LOW Options History — February 2023

In February 2023, LOW traded between $201.36 and $220.88. ATM implied volatility averaged 34.5%, placing in the 39.7% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 5.9% (HV 20d: 28.6%). Max pain ranged from $200.00 to $210.00. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 1.30.

Notable Days

  • 2023-02-28: Highest Volume — 44,282 contracts
  • 2023-02-14: Largest IV drop — 5.0% change
  • 2023-02-13: Highest IV Rank — 47.5%
  • 2023-02-21: Largest Expected Move — 10.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$210.46$201.36$220.88$214.91$206.81
Max Pain$208.95$200.00$210.00$200.00$210.00
ATM IV34.5%32.3%36.3%32.4%32.3%
Expected Move9.9%7.8%10.6%7.8%9.9%
HV 20d28.6%25.3%30.9%25.5%30.8%
HV 60d28.7%26.0%33.2%32.8%27.1%
IV Rank39.7%30.3%47.5%30.9%30.3%
IV Percentile54.7%34.5%72.6%35.3%34.5%
Term Structure-1.3%-2.3%0.5%-1.0%-0.3%
VWIV34.5%27.5%37.3%27.5%34.5%
Skew 25d5.7%4.9%6.5%6.1%5.4%
Skew 10d11.2%9.3%12.9%12.2%11.0%
Call IV 25d31.7%29.3%33.7%29.7%29.3%
Put IV 25d37.5%34.7%39.5%35.8%34.7%
Bid-Ask Spread %15.209.1621.2016.899.46
Gamma HHI0.090.070.190.090.09
Net GEX4.2M-21.5M25.6M20.1M8.6M
Net DEX-185.2M-627.5M176.2M-405.3M-105.1M
Net VEX-4.3M-4.6M-4.1M-4.3M-4.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.300.292.581.690.83
Total Volume12,446.5264,35144,28212,71444,282
Total OI168,197.526157,104177,943160,373177,943

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$214.91$200.0032.4%7.8%25.5%30.9%27.5%6.1%-1.0%20.1M-405.3M-4.3M1.6916.89N/AN/A4,7287,98670,36590,008
2023-02-02$220.88$200.0033.4%9.2%26.9%35.1%34.6%4.9%-1.2%25.6M-627.5M-4.3M1.3913.75N/AN/A5,8348,13672,19190,914
2023-02-03$215.32$210.0033.9%9.0%29.0%37.1%33.3%5.4%-1.5%17.8M-415.0M-4.4M1.2719.02N/AN/A4,9136,22472,91292,942
2023-02-06$215.47$210.0034.0%9.2%29.0%37.9%33.5%5.3%-1.6%12.3M-351.9M-4.3M0.2921.20N/AN/A10,2352,95268,93888,166
2023-02-07$214.70$210.0034.4%9.9%28.9%39.3%34.7%5.4%0.5%21.2M-421.2M-4.6M1.3418.98N/AN/A2,6693,58383,40289,789
2023-02-08$212.47$210.0035.4%10.0%29.3%43.7%33.6%5.3%-0.5%7.1M-233.5M-4.4M1.1717.12N/AN/A2,0012,35072,44891,769
2023-02-09$208.54$210.0035.7%10.0%27.5%45.0%35.5%5.7%-1.0%-2.9M-70.1M-4.5M1.1019.72N/AN/A3,0293,34373,53192,666
2023-02-10$208.34$210.0035.4%10.0%27.3%43.9%34.4%6.0%-1.2%1.5M-71.8M-4.4M2.5816.47N/AN/A2,8847,43774,80693,441
2023-02-13$213.87$210.0036.3%10.4%28.5%47.5%34.4%6.3%-2.1%12.3M-294.5M-4.4M1.0514.84N/AN/A4,1634,35973,35089,457
2023-02-14$213.98$210.0034.4%9.9%28.0%39.6%34.0%5.8%-2.1%13.6M-298.6M-4.3M1.3918.32N/AN/A3,7435,21274,47391,259
2023-02-15$214.13$210.0034.4%9.9%27.9%39.5%33.5%5.6%-2.1%13.1M-315.8M-4.3M2.3519.20N/AN/A1,8684,39176,85593,429
2023-02-16$214.39$210.0034.7%10.1%25.3%40.7%35.8%5.7%-2.3%11.3M-324.4M-4.3M1.8813.85N/AN/A2,1914,12377,38595,350
2023-02-17$212.55$210.0034.0%9.9%25.5%37.8%34.3%5.9%-2.0%-21.5M-248.9M-4.3M1.1418.20N/AN/A12,53714,28078,21896,235
2023-02-21$202.76$210.0035.4%10.6%30.9%43.8%37.3%6.5%-1.5%-14.4M176.2M-4.2M1.3210.23N/AN/A5,5197,31276,73589,600
2023-02-22$202.16$210.0035.6%10.5%30.8%44.6%35.3%6.1%-0.8%-15.7M166.7M-4.2M0.689.16N/AN/A3,9422,68779,24691,648
2023-02-23$202.17$210.0035.0%10.2%30.8%42.2%35.9%5.9%-1.1%-16.6M158.1M-4.2M1.6911.27N/AN/A3,5155,95580,62392,383
2023-02-24$201.36$210.0034.4%10.2%30.2%39.7%35.9%5.9%-1.0%-13.4M151.8M-4.1M0.849.61N/AN/A6,6645,59382,37491,580
2023-02-27$204.00$210.0033.6%10.5%30.5%36.1%36.7%5.9%-1.0%78.4K12.7M-4.2M0.6711.57N/AN/A9,4776,36780,59388,729
2023-02-28$206.81$210.0032.3%9.9%30.8%30.3%34.5%5.4%-0.3%8.6M-105.1M-4.3M0.839.46N/AN/A24,18020,10285,78692,157