LOW Options History — March 2024

In March 2024, LOW traded between $240.69 and $260.56. ATM implied volatility averaged 19.4%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 0.8% (HV 20d: 18.6%). Max pain ranged from $220.00 to $240.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 1.33.

Notable Days

  • 2024-03-01: Highest Volume — 18,733 contracts
  • 2024-03-25: Largest IV spike — 10.9% change
  • 2024-03-05: Highest IV Rank — 25.3%
  • 2024-03-15: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$247.53$240.69$260.56$244.65$254.90
Max Pain$227.88$220.00$240.00$230.00$240.00
ATM IV19.4%17.8%20.8%19.0%18.8%
Expected Move5.5%5.1%5.9%5.4%5.1%
HV 20d18.6%13.9%21.3%19.9%21.0%
HV 60d21.0%19.1%22.1%22.1%21.0%
IV Rank17.3%7.9%25.3%14.9%13.8%
IV Percentile17.4%0.8%38.1%10.7%10.3%
Term Structure0.3%-2.0%1.3%0.8%0.2%
VWIV19.5%18.2%20.7%19.3%18.5%
Skew 25d1.8%-0.0%2.7%1.6%1.9%
Skew 10d3.7%2.2%7.7%4.4%4.1%
Call IV 25d18.7%17.2%19.8%18.8%17.8%
Put IV 25d20.5%19.1%21.7%20.5%19.7%
Bid-Ask Spread %39.9223.5974.1445.1831.61
Gamma HHI0.140.080.270.200.23
Net GEX17.6M2.3M40.3M35.7M40.3M
Net DEX-571.2M-867.8M-394.0M-644.9M-681.2M
Net VEX-3.8M-4.0M-3.4M-3.4M-4.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.330.253.501.450.97
Total Volume8,312.053,77018,73318,7338,864
Total OI121,262.8113,191128,495123,050128,495

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$244.65$230.0019.0%5.4%19.9%14.9%19.3%1.6%0.8%35.7M-644.9M-3.4M1.4545.18N/AN/A7,63211,10154,03169,019
2024-03-04$242.47$220.0020.2%5.8%20.4%21.6%20.3%1.0%-0.0%11.9M-498.4M-3.5M1.2625.25N/AN/A2,6303,32648,36064,831
2024-03-05$240.69$220.0020.8%5.9%20.2%25.3%20.7%1.8%-0.1%6.7M-431.3M-3.8M2.3354.91N/AN/A2,1935,10949,37265,574
2024-03-06$241.41$220.0020.4%5.7%20.1%23.1%20.0%-0.0%-0.0%7.1M-452.3M-3.8M0.7973.23N/AN/A3,3762,66150,59966,905
2024-03-07$241.71$220.0019.8%5.8%19.6%19.6%19.9%1.9%1.1%10.2M-478.4M-3.8M1.3623.59N/AN/A3,3644,57952,40167,293
2024-03-08$242.40$220.0019.3%5.7%19.2%16.9%19.9%2.0%0.6%15.6M-489.7M-3.9M2.1274.14N/AN/A2,1644,57953,74169,580
2024-03-11$241.02$220.0020.1%5.7%19.5%21.3%20.2%1.7%-0.3%9.1M-426.0M-3.8M1.0133.77N/AN/A2,4442,46352,37366,280
2024-03-12$243.14$220.0019.1%5.7%15.6%15.8%19.4%1.5%0.6%15.0M-516.2M-3.8M0.2733.80N/AN/A6,7321,82053,30067,317
2024-03-13$247.65$220.0019.1%5.4%13.9%15.6%20.0%1.5%-0.2%32.4M-679.9M-3.7M0.5531.57N/AN/A6,0213,33955,22767,703
2024-03-14$243.63$220.0019.3%5.7%15.8%16.4%20.0%2.2%1.0%16.9M-517.4M-3.9M3.5025.24N/AN/A2,3708,28555,75069,926
2024-03-15$244.52$230.0019.9%5.9%15.7%20.0%20.4%2.4%1.3%35.0M-534.9M-4.0M2.4233.56N/AN/A3,4858,43256,19571,779
2024-03-18$243.51$230.0019.1%5.5%15.7%15.6%18.7%2.2%-0.3%6.0M-394.0M-4.0M0.6833.67N/AN/A2,9361,98549,94665,482
2024-03-19$247.62$230.0018.7%5.4%15.9%13.3%19.2%2.1%0.2%16.1M-522.0M-4.0M0.2539.91N/AN/A7,0231,72451,36565,733
2024-03-20$251.38$230.0017.8%5.1%16.3%7.9%18.2%1.9%1.2%26.7M-642.5M-3.8M0.7653.01N/AN/A3,3132,50852,98966,322
2024-03-21$260.56$230.0018.5%5.3%19.5%12.1%18.9%1.6%0.7%23.7M-867.8M-3.6M1.0047.75N/AN/A5,9555,96653,69367,455
2024-03-22$259.27$237.5018.6%5.3%19.8%12.5%19.1%1.7%0.3%23.3M-829.7M-3.7M1.4144.17N/AN/A4,3636,14155,50270,626
2024-03-25$254.96$240.0020.6%5.5%21.0%24.2%19.6%2.7%-2.0%13.7M-661.3M-3.9M2.5428.67N/AN/A1,6794,27153,98667,170
2024-03-26$252.07$240.0019.9%5.4%21.3%20.3%19.2%1.9%0.4%2.3M-561.9M-4.0M0.8228.97N/AN/A2,0741,69654,41069,367
2024-03-27$252.95$240.0019.1%5.2%21.1%15.2%18.5%1.7%-0.4%4.5M-594.5M-4.0M1.1436.50N/AN/A3,5654,07355,20569,954
2024-03-28$254.90$240.0018.8%5.1%21.0%13.8%18.5%1.9%0.2%40.3M-681.2M-4.0M0.9731.61N/AN/A4,4984,36656,86671,629