LOW Options History — May 2023

In May 2023, LOW traded between $199.30 and $208.64. ATM implied volatility averaged 29.4%, placing in the 30.3% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 7.0% (HV 20d: 22.5%). Max pain ranged from $200.00 to $210.00. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 2.32.

Notable Days

  • 2023-05-17: Highest Volume — 35,229 contracts
  • 2023-05-23: Largest IV drop — 17.8% change
  • 2023-05-04: Highest IV Rank — 41.3%
  • 2023-05-04: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$204.78$199.30$208.64$208.18$201.61
Max Pain$201.82$200.00$210.00$205.00$200.00
ATM IV29.4%23.6%32.9%28.8%26.3%
Expected Move8.3%6.7%9.4%6.7%7.7%
HV 20d22.5%20.0%25.4%20.8%24.3%
HV 60d25.5%22.3%26.7%26.7%22.7%
IV Rank30.3%7.8%41.3%26.0%20.3%
IV Percentile25.8%0.8%49.2%20.2%8.7%
Term Structure-0.5%-1.5%1.0%-0.4%-0.6%
VWIV30.5%23.5%36.8%23.5%29.0%
Skew 25d5.6%4.5%6.5%5.4%5.0%
Skew 10d11.0%9.2%14.5%10.2%9.8%
Call IV 25d27.0%21.8%30.6%26.6%23.6%
Put IV 25d32.5%26.3%37.1%32.0%28.5%
Bid-Ask Spread %10.375.2116.6410.189.34
Gamma HHI0.110.070.170.100.12
Net GEX-18.2M-65.4M7.4M7.4M-21.2M
Net DEX3.4M-230.1M365.9M-178.7M117.6M
Net VEX-3.7M-4.2M-3.3M-4.0M-3.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.320.815.091.221.44
Total Volume14,203.8644,57735,2297,4638,471
Total OI208,065.091188,103233,456194,172191,093

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$208.18$205.0028.8%6.7%20.8%26.0%23.5%5.4%-0.4%7.4M-178.7M-4.0M1.2210.18N/AN/A3,3594,10472,963121,209
2023-05-02$205.70$205.0031.1%7.2%20.2%34.5%25.7%6.2%-0.5%-8.4M-34.3M-4.1M0.8110.43N/AN/A3,8353,10673,263123,257
2023-05-03$206.04$205.0031.6%7.7%20.0%36.5%26.5%5.7%-0.8%-7.1M-52.8M-4.1M1.3412.27N/AN/A2,6043,49773,398123,884
2023-05-04$202.92$200.0032.9%9.4%20.2%41.3%33.6%6.5%-0.9%-23.6M111.0M-4.2M5.0910.67N/AN/A1,6898,59773,340124,910
2023-05-05$206.20$200.0031.3%8.5%20.7%35.4%30.4%5.8%-0.6%-13.7M-20.0M-4.1M1.7514.75N/AN/A2,6454,62373,489129,120
2023-05-08$204.44$200.0031.4%9.2%20.9%35.6%31.6%6.3%0.8%-17.3M-3.1M-3.8M2.0613.04N/AN/A1,4963,08169,651123,838
2023-05-09$206.85$200.0031.5%8.6%21.1%36.3%33.1%6.2%-1.5%-6.8M-113.1M-3.8M2.0810.31N/AN/A2,0074,17770,346124,672
2023-05-10$204.74$200.0031.3%9.2%21.3%35.2%34.6%6.0%1.0%-19.9M7.8M-3.9M4.4311.77N/AN/A2,66811,81071,211127,124
2023-05-11$202.50$200.0032.8%9.3%21.6%41.1%34.8%6.0%-0.4%-44.5M197.5M-4.1M2.8112.11N/AN/A1,4904,18471,772141,725
2023-05-12$202.89$200.0031.5%9.2%21.6%36.2%31.3%5.9%0.7%-41.0M138.7M-3.8M2.2110.85N/AN/A4,97110,96272,256142,024
2023-05-15$201.47$200.0032.6%9.3%21.5%40.4%36.8%5.8%-1.1%-45.9M231.1M-3.9M3.059.69N/AN/A5,31916,20469,071145,133
2023-05-16$199.30$200.0031.7%9.1%20.5%40.3%34.6%5.8%-1.4%-65.4M365.9M-3.8M2.1410.28N/AN/A7,61316,27470,994151,893
2023-05-17$206.88$200.0029.1%8.3%24.8%29.6%34.7%5.1%0.1%-2.5M-154.0M-3.6M4.139.77N/AN/A6,87428,35573,919152,582
2023-05-18$208.64$200.0029.0%8.4%25.0%33.2%34.3%5.1%-1.3%6.4M-230.1M-3.6M2.4110.64N/AN/A3,6628,83574,926158,530
2023-05-19$206.15$200.0029.4%8.5%25.1%35.1%30.7%5.4%-0.6%-16.0M-102.4M-3.6M3.788.22N/AN/A4,80818,19475,305157,576
2023-05-22$203.94$210.0028.7%8.5%25.4%31.4%32.8%4.9%-0.7%-16.5M18.7M-3.5M2.319.31N/AN/A9,38621,69362,931127,858
2023-05-23$207.84$205.0023.6%7.0%25.4%7.8%25.1%4.5%-0.2%4.4M-169.1M-3.3M1.515.21N/AN/A9,09813,70573,349140,609
2023-05-24$204.11$205.0026.0%7.7%23.7%19.2%27.4%5.3%-0.5%-22.9M21.1M-3.5M1.4816.64N/AN/A2,0062,97574,709142,499
2023-05-25$202.30$205.0026.5%7.6%22.8%21.1%27.4%5.1%-0.4%-33.3M89.2M-3.4M2.056.23N/AN/A4,6399,50974,440141,142
2023-05-26$206.47$200.0024.8%7.1%23.5%13.5%26.6%5.3%-0.1%-4.5M-117.7M-3.4M1.769.79N/AN/A8,49814,91875,102152,216
2023-05-30$206.06$200.0025.5%7.7%23.5%16.7%27.7%5.4%-1.0%-8.1M-48.9M-3.4M1.196.55N/AN/A2,9943,55066,755121,348
2023-05-31$201.61$200.0026.3%7.7%24.3%20.3%29.0%5.0%-0.6%-21.2M117.6M-3.5M1.449.34N/AN/A3,4764,99568,014123,079