LOW Options History — November 2023

In November 2023, LOW traded between $190.97 and $205.56. ATM implied volatility averaged 25.9%, placing in the 37.6% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 1.5% (HV 20d: 24.3%). Max pain ranged from $185.00 to $200.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.63.

Notable Days

  • 2023-11-21: Highest Volume — 53,825 contracts
  • 2023-11-21: Largest IV drop — 26.8% change
  • 2023-11-09: Highest IV Rank — 55.2%
  • 2023-11-09: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$197.84$190.97$205.56$190.97$198.12
Max Pain$195.71$185.00$200.00$200.00$197.50
ATM IV25.9%18.6%31.3%31.2%18.6%
Expected Move7.3%5.4%8.7%7.8%5.8%
HV 20d24.3%20.9%27.7%21.5%25.6%
HV 60d23.0%21.9%24.4%21.9%23.7%
IV Rank37.6%11.2%55.2%54.8%11.2%
IV Percentile42.1%4.0%74.6%71.4%4.0%
Term Structure-0.8%-2.1%0.3%-1.1%0.2%
VWIV26.4%19.5%31.9%27.3%20.8%
Skew 25d3.3%1.8%4.7%4.7%2.4%
Skew 10d6.7%3.8%8.9%8.7%5.3%
Call IV 25d24.5%18.1%29.4%28.9%18.1%
Put IV 25d27.8%20.2%33.9%33.6%20.5%
Bid-Ask Spread %37.5311.3959.4514.0815.90
Gamma HHI0.110.070.150.090.14
Net GEX-9.1M-33.1M12.9M-9.7M-31.9M
Net DEX70.8M-212.1M250.4M190.2M145.4M
Net VEX-2.7M-2.8M-2.5M-2.7M-2.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.630.573.752.021.21
Total Volume13,208.0484,39653,8257,5719,285
Total OI127,319.571109,803140,825114,673126,263

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$190.97$200.0031.2%7.8%21.5%54.8%27.3%4.7%-1.1%-9.7M190.2M-2.7M2.0214.08N/AN/A2,5095,06253,33761,336
2023-11-02$194.06$185.0029.9%8.2%22.4%50.1%28.3%4.2%-1.1%-7.1M102.9M-2.7M0.7723.16N/AN/A5,6954,38354,33863,189
2023-11-03$195.12$195.0029.8%8.1%22.5%49.4%29.8%4.1%-1.2%4.8M63.4M-2.7M0.7229.26N/AN/A7,3815,33557,22465,841
2023-11-06$193.60$195.0030.1%8.2%22.6%50.6%29.7%3.9%-1.2%-7.4M149.2M-2.7M1.4624.03N/AN/A1,7842,61255,74666,197
2023-11-07$194.10$195.0029.5%8.1%22.3%48.5%28.6%3.8%-1.1%-6.9M140.0M-2.7M0.9631.07N/AN/A2,2662,18256,44067,632
2023-11-08$195.03$195.0029.6%8.2%22.3%48.7%28.2%3.8%-0.9%-4.2M108.9M-2.7M0.5720.14N/AN/A2,9521,69657,08268,217
2023-11-09$191.00$195.0031.3%8.7%20.9%55.2%31.9%4.5%-1.3%-16.3M250.4M-2.6M3.7524.85N/AN/A2,4589,20958,15468,592
2023-11-10$194.31$195.0029.6%8.3%21.6%48.7%31.3%4.0%-1.1%2.5M181.4M-2.8M0.9448.03N/AN/A4,7994,52758,45875,589
2023-11-13$193.65$195.0030.6%8.6%20.9%52.4%31.5%4.1%-1.3%-20.3M224.9M-2.7M1.7048.68N/AN/A3,6186,15356,00772,841
2023-11-14$202.48$195.0028.9%8.2%26.4%46.3%31.8%3.2%-1.2%-227.8K-97.6M-2.8M1.3450.56N/AN/A7,4659,98257,97476,412
2023-11-15$205.56$195.0027.3%7.8%25.6%40.4%29.3%3.2%-0.6%12.9M-212.1M-2.8M0.8550.02N/AN/A5,1184,37459,96476,864
2023-11-16$202.16$195.0028.0%8.1%25.3%45.6%28.0%3.2%-1.3%-3.9M-101.5M-2.7M1.1057.63N/AN/A3,0673,37461,39077,624
2023-11-17$203.85$195.0027.4%8.0%25.3%55.1%28.1%3.0%-2.1%1.8M-172.9M-2.7M1.2553.98N/AN/A4,3355,41962,00977,708
2023-11-20$204.73$195.0026.8%8.0%24.9%52.1%29.9%2.7%-1.2%1.6M-50.6M-2.7M1.1149.19N/AN/A14,75116,38448,25161,552
2023-11-21$197.88$200.0019.6%5.7%27.7%16.0%20.4%2.2%-0.0%-15.9M141.2M-2.6M1.8949.07N/AN/A18,65035,17557,63071,447
2023-11-22$198.19$197.5019.1%5.5%27.7%13.4%19.9%1.8%-0.3%-33.1M167.0M-2.6M1.2131.05N/AN/A5,8457,07559,48779,827
2023-11-24$199.25$197.5018.8%5.4%27.5%11.8%19.5%1.9%-0.5%-23.8M113.1M-2.6M3.5259.45N/AN/A2,3148,14860,78080,045
2023-11-27$200.25$197.5018.9%5.6%26.9%12.6%20.1%2.6%0.3%-10.2M44.8M-2.5M1.1040.67N/AN/A6,0176,60150,91466,254
2023-11-28$200.37$197.5019.0%5.7%25.4%13.0%20.0%2.4%0.3%-7.3M43.7M-2.6M3.2955.95N/AN/A2,6528,73554,40167,237
2023-11-29$199.97$197.5019.0%5.7%25.3%13.2%20.1%2.5%0.1%-16.2M54.5M-2.6M3.4011.39N/AN/A4,09113,89154,52568,933
2023-11-30$198.12$197.5018.6%5.8%25.6%11.2%20.8%2.4%0.2%-31.9M145.4M-2.6M1.2115.90N/AN/A4,1955,09055,87670,387