231.97$220.0030.5%8.4%13.4%58.9%29.4%0.9%-1.1%15.2M-899.4M-5.7M0.2735.39N/AN/A54,74714,82290,267134,153
2021-11-11$232.81$220.0029.8%8.2%12.5%55.8%29.2%0.9%-1.3%20.6M-950.0M-5.7M0.6442.35N/AN/A15,85410,100107,763138,354
2021-11-12$236.36$220.0029.5%8.1%12.3%54.5%29.7%1.1%-1.8%31.7M-1.12B-5.6M0.7535.44N/AN/A13,45110,076106,449140,725
2021-11-15$234.81$220.0030.2%8.6%12.6%57.8%29.8%1.7%-1.5%15.6M-1.03B-5.4M1.0629.88N/AN/A12,21612,97593,467135,882
2021-11-16$244.82$230.0029.9%8.5%18.7%56.1%30.8%0.2%-0.9%21.0M-1.43B-5.0M0.8044.81N/AN/A35,97928,61496,728139,235
2021-11-17$246.36$230.0024.3%7.0%18.7%29.4%25.4%0.6%-0.3%38.3M-1.56B-5.0M0.5848.13N/AN/A57,16333,074112,975150,936
2021-11-18$247.57$230.0023.9%6.9%18.5%27.8%24.9%0.6%-0.5%42.2M-1.60B-4.9M0.5530.95N/AN/A27,56215,236118,739156,075
2021-11-19$249.14$240.0023.8%6.9%18.5%27.2%25.0%0.4%-0.4%53.3M-1.64B-4.9M0.6617.65N/AN/A15,80210,409118,959158,139
2021-11-22$253.70$240.0024.3%7.1%19.0%29.5%26.2%0.4%-0.2%28.9M-1.39B-4.8M0.6923.85N/AN/A16,86811,69589,155118,741
2021-11-23$251.47$240.0024.9%7.2%19.6%32.1%25.6%1.0%-0.5%25.7M-1.28B-5.3M1.1614.56N/AN/A11,12112,89492,597121,765
2021-11-24$252.64$240.0024.3%7.1%19.6%29.5%25.3%1.0%-0.3%26.0M-1.36B-5.0M1.2841.13N/AN/A6,0947,79695,597125,947
2021-11-26$248.61$240.0027.3%8.1%20.7%43.8%28.7%1.5%-0.8%17.6M-1.14B-5.5M0.9047.65N/AN/A9,7638,80295,708125,944
2021-11-29$248.96$240.0025.7%7.6%20.5%36.2%27.1%1.8%0.1%21.2M-1.17B-5.2M1.0937.81N/AN/A8,3669,15293,760121,255
2021-11-30$246.06$240.0027.3%8.4%20.4%43.7%30.3%2.6%0.2%14.4M-1.01B-5.6M1.4144.72N/AN/A10,64715,00395,908123,790