LOW Options History — January 2023

In January 2023, LOW traded between $198.70 and $212.54. ATM implied volatility averaged 29.3%, placing in the 22.4% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 7.0% (HV 20d: 22.3%). Max pain ranged from $200.00 to $200.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 1.39.

Notable Days

  • 2023-01-13: Highest Volume — 21,318 contracts
  • 2023-01-30: Largest IV spike — 13.8% change
  • 2023-01-03: Highest IV Rank — 42.2%
  • 2023-01-03: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$204.25$198.70$212.54$198.70$207.29
Max Pain$200.00$200.00$200.00$200.00$200.00
ATM IV29.3%26.0%33.4%32.3%33.4%
Expected Move8.4%7.7%9.5%9.5%8.4%
HV 20d22.3%20.7%27.9%27.9%22.6%
HV 60d35.2%33.0%36.9%36.8%33.0%
IV Rank22.4%9.9%42.2%42.2%35.1%
IV Percentile15.7%3.2%44.8%32.9%44.8%
Term Structure1.1%-1.2%4.7%0.0%-1.2%
VWIV29.7%27.3%32.9%32.9%30.1%
Skew 25d4.8%3.8%5.9%5.9%5.2%
Skew 10d9.6%7.9%12.0%12.0%11.1%
Call IV 25d27.3%24.6%31.1%30.3%31.1%
Put IV 25d32.1%28.4%36.3%36.1%36.3%
Bid-Ask Spread %9.634.7520.2411.039.78
Gamma HHI0.100.070.130.110.08
Net GEX-46.9K-13.6M24.1M-13.6M2.2M
Net DEX-98.2M-543.4M131.1M131.1M-106.2M
Net VEX-3.9M-4.4M-3.6M-4.1M-4.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.390.573.171.630.58
Total Volume11,211.655,17021,3187,2199,901
Total OI197,878.3118,653242,965217,208155,523

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$198.70$200.0032.3%9.5%27.9%42.2%32.9%5.9%0.0%-13.6M131.1M-4.1M1.6311.03N/AN/A2,7504,469111,690105,518
2023-01-04$200.05$200.0031.1%8.9%24.4%36.5%31.4%5.3%-0.1%-9.9M72.4M-4.1M1.499.42N/AN/A2,4163,592112,755106,498
2023-01-05$200.50$200.0031.4%9.0%23.0%37.5%32.3%5.4%-0.4%-10.1M54.3M-4.1M1.4020.24N/AN/A2,1513,019113,170107,869
2023-01-06$201.34$200.0029.9%8.7%21.3%29.2%29.7%4.9%0.1%-8.1M16.7M-4.0M1.019.84N/AN/A6,5176,557113,613108,909
2023-01-09$200.02$200.0030.0%8.6%20.7%29.2%30.3%5.4%0.2%-11.4M74.2M-3.9M1.4812.48N/AN/A3,6155,342113,169108,211
2023-01-10$200.55$200.0029.3%8.5%20.7%25.0%30.1%5.3%0.1%-12.2M58.2M-3.8M1.1710.80N/AN/A2,4802,897114,636110,648
2023-01-11$207.84$200.0028.0%8.2%24.0%19.9%30.4%5.4%0.4%9.4M-299.7M-3.8M0.7612.53N/AN/A6,5724,965115,141111,253
2023-01-12$209.71$200.0027.6%8.1%20.8%18.1%29.1%4.7%0.6%19.0M-389.1M-3.8M1.3512.21N/AN/A3,8735,239117,995112,255
2023-01-13$212.54$200.0026.0%7.8%21.4%11.8%27.3%3.8%1.6%24.1M-543.4M-3.6M1.134.89N/AN/A9,99111,327118,898113,482
2023-01-17$209.69$200.0027.5%7.9%21.1%16.3%27.3%4.7%0.5%15.2M-401.2M-3.7M1.036.14N/AN/A5,6175,791120,214111,665
2023-01-18$208.43$200.0027.0%7.7%20.7%13.7%28.2%4.5%0.6%12.2M-341.5M-3.6M1.215.16N/AN/A5,5426,733122,250113,276
2023-01-19$202.16$200.0029.7%8.5%22.9%19.1%29.4%4.7%0.0%-9.3M-33.2M-3.6M1.737.40N/AN/A7,05012,184123,782114,248
2023-01-20$204.07$200.0028.6%8.3%23.0%14.7%27.6%4.3%-0.9%-2.6M-157.7M-3.6M1.024.75N/AN/A5,7875,916125,968116,997
2023-01-23$204.56$200.0028.2%8.2%23.0%13.0%28.8%4.5%3.8%97.3K-24.3M-3.6M0.807.69N/AN/A4,9183,92155,57263,081
2023-01-24$205.41$200.0027.5%8.0%22.1%9.9%28.9%4.4%3.9%1.6M-58.3M-3.8M0.5710.37N/AN/A9,5985,48357,65369,653
2023-01-25$205.36$200.0027.8%8.1%21.3%11.1%31.1%4.0%3.9%9.0M-128.4M-4.1M2.199.58N/AN/A2,5675,61369,57871,022
2023-01-26$201.79$200.0029.8%8.3%22.2%19.7%29.7%4.2%4.4%-573.1K8.1M-4.0M2.368.10N/AN/A4,27410,08970,79973,303
2023-01-27$202.88$200.0028.7%8.1%21.7%14.8%28.6%4.4%4.7%-8.9M48.0M-4.1M3.179.67N/AN/A4,25913,49868,69481,977
2023-01-30$202.06$200.0032.6%8.5%21.5%31.9%30.4%5.0%-1.1%-7.0M56.6M-4.4M1.7610.39N/AN/A2,7984,92268,96387,638
2023-01-31$207.29$200.0033.4%8.4%22.6%35.1%30.1%5.2%-1.2%2.2M-106.2M-4.3M0.589.78N/AN/A6,2553,64667,24788,276