LUMN Options History — September 2023

In September 2023, LUMN traded between $1.31 and $1.63. ATM implied volatility averaged 89.0%, placing in the 69.1% IV rank vs the trailing year. The 30-day expected move averaged 25.9%. IV traded above realized volatility by 33.8% (HV 20d: 55.2%). Max pain ranged from $2.00 to $2.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 1.36.

Notable Days

  • 2023-09-20: Highest Volume — 30,814 contracts
  • 2023-09-29: Largest IV drop — 10.5% change
  • 2023-09-20: Highest IV Rank — 78.0%
  • 2023-09-27: Largest Expected Move — 27.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.47$1.31$1.63$1.58$1.44
Max Pain$2.00$2.00$2.00$2.00$2.00
ATM IV89.0%79.5%95.5%85.2%79.5%
Expected Move25.9%23.7%27.8%23.8%23.7%
HV 20d55.2%46.3%67.6%56.7%66.1%
HV 60d80.2%75.3%87.1%86.6%77.8%
IV Rank69.1%51.4%78.0%66.6%51.4%
IV Percentile75.8%57.1%88.1%73.4%57.1%
Term Structure0.3%-16.5%9.4%2.5%-16.5%
VWIV92.0%81.2%101.8%83.2%81.2%
Skew 25d16.8%-10.6%42.2%14.2%15.1%
Skew 10d31.9%-13.6%66.4%43.9%25.2%
Call IV 25d88.9%68.6%96.9%84.3%86.7%
Put IV 25d105.7%80.2%112.9%98.4%101.8%
Bid-Ask Spread %5.123.129.647.139.64
Gamma HHI0.260.210.330.210.33
Net GEX-238.2K-274.8K-195.8K-228.4K-274.8K
Net DEX26.3M24.0M27.8M24.9M26.8M
Net VEX-284.2K-317.5K-250.4K-317.5K-270.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.360.196.220.760.52
Total Volume11,811.22,96330,8144,4255,012
Total OI778,229.2760,236796,774796,774771,024

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$1.58$2.0085.2%23.8%56.7%66.6%83.2%14.2%2.5%-228.4K24.9M-317.5K0.767.13N/AN/A2,5141,911229,674567,100
2023-09-05$1.50$2.0092.2%25.7%56.1%75.4%95.7%20.5%2.1%-233.4K25.8M-294.9K0.194.36N/AN/A19,4193,652222,214551,227
2023-09-06$1.48$2.0088.2%24.8%55.2%70.3%87.8%17.8%9.4%-224.5K25.6M-292.9K1.724.37N/AN/A3,6926,348234,834551,698
2023-09-07$1.44$2.0087.2%24.9%53.4%69.1%101.6%19.3%0.8%-230.5K25.6M-287.2K1.394.72N/AN/A2,5253,514235,522555,581
2023-09-08$1.44$2.0092.0%25.8%47.7%75.2%90.3%-10.6%6.2%-229.3K27.5M-287.3K0.563.95N/AN/A7,8354,426236,797556,624
2023-09-11$1.38$2.0090.1%25.5%48.6%72.8%97.7%42.2%-1.9%-219.3K27.0M-270.0K1.986.27N/AN/A3,3796,701236,109553,375
2023-09-12$1.42$2.0088.0%25.7%50.9%70.1%101.8%20.1%1.2%-218.5K27.1M-275.6K0.404.28N/AN/A3,8031,538237,921548,591
2023-09-13$1.40$2.0084.8%25.2%46.3%65.7%86.9%18.6%2.5%-240.3K27.7M-275.5K0.495.93N/AN/A2,2001,084240,276548,968
2023-09-14$1.46$2.0089.2%26.4%48.5%69.4%92.2%15.7%3.7%-195.8K27.0M-278.4K0.805.33N/AN/A6,3665,097241,164547,457
2023-09-15$1.52$2.0088.8%25.7%51.4%68.9%91.4%13.4%1.8%-239.8K25.9M-292.0K0.245.23N/AN/A11,5432,825242,904546,336
2023-09-18$1.52$2.0086.9%25.0%51.4%66.3%87.3%16.1%-2.7%-245.2K25.9M-292.5K1.933.12N/AN/A5,1529,968223,067537,169
2023-09-19$1.63$2.0093.3%26.8%55.5%75.0%93.0%27.3%-3.2%-244.0K24.5M-308.3K1.453.98N/AN/A5,6738,201226,331541,950
2023-09-20$1.63$2.0095.5%27.4%51.3%78.0%92.4%25.5%-8.1%-242.2K24.0M-313.1K6.225.73N/AN/A4,26926,545228,911539,915
2023-09-21$1.56$2.0091.6%26.3%53.9%71.5%91.6%25.3%-0.3%-252.6K25.1M-294.5K2.014.77N/AN/A2,0994,210230,911540,126
2023-09-22$1.52$2.0088.8%25.7%53.9%67.6%86.3%15.0%-1.1%-261.5K25.8M-289.7K1.333.94N/AN/A6,3848,474230,988538,916
2023-09-25$1.40$2.0092.3%27.6%60.4%72.5%96.1%16.0%5.9%-247.1K27.1M-267.2K0.274.15N/AN/A7,3851,981231,096533,665
2023-09-26$1.31$2.0089.2%27.3%61.9%65.9%94.5%9.7%4.0%-229.9K27.5M-250.4K0.714.20N/AN/A6,3124,465233,952534,338
2023-09-27$1.40$2.0088.1%27.8%67.3%64.3%97.9%8.4%-2.7%-251.1K26.8M-257.7K3.656.68N/AN/A5,76020,999234,723532,616
2023-09-28$1.42$2.0088.9%26.2%67.6%65.5%91.2%7.0%2.2%-256.0K27.8M-268.7K0.604.59N/AN/A1,8551,108237,805532,709
2023-09-29$1.44$2.0079.5%23.7%66.1%51.4%81.2%15.1%-16.5%-274.8K26.8M-270.2K0.529.64N/AN/A3,2921,720238,048532,976