LOW Options History — May 2024

In May 2024, LOW traded between $214.47 and $236.57. ATM implied volatility averaged 23.9%, placing in the 43.1% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 7.4% (HV 20d: 16.5%). Max pain ranged from $220.00 to $240.00. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.99.

Notable Days

  • 2024-05-21: Highest Volume — 45,812 contracts
  • 2024-05-21: Largest IV drop — 22.3% change
  • 2024-05-02: Highest IV Rank — 64.9%
  • 2024-05-14: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$226.85$214.47$236.57$229.44$219.95
Max Pain$229.77$220.00$240.00$230.00$220.00
ATM IV23.9%18.3%27.6%26.3%20.0%
Expected Move6.6%5.2%7.5%7.2%5.6%
HV 20d16.5%13.2%20.3%16.4%20.3%
HV 60d19.7%18.8%20.5%20.5%20.0%
IV Rank43.1%10.8%64.9%57.1%20.4%
IV Percentile52.0%4.4%77.8%68.7%31.0%
Term Structure-0.7%-2.2%0.5%-0.0%-0.7%
VWIV22.9%17.7%26.1%25.3%19.6%
Skew 25d2.0%-0.5%5.5%2.3%1.9%
Skew 10d4.0%-0.7%9.2%-0.7%3.0%
Call IV 25d23.1%17.3%26.8%26.1%19.0%
Put IV 25d25.1%19.0%31.4%28.4%20.8%
Bid-Ask Spread %49.6120.5267.0223.9939.83
Gamma HHI0.170.080.730.090.73
Net GEX-9.5M-121.8M210.8M-13.6M210.8M
Net DEX51.3M-199.7M454.6M27.0M-153.1M
Net VEX-4.2M-4.4M-3.8M-4.4M-3.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.182.671.200.24
Total Volume12,568.6823,31945,8123,88930,826
Total OI138,860127,218159,438128,311157,415

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$229.44$230.0026.3%7.2%16.4%57.1%25.3%2.3%-0.0%-13.6M27.0M-4.4M1.2023.99N/AN/A1,7642,12550,30078,011
2024-05-02$228.34$230.0027.6%7.3%16.1%64.9%25.5%2.7%-1.0%-16.3M46.5M-4.4M2.6720.52N/AN/A1,6004,27050,94978,036
2024-05-03$232.39$230.0027.3%6.9%17.5%63.1%24.1%2.3%-1.3%-1.6M-84.2M-4.4M0.7960.98N/AN/A3,5252,77051,37381,099
2024-05-06$231.54$230.0027.4%7.4%16.6%63.5%25.7%-0.5%-0.4%-5.6M-33.9M-4.4M0.9545.23N/AN/A1,8581,75850,42676,792
2024-05-07$231.52$230.0027.1%7.3%16.4%61.7%24.7%2.6%-1.0%-5.5M-56.1M-4.3M1.1043.63N/AN/A1,5801,73951,09877,500
2024-05-08$232.75$230.0026.3%7.3%13.4%56.8%25.3%1.6%-0.0%-2.8M-85.7M-4.4M0.9851.68N/AN/A1,8931,85251,61477,876
2024-05-09$236.57$230.0026.6%7.1%14.6%58.8%25.4%1.5%-1.1%4.8M-196.9M-4.3M0.9652.00N/AN/A5,8925,64852,74178,506
2024-05-10$234.93$230.0025.7%7.1%13.2%53.8%24.0%1.5%-0.7%-5.1M-163.8M-4.3M1.3166.76N/AN/A2,3443,06654,19682,440
2024-05-13$232.97$230.0027.3%7.4%13.2%63.0%25.4%3.3%-2.0%-4.3M-96.7M-4.3M1.2261.64N/AN/A3,8584,68853,02678,511
2024-05-14$231.05$230.0026.9%7.5%13.5%60.6%26.1%5.5%-0.0%-8.3M-32.3M-4.4M0.4737.62N/AN/A8,8434,18254,95080,582
2024-05-15$235.98$230.0026.7%7.1%15.3%59.1%25.2%2.5%-1.7%18.0M-199.7M-4.3M0.3067.02N/AN/A9,1712,76760,95081,735
2024-05-16$232.48$240.0026.3%7.2%16.4%57.2%24.8%1.6%-1.5%-2.3M-78.4M-4.3M1.2465.74N/AN/A3,1573,91759,12882,448
2024-05-17$230.94$240.0025.2%7.0%16.6%50.5%24.4%1.7%-1.0%-3.8M-26.6M-4.2M1.1665.52N/AN/A3,6254,22059,32182,914
2024-05-20$229.03$230.0023.9%6.8%16.7%43.4%23.6%1.7%-0.6%-10.1M6.2M-4.1M1.2349.82N/AN/A11,71514,36451,26677,128
2024-05-21$223.95$230.0018.6%5.3%17.7%12.7%18.8%1.4%-0.2%-29.9M181.2M-3.9M1.0348.44N/AN/A22,55723,25558,42586,201
2024-05-22$220.53$230.0018.9%5.4%17.5%14.1%18.4%1.6%0.2%-45.6M273.2M-4.0M1.0350.24N/AN/A7,3867,58864,10091,531
2024-05-23$217.00$230.0018.9%5.4%18.2%14.0%19.2%1.6%0.5%-59.8M379.5M-4.0M1.6256.82N/AN/A5,0138,13666,73489,400
2024-05-24$215.11$230.0018.3%5.2%18.3%10.8%17.7%1.7%0.5%-121.8M454.6M-3.9M1.1745.92N/AN/A6,0327,05267,51491,924
2024-05-28$214.55$227.5019.4%5.6%18.2%17.3%19.4%1.5%-0.1%-36.4M339.5M-3.8M0.1847.84N/AN/A8,9731,62657,97479,917
2024-05-29$214.47$225.0020.6%5.7%18.2%24.1%19.9%2.7%-1.6%-36.7M336.2M-3.8M0.6145.84N/AN/A2,9661,81959,54780,028
2024-05-30$215.11$222.5020.3%5.8%18.2%22.3%20.9%1.6%-2.2%-33.0M292.7M-3.8M0.3144.38N/AN/A19,1555,93659,55179,743
2024-05-31$219.95$220.0020.0%5.6%20.3%20.4%19.6%1.9%-0.7%210.8M-153.1M-3.9M0.2439.83N/AN/A24,8176,00975,59081,825