LUMN Options History — March 2023

In March 2023, LUMN traded between $2.41 and $3.33. ATM implied volatility averaged 72.7%, placing in the 81.7% IV rank vs the trailing year. The 30-day expected move averaged 20.2%. IV traded above realized volatility by 10.1% (HV 20d: 62.7%). Max pain ranged from $3.50 to $5.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 0.96.

Notable Days

  • 2023-03-08: Highest Volume — 62,089 contracts
  • 2023-03-13: Largest IV spike — 23.0% change
  • 2023-03-13: Highest IV Rank — 100.0%
  • 2023-03-20: Largest Expected Move — 24.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.74$2.41$3.33$3.25$2.69
Max Pain$3.70$3.50$5.00$5.00$3.50
ATM IV72.7%57.7%86.5%62.1%79.3%
Expected Move20.2%15.2%24.7%17.5%20.6%
HV 20d62.7%47.7%95.7%95.7%59.4%
HV 60d69.5%67.4%71.3%68.1%71.3%
IV Rank81.7%59.3%100.0%68.3%87.6%
IV Percentile94.7%78.2%100.0%88.5%98.0%
Term Structure1.7%-28.8%15.0%3.2%12.9%
VWIV69.9%54.0%84.3%58.7%70.8%
Skew 25d10.2%-4.5%21.3%4.7%12.0%
Skew 10d17.0%-26.2%67.4%10.9%20.1%
Call IV 25d69.6%56.4%85.2%60.8%68.6%
Put IV 25d79.7%63.6%96.1%65.5%80.6%
Bid-Ask Spread %9.512.0240.362.582.02
Gamma HHI0.270.130.550.420.13
Net GEX-229.5K-698.6K-3.8K-340.3K-47.7K
Net DEX31.6M20.3M45.1M31.5M20.3M
Net VEX-382.6K-399.3K-364.7K-380.5K-399.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.163.551.320.37
Total Volume20,633.2615,35162,08921,1598,186
Total OI670,584.478608,056774,782641,215621,673

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$3.25$5.0062.1%17.5%95.7%68.3%58.7%4.7%3.2%-340.3K31.5M-380.5K1.322.58N/AN/A9,13512,024339,210302,005
2023-03-02$3.25$5.0065.0%18.2%93.1%74.3%61.3%7.7%-0.9%-329.4K30.9M-381.2K0.402.59N/AN/A16,6966,641345,270304,249
2023-03-03$3.19$5.0061.2%15.2%90.9%66.3%54.0%5.5%0.5%-414.1K31.1M-377.6K1.173.86N/AN/A12,37914,433354,198306,919
2023-03-06$3.33$3.5057.7%16.1%93.0%59.3%55.8%8.5%-1.1%-249.2K24.7M-398.1K0.494.04N/AN/A34,09216,738348,841307,975
2023-03-07$3.13$3.5064.1%16.5%94.0%72.4%56.8%8.9%-4.2%-592.9K32.5M-383.0K0.163.75N/AN/A17,0272,735343,884321,243
2023-03-08$3.05$3.5061.0%16.5%93.9%66.0%55.2%7.0%-1.5%-687.8K34.1M-385.2K3.5511.00N/AN/A13,64548,444350,304324,326
2023-03-09$2.90$3.5063.2%16.9%47.7%70.5%59.9%1.1%-0.9%-698.6K39.1M-398.0K2.2710.82N/AN/A12,10227,519357,475361,443
2023-03-10$2.67$3.5065.2%20.6%51.7%74.6%71.1%-4.5%-28.8%-384.1K45.1M-385.5K0.905.30N/AN/A16,32614,724368,425383,115
2023-03-13$2.63$3.5080.2%22.2%51.4%100.0%76.5%9.9%-1.2%-325.1K42.3M-383.3K1.7140.36N/AN/A10,09417,286358,654382,135
2023-03-14$2.58$3.5076.9%22.1%48.6%93.5%77.0%13.0%0.6%-222.5K43.4M-385.8K0.5335.00N/AN/A5,7043,038363,878390,925
2023-03-15$2.59$3.5080.5%22.7%49.4%100.0%76.5%21.3%-1.1%-189.4K42.9M-383.3K2.7811.81N/AN/A4,54212,645365,203392,626
2023-03-16$2.50$3.5081.9%23.4%49.5%100.0%81.8%10.4%-0.2%-143.4K42.7M-378.2K0.8735.14N/AN/A13,54011,741366,123397,765
2023-03-17$2.42$3.5085.2%23.8%49.4%100.0%82.1%9.6%-3.5%-110.1K43.3M-368.5K0.4211.29N/AN/A10,1544,247372,820401,962
2023-03-20$2.49$3.5086.5%24.7%51.0%100.0%84.3%17.8%-2.8%-98.0K26.3M-378.6K0.394.55N/AN/A12,5994,949285,068330,291
2023-03-21$2.54$3.5073.7%21.0%50.5%77.8%74.0%16.4%5.3%-67.2K25.6M-380.2K0.694.42N/AN/A6,8044,692291,339332,245
2023-03-22$2.51$3.5074.1%21.2%50.0%78.4%72.8%11.3%4.9%-53.1K24.9M-378.1K0.514.39N/AN/A5,7652,941294,169333,527
2023-03-23$2.49$3.5074.2%21.0%50.1%78.6%74.0%11.9%4.9%-57.7K26.2M-376.6K0.994.29N/AN/A4,3234,272296,650333,657
2023-03-24$2.41$3.5075.4%21.1%50.4%80.8%79.0%15.9%4.7%-109.0K27.2M-364.7K0.424.78N/AN/A8,3683,490298,377334,945
2023-03-27$2.54$3.5077.2%21.5%54.8%84.0%72.8%15.3%11.2%-76.7K24.7M-378.3K1.094.21N/AN/A9,26410,063276,901331,155
2023-03-28$2.62$3.5077.3%20.6%56.5%84.0%72.0%12.7%10.3%-17.6K22.7M-387.9K0.314.75N/AN/A5,9411,842283,690330,166
2023-03-29$2.63$3.5076.6%21.3%55.2%82.9%71.2%8.6%12.7%-60.4K22.0M-386.3K0.464.10N/AN/A5,5192,545285,028332,963
2023-03-30$2.56$3.5074.4%19.3%55.3%79.0%70.0%8.8%15.0%-3.8K22.8M-382.6K0.353.70N/AN/A3,9751,376286,981333,645
2023-03-31$2.69$3.5079.3%20.6%59.4%87.6%70.8%12.0%12.9%-47.7K20.3M-399.3K0.372.02N/AN/A5,9682,218288,332333,341