LOW Options History — July 2023

In July 2023, LOW traded between $221.73 and $235.14. ATM implied volatility averaged 21.7%, placing in the 11.6% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 2.4% (HV 20d: 19.2%). Max pain ranged from $210.00 to $230.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 1.04.

Notable Days

  • 2023-07-24: Highest Volume — 25,184 contracts
  • 2023-07-24: Largest IV spike — 11.5% change
  • 2023-07-27: Highest IV Rank — 29.3%
  • 2023-07-19: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$230.17$221.73$235.14$225.06$233.12
Max Pain$223.50$210.00$230.00$210.00$230.00
ATM IV21.7%18.7%26.0%18.9%25.7%
Expected Move5.7%5.1%6.0%5.1%5.8%
HV 20d19.2%16.8%21.4%19.3%16.8%
HV 60d22.1%20.9%23.0%21.8%21.1%
IV Rank11.6%0.0%29.3%0.0%28.2%
IV Percentile9.6%0.0%22.6%0.0%21.8%
Term Structure1.1%-1.5%5.2%0.1%-1.4%
VWIV20.3%18.1%22.7%18.2%20.4%
Skew 25d3.1%2.6%3.6%2.6%3.4%
Skew 10d5.9%5.0%6.7%5.0%5.7%
Call IV 25d20.6%18.1%24.7%18.1%23.9%
Put IV 25d23.7%20.7%28.2%20.7%27.3%
Bid-Ask Spread %18.658.1928.5111.9514.40
Gamma HHI0.170.110.510.150.13
Net GEX37.8M8.3M82.2M48.3M8.3M
Net DEX-550.7M-833.8M-337.2M-566.4M-337.2M
Net VEX-3.3M-3.5M-3.1M-3.2M-3.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.040.273.520.410.97
Total Volume8,613.253,51225,1844,0434,377
Total OI137,595.95109,056154,699132,198116,694

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$225.06$210.0018.9%5.1%19.3%0.0%18.2%2.6%0.1%48.3M-566.4M-3.2M0.4111.95N/AN/A2,8601,18372,38159,817
2023-07-05$225.67$210.0018.9%5.1%18.3%0.0%18.1%2.8%0.2%50.3M-580.8M-3.1M0.909.97N/AN/A2,5662,30172,54260,262
2023-07-06$221.73$220.0020.3%6.0%19.9%5.9%22.7%3.1%0.1%33.5M-414.0M-3.2M3.5225.54N/AN/A4,30415,14872,90263,283
2023-07-07$221.82$220.0019.8%5.9%19.1%3.8%20.7%2.7%0.2%17.0M-351.0M-3.4M1.0324.63N/AN/A2,9783,06173,70574,322
2023-07-10$228.73$220.0020.3%6.0%21.4%5.9%21.4%3.0%0.6%36.4M-610.8M-3.5M2.0422.59N/AN/A3,6657,49569,67373,489
2023-07-11$229.82$220.0019.9%5.9%21.2%4.2%20.1%2.9%0.5%39.9M-661.0M-3.4M0.6028.51N/AN/A3,7812,26471,03879,537
2023-07-12$232.87$220.0018.7%5.8%20.6%0.0%20.1%2.8%1.6%44.4M-764.4M-3.4M0.9921.30N/AN/A4,4824,43170,77780,592
2023-07-13$229.53$220.0019.6%5.8%21.2%3.7%20.2%2.8%0.6%35.8M-622.1M-3.4M0.9217.83N/AN/A3,2983,02872,13381,886
2023-07-14$228.96$220.0019.2%5.6%20.8%1.9%20.5%2.9%0.7%33.7M-589.7M-3.4M0.8719.45N/AN/A2,6652,32472,32482,375
2023-07-17$228.37$220.0020.1%5.8%19.7%5.6%20.5%3.3%4.9%34.9M-552.7M-3.3M0.6518.45N/AN/A2,1301,38270,23078,418
2023-07-18$230.02$220.0020.2%5.8%19.4%5.9%20.6%3.3%4.9%39.8M-618.1M-3.2M0.4620.34N/AN/A2,8271,30670,46578,941
2023-07-19$231.04$230.0021.1%6.0%18.9%9.4%20.9%3.4%4.8%43.0M-665.9M-3.2M0.3422.24N/AN/A4,2311,44571,00979,490
2023-07-20$230.75$230.0021.4%5.9%18.5%10.9%20.8%3.1%5.2%48.9M-645.4M-3.3M0.8420.36N/AN/A2,7972,35972,50679,968
2023-07-21$234.72$230.0021.9%5.8%19.1%12.9%20.3%2.9%4.8%39.1M-833.8M-3.1M0.4917.27N/AN/A9,0484,44673,16581,326
2023-07-24$234.14$230.0024.4%5.7%19.3%23.1%20.5%3.5%-1.0%29.9M-474.1M-3.2M0.2712.77N/AN/A19,8365,34854,18954,867
2023-07-25$233.91$230.0025.0%5.7%19.0%25.3%20.1%3.2%-1.3%29.4M-430.3M-3.4M0.798.19N/AN/A4,0073,16655,04258,698
2023-07-26$233.44$230.0025.8%5.8%17.4%28.4%20.0%3.6%-1.0%28.0M-418.9M-3.4M0.6121.15N/AN/A3,6082,21355,40059,604
2023-07-27$234.55$230.0026.0%5.6%17.1%29.3%20.3%3.5%-1.3%32.2M-444.3M-3.4M3.1816.37N/AN/A4,37713,93556,18361,008
2023-07-28$235.14$230.0025.6%5.5%17.1%28.0%19.5%3.2%-1.5%82.2M-433.2M-3.5M0.8319.62N/AN/A4,1473,44656,73664,942
2023-07-31$233.12$230.0025.7%5.8%16.8%28.2%20.4%3.4%-1.4%8.3M-337.2M-3.5M0.9714.40N/AN/A2,2202,15753,18663,508