LOW Options History — September 2023

In September 2023, LOW traded between $206.72 and $233.89. ATM implied volatility averaged 20.1%, placing in the 13.5% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 2.2% (HV 20d: 22.3%). Max pain ranged from $210.00 to $230.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 1.77.

Notable Days

  • 2023-09-26: Highest Volume — 23,759 contracts
  • 2023-09-15: Largest IV spike — 15.4% change
  • 2023-09-27: Highest IV Rank — 31.3%
  • 2023-09-26: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$220.77$206.72$233.89$232.61$207.89
Max Pain$217.75$210.00$230.00$230.00$212.50
ATM IV20.1%16.4%24.9%16.4%21.8%
Expected Move5.8%4.2%7.2%4.2%6.3%
HV 20d22.3%19.7%25.9%19.7%22.0%
HV 60d19.6%18.0%20.7%18.7%20.2%
IV Rank13.5%0.0%31.3%0.0%19.8%
IV Percentile11.0%0.0%29.0%0.0%20.2%
Term Structure0.1%-0.4%0.5%0.5%-0.0%
VWIV20.5%14.9%28.1%14.9%22.2%
Skew 25d3.3%2.7%4.8%2.7%4.5%
Skew 10d6.5%5.2%8.9%5.4%8.4%
Call IV 25d18.8%15.5%23.2%15.5%20.8%
Put IV 25d22.1%18.2%28.0%18.2%25.3%
Bid-Ask Spread %10.183.8216.453.8214.64
Gamma HHI0.130.100.290.180.13
Net GEX-2.8M-34.1M41.1M41.1M-31.4M
Net DEX-86.1M-560.6M349.5M-560.6M292.0M
Net VEX-3.1M-3.3M-3.1M-3.1M-3.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.770.676.611.351.35
Total Volume8,341.454,55023,7598,6347,266
Total OI135,526.5123,935151,679136,106151,679

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$232.61$230.0016.4%4.2%19.7%0.0%14.9%2.7%0.5%41.1M-560.6M-3.1M1.353.82N/AN/A3,6694,96562,84473,262
2023-09-05$231.33$210.0018.0%5.3%19.9%5.7%18.6%3.1%0.5%20.6M-410.7M-3.1M1.2916.45N/AN/A2,1762,80158,77868,806
2023-09-06$229.78$210.0018.1%5.3%19.8%6.4%19.0%3.0%0.4%15.7M-361.3M-3.1M1.5112.90N/AN/A2,0383,08459,64669,763
2023-09-07$233.89$210.0018.1%5.6%20.4%6.2%19.4%3.0%0.5%28.3M-503.2M-3.2M1.5113.22N/AN/A3,6115,45760,32371,037
2023-09-08$231.15$210.0018.2%5.3%21.0%6.6%20.1%3.0%0.3%18.5M-415.1M-3.2M3.184.03N/AN/A2,3057,33761,81874,804
2023-09-11$231.76$220.0018.0%5.2%20.4%5.9%18.4%2.8%0.1%23.1M-419.6M-3.1M2.735.83N/AN/A1,4924,07561,23873,855
2023-09-12$231.00$220.0018.3%5.3%20.4%7.0%18.6%2.8%0.1%17.9M-369.5M-3.2M2.189.50N/AN/A1,6423,57361,81476,828
2023-09-13$228.86$220.0018.1%5.2%20.4%6.2%19.7%2.9%-0.1%11.4M-267.0M-3.2M1.2613.56N/AN/A2,7893,51762,17978,137
2023-09-14$230.63$220.0017.0%4.9%20.3%2.1%17.1%2.8%0.0%21.3M-357.7M-3.1M1.069.23N/AN/A3,1213,31562,10078,178
2023-09-15$219.91$220.0019.6%5.6%25.8%11.8%19.1%3.1%-0.1%-31.5M72.3M-3.1M1.076.13N/AN/A9,55310,21662,82579,932
2023-09-18$217.56$220.0019.6%5.7%25.9%11.9%20.9%2.9%-0.1%-13.6M43.4M-3.1M1.255.84N/AN/A3,3504,18154,89169,044
2023-09-19$217.88$220.0019.7%5.7%25.8%12.3%20.0%2.8%0.2%-13.0M16.7M-3.1M0.678.74N/AN/A5,1253,41056,28470,571
2023-09-20$214.51$220.0020.9%6.0%23.5%16.6%21.0%3.1%0.4%-14.7M108.1M-3.1M1.4113.07N/AN/A2,6233,70858,72971,635
2023-09-21$210.57$220.0022.2%6.3%23.9%21.2%21.0%3.5%0.2%-21.2M209.3M-3.1M1.9013.20N/AN/A3,1115,92059,78271,781
2023-09-22$210.59$220.0021.8%6.2%23.5%20.1%22.8%3.3%0.4%-22.3M196.6M-3.1M1.2912.35N/AN/A2,6593,42661,01372,426
2023-09-25$212.24$220.0023.0%6.3%23.8%24.3%22.1%4.1%-0.2%-16.2M127.6M-3.1M1.586.04N/AN/A2,6854,25057,14968,674
2023-09-26$208.55$220.0024.7%7.2%24.4%30.7%28.1%4.8%-0.4%-21.1M244.4M-3.1M6.617.66N/AN/A3,12120,63858,41271,316
2023-09-27$206.72$220.0024.9%6.9%23.3%31.3%23.6%4.4%-0.2%-33.9M349.5M-3.3M1.3715.07N/AN/A2,5563,51460,47788,677
2023-09-28$208.02$212.5022.8%6.6%22.0%23.4%23.7%3.8%0.2%-34.1M281.9M-3.3M0.8212.35N/AN/A2,4972,05361,38288,441
2023-09-29$207.89$212.5021.8%6.3%22.0%19.8%22.2%4.5%-0.0%-31.4M292.0M-3.3M1.3514.64N/AN/A3,0954,17162,29789,382