LUMN Options History — August 2022

In August 2022, LUMN traded between $10.05 and $11.27. ATM implied volatility averaged 36.2%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded above realized volatility by 4.7% (HV 20d: 31.4%). Max pain ranged from $10.50 to $12.00. Net GEX was positive for 10 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.85.

Notable Days

2022-08-15: Highest Volume — 88,278 contracts
2022-08-04: Largest IV drop — 24.1% change
2022-08-03: Highest IV Rank — 72.9%
2022-08-03: Largest Expected Move — 16.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.86	$10.05	$11.27	$11.00	$10.05
Max Pain	$11.09	$10.50	$12.00	$12.00	$10.50
ATM IV	36.2%	28.9%	51.6%	51.1%	36.3%
Expected Move	10.5%	7.9%	16.9%	16.4%	11.0%
HV 20d	31.4%	27.4%	34.8%	27.7%	31.3%
HV 60d	36.4%	33.7%	40.1%	39.8%	34.9%
IV Rank	22.1%	0.0%	72.9%	71.4%	24.0%
IV Percentile	31.6%	0.0%	92.9%	91.7%	35.7%
Term Structure	-1.0%	-6.3%	1.6%	-3.2%	0.4%
VWIV	36.3%	27.5%	58.1%	56.0%	35.2%
Skew 25d	5.7%	2.9%	13.3%	11.4%	6.2%
Skew 10d	15.7%	4.2%	69.1%	20.2%	14.1%
Call IV 25d	33.8%	28.5%	45.4%	44.1%	34.3%
Put IV 25d	39.5%	31.6%	56.3%	55.5%	40.5%
Bid-Ask Spread %	20.65	4.52	64.55	43.38	49.82
Gamma HHI	0.15	0.10	0.21	0.10	0.21
Net GEX	-395.0K	-3.0M	2.2M	-377.2K	-2.9M
Net DEX	44.1M	10.1M	99.2M	31.6M	96.5M
Net VEX	-799.8K	-856.4K	-719.6K	-811.5K	-785.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.85	0.13	2.97	0.46	0.86
Total Volume	23,355.87	8,888	88,278	21,030	13,805
Total OI	620,398.174	585,011	710,274	585,011	606,105

Daily Data (23 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
2022-08-01	$11.00	$12.00	51.1%	16.4%	27.7%	71.4%	56.0%	11.4%	-3.2%	-377.2K	31.6M	-811.5K	0.46	43.38	N/A	N/A	14,358	6,672	247,997	337,014
2022-08-02	$10.85	$12.00	50.3%	16.1%	28.0%	68.6%	58.1%	9.8%	-1.5%	-535.2K	37.9M	-821.0K	1.43	42.77	N/A	N/A	7,540	10,812	254,917	339,305
2022-08-03	$11.18	$11.50	51.6%	16.9%	29.8%	72.9%	55.9%	13.3%	-4.5%	297.6K	13.7M	-835.8K	0.42	46.72	N/A	N/A	23,582	9,847	258,651	345,381
2022-08-04	$10.84	$11.00	39.1%	10.4%	31.9%	31.6%	38.0%	6.5%	-1.4%	-611.4K	41.9M	-771.3K	1.00	14.63	N/A	N/A	19,567	19,608	270,025	348,103
2022-08-05	$10.65	$11.00	40.6%	10.6%	32.2%	36.6%	37.9%	5.0%	-6.3%	-2.5M	52.0M	-788.8K	2.97	7.68	N/A	N/A	10,787	32,012	273,205	356,401
2022-08-08	$10.99	$11.00	36.8%	10.2%	34.0%	23.7%	35.3%	5.4%	-0.9%	43.8K	36.0M	-792.7K	0.78	7.19	N/A	N/A	20,313	15,778	251,486	342,530
2022-08-09	$10.81	$11.00	36.1%	10.2%	34.4%	21.7%	35.6%	6.3%	-0.6%	-365.6K	50.5M	-782.9K	0.20	64.55	N/A	N/A	8,806	1,787	260,846	343,591
2022-08-10	$10.89	$11.00	35.5%	10.1%	34.4%	19.7%	33.9%	6.1%	-0.8%	161.9K	40.0M	-764.8K	0.56	22.14	N/A	N/A	6,182	3,441	265,658	343,663
2022-08-11	$11.12	$11.00	35.5%	10.0%	34.6%	19.6%	35.3%	4.5%	-0.8%	1.7M	17.1M	-756.1K	1.00	6.87	N/A	N/A	5,026	5,026	269,417	346,078
2022-08-12	$11.19	$11.00	33.7%	9.5%	34.5%	13.5%	34.8%	2.9%	-2.7%	1.7M	13.8M	-767.0K	0.71	4.52	N/A	N/A	5,207	3,681	271,900	348,528
2022-08-15	$11.07	$11.00	32.6%	9.1%	34.8%	9.8%	32.3%	6.3%	1.6%	1.1M	28.8M	-719.6K	1.51	8.00	N/A	N/A	35,191	53,087	265,929	346,967
2022-08-16	$11.27	$11.00	32.1%	9.3%	34.2%	8.4%	30.2%	6.9%	-2.7%	2.2M	10.1M	-825.6K	2.92	6.88	N/A	N/A	8,470	24,770	292,168	379,023
2022-08-17	$11.09	$11.00	32.8%	9.4%	34.7%	10.5%	32.4%	3.7%	-0.7%	451.7K	36.1M	-856.4K	0.89	17.64	N/A	N/A	8,468	7,557	293,856	399,606
2022-08-18	$11.01	$11.00	32.3%	9.3%	27.4%	9.0%	32.1%	3.6%	-0.2%	-200.7K	48.7M	-843.8K	0.13	14.58	N/A	N/A	16,416	2,211	293,729	402,609
2022-08-19	$11.03	$11.00	30.3%	8.6%	27.4%	2.3%	30.0%	3.1%	1.0%	416.7K	42.3M	-815.3K	0.84	42.20	N/A	N/A	13,501	11,398	306,112	404,162
2022-08-22	$10.72	$11.00	34.3%	9.8%	29.2%	15.7%	33.5%	3.3%	-0.3%	-1.7M	60.4M	-840.8K	0.25	4.93	N/A	N/A	16,318	4,150	242,987	342,816
2022-08-23	$10.88	$11.00	31.0%	8.9%	29.3%	4.7%	32.7%	4.2%	-0.2%	-520.9K	43.0M	-835.8K	0.41	5.21	N/A	N/A	9,784	3,991	254,598	345,474
2022-08-24	$10.89	$11.00	31.1%	8.7%	28.3%	4.9%	31.2%	4.0%	0.5%	-725.5K	43.8M	-805.1K	0.23	15.96	N/A	N/A	9,525	2,229	257,930	348,751
2022-08-25	$11.03	$11.00	28.9%	8.1%	28.5%	0.0%	28.0%	3.0%	0.6%	291.5K	31.7M	-777.9K	0.70	11.04	N/A	N/A	10,421	7,296	258,684	349,922
2022-08-26	$10.82	$11.00	29.6%	7.9%	29.3%	2.1%	27.5%	3.3%	0.4%	-1.7M	55.5M	-818.0K	0.35	16.22	N/A	N/A	12,316	4,324	263,360	351,578
2022-08-29	$10.35	$11.00	33.1%	9.8%	33.1%	13.6%	34.5%	5.5%	0.2%	-2.3M	83.7M	-810.9K	0.52	10.43	N/A	N/A	7,261	3,797	247,943	344,581
2022-08-30	$10.10	$11.00	36.5%	11.0%	33.7%	24.7%	34.7%	6.2%	-0.5%	-3.0M	99.2M	-769.4K	0.45	11.64	N/A	N/A	14,367	6,500	250,234	345,338
2022-08-31	$10.05	$10.50	36.3%	11.0%	31.3%	24.0%	35.2%	6.2%	0.4%	-2.9M	96.5M	-785.4K	0.86	49.82	N/A	N/A	7,437	6,368	258,799	347,306