LUMN Options History — March 2021

In March 2021, LUMN traded between $12.53 and $14.40. ATM implied volatility averaged 43.6%, placing in the 16.8% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded below realized volatility by 2.2% (HV 20d: 45.7%). Max pain ranged from $10.00 to $12.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.51.

Notable Days

  • 2021-03-03: Highest Volume — 123,950 contracts
  • 2021-03-03: Largest IV spike — 24.6% change
  • 2021-03-25: Highest IV Rank — 24.2%
  • 2021-03-03: Largest Expected Move — 16.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.65$12.53$14.40$12.53$13.34
Max Pain$11.70$10.00$12.00$10.00$12.00
ATM IV43.6%34.5%54.3%46.9%34.5%
Expected Move12.3%10.5%16.9%14.4%10.5%
HV 20d45.7%41.4%51.4%45.6%41.4%
HV 60d80.9%79.9%81.7%79.9%81.7%
IV Rank16.8%9.0%24.2%14.2%9.0%
IV Percentile44.6%12.9%68.8%39.7%12.9%
Term Structure-1.9%-18.3%6.1%-18.3%-7.5%
VWIV45.7%36.7%61.0%55.1%36.7%
Skew 25d-1.4%-6.5%6.9%-5.2%4.3%
Skew 10d-7.1%-32.9%23.7%-32.1%0.6%
Call IV 25d46.5%36.2%57.1%57.1%36.2%
Put IV 25d45.1%38.6%55.4%51.9%40.5%
Bid-Ask Spread %28.946.2964.6264.6230.14
Gamma HHI0.200.130.300.170.25
Net GEX4.4M2.4M8.9M3.5M2.9M
Net DEX-132.7M-194.4M-72.9M-104.4M-81.3M
Net VEX-842.2K-940.6K-737.1K-738.8K-737.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.072.180.150.75
Total Volume33,391.2617,945123,95039,06413,867
Total OI434,639.609387,852466,623387,852442,973

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$12.53$10.0046.9%14.4%45.6%0.0%55.1%-5.2%-18.3%3.5M-104.4M-738.8K0.1564.62N/AN/A34,0475,017287,413100,439
2021-03-02$12.91$11.0043.5%13.0%43.5%0.0%46.9%-2.3%0.9%4.5M-125.5M-767.0K0.0958.35N/AN/A34,2293,185296,688103,572
2021-03-03$13.78$12.0054.3%16.9%46.0%0.0%61.0%-3.9%2.5%4.6M-178.8M-810.1K0.0713.17N/AN/A115,4688,482299,399104,696
2021-03-04$13.43$10.0050.5%13.4%47.3%0.0%50.2%-1.4%-6.8%5.8M-158.2M-805.9K0.1020.22N/AN/A60,9835,980323,370107,367
2021-03-05$13.51$11.0052.5%13.5%47.0%0.0%49.8%-4.8%-5.6%8.9M-135.0M-839.9K0.1211.12N/AN/A45,2025,433298,243108,496
2021-03-08$14.40$11.0051.0%14.5%48.7%0.0%52.0%-2.5%0.2%5.1M-194.4M-940.6K0.4817.95N/AN/A37,58717,961309,956101,172
2021-03-09$13.86$12.0048.1%13.3%51.3%0.0%48.4%0.3%0.4%4.8M-151.4M-893.1K0.2418.21N/AN/A29,3897,083312,382114,480
2021-03-10$13.89$12.0044.3%12.9%51.2%0.0%52.8%-3.2%0.6%4.9M-152.2M-902.2K1.197.08N/AN/A14,36317,079316,827116,903
2021-03-11$13.64$12.0043.7%12.7%51.4%0.0%45.6%-1.4%2.7%4.5M-133.1M-879.5K0.156.29N/AN/A11,6031,757319,259132,423
2021-03-12$14.07$12.0042.8%12.5%41.9%0.0%46.5%3.1%3.2%5.9M-166.5M-905.4K0.099.76N/AN/A14,4121,243320,476132,967
2021-03-15$14.14$12.0043.9%12.6%41.6%0.0%46.8%-2.1%-1.0%4.9M-163.3M-889.6K0.157.94N/AN/A16,9152,536310,200127,852
2021-03-16$14.07$12.0040.4%11.6%41.8%0.0%47.7%-4.3%-0.0%5.3M-158.3M-861.2K2.1721.57N/AN/A8,73919,003314,015129,247
2021-03-17$14.11$12.0038.9%11.2%41.8%0.0%40.5%-1.1%-0.5%5.0M-156.4M-866.2K0.3339.41N/AN/A10,0413,308313,500146,515
2021-03-18$13.99$12.0039.8%11.3%41.9%0.0%40.6%-2.2%0.7%4.9M-146.5M-861.7K1.6318.83N/AN/A9,58615,603315,352149,043
2021-03-19$14.12$12.0039.7%10.9%41.8%0.0%39.7%-1.2%1.2%4.7M-160.1M-864.8K0.2232.77N/AN/A11,2172,476316,206150,417
2021-03-22$14.31$12.0043.9%11.8%41.7%0.0%43.3%-4.4%-2.4%3.8M-147.8M-897.9K0.1146.33N/AN/A58,0586,218275,184133,691
2021-03-23$13.64$12.0038.0%11.1%46.1%14.2%42.4%-6.5%1.4%3.9M-118.0M-875.6K0.2644.29N/AN/A21,3735,633295,932138,129
2021-03-24$13.26$12.0039.8%10.8%47.3%16.9%40.4%-3.4%0.8%3.0M-85.6M-819.3K0.4349.89N/AN/A14,6706,251301,264142,117
2021-03-25$13.59$12.0044.8%11.2%47.0%24.2%41.5%0.7%-2.7%3.5M-107.6M-841.8K0.1755.77N/AN/A12,5582,146305,232146,209
2021-03-26$13.12$12.0039.2%11.3%49.2%16.0%41.0%4.0%6.1%2.7M-72.9M-783.0K0.4044.56N/AN/A19,2547,605306,390146,952
2021-03-29$13.14$12.0043.3%11.8%48.7%22.1%43.1%6.9%-2.9%2.4M-74.3M-792.0K2.1821.52N/AN/A7,07015,424293,466149,956
2021-03-30$13.19$12.0038.6%10.7%47.6%15.0%39.7%-1.2%-17.3%2.7M-81.2M-797.6K0.3025.74N/AN/A6,1231,822296,099144,242
2021-03-31$13.34$12.0034.5%10.5%41.4%9.0%36.7%4.3%-7.5%2.9M-81.3M-737.1K0.7530.14N/AN/A7,9285,939297,873145,100