LOW Options History — May 2022

In May 2022, LOW traded between $182.57 and $207.61. ATM implied volatility averaged 40.7%, placing in the 77.7% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded below realized volatility by 0.4% (HV 20d: 41.1%). Max pain ranged from $195.00 to $210.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.17.

Notable Days

2022-05-18: Highest Volume — 68,835 contracts
2022-05-05: Largest IV spike — 12.2% change
2022-05-09: Highest IV Rank — 100.0%
2022-05-02: Largest Expected Move — 13.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$193.17	$182.57	$207.61	$202.29	$196.39
Max Pain	$202.26	$195.00	$210.00	$210.00	$197.50
ATM IV	40.7%	31.3%	48.5%	43.1%	33.2%
Expected Move	11.7%	8.9%	13.6%	13.6%	9.7%
HV 20d	41.1%	32.1%	46.1%	32.2%	45.2%
HV 60d	35.6%	32.1%	37.7%	32.3%	37.5%
IV Rank	77.7%	43.3%	100.0%	92.5%	49.6%
IV Percentile	92.2%	74.2%	100.0%	99.6%	75.4%
Term Structure	-1.0%	-2.5%	0.4%	-1.7%	-0.6%
VWIV	41.9%	31.8%	48.3%	48.3%	36.7%
Skew 25d	7.4%	5.9%	8.7%	8.5%	5.9%
Skew 10d	15.6%	11.4%	18.8%	18.8%	11.4%
Call IV 25d	37.8%	28.8%	45.1%	38.2%	30.7%
Put IV 25d	45.2%	34.8%	53.6%	46.8%	36.6%
Bid-Ask Spread %	25.30	11.26	39.29	32.09	11.45
Gamma HHI	0.08	0.07	0.09	0.07	0.08
Net GEX	-15.6M	-36.7M	6.6M	-8.1M	-7.5M
Net DEX	322.5M	-87.3M	722.2M	93.5M	91.1M
Net VEX	-5.5M	-6.2M	-4.9M	-6.0M	-5.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.17	0.68	1.82	1.12	1.16
Total Volume	24,155.81	13,357	68,835	26,621	13,969
Total OI	214,426	195,817	248,478	197,323	198,928

Daily Data (21 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
2022-05-02	$202.29	$210.00	43.1%	13.6%	32.2%	92.5%	48.3%	8.5%	-1.7%	-8.1M	93.5M	-6.0M	1.12	32.09	N/A	N/A	12,530	14,091	89,195	108,128
2022-05-03	$200.89	$207.50	41.8%	13.6%	32.1%	87.4%	47.9%	7.2%	-1.4%	-8.9M	158.3M	-6.1M	1.20	11.26	N/A	N/A	6,062	7,295	94,785	116,581
2022-05-04	$207.61	$207.50	38.2%	12.8%	34.2%	74.3%	45.7%	7.2%	-2.1%	6.6M	-87.3M	-6.2M	0.92	36.83	N/A	N/A	8,441	7,726	95,608	117,761
2022-05-05	$195.29	$210.00	42.9%	11.6%	40.0%	91.6%	40.4%	8.3%	-1.2%	-21.0M	388.7M	-5.9M	0.84	35.14	N/A	N/A	12,374	10,367	96,736	119,512
2022-05-06	$192.39	$210.00	43.9%	11.9%	39.6%	95.4%	42.6%	8.6%	-1.8%	-23.7M	477.3M	-5.7M	1.41	21.98	N/A	N/A	8,088	11,369	96,588	120,279
2022-05-09	$196.28	$210.00	45.4%	12.5%	39.8%	100.0%	44.1%	7.3%	-1.3%	-16.9M	305.0M	-5.9M	0.93	25.90	N/A	N/A	8,640	8,012	90,719	117,876
2022-05-10	$192.35	$210.00	46.6%	12.8%	40.1%	100.0%	43.7%	8.0%	-1.6%	-20.9M	420.8M	-5.7M	0.88	25.34	N/A	N/A	10,005	8,807	91,789	119,005
2022-05-11	$188.05	$200.00	47.1%	13.0%	40.7%	100.0%	45.9%	8.7%	-1.1%	-24.5M	557.0M	-5.6M	1.07	34.54	N/A	N/A	9,051	9,691	95,481	120,995
2022-05-12	$190.91	$200.00	48.5%	13.6%	40.9%	100.0%	47.0%	8.5%	-1.8%	-21.9M	440.6M	-5.7M	1.13	37.15	N/A	N/A	8,300	9,384	97,592	122,180
2022-05-13	$194.32	$200.00	45.6%	12.6%	41.1%	90.6%	44.5%	8.4%	-2.0%	-16.4M	313.4M	-5.7M	0.99	28.30	N/A	N/A	8,976	8,891	98,516	122,499
2022-05-16	$195.14	$200.00	46.2%	13.1%	40.5%	92.5%	46.5%	8.1%	-2.5%	-13.7M	262.3M	-5.6M	1.51	29.07	N/A	N/A	11,158	16,868	95,812	116,020
2022-05-17	$194.32	$200.00	42.0%	12.0%	39.2%	78.8%	44.4%	7.3%	-1.4%	-16.2M	284.5M	-5.5M	1.51	38.73	N/A	N/A	22,463	33,903	99,597	123,273
2022-05-18	$182.57	$200.00	41.8%	12.0%	42.5%	77.9%	42.2%	7.4%	-1.0%	-36.7M	722.2M	-5.0M	1.82	39.29	N/A	N/A	24,451	44,384	107,947	134,559
2022-05-19	$189.49	$200.00	38.2%	11.0%	44.9%	66.1%	40.6%	6.6%	-0.9%	-24.0M	447.8M	-5.3M	1.41	27.21	N/A	N/A	14,247	20,023	112,905	135,520
2022-05-20	$183.76	$200.00	37.8%	10.8%	44.7%	64.9%	39.6%	7.3%	0.4%	-17.0M	693.5M	-5.0M	1.51	13.73	N/A	N/A	11,653	17,604	112,441	136,037
2022-05-23	$185.45	$200.00	36.1%	10.5%	44.7%	59.3%	37.5%	6.9%	0.4%	-17.3M	450.6M	-5.0M	0.68	13.16	N/A	N/A	10,829	7,328	92,461	103,356
2022-05-24	$185.25	$200.00	36.7%	10.7%	44.6%	61.3%	37.6%	6.3%	0.0%	-16.7M	443.4M	-4.9M	1.18	22.64	N/A	N/A	7,094	8,359	94,368	104,590
2022-05-25	$188.91	$195.00	35.2%	10.3%	45.4%	56.4%	38.3%	6.6%	0.1%	-13.2M	310.4M	-5.1M	1.27	12.05	N/A	N/A	6,782	8,598	95,250	104,869
2022-05-26	$195.55	$195.00	33.1%	9.6%	46.1%	49.2%	33.8%	6.4%	0.3%	-4.5M	65.3M	-5.2M	0.95	16.87	N/A	N/A	8,495	8,078	96,170	105,093
2022-05-27	$199.28	$195.00	31.3%	8.9%	45.3%	43.3%	31.8%	6.0%	0.1%	-4.2M	-67.0M	-5.2M	1.09	18.53	N/A	N/A	10,946	11,940	96,262	105,663
2022-05-31	$196.39	$197.50	33.2%	9.7%	45.2%	49.6%	36.7%	5.9%	-0.6%	-7.5M	91.1M	-5.1M	1.16	11.45	N/A	N/A	6,457	7,512	94,295	104,633