LOW Options History — February 2024

In February 2024, LOW traded between $217.47 and $240.45. ATM implied volatility averaged 26.8%, placing in the 53.5% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 4.2% (HV 20d: 22.6%). Max pain ranged from $220.00 to $227.50. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.02.

Notable Days

  • 2024-02-27: Highest Volume — 34,834 contracts
  • 2024-02-27: Largest IV drop — 18.0% change
  • 2024-02-13: Highest IV Rank — 65.5%
  • 2024-02-20: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$226.81$217.47$240.45$220.02$240.45
Max Pain$220.63$220.00$227.50$220.00$227.50
ATM IV26.8%19.8%29.4%27.0%19.8%
Expected Move7.7%5.6%8.6%7.4%5.6%
HV 20d22.6%19.7%25.3%20.7%21.8%
HV 60d23.4%22.1%24.5%24.4%22.1%
IV Rank53.5%19.3%65.5%53.3%19.3%
IV Percentile64.6%20.2%80.6%63.5%20.2%
Term Structure-0.5%-1.2%1.1%-1.0%-0.3%
VWIV27.3%20.0%30.0%26.3%20.0%
Skew 25d2.2%0.5%3.3%2.5%1.6%
Skew 10d4.8%2.4%6.0%4.2%2.4%
Call IV 25d26.0%19.2%28.6%26.3%19.2%
Put IV 25d28.2%20.8%31.7%28.8%20.8%
Bid-Ask Spread %38.5421.1965.0737.9165.07
Gamma HHI0.110.070.310.080.13
Net GEX15.7M-3.1M40.4M11.5M25.2M
Net DEX-303.3M-537.2M-100.3M-184.7M-537.2M
Net VEX-3.6M-3.7M-3.5M-3.7M-3.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.282.270.661.46
Total Volume11,405.93,77734,8347,7169,362
Total OI111,372.697,931122,276105,973122,276

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$220.02$220.0027.0%7.4%20.7%53.3%26.3%2.5%-1.0%11.5M-184.7M-3.7M0.6637.91N/AN/A4,6473,06946,07259,901
2024-02-02$219.78$220.0027.4%7.6%20.6%55.3%27.4%1.8%-0.6%19.8M-177.7M-3.7M1.1358.75N/AN/A6,2107,04347,00960,905
2024-02-05$217.64$220.0027.6%7.6%21.0%56.5%28.8%2.6%-0.8%3.8M-106.0M-3.7M1.5035.22N/AN/A2,2403,36146,26059,426
2024-02-06$217.47$220.0028.2%7.7%19.7%59.4%27.4%2.7%-1.1%4.7M-100.3M-3.7M0.2838.28N/AN/A7,8682,20646,93460,852
2024-02-07$221.26$220.0027.7%7.7%20.6%56.8%27.1%2.6%-0.7%17.4M-230.3M-3.7M1.4745.95N/AN/A4,5586,69749,32261,963
2024-02-08$219.87$220.0027.3%7.7%20.2%54.7%26.7%2.2%-0.7%10.3M-166.6M-3.7M0.7822.93N/AN/A4,2023,25849,25564,002
2024-02-09$221.88$220.0027.6%7.8%20.4%56.4%27.2%2.4%-0.6%20.1M-237.8M-3.7M2.2734.69N/AN/A2,1544,89149,78264,871
2024-02-12$230.06$220.0028.7%8.1%24.0%61.8%28.7%2.5%-1.0%17.7M-433.8M-3.6M0.5233.91N/AN/A10,4185,36948,12962,127
2024-02-13$225.38$220.0029.4%8.4%25.3%65.5%30.0%3.1%-0.5%15.3M-304.2M-3.7M0.6932.99N/AN/A3,1992,20649,92363,622
2024-02-14$226.65$220.0028.4%8.1%25.1%60.2%28.8%2.8%0.2%19.4M-347.2M-3.7M1.0147.65N/AN/A1,8811,89650,31164,288
2024-02-15$228.04$220.0028.5%8.2%25.2%63.2%29.3%2.8%-1.2%23.3M-397.9M-3.6M0.6253.78N/AN/A3,7412,30550,82765,084
2024-02-16$227.05$220.0028.8%8.3%25.1%64.8%29.8%3.0%0.4%14.6M-373.9M-3.6M1.8445.89N/AN/A5,0209,21252,10966,059
2024-02-20$225.52$220.0028.9%8.6%25.3%65.1%29.9%3.3%-1.1%-3.1M-208.6M-3.6M1.0346.66N/AN/A3,7483,85644,85361,544
2024-02-21$227.25$220.0029.0%8.5%23.3%65.5%29.3%2.1%-0.9%3.1M-267.0M-3.5M0.6826.20N/AN/A2,4951,70346,99762,636
2024-02-22$230.05$220.0027.5%8.3%22.6%57.8%29.2%2.2%-0.6%14.1M-351.0M-3.5M0.6736.53N/AN/A3,3132,21747,12662,949
2024-02-23$232.81$220.0025.5%7.8%22.7%47.5%27.4%1.8%-1.2%40.4M-417.8M-3.5M0.5628.00N/AN/A5,3753,01647,57463,634
2024-02-26$231.65$220.0026.6%8.3%22.9%54.7%29.5%0.5%1.1%13.2M-328.0M-3.5M1.2729.68N/AN/A10,64013,50244,37153,560
2024-02-27$235.50$220.0021.8%6.3%23.1%30.0%22.2%1.3%-0.3%21.0M-419.3M-3.5M0.9329.52N/AN/A18,07316,76151,11761,898
2024-02-28$237.90$225.0020.3%6.0%22.5%22.7%21.0%1.3%-0.2%23.1M-475.9M-3.5M1.0821.19N/AN/A12,69313,71352,73065,154
2024-02-29$240.45$227.5019.8%5.6%21.8%19.3%20.0%1.6%-0.3%25.2M-537.2M-3.5M1.4665.07N/AN/A3,8035,55953,73768,539