LOW Options History — January 2025

In January 2025, LOW traded between $245.80 and $268.57. ATM implied volatility averaged 21.7%, placing in the 17.8% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 5.1% (HV 20d: 16.6%). Max pain ranged from $240.00 to $260.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 1.09.

Notable Days

2025-01-21: Highest Volume — 16,221 contracts
2025-01-27: Largest IV spike — 16.6% change
2025-01-31: Highest IV Rank — 38.9%
2025-01-13: Largest Expected Move — 6.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$256.36	$245.80	$268.57	$246.99	$259.74
Max Pain	$252.50	$240.00	$260.00	$240.00	$260.00
ATM IV	21.7%	18.1%	26.4%	21.2%	26.4%
Expected Move	5.8%	5.2%	6.4%	5.8%	6.1%
HV 20d	16.6%	15.3%	19.0%	15.5%	19.0%
HV 60d	22.1%	21.4%	22.5%	22.4%	22.5%
IV Rank	17.8%	1.4%	38.9%	15.4%	38.9%
IV Percentile	39.4%	0.4%	71.4%	41.3%	71.4%
Term Structure	0.8%	-1.5%	5.1%	1.0%	-1.2%
VWIV	20.1%	17.9%	22.0%	20.0%	20.6%
Skew 25d	2.6%	2.1%	3.6%	2.8%	2.9%
Skew 10d	4.4%	-6.9%	9.9%	2.1%	6.7%
Call IV 25d	20.5%	17.4%	25.4%	19.4%	25.4%
Put IV 25d	23.2%	19.5%	28.2%	22.2%	28.2%
Bid-Ask Spread %	59.29	24.70	76.53	61.10	59.24
Gamma HHI	0.12	0.08	0.28	0.11	0.28
Net GEX	1.6M	-28.9M	26.2M	-16.9M	-28.9M
Net DEX	-174.6M	-513.0M	95.9M	32.8M	-128.1M
Net VEX	-3.8M	-4.2M	-3.5M	-3.6M	-4.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.09	0.22	3.42	2.14	0.54
Total Volume	7,290.5	3,213	16,221	6,287	3,385
Total OI	123,950.35	91,340	149,319	136,012	111,378

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-01-02	$246.99	$240.00	21.2%	5.8%	15.5%	15.4%	20.0%	2.8%	1.0%	-16.9M	32.8M	-3.6M	2.14	61.10	N/A	N/A	2,004	4,283	61,026	74,986
2025-01-03	$248.08	$240.00	20.8%	5.3%	15.9%	13.8%	18.3%	3.0%	0.8%	-7.5M	75.5K	-3.6M	3.42	62.65	N/A	N/A	1,797	6,148	61,696	76,124
2025-01-06	$249.73	$250.00	20.8%	5.9%	16.3%	13.5%	20.9%	2.2%	-0.1%	-11.8M	-44.6M	-3.5M	0.89	76.14	N/A	N/A	6,734	6,010	60,108	75,653
2025-01-07	$246.29	$250.00	21.3%	6.1%	15.6%	15.7%	21.4%	2.6%	0.4%	-18.3M	95.9M	-3.7M	1.82	52.86	N/A	N/A	1,886	3,434	63,077	80,648
2025-01-08	$245.80	$250.00	21.5%	6.0%	15.3%	16.7%	21.3%	2.5%	0.5%	-20.7M	77.5M	-3.6M	3.20	69.30	N/A	N/A	1,906	6,107	63,861	80,717
2025-01-10	$247.84	$250.00	21.6%	6.3%	15.6%	17.2%	22.0%	2.9%	0.3%	-6.3M	-17.3M	-3.6M	0.99	74.22	N/A	N/A	4,961	4,917	64,870	79,899
2025-01-13	$248.61	$250.00	23.1%	6.4%	15.8%	23.7%	21.7%	2.5%	-0.7%	-8.6M	-60.2M	-3.6M	0.31	58.16	N/A	N/A	4,621	1,420	61,549	78,308
2025-01-14	$251.41	$250.00	22.4%	6.3%	15.5%	21.0%	21.5%	3.0%	-0.1%	2.0M	-176.4M	-3.6M	0.46	75.55	N/A	N/A	3,336	1,547	63,065	78,575
2025-01-15	$257.82	$250.00	20.3%	5.7%	18.3%	11.1%	20.1%	2.2%	-0.9%	17.6M	-389.8M	-3.5M	0.22	76.53	N/A	N/A	7,767	1,727	63,744	79,223
2025-01-16	$259.00	$250.00	19.6%	5.5%	18.1%	8.3%	19.2%	3.1%	-0.6%	26.2M	-434.6M	-3.5M	0.88	48.92	N/A	N/A	5,295	4,648	65,921	79,639
2025-01-17	$261.26	$250.00	19.1%	5.5%	17.9%	6.1%	19.1%	2.2%	-0.2%	6.9M	-513.0M	-3.6M	0.86	51.89	N/A	N/A	3,360	2,877	67,533	81,786
2025-01-21	$264.17	$250.00	18.1%	5.2%	15.4%	1.4%	17.9%	2.1%	5.1%	13.1M	-247.6M	-3.6M	0.23	32.94	N/A	N/A	13,161	3,060	40,945	50,395
2025-01-22	$258.94	$255.00	18.5%	5.3%	15.4%	3.3%	18.5%	2.2%	5.1%	4.1M	-132.7M	-3.7M	0.52	62.70	N/A	N/A	2,233	1,167	43,936	52,863
2025-01-23	$260.98	$255.00	19.9%	5.5%	15.4%	9.6%	18.9%	2.4%	4.7%	10.4M	-204.2M	-3.7M	0.54	24.70	N/A	N/A	3,490	1,884	45,030	53,152
2025-01-24	$261.77	$260.00	20.4%	5.3%	15.3%	11.6%	18.3%	2.1%	5.1%	14.3M	-229.2M	-3.9M	1.58	59.70	N/A	N/A	2,386	3,776	48,130	54,711
2025-01-27	$268.57	$260.00	23.8%	5.8%	17.2%	26.9%	20.5%	2.1%	-0.8%	18.9M	-377.0M	-4.0M	0.46	58.46	N/A	N/A	4,230	1,927	47,582	53,260
2025-01-28	$265.11	$260.00	24.7%	5.8%	18.2%	31.2%	20.2%	2.9%	-0.6%	16.7M	-302.2M	-4.0M	0.70	52.77	N/A	N/A	1,895	1,318	49,197	54,406
2025-01-29	$262.30	$260.00	26.1%	5.8%	18.5%	37.3%	20.3%	3.4%	-1.5%	11.2M	-204.0M	-4.2M	1.63	59.92	N/A	N/A	2,056	3,350	49,779	55,197
2025-01-30	$262.79	$260.00	25.0%	5.9%	18.4%	32.7%	20.3%	3.6%	-0.7%	8.7M	-236.9M	-4.1M	0.50	67.97	N/A	N/A	6,478	3,229	50,498	56,540
2025-01-31	$259.74	$260.00	26.4%	6.1%	19.0%	38.9%	20.6%	2.9%	-1.2%	-28.9M	-128.1M	-4.2M	0.54	59.24	N/A	N/A	2,203	1,182	52,250	59,128