LOW Options History — January 2022

In January 2022, LOW traded between $224.46 and $260.35. ATM implied volatility averaged 28.7%, placing in the 49.4% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 2.6% (HV 20d: 26.1%). Max pain ranged from $210.00 to $250.00. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.92.

Notable Days

  • 2022-01-14: Highest Volume — 147,686 contracts
  • 2022-01-20: Largest IV spike — 18.9% change
  • 2022-01-25: Highest IV Rank — 100.0%
  • 2022-01-25: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$241.46$224.46$260.35$255.45$236.57
Max Pain$238.00$210.00$250.00$210.00$230.00
ATM IV28.7%21.1%40.7%21.3%35.4%
Expected Move7.9%5.9%10.4%5.9%8.7%
HV 20d26.1%21.7%31.9%21.7%31.9%
HV 60d22.0%18.8%25.3%18.8%25.3%
IV Rank49.4%14.5%100.0%15.5%76.5%
IV Percentile60.8%17.9%100.0%21.4%97.6%
Term Structure0.6%-2.0%6.2%0.6%-0.9%
VWIV27.8%20.6%36.3%21.4%31.3%
Skew 25d4.9%2.5%10.1%2.5%6.2%
Skew 10d10.7%4.4%17.0%5.3%12.5%
Call IV 25d27.1%20.7%38.1%21.1%32.5%
Put IV 25d32.0%23.2%45.6%23.6%38.6%
Bid-Ask Spread %24.9112.9442.2139.1125.52
Gamma HHI0.110.050.230.180.06
Net GEX7.2M-16.3M39.5M24.1M10.4M
Net DEX-608.0M-1.39B176.9M-1.22B-407.5M
Net VEX-5.0M-5.5M-4.6M-4.7M-5.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.122.231.341.71
Total Volume28,623.0515,982147,68617,81816,183
Total OI195,993.05138,026230,255206,164147,876

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-01-03$255.45$210.0021.3%5.9%21.7%15.5%21.4%2.5%0.6%24.1M-1.22B-4.7M1.3439.11N/AN/A7,62710,19190,848115,316
2022-01-04$260.35$210.0021.1%5.9%22.1%14.5%20.6%2.5%0.3%32.0M-1.39B-4.7M0.3726.31N/AN/A21,4977,85691,960118,795
2022-01-05$255.86$210.0022.5%6.3%22.0%20.8%22.3%2.7%0.2%27.0M-1.25B-4.9M0.9632.08N/AN/A8,6328,276101,800120,392
2022-01-06$257.75$250.0022.3%6.6%22.2%20.0%23.1%3.9%0.5%39.5M-1.33B-4.8M0.8042.21N/AN/A12,82710,250102,313121,310
2022-01-07$251.47$250.0023.7%7.0%23.6%26.8%24.2%4.0%0.2%-11.4M-981.8M-5.0M0.7315.00N/AN/A15,13211,083104,828123,908
2022-01-10$246.13$250.0025.2%7.0%24.3%33.9%26.1%4.0%-0.8%5.2M-833.3M-4.8M1.0128.32N/AN/A9,5069,56098,211118,519
2022-01-11$249.62$250.0023.3%6.8%24.7%24.8%26.2%3.5%0.4%9.9M-940.4M-4.9M0.7120.02N/AN/A9,3576,62598,352119,650
2022-01-12$250.77$250.0023.0%6.6%23.7%23.2%24.6%3.7%-0.1%9.7M-1.01B-4.6M0.7823.66N/AN/A9,6897,58599,478121,392
2022-01-13$250.98$250.0023.4%6.7%22.5%25.4%23.0%3.3%0.0%4.5M-999.2M-4.7M0.7635.34N/AN/A12,2829,375100,013122,705
2022-01-14$243.33$250.0023.6%7.0%24.6%26.0%23.9%4.2%1.1%1.9M-683.9M-5.0M0.1230.64N/AN/A131,40616,280103,158127,097
2022-01-18$237.61$250.0026.1%7.5%24.7%37.9%26.2%5.5%5.4%-4.9M-140.0M-5.2M0.3412.94N/AN/A28,0549,49280,613124,419
2022-01-19$235.68$250.0025.4%7.3%24.5%34.8%26.2%5.0%6.2%-10.4M-118.8M-5.0M0.3817.91N/AN/A18,3266,94682,075126,690
2022-01-20$224.46$250.0030.2%8.5%29.4%57.6%28.8%5.7%4.0%-16.3M176.9M-5.0M0.8613.29N/AN/A16,36014,01182,938127,564
2022-01-21$224.93$240.0033.7%9.4%28.6%74.5%32.2%7.1%2.2%-9.1M124.8M-5.2M0.9219.10N/AN/A12,81811,79784,670126,077
2022-01-24$230.40$240.0037.9%10.0%30.4%94.1%34.7%10.1%-1.6%2.7M-207.1M-5.2M0.4920.59N/AN/A13,4926,54964,42573,601
2022-01-25$230.53$230.0039.1%10.4%29.9%100.0%36.1%7.5%-1.4%7.5M-261.2M-5.3M1.6231.81N/AN/A7,44212,04069,96575,171
2022-01-26$227.08$230.0039.5%10.1%29.9%100.0%34.4%3.0%-1.7%6.9M-183.2M-5.4M1.2328.15N/AN/A7,3629,07671,93875,078
2022-01-27$226.65$230.0040.7%10.4%29.0%100.0%36.3%7.5%-2.0%5.0M-156.8M-5.5M2.2317.44N/AN/A7,97617,82173,34777,316
2022-01-28$233.53$230.0036.4%9.5%31.8%80.9%33.5%6.0%-0.1%10.6M-350.5M-5.5M1.0918.76N/AN/A10,36111,31975,12480,929
2022-01-31$236.57$230.0035.4%8.7%31.9%76.5%31.3%6.2%-0.9%10.4M-407.5M-5.5M1.7125.52N/AN/A5,96910,21469,66678,210