LOW Options History — March 2023

In March 2023, LOW traded between $189.59 and $201.95. ATM implied volatility averaged 28.1%, placing in the 12.7% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded below realized volatility by 4.0% (HV 20d: 32.1%). Max pain ranged from $200.00 to $210.00. Net GEX was positive for 1 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 1.50.

Notable Days

  • 2023-03-01: Highest Volume — 62,436 contracts
  • 2023-03-10: Largest IV spike — 11.3% change
  • 2023-03-10: Highest IV Rank — 26.6%
  • 2023-03-10: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$195.93$189.59$201.95$194.13$199.75
Max Pain$201.20$200.00$210.00$210.00$200.00
ATM IV28.1%24.1%31.4%28.4%24.1%
Expected Move8.0%6.7%8.9%8.2%6.7%
HV 20d32.1%21.5%37.0%37.0%23.4%
HV 60d28.3%27.7%29.6%29.6%28.7%
IV Rank12.7%0.0%26.6%13.7%0.0%
IV Percentile11.5%0.0%29.8%9.5%0.0%
Term Structure-0.0%-0.6%1.2%-0.4%0.3%
VWIV28.1%24.7%32.8%29.5%24.8%
Skew 25d5.3%4.3%6.6%5.6%5.0%
Skew 10d10.6%8.4%12.9%11.0%10.4%
Call IV 25d25.7%22.2%29.2%26.2%22.2%
Put IV 25d31.0%27.2%35.2%31.8%27.2%
Bid-Ask Spread %12.403.1318.616.887.09
Gamma HHI0.120.070.250.090.13
Net GEX-21.4M-42.5M11.9M-37.8M11.9M
Net DEX262.7M-49.7M500.6M500.6M-49.7M
Net VEX-3.9M-4.0M-3.6M-3.8M-4.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.500.577.831.070.57
Total Volume14,476.7836,26762,43662,43620,925
Total OI182,632.348155,617206,641197,299192,014

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$194.13$210.0028.4%8.2%37.0%13.7%29.5%5.6%-0.4%-37.8M500.6M-3.8M1.076.88N/AN/A30,16632,27094,203103,096
2023-03-02$194.75$210.0027.8%8.1%34.1%11.1%29.3%4.5%0.2%-30.1M402.3M-3.9M1.506.45N/AN/A6,4409,66399,601105,849
2023-03-03$200.27$207.5026.1%7.4%34.2%3.9%26.4%4.7%-0.1%-28.3M115.3M-4.0M0.683.13N/AN/A13,8079,434100,396106,245
2023-03-06$201.94$200.0026.5%7.5%33.6%5.4%25.9%4.8%-0.1%-2.7M22.3M-4.0M0.7814.93N/AN/A6,3134,90786,17594,983
2023-03-07$198.08$200.0026.8%7.7%34.0%6.9%27.4%4.6%-0.4%-13.2M199.7M-3.9M0.8713.91N/AN/A6,0115,23487,43096,849
2023-03-08$201.95$200.0026.8%7.7%35.0%6.9%29.0%4.7%-0.0%-2.3M28.5M-4.0M1.1411.11N/AN/A3,3943,86088,60498,175
2023-03-09$198.97$200.0028.2%8.1%35.2%12.9%29.5%4.3%-0.5%-11.9M163.8M-4.0M1.0315.01N/AN/A4,7654,92988,65798,605
2023-03-10$196.41$200.0031.4%8.9%34.9%26.6%30.3%5.0%-0.6%-18.8M295.6M-3.9M1.6014.01N/AN/A6,58710,51589,77899,309
2023-03-13$198.12$200.0030.8%8.6%35.2%24.0%32.8%5.8%-0.6%-18.4M235.7M-3.9M1.3417.53N/AN/A4,8536,52185,43497,017
2023-03-14$195.12$200.0030.4%8.7%33.7%22.1%29.2%5.9%-0.0%-29.1M384.7M-3.8M1.2314.81N/AN/A5,4376,67386,62099,664
2023-03-15$197.70$200.0031.0%8.8%34.3%24.8%31.8%6.6%-0.5%-25.3M255.3M-3.9M2.3816.45N/AN/A3,5178,38589,115100,828
2023-03-16$199.66$200.0028.5%8.1%34.6%14.2%28.1%5.8%-0.6%-23.0M160.9M-3.9M1.8218.61N/AN/A2,5274,60290,818103,457
2023-03-17$197.25$200.0030.3%8.7%34.7%21.8%29.6%6.3%0.2%-32.7M291.9M-3.9M1.4916.32N/AN/A5,8888,76393,054104,049
2023-03-20$196.91$200.0029.1%8.3%34.6%16.7%29.0%5.9%0.8%-12.3M188.9M-3.9M0.8411.62N/AN/A3,4102,85770,67184,946
2023-03-21$196.81$200.0027.2%7.8%30.6%8.3%27.2%5.5%1.2%-12.2M180.9M-3.8M0.9711.06N/AN/A4,1714,05772,90486,497
2023-03-22$193.69$200.0027.9%8.0%31.0%11.5%25.5%4.7%-0.1%-20.2M290.2M-3.8M0.7215.64N/AN/A5,6594,08574,78587,545
2023-03-23$190.24$200.0028.8%8.2%31.5%15.4%28.5%5.8%0.2%-29.7M438.0M-3.7M2.0614.80N/AN/A3,3826,96678,09489,663
2023-03-24$189.59$200.0028.7%8.2%31.5%15.0%28.0%5.4%0.5%-42.5M452.9M-3.7M1.1916.29N/AN/A5,6486,70479,47790,904
2023-03-27$191.06$200.0027.6%7.7%31.2%10.2%26.0%5.9%0.0%-26.0M366.4M-3.6M0.8610.84N/AN/A5,2904,55476,32189,476
2023-03-28$189.91$200.0027.2%7.5%30.6%8.6%27.0%5.5%0.1%-30.4M414.9M-3.6M7.8310.60N/AN/A1,84014,41578,33591,689
2023-03-29$191.59$200.0026.5%7.1%21.5%5.6%26.2%5.3%-0.1%-29.5M370.9M-3.8M1.967.15N/AN/A3,7337,29979,277102,750
2023-03-30$192.38$200.0026.5%7.1%21.5%5.6%24.7%5.1%0.2%-28.1M331.5M-3.9M0.5710.93N/AN/A7,9454,56581,484105,701
2023-03-31$199.75$200.0024.1%6.7%23.4%0.0%24.8%5.0%0.3%11.9M-49.7M-4.0M0.577.09N/AN/A13,2927,63385,025106,989