LUMN Options History — May 2023

In May 2023, LUMN traded between $1.90 and $2.65. ATM implied volatility averaged 81.4%, placing in the 67.5% IV rank vs the trailing year. The 30-day expected move averaged 24.3%. IV traded above realized volatility by 6.1% (HV 20d: 75.3%). Max pain ranged from $2.00 to $2.50. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.55.

Notable Days

  • 2023-05-15: Highest Volume — 64,556 contracts
  • 2023-05-05: Largest IV drop — 13.2% change
  • 2023-05-02: Highest IV Rank — 83.0%
  • 2023-05-02: Largest Expected Move — 32.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.26$1.90$2.65$2.41$1.98
Max Pain$2.41$2.00$2.50$2.00$2.00
ATM IV81.4%73.5%93.5%88.5%82.7%
Expected Move24.3%20.2%32.5%30.0%25.4%
HV 20d75.3%67.1%82.7%69.9%73.6%
HV 60d65.4%60.4%75.2%75.0%66.1%
IV Rank67.5%57.3%83.0%76.7%69.1%
IV Percentile88.7%82.1%96.4%93.7%88.9%
Term Structure-2.2%-9.1%2.5%-1.5%-6.0%
VWIV86.3%74.7%122.0%116.8%88.7%
Skew 25d14.3%7.6%27.0%16.0%14.2%
Skew 10d42.4%11.4%165.0%33.0%31.1%
Call IV 25d78.8%71.9%89.5%83.9%79.9%
Put IV 25d93.0%85.2%112.8%99.9%94.1%
Bid-Ask Spread %6.013.2215.653.225.24
Gamma HHI0.220.130.520.130.18
Net GEX-31.4K-186.5K363.4K-87.4K-60.5K
Net DEX19.5M5.5M24.7M19.9M22.0M
Net VEX-359.2K-420.8K-299.7K-385.4K-303.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.061.331.190.10
Total Volume12,449.2274,07964,55614,8365,282
Total OI656,045.955623,029700,257623,029635,314

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$2.41$2.0088.5%30.0%69.9%76.7%116.8%16.0%-1.5%-87.4K19.9M-385.4K1.193.22N/AN/A6,7748,062260,000363,029
2023-05-02$2.33$2.0093.5%32.5%68.8%83.0%122.0%17.2%-1.0%-107.5K21.0M-379.9K1.3315.65N/AN/A13,32617,763263,121369,512
2023-05-03$2.25$2.0088.7%30.1%67.1%76.9%90.1%12.5%0.3%-147.8K22.0M-375.2K0.533.55N/AN/A10,8655,709269,159381,199
2023-05-04$2.10$2.5087.0%24.4%70.8%74.6%86.7%27.0%0.3%-186.5K24.7M-341.5K0.455.60N/AN/A8,6853,917271,530381,615
2023-05-05$2.26$2.5075.5%21.5%76.4%59.9%91.4%18.8%2.5%-138.7K22.5M-366.7K0.275.81N/AN/A4,9411,333276,561379,977
2023-05-08$2.29$2.5080.3%22.6%76.6%66.0%83.4%18.5%-1.9%-129.3K21.3M-364.3K0.757.23N/AN/A5,5914,197270,054374,443
2023-05-09$2.38$2.5078.2%20.2%76.2%63.3%82.2%16.2%-9.1%-91.2K19.3M-379.4K0.255.55N/AN/A5,2541,332272,669377,097
2023-05-10$2.34$2.5074.8%21.8%75.8%58.9%75.7%12.8%1.2%-106.4K20.3M-371.2K0.136.88N/AN/A7,8571,052275,076377,317
2023-05-11$2.33$2.5078.0%22.4%73.4%63.1%78.7%8.6%0.1%-129.1K20.3M-367.1K0.716.12N/AN/A3,2602,303269,661372,777
2023-05-12$2.38$2.5073.5%20.8%73.1%57.3%75.9%14.2%-1.0%-119.1K20.1M-374.6K1.045.97N/AN/A3,3333,482270,420371,850
2023-05-15$2.49$2.5076.5%22.0%74.6%61.1%77.0%7.6%-1.1%-54.5K17.6M-382.3K0.085.37N/AN/A59,9584,598266,219369,143
2023-05-16$2.50$2.5081.5%23.5%73.7%67.6%81.1%16.6%-7.5%285.3K10.4M-396.9K0.835.00N/AN/A7,8236,470319,797372,248
2023-05-17$2.65$2.5081.8%23.5%75.8%68.0%77.9%16.8%-7.0%241.9K5.5M-420.8K0.255.22N/AN/A5,4031,354321,024377,523
2023-05-18$2.50$2.5080.2%23.3%79.2%65.9%81.1%9.5%-6.2%363.4K10.4M-394.5K0.705.29N/AN/A4,9963,500321,834377,242
2023-05-19$2.37$2.5074.4%21.2%81.6%58.4%74.7%12.0%2.0%185.0K15.9M-381.0K0.996.03N/AN/A3,6043,576323,061377,196
2023-05-22$2.17$2.5083.3%25.0%82.7%69.8%83.0%8.5%-1.1%-7.2K21.1M-346.7K0.276.03N/AN/A6,4291,724300,783355,380
2023-05-23$2.13$2.5081.8%23.7%82.7%67.9%81.1%11.5%-1.2%-36.8K22.0M-337.9K0.364.67N/AN/A3,0001,079303,796355,662
2023-05-24$1.98$2.5083.8%25.2%78.0%70.6%88.1%12.2%-3.4%-91.7K23.5M-313.6K0.585.55N/AN/A5,1292,982305,500354,817
2023-05-25$1.90$2.5081.5%24.0%77.8%67.6%83.0%15.4%-1.6%-117.1K24.1M-299.7K1.038.44N/AN/A5,2785,422308,245352,205
2023-05-26$1.96$2.5081.1%24.9%74.4%67.1%87.4%15.0%-0.5%-90.3K22.8M-308.2K0.185.50N/AN/A5,028925310,765348,709
2023-05-30$2.00$2.5084.6%26.3%74.1%71.5%91.6%12.5%-4.5%-66.0K21.4M-312.3K0.064.21N/AN/A10,678609282,758346,723
2023-05-31$1.98$2.0082.7%25.4%73.6%69.1%88.7%14.2%-6.0%-60.5K22.0M-303.6K0.105.24N/AN/A4,806476288,418346,896