LOW Options History — August 2023

In August 2023, LOW traded between $217.79 and $232.51. ATM implied volatility averaged 24.9%, placing in the 25.0% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 8.3% (HV 20d: 16.6%). Max pain ranged from $230.00 to $230.00. Net GEX was positive for 13 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 1.41.

Notable Days

  • 2023-08-22: Highest Volume — 40,944 contracts
  • 2023-08-22: Largest IV drop — 16.1% change
  • 2023-08-08: Highest IV Rank — 39.6%
  • 2023-08-17: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$224.25$217.79$232.51$232.51$230.99
Max Pain$230.00$230.00$230.00$230.00$230.00
ATM IV24.9%18.1%28.5%25.3%18.1%
Expected Move6.8%4.8%8.0%5.7%4.8%
HV 20d16.6%12.2%21.3%16.7%20.9%
HV 60d20.1%18.9%21.1%20.8%19.0%
IV Rank25.0%0.0%39.6%26.7%0.0%
IV Percentile22.7%0.0%36.9%19.8%0.0%
Term Structure-0.5%-1.7%0.5%-1.4%0.5%
VWIV24.0%17.0%28.7%20.1%17.0%
Skew 25d3.3%2.9%3.8%3.1%2.9%
Skew 10d6.0%4.9%7.1%5.8%4.9%
Call IV 25d23.5%16.4%27.1%24.2%16.4%
Put IV 25d26.8%19.3%30.5%27.3%19.3%
Bid-Ask Spread %18.694.0336.7511.464.03
Gamma HHI0.120.070.340.130.17
Net GEX623.2K-67.2M31.8M6.8M31.8M
Net DEX-153.5M-473.4M187.0M-309.5M-469.8M
Net VEX-3.4M-3.6M-3.2M-3.6M-3.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.410.633.801.070.91
Total Volume11,644.5223,43040,9443,4305,172
Total OI131,519.348115,442148,567118,761135,107

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$232.51$230.0025.3%5.7%16.7%26.7%20.1%3.1%-1.4%6.8M-309.5M-3.6M1.0711.46N/AN/A1,6531,77754,35664,405
2023-08-02$229.64$230.0027.3%6.4%17.4%34.7%22.8%3.1%-1.4%3.0M-230.9M-3.6M0.7219.53N/AN/A6,1034,39454,88964,736
2023-08-03$227.19$230.0028.1%7.4%16.6%37.9%25.7%3.3%-1.7%-903.3K-137.9M-3.6M0.8236.75N/AN/A3,5072,85956,89266,732
2023-08-04$223.06$230.0027.7%7.7%18.0%36.2%26.3%3.1%-1.7%-4.9M-26.2M-3.6M1.2632.58N/AN/A2,9453,69758,06166,904
2023-08-07$222.86$230.0027.2%7.8%14.0%34.2%26.3%3.3%0.4%-1.6M-46.3M-3.6M0.6319.57N/AN/A2,3431,46556,57465,198
2023-08-08$221.06$230.0028.5%7.9%14.0%39.6%28.3%3.5%-0.6%-2.2M-9.5M-3.5M1.8928.86N/AN/A2,9925,64557,86965,661
2023-08-09$219.89$230.0028.3%7.9%12.8%38.7%27.6%3.7%-1.0%-4.1M8.0M-3.5M1.8018.69N/AN/A1,7953,22559,50867,240
2023-08-10$220.38$230.0028.3%7.9%12.2%38.9%27.8%3.4%-0.9%-5.5M-17.4M-3.5M1.3926.91N/AN/A2,9534,09059,89467,101
2023-08-11$223.84$230.0027.7%7.9%13.7%36.4%27.5%2.9%-0.2%4.4M-141.9M-3.5M1.2835.07N/AN/A3,9295,04261,29168,778
2023-08-14$225.73$230.0027.8%7.8%14.1%36.8%27.9%3.4%-0.2%9.2M-202.5M-3.5M0.8518.56N/AN/A6,4755,51760,16367,108
2023-08-15$223.62$230.0028.0%8.0%14.1%37.5%25.4%3.3%-1.4%5.5M-117.7M-3.4M2.8825.37N/AN/A5,01914,44562,21269,806
2023-08-16$222.40$230.0027.9%8.0%14.0%37.0%28.7%3.2%-0.6%-26.2M-26.2M-3.5M0.6915.53N/AN/A4,3963,01663,96479,662
2023-08-17$217.79$230.0027.9%8.0%15.5%37.1%27.5%3.4%-0.7%-67.2M187.0M-3.4M3.8026.15N/AN/A3,71914,12864,55279,217
2023-08-18$219.54$230.0027.0%7.8%14.3%33.4%27.0%3.1%-0.9%-33.9M12.4M-3.4M3.2825.01N/AN/A3,87312,70065,65871,476
2023-08-21$218.37$230.0026.1%7.7%14.3%29.7%26.1%3.6%-0.5%-110.0K-57.9M-3.3M1.259.82N/AN/A14,23517,85054,73860,704
2023-08-22$225.34$230.0021.9%6.2%18.9%12.8%22.1%3.8%0.2%17.8M-294.3M-3.3M0.7412.18N/AN/A23,47417,47064,48374,047
2023-08-23$226.96$230.0020.9%5.7%19.2%8.9%20.5%3.6%0.0%20.6M-328.6M-3.4M0.9811.63N/AN/A6,0145,87367,36379,513
2023-08-24$223.51$230.0021.0%6.0%19.7%9.0%20.4%3.3%0.4%5.1M-196.0M-3.4M0.8614.06N/AN/A6,4835,55567,71380,201
2023-08-25$223.18$230.0019.4%5.5%19.6%2.7%20.1%3.2%0.4%2.2M-183.4M-3.4M2.0416.83N/AN/A4,0238,21768,67279,895
2023-08-28$222.66$230.0019.7%5.6%19.4%3.9%21.1%3.2%0.5%4.0M-161.3M-3.3M1.489.19N/AN/A2,5053,70360,44068,536
2023-08-29$226.47$230.0019.3%4.9%20.6%2.2%17.9%3.5%0.1%18.9M-306.5M-3.2M0.685.32N/AN/A2,8211,91961,13470,356
2023-08-30$230.66$230.0018.7%5.0%21.3%0.0%17.4%3.4%-0.6%31.6M-473.4M-3.2M1.186.80N/AN/A4,0324,77661,44770,689
2023-08-31$230.99$230.0018.1%4.8%20.9%0.0%17.0%2.9%0.5%31.8M-469.8M-3.3M0.914.03N/AN/A2,7082,46462,12272,985