LOW Options History — May 2025

In May 2025, LOW traded between $221.67 and $235.00. ATM implied volatility averaged 28.8%, placing in the 30.9% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded below realized volatility by 1.4% (HV 20d: 30.2%). Max pain ranged from $220.00 to $240.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.70.

Notable Days

2025-05-22: Highest Volume — 28,770 contracts
2025-05-21: Largest IV drop — 14.9% change
2025-05-07: Highest IV Rank — 43.5%
2025-05-07: Largest Expected Move — 9.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$226.96	$221.67	$235.00	$223.46	$225.49
Max Pain	$236.43	$220.00	$240.00	$220.00	$232.50
ATM IV	28.8%	23.9%	33.2%	32.4%	23.9%
Expected Move	7.9%	6.8%	9.1%	8.3%	6.8%
HV 20d	30.2%	22.5%	48.5%	48.5%	22.9%
HV 60d	34.6%	33.9%	35.0%	34.5%	34.3%
IV Rank	30.9%	16.8%	43.5%	41.3%	16.8%
IV Percentile	74.4%	47.6%	92.9%	92.1%	47.6%
Term Structure	-0.7%	-2.3%	0.6%	-1.0%	0.3%
VWIV	25.9%	18.0%	31.0%	27.0%	18.0%
Skew 25d	5.1%	3.4%	6.6%	5.8%	3.9%
Skew 10d	10.4%	-3.2%	22.9%	11.7%	11.0%
Call IV 25d	26.1%	22.0%	30.5%	29.9%	22.0%
Put IV 25d	31.2%	25.9%	37.2%	35.8%	25.9%
Bid-Ask Spread %	47.94	18.59	79.53	53.96	69.38
Gamma HHI	0.09	0.07	0.12	0.07	0.10
Net GEX	3.7M	-14.4M	15.7M	2.7M	3.9M
Net DEX	85.3M	-118.3M	246.6M	136.8M	97.2M
Net VEX	-3.8M	-4.0M	-3.5M	-3.8M	-3.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.70	0.37	9.86	0.90	5.48
Total Volume	8,783.714	1,915	28,770	3,165	8,441
Total OI	119,057.714	110,846	131,388	112,304	127,524

Daily Data (21 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
2025-05-01	$223.46	$220.00	32.4%	8.3%	48.5%	41.3%	27.0%	5.8%	-1.0%	2.7M	136.8M	-3.8M	0.90	53.96	N/A	N/A	1,670	1,495	55,622	56,682
2025-05-02	$226.90	$220.00	31.3%	7.4%	44.0%	38.2%	26.5%	4.8%	-1.2%	8.6M	64.8M	-4.0M	0.47	38.77	N/A	N/A	2,244	1,053	56,471	57,159
2025-05-05	$225.91	$240.00	32.1%	8.4%	43.5%	40.4%	29.1%	5.6%	-0.4%	3.4M	100.9M	-3.9M	0.48	69.89	N/A	N/A	1,290	625	55,042	55,804
2025-05-06	$223.31	$240.00	32.4%	8.9%	39.5%	41.2%	29.4%	4.9%	-0.7%	1.0M	152.4M	-3.8M	1.13	51.22	N/A	N/A	1,012	1,148	55,769	56,140
2025-05-07	$223.62	$240.00	33.2%	9.1%	37.5%	43.5%	28.8%	6.6%	-1.5%	1.8M	142.0M	-3.8M	0.51	79.53	N/A	N/A	1,957	1,005	56,039	56,887
2025-05-08	$225.17	$240.00	32.4%	8.3%	30.0%	41.4%	29.6%	6.2%	-0.9%	5.1M	106.6M	-3.8M	0.63	27.30	N/A	N/A	1,820	1,152	56,944	57,211
2025-05-09	$222.33	$240.00	32.5%	8.8%	29.7%	41.7%	28.8%	5.7%	-1.3%	-15.0K	169.0M	-3.7M	0.94	34.75	N/A	N/A	1,299	1,217	57,707	57,388
2025-05-12	$231.68	$240.00	31.1%	8.2%	32.9%	37.7%	28.6%	6.1%	-2.3%	9.4M	-14.9M	-3.8M	0.74	70.33	N/A	N/A	2,672	1,974	56,945	56,397
2025-05-13	$230.70	$240.00	28.9%	8.0%	32.0%	31.3%	28.2%	5.7%	-0.8%	9.1M	1.7M	-3.8M	0.76	35.91	N/A	N/A	1,602	1,219	57,810	56,530
2025-05-14	$228.13	$240.00	28.8%	8.1%	30.9%	31.0%	27.5%	5.8%	-0.8%	5.9M	59.1M	-3.7M	0.82	74.01	N/A	N/A	2,798	2,285	58,236	56,957
2025-05-15	$232.01	$240.00	29.3%	8.2%	29.4%	32.3%	27.3%	4.9%	-0.9%	13.0M	-43.3M	-3.9M	0.37	33.02	N/A	N/A	6,162	2,278	60,143	58,439
2025-05-16	$233.60	$240.00	28.3%	8.1%	28.4%	29.5%	27.0%	4.9%	-0.1%	15.7M	-118.3M	-4.0M	0.39	79.46	N/A	N/A	4,090	1,609	64,515	59,633
2025-05-19	$235.00	$240.00	30.2%	8.6%	24.4%	35.0%	31.0%	5.9%	-1.9%	12.1M	-95.6M	-4.0M	1.14	68.70	N/A	N/A	3,247	3,711	59,900	56,260
2025-05-20	$230.50	$240.00	29.3%	8.4%	22.8%	32.2%	28.4%	5.2%	-1.1%	6.5M	29.8M	-3.9M	0.97	41.04	N/A	N/A	9,557	9,226	61,150	58,969
2025-05-21	$227.08	$240.00	24.9%	7.1%	23.3%	19.7%	23.9%	4.3%	-0.8%	-3.0M	148.1M	-3.7M	0.56	55.92	N/A	N/A	10,378	5,776	66,473	64,688
2025-05-22	$224.86	$240.00	24.5%	7.0%	22.5%	18.4%	22.1%	4.1%	-0.2%	-6.6M	201.0M	-3.6M	5.44	22.50	N/A	N/A	4,465	24,305	67,157	63,850
2025-05-23	$221.67	$235.00	25.7%	7.3%	22.8%	21.8%	22.4%	4.3%	0.6%	-14.4M	246.6M	-3.5M	1.54	32.60	N/A	N/A	4,882	7,529	68,507	62,881
2025-05-27	$225.17	$232.50	24.8%	6.8%	23.4%	19.3%	21.4%	4.2%	0.6%	242.9K	138.0M	-3.5M	1.93	22.24	N/A	N/A	3,084	5,940	61,980	57,033
2025-05-28	$224.84	$232.50	24.5%	6.9%	23.0%	18.6%	20.2%	4.3%	-0.2%	-365.8K	150.1M	-3.5M	0.74	18.59	N/A	N/A	6,865	5,060	62,997	57,864
2025-05-29	$224.71	$232.50	24.1%	6.9%	22.9%	17.4%	19.2%	3.4%	-0.1%	3.0M	120.0M	-3.7M	9.86	27.64	N/A	N/A	2,423	23,893	68,335	58,174
2025-05-30	$225.49	$232.50	23.9%	6.8%	22.9%	16.8%	18.0%	3.9%	0.3%	3.9M	97.2M	-3.6M	5.48	69.38	N/A	N/A	1,302	7,139	69,032	58,492