LOW Options History — December 2023

In December 2023, LOW traded between $203.93 and $225.84. ATM implied volatility averaged 19.2%, placing in the 14.2% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded below realized volatility by 7.1% (HV 20d: 26.3%). Max pain ranged from $197.50 to $210.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 1.22.

Notable Days

  • 2023-12-01: Highest Volume — 26,955 contracts
  • 2023-12-12: Largest IV drop — 7.5% change
  • 2023-12-26: Highest IV Rank — 19.6%
  • 2023-12-26: Largest Expected Move — 5.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$216.62$203.93$225.84$203.93$222.54
Max Pain$204.38$197.50$210.00$197.50$210.00
ATM IV19.2%18.3%20.3%18.5%18.7%
Expected Move5.5%5.1%5.7%5.6%5.1%
HV 20d26.3%23.9%28.6%26.9%24.5%
HV 60d24.5%22.7%25.5%24.3%24.1%
IV Rank14.2%9.3%19.6%10.5%11.4%
IV Percentile11.1%3.6%23.8%4.0%6.3%
Term Structure0.2%-0.8%0.9%-0.1%0.4%
VWIV19.7%18.0%21.7%20.3%18.0%
Skew 25d2.0%1.3%2.8%2.3%2.6%
Skew 10d4.3%3.3%6.1%5.4%5.4%
Call IV 25d18.6%17.8%20.0%17.8%18.3%
Put IV 25d20.6%19.7%22.2%20.1%20.9%
Bid-Ask Spread %50.7618.6964.8241.4952.21
Gamma HHI0.120.110.140.120.12
Net GEX14.1M163.2K22.1M13.0M21.3M
Net DEX-277.2M-562.1M-80.4M-107.4M-274.3M
Net VEX-2.8M-3.0M-2.6M-2.6M-3.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.484.014.011.75
Total Volume7,898.53,10426,95526,9556,113
Total OI119,324.75105,790132,239127,458116,509

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$203.93$197.5018.5%5.6%26.9%10.5%20.3%2.3%-0.1%13.0M-107.4M-2.6M4.0141.49N/AN/A5,37921,57656,90270,556
2023-12-04$207.44$200.0019.8%5.6%27.4%17.2%20.0%2.1%0.2%4.1M-135.7M-2.7M0.9845.67N/AN/A6,9926,83951,26969,206
2023-12-05$205.68$200.0019.7%5.6%27.4%16.6%19.7%2.4%0.3%163.2K-80.4M-2.7M0.9364.80N/AN/A3,0472,82552,96771,213
2023-12-06$208.75$200.0019.2%5.6%27.8%13.8%19.9%2.1%0.2%11.8M-184.5M-2.7M0.7757.17N/AN/A2,8542,20154,15771,700
2023-12-07$208.01$200.0018.8%5.5%27.9%12.0%19.7%1.8%0.4%8.5M-154.1M-2.7M0.9357.31N/AN/A1,6091,49553,91072,449
2023-12-08$208.09$200.0018.4%5.4%26.4%10.2%19.5%1.8%0.6%8.1M-156.7M-2.7M1.2051.08N/AN/A2,3102,77854,39272,714
2023-12-11$206.62$200.0019.7%5.4%26.2%16.7%19.7%1.9%-0.8%3.9M-87.5M-2.7M0.8118.69N/AN/A3,3042,68452,47369,775
2023-12-12$208.28$200.0018.3%5.2%26.2%9.3%19.6%1.8%-0.1%9.2M-143.9M-2.6M0.9455.74N/AN/A2,9352,75653,44171,059
2023-12-13$215.12$200.0018.9%5.3%23.9%12.7%19.4%1.9%-0.7%20.6M-330.3M-2.6M0.5257.00N/AN/A6,0163,12154,14571,508
2023-12-14$225.84$200.0019.7%5.5%28.6%16.5%20.3%1.9%-0.4%17.7M-562.1M-2.6M0.4864.82N/AN/A11,1305,38554,15772,099
2023-12-15$225.57$200.0018.8%5.3%27.6%11.8%19.4%1.3%-0.3%21.8M-560.7M-2.7M0.7852.59N/AN/A5,7204,45357,51974,720
2023-12-18$224.11$210.0018.7%5.4%27.9%11.6%19.1%1.9%0.8%19.9M-375.0M-2.8M1.4551.88N/AN/A3,4455,00451,38454,406
2023-12-19$225.21$210.0018.6%5.3%27.9%11.1%18.9%1.7%0.9%22.1M-423.5M-2.9M1.1450.23N/AN/A2,5992,95653,47356,528
2023-12-20$222.60$210.0019.7%5.7%24.7%16.6%20.1%2.1%0.0%17.1M-346.3M-2.9M0.7249.17N/AN/A3,4722,51154,01757,528
2023-12-21$223.20$210.0019.8%5.7%24.7%17.2%19.9%1.7%0.6%18.0M-355.6M-2.9M0.8851.15N/AN/A2,5002,19153,88258,282
2023-12-22$223.14$210.0019.6%5.5%24.8%16.1%19.2%1.7%0.8%17.3M-362.8M-2.9M1.5451.24N/AN/A2,4943,83455,31559,424
2023-12-26$222.82$210.0020.3%5.7%24.9%19.6%21.7%2.3%0.0%15.6M-305.3M-2.9M1.5738.29N/AN/A1,3072,04653,14156,830
2023-12-27$222.36$210.0020.1%5.4%25.0%18.7%19.2%2.0%0.1%15.6M-297.0M-2.8M1.2449.06N/AN/A1,8912,33853,77756,981
2023-12-28$223.10$210.0019.2%5.3%24.9%14.0%19.5%2.8%0.4%16.2M-300.3M-2.9M1.7255.58N/AN/A2,1563,70454,44158,246
2023-12-29$222.54$210.0018.7%5.1%24.5%11.4%18.0%2.6%0.4%21.3M-274.3M-3.0M1.7552.21N/AN/A2,2203,89355,29561,214