LOW Options History — April 2023

In April 2023, LOW traded between $198.43 and $210.86. ATM implied volatility averaged 26.0%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 4.4% (HV 20d: 21.6%). Max pain ranged from $200.00 to $205.00. Net GEX was positive for 11 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 1.66.

Notable Days

  • 2023-04-03: Highest Volume — 30,978 contracts
  • 2023-04-24: Largest IV spike — 9.8% change
  • 2023-04-26: Highest IV Rank — 42.2%
  • 2023-04-26: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$204.23$198.43$210.86$203.80$207.38
Max Pain$200.26$200.00$205.00$200.00$200.00
ATM IV26.0%21.9%33.1%24.1%30.3%
Expected Move7.0%6.3%8.0%6.6%6.6%
HV 20d21.6%18.0%24.3%24.3%24.3%
HV 60d28.1%27.3%29.2%29.0%27.3%
IV Rank11.3%0.0%42.2%0.1%31.8%
IV Percentile8.4%0.0%48.0%0.4%26.6%
Term Structure1.5%-1.5%6.1%0.4%-1.3%
VWIV25.5%22.8%29.4%25.2%24.0%
Skew 25d4.9%3.9%6.4%4.7%5.6%
Skew 10d9.6%7.2%12.0%10.4%10.9%
Call IV 25d23.9%21.0%29.9%22.8%27.7%
Put IV 25d28.9%25.4%36.2%27.5%33.3%
Bid-Ask Spread %13.105.8119.8013.9214.46
Gamma HHI0.140.080.380.100.10
Net GEX11.1M-23.0M60.4M19.7M-5.9M
Net DEX-143.8M-539.2M189.7M-222.9M-128.3M
Net VEX-4.0M-4.3M-3.7M-4.1M-4.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.660.444.202.090.45
Total Volume13,583.5265,56330,97830,97815,522
Total OI208,722.737178,100240,358192,661195,789

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-04-03$203.80$200.0024.1%6.6%24.3%0.1%25.2%4.7%0.4%19.7M-222.9M-4.1M2.0913.92N/AN/A10,03620,94286,999105,662
2023-04-04$202.19$200.0025.8%6.8%23.4%7.1%24.5%5.1%0.2%9.1M-108.5M-4.3M1.959.89N/AN/A4,9599,66589,333119,011
2023-04-05$199.55$200.0025.2%6.8%22.9%4.7%24.0%5.1%1.0%-6.2M17.2M-4.2M3.7913.95N/AN/A2,1107,99990,935116,216
2023-04-06$198.43$200.0024.4%7.4%22.3%1.3%26.8%4.6%1.1%-13.0M78.4M-4.1M0.9717.59N/AN/A4,6254,50391,627119,613
2023-04-10$199.97$200.0025.5%7.6%22.0%5.7%27.1%5.1%0.9%-1.4M-7.1M-4.1M4.2019.80N/AN/A2,83211,90689,987116,570
2023-04-11$201.78$200.0025.5%7.6%22.0%5.9%26.6%4.8%1.0%2.7M-68.7M-4.2M1.3118.42N/AN/A2,4463,19990,671125,981
2023-04-12$200.31$200.0024.6%7.4%21.4%2.3%25.8%4.7%1.0%-3.2M3.0M-4.1M2.0412.96N/AN/A1,8293,73490,964126,591
2023-04-13$201.53$200.0024.8%7.3%21.0%3.1%25.6%5.1%0.7%1.9M-51.8M-4.0M0.5216.10N/AN/A11,8786,12691,176127,509
2023-04-14$202.31$200.0023.8%7.0%20.8%0.0%25.7%4.8%0.9%39.7M-127.1M-3.8M1.0215.92N/AN/A5,1245,24793,221127,829
2023-04-17$204.14$200.0023.7%6.9%20.4%0.0%27.4%4.3%4.8%17.7M-204.8M-3.7M2.8213.71N/AN/A4,84413,67289,655120,675
2023-04-18$207.96$200.0021.9%6.3%21.2%0.0%22.8%4.3%6.0%34.0M-388.1M-3.8M0.488.63N/AN/A10,3094,95890,676131,637
2023-04-19$208.45$200.0022.4%6.4%21.2%2.0%23.7%4.3%6.1%44.7M-433.1M-3.8M0.445.81N/AN/A8,9163,91894,829132,037
2023-04-20$209.30$200.0024.3%6.7%20.0%9.1%23.4%3.9%5.9%45.6M-473.3M-3.9M1.357.52N/AN/A4,8726,59696,882133,314
2023-04-21$210.77$200.0025.5%6.7%18.2%13.7%25.9%4.0%5.5%60.4M-539.2M-4.1M1.4915.66N/AN/A5,7668,56597,797142,561
2023-04-24$210.86$200.0028.0%6.7%18.0%23.1%26.0%5.6%-1.1%8.6M-221.9M-4.0M0.568.19N/AN/A10,2305,73565,450112,650
2023-04-25$206.62$200.0030.6%7.2%20.2%32.7%26.0%5.9%-1.5%-4.8M-71.6M-4.1M2.0213.18N/AN/A4,4258,95566,385115,425
2023-04-26$200.46$205.0033.1%8.0%23.3%42.2%29.4%6.4%-1.5%-23.0M189.7M-4.3M3.3311.87N/AN/A3,31711,04267,664119,823
2023-04-27$204.54$200.0030.1%6.9%24.1%30.8%23.9%5.9%-1.0%-15.0M26.2M-4.2M0.6911.33N/AN/A4,3162,96969,550123,038
2023-04-28$207.38$200.0030.3%6.6%24.3%31.8%24.0%5.6%-1.3%-5.9M-128.3M-4.1M0.4514.46N/AN/A10,7244,79872,057123,732