LOW Options History — June 2023

In June 2023, LOW traded between $203.87 and $226.00. ATM implied volatility averaged 20.6%, placing in the 2.3% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded below realized volatility by 3.8% (HV 20d: 24.4%). Max pain ranged from $200.00 to $210.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.86.

Notable Days

  • 2023-06-15: Highest Volume — 25,462 contracts
  • 2023-06-02: Largest IV drop — 9.2% change
  • 2023-06-01: Highest IV Rank — 11.1%
  • 2023-06-01: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$215.03$203.87$226.00$203.87$226.00
Max Pain$202.86$200.00$210.00$200.00$210.00
ATM IV20.6%19.4%24.3%24.3%19.4%
Expected Move5.9%5.3%7.2%7.2%5.3%
HV 20d24.4%20.7%26.6%24.7%21.0%
HV 60d22.7%21.8%23.3%22.4%22.0%
IV Rank2.3%0.0%11.1%11.1%0.2%
IV Percentile1.1%0.0%4.0%2.8%0.4%
Term Structure0.3%-0.7%1.3%-0.6%-0.1%
VWIV21.4%18.5%25.2%25.2%18.8%
Skew 25d3.1%2.2%4.8%4.8%2.2%
Skew 10d6.0%4.4%9.8%9.8%4.4%
Call IV 25d19.6%18.6%22.7%22.7%18.8%
Put IV 25d22.6%20.9%27.5%27.5%20.9%
Bid-Ask Spread %13.095.4821.098.2110.39
Gamma HHI0.140.100.360.130.15
Net GEX23.7M-12.4M75.1M-12.4M48.3M
Net DEX-355.1M-652.1M-6.4M-6.4M-652.1M
Net VEX-3.2M-3.4M-3.0M-3.4M-3.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.141.590.900.28
Total Volume9,451.5713,36925,46210,89118,795
Total OI165,718.476112,609209,113191,037133,970

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$203.87$200.0024.3%7.2%24.7%11.1%25.2%4.8%-0.6%-12.4M-6.4M-3.4M0.908.21N/AN/A5,7465,14568,099122,938
2023-06-02$209.75$200.0022.1%6.6%26.1%0.8%24.9%3.8%-0.3%15.4M-236.1M-3.3M1.445.48N/AN/A4,2786,16270,013124,899
2023-06-05$206.97$200.0023.3%6.5%26.0%6.6%23.5%3.9%0.2%-3.1M-119.8M-3.2M1.1011.60N/AN/A2,3492,59367,926120,745
2023-06-06$207.43$200.0021.5%6.0%25.8%0.0%22.6%4.0%0.3%-1.9M-139.1M-3.1M1.0714.36N/AN/A2,3202,48768,974121,656
2023-06-07$211.14$200.0020.7%6.1%26.2%0.0%19.7%3.7%0.3%15.6M-284.3M-3.1M0.7416.30N/AN/A2,5671,90669,924122,098
2023-06-08$210.51$200.0020.4%6.0%26.0%0.0%20.4%3.3%0.3%14.1M-268.9M-3.1M1.2015.34N/AN/A1,5321,83773,106123,869
2023-06-09$209.43$200.0020.0%5.9%25.7%0.0%21.1%3.4%0.5%5.0M-208.0M-3.1M0.9917.57N/AN/A1,9081,89573,670125,562
2023-06-12$213.65$200.0020.6%6.3%26.5%2.6%21.9%3.2%1.3%22.0M-373.4M-3.1M0.545.54N/AN/A5,3292,87773,550122,288
2023-06-13$216.98$200.0020.5%5.7%26.6%2.3%24.1%3.1%-0.7%38.5M-506.1M-3.1M1.598.57N/AN/A5,7179,11376,468122,792
2023-06-14$214.78$200.0020.4%6.2%26.6%1.8%21.4%2.8%1.3%32.5M-440.0M-3.1M0.1621.09N/AN/A20,1683,16178,071121,227
2023-06-15$219.49$200.0020.2%5.8%24.4%1.0%21.0%2.6%0.1%75.1M-646.2M-3.2M0.1416.92N/AN/A22,2773,18585,157122,280
2023-06-16$217.76$200.0019.4%5.6%24.6%0.0%20.9%2.7%0.3%34.3M-526.1M-3.1M0.3713.41N/AN/A7,3012,68186,057123,056
2023-06-20$215.97$200.0020.1%5.8%24.4%3.3%21.3%2.9%1.0%22.8M-296.8M-3.0M1.0214.34N/AN/A2,8822,93463,16349,446
2023-06-21$214.23$200.0019.6%5.6%24.2%0.8%20.3%2.8%1.2%16.6M-245.2M-3.0M1.3210.83N/AN/A3,5854,71564,12151,130
2023-06-22$215.00$200.0019.6%5.5%23.4%0.9%21.1%2.6%1.2%17.5M-263.8M-3.2M0.717.36N/AN/A4,0822,89066,54154,542
2023-06-23$215.40$210.0019.9%5.6%22.2%2.3%21.4%2.2%1.1%18.7M-312.0M-3.2M1.1215.08N/AN/A3,0753,45168,92256,242
2023-06-26$218.42$210.0020.6%5.8%22.1%5.0%21.2%2.8%-0.0%24.2M-371.8M-3.2M1.1814.18N/AN/A3,1803,75965,78656,328
2023-06-27$223.82$210.0020.2%5.5%22.6%3.6%20.8%2.5%-0.0%37.4M-542.1M-3.2M0.7015.12N/AN/A4,9243,43367,44658,033
2023-06-28$222.57$210.0020.2%5.5%22.7%3.3%19.8%2.6%-0.2%37.8M-509.2M-3.3M1.0516.33N/AN/A3,0733,21869,44959,348
2023-06-29$222.37$210.0020.2%5.3%20.7%3.4%18.5%2.9%-0.1%38.5M-509.5M-3.2M0.4616.95N/AN/A4,0861,86770,38360,813
2023-06-30$226.00$210.0019.4%5.3%21.0%0.2%18.8%2.2%-0.1%48.3M-652.1M-3.3M0.2810.39N/AN/A14,6834,11272,60261,368