LOW Options History — March 2022

In March 2022, LOW traded between $203.35 and $235.68. ATM implied volatility averaged 30.8%, placing in the 47.0% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 0.4% (HV 20d: 30.4%). Max pain ranged from $210.00 to $230.00. Net GEX was positive for 11 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 1.16.

Notable Days

2022-03-30: Highest Volume — 35,227 contracts
2022-03-18: Largest IV drop — 10.3% change
2022-03-07: Highest IV Rank — 70.5%
2022-03-07: Largest Expected Move — 12.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$223.19	$203.35	$235.68	$221.02	$203.35
Max Pain	$227.27	$210.00	$230.00	$230.00	$230.00
ATM IV	30.8%	25.2%	37.2%	35.7%	28.0%
Expected Move	9.8%	8.4%	12.2%	11.1%	9.4%
HV 20d	30.4%	26.8%	35.3%	26.8%	35.3%
HV 60d	28.7%	26.9%	32.0%	26.9%	32.0%
IV Rank	47.0%	26.3%	70.5%	65.0%	36.4%
IV Percentile	75.4%	48.0%	96.4%	93.7%	63.1%
Term Structure	-0.1%	-1.3%	1.2%	-0.9%	0.4%
VWIV	35.5%	30.5%	45.6%	39.2%	32.4%
Skew 25d	5.9%	4.2%	7.6%	7.3%	4.5%
Skew 10d	12.1%	8.3%	15.0%	14.1%	8.7%
Call IV 25d	28.8%	24.1%	34.3%	32.8%	26.4%
Put IV 25d	34.8%	28.4%	41.9%	40.1%	31.0%
Bid-Ask Spread %	24.83	7.90	46.56	21.18	31.24
Gamma HHI	0.07	0.06	0.11	0.07	0.08
Net GEX	330.1K	-15.4M	20.4M	-3.0M	-15.4M
Net DEX	-151.1M	-569.3M	346.7M	-77.7M	346.7M
Net VEX	-5.2M	-5.5M	-4.8M	-5.3M	-5.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.16	0.68	1.64	1.37	1.29
Total Volume	16,868.13	11,059	35,227	14,174	25,894
Total OI	167,188.348	142,600	191,433	162,499	191,433

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-03-01	$221.02	$230.00	35.7%	11.1%	26.8%	65.0%	39.2%	7.3%	-0.9%	-3.0M	-77.7M	-5.3M	1.37	21.18	N/A	N/A	5,990	8,184	70,912	91,587
2022-03-02	$229.82	$230.00	32.2%	9.7%	30.5%	52.3%	39.2%	6.6%	-0.2%	5.1M	-323.8M	-5.3M	1.54	12.34	N/A	N/A	6,090	9,353	72,386	93,368
2022-03-03	$225.54	$230.00	33.3%	10.1%	31.0%	56.2%	34.2%	6.5%	-0.1%	1.7M	-218.7M	-5.3M	1.18	14.26	N/A	N/A	6,356	7,499	73,906	95,484
2022-03-04	$223.37	$230.00	34.7%	10.9%	30.6%	61.5%	39.0%	7.4%	-0.6%	-1.9M	-141.7M	-5.3M	1.64	25.21	N/A	N/A	4,966	8,126	74,324	96,966
2022-03-07	$222.76	$230.00	37.2%	12.2%	29.8%	70.5%	45.6%	7.6%	0.2%	-2.3M	-112.2M	-5.3M	1.45	26.05	N/A	N/A	5,009	7,277	71,883	91,603
2022-03-08	$225.15	$230.00	37.0%	12.0%	29.7%	69.9%	44.1%	7.2%	-1.3%	-431.5K	-180.0M	-5.3M	1.11	18.71	N/A	N/A	7,085	7,851	72,788	93,262
2022-03-09	$227.89	$230.00	34.0%	10.9%	28.8%	58.8%	39.0%	6.1%	-0.5%	2.9M	-262.5M	-5.4M	1.02	21.41	N/A	N/A	7,294	7,433	75,267	95,351
2022-03-10	$223.66	$230.00	34.7%	11.3%	29.3%	61.2%	40.9%	6.7%	0.3%	-3.4M	-122.1M	-5.4M	0.68	7.90	N/A	N/A	9,098	6,229	76,829	97,255
2022-03-11	$222.77	$230.00	34.6%	11.2%	27.2%	61.0%	41.6%	7.0%	1.1%	-2.9M	-100.7M	-5.3M	1.64	8.80	N/A	N/A	5,225	8,546	77,962	97,475
2022-03-14	$227.19	$210.00	34.9%	9.9%	28.1%	62.3%	35.8%	6.6%	0.0%	982.2K	-227.9M	-5.4M	1.33	30.15	N/A	N/A	5,680	7,550	75,317	95,674
2022-03-15	$231.28	$210.00	32.9%	9.6%	28.8%	54.8%	34.7%	6.2%	0.0%	5.5M	-365.8M	-5.3M	1.28	29.83	N/A	N/A	6,963	8,939	76,838	97,439
2022-03-16	$229.80	$210.00	29.6%	9.0%	28.9%	42.5%	31.6%	5.8%	0.1%	3.5M	-330.0M	-5.2M	1.00	35.63	N/A	N/A	6,731	6,763	78,688	97,803
2022-03-17	$233.90	$0.00	28.8%	9.0%	29.5%	39.5%	31.6%	5.4%	-1.3%	10.6M	-477.6M	-5.2M	1.21	46.56	N/A	N/A	4,993	6,066	79,499	98,144
2022-03-18	$235.68	$230.00	25.8%	8.4%	29.1%	28.5%	30.5%	5.2%	1.2%	20.4M	-569.3M	-5.0M	0.78	24.71	N/A	N/A	9,074	7,060	80,090	98,530
2022-03-21	$226.50	$230.00	28.4%	8.7%	32.7%	38.2%	31.5%	6.2%	0.1%	6.6M	-253.4M	-5.0M	0.94	32.22	N/A	N/A	8,138	7,636	66,263	76,337
2022-03-22	$228.92	$230.00	26.0%	8.5%	28.3%	29.2%	30.8%	6.3%	0.2%	10.4M	-324.3M	-5.0M	1.00	27.34	N/A	N/A	6,009	6,008	69,999	79,885
2022-03-23	$221.04	$230.00	28.2%	8.9%	31.4%	37.5%	32.4%	5.7%	-0.3%	-439.7K	-85.1M	-5.0M	1.36	24.64	N/A	N/A	6,565	8,913	71,391	81,661
2022-03-24	$218.98	$230.00	26.5%	8.7%	31.5%	31.1%	30.8%	4.7%	0.2%	-4.0M	-17.5M	-5.0M	0.97	21.50	N/A	N/A	5,773	5,617	73,150	84,798
2022-03-25	$212.04	$230.00	27.8%	8.9%	32.0%	36.0%	32.7%	4.6%	-0.1%	-9.6M	161.1M	-4.8M	1.28	29.00	N/A	N/A	12,225	15,691	74,497	85,991
2022-03-28	$213.52	$230.00	25.9%	8.9%	32.1%	28.6%	30.9%	4.6%	0.3%	-7.5M	97.1M	-4.8M	0.68	25.35	N/A	N/A	10,863	7,378	70,909	86,125
2022-03-29	$219.72	$230.00	25.2%	8.5%	33.8%	26.3%	32.6%	4.2%	0.1%	1.9M	-98.7M	-5.0M	1.16	30.65	N/A	N/A	13,254	15,346	74,205	88,524
2022-03-30	$209.43	$230.00	27.2%	9.0%	34.5%	33.6%	34.5%	4.3%	-0.1%	-11.0M	209.5M	-5.2M	0.86	26.43	N/A	N/A	18,909	16,318	78,453	95,081
2022-03-31	$203.35	$230.00	28.0%	9.4%	35.3%	36.4%	32.4%	4.5%	0.4%	-15.4M	346.7M	-5.5M	1.29	31.24	N/A	N/A	11,308	14,586	90,107	101,326