LUMN Options History — March 2025

In March 2025, LUMN traded between $3.92 and $5.37. ATM implied volatility averaged 78.1%, placing in the 16.0% IV rank vs the trailing year. The 30-day expected move averaged 23.6%. IV traded above realized volatility by 8.3% (HV 20d: 69.7%). Max pain ranged from $4.50 to $5.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.47.

Notable Days

  • 2025-03-25: Highest Volume — 95,025 contracts
  • 2025-03-26: Largest IV spike — 33.9% change
  • 2025-03-12: Highest IV Rank — 35.6%
  • 2025-03-10: Largest Expected Move — 28.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.76$3.92$5.37$4.74$3.94
Max Pain$4.90$4.50$5.00$5.00$4.50
ATM IV78.1%57.8%110.3%79.3%100.4%
Expected Move23.6%17.8%28.9%22.1%24.3%
HV 20d69.7%58.8%75.2%58.8%72.4%
HV 60d64.1%62.1%66.4%62.4%66.4%
IV Rank16.0%3.6%35.6%16.8%29.6%
IV Percentile35.3%2.4%91.7%40.1%84.5%
Term Structure-0.3%-77.4%57.9%-11.2%-77.4%
VWIV83.6%55.0%102.9%83.9%85.5%
Skew 25d3.2%-32.8%43.2%-29.8%19.0%
Skew 10d11.2%-22.4%47.2%47.2%-11.1%
Call IV 25d76.9%46.8%103.1%79.4%83.1%
Put IV 25d80.1%49.6%102.0%49.6%102.0%
Bid-Ask Spread %31.924.5894.0436.2433.22
Gamma HHI0.150.110.260.110.13
Net GEX393.2K153.9K648.1K153.9K205.1K
Net DEX-28.6M-44.1M-10.3M-21.0M-12.0M
Net VEX-411.5K-452.2K-354.3K-421.6K-358.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.091.861.860.60
Total Volume18,163.7142,81795,02528,6315,099
Total OI561,282.667497,410597,883560,542536,216

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$4.74$5.0079.3%22.1%58.8%16.8%83.9%-29.8%-11.2%153.9K-21.0M-421.6K1.8636.24N/AN/A10,02818,603280,974279,568
2025-03-04$4.92$5.0077.1%23.6%60.2%15.4%83.0%4.0%0.6%296.1K-27.3M-416.9K0.9431.73N/AN/A7,0316,594286,464269,381
2025-03-05$5.15$5.0080.0%24.0%61.8%17.2%83.6%4.3%-1.1%438.0K-35.0M-438.2K0.1538.16N/AN/A14,4182,221288,149268,721
2025-03-06$5.01$5.0079.7%24.1%62.3%17.0%87.4%3.2%1.5%435.7K-33.7M-438.9K0.1344.99N/AN/A10,3191,328292,150269,723
2025-03-07$5.37$5.0073.0%22.7%66.8%12.9%84.5%4.6%11.5%501.8K-44.1M-452.2K0.1133.90N/AN/A24,0222,669295,468270,440
2025-03-10$4.95$5.0084.1%28.9%73.4%19.6%102.9%43.2%8.6%347.2K-31.4M-431.1K0.3121.31N/AN/A9,4452,888296,577265,836
2025-03-11$4.91$5.0084.0%25.7%73.4%19.6%93.3%3.5%-4.1%322.0K-28.8M-427.5K0.5233.65N/AN/A3,1371,637296,532267,299
2025-03-12$4.95$5.00110.3%24.8%72.1%35.6%86.5%6.5%7.1%327.9K-29.5M-416.5K0.0931.33N/AN/A31,9912,998296,794268,402
2025-03-13$4.67$5.0084.9%25.2%73.7%20.1%86.8%4.7%-1.6%355.5K-26.2M-411.2K0.1817.73N/AN/A9,9161,821322,602269,492
2025-03-14$4.89$5.0080.6%21.9%75.1%17.6%76.4%3.9%1.1%472.8K-33.9M-428.4K0.194.58N/AN/A7,9161,493324,380268,689
2025-03-17$5.09$5.0073.0%22.1%75.2%12.9%79.3%4.4%-2.3%635.6K-43.1M-444.3K0.1640.73N/AN/A7,1041,146319,961265,461
2025-03-18$4.91$5.0071.0%22.6%71.2%11.6%82.0%6.2%-10.0%578.7K-33.9M-417.1K0.8318.11N/AN/A3,5632,969321,935265,917
2025-03-19$5.01$5.0072.0%23.0%71.3%12.3%81.2%6.2%-18.0%641.9K-37.0M-431.4K0.1920.59N/AN/A5,6241,080322,767267,527
2025-03-20$4.94$0.0068.8%17.8%69.9%10.4%55.0%6.2%-3.7%648.1K-39.0M-432.7K0.2394.04N/AN/A2,285532325,996271,636
2025-03-21$4.94$5.0067.1%23.3%69.9%9.3%80.4%3.1%-0.8%488.7K-33.8M-415.7K0.4719.72N/AN/A4,8862,285325,893271,990
2025-03-24$4.88$5.0064.1%21.4%64.0%7.4%77.0%4.8%4.4%514.2K-30.2M-400.2K0.1647.09N/AN/A6,4371,058254,401243,009
2025-03-25$4.42$5.0057.8%25.4%73.7%3.6%88.3%-32.8%57.9%289.8K-19.9M-364.2K0.2551.57N/AN/A76,27218,753257,448243,344
2025-03-26$4.16$4.5077.4%24.1%73.8%15.6%87.3%1.9%13.6%157.9K-14.8M-371.5K0.4825.92N/AN/A26,32612,650275,731253,010
2025-03-27$4.13$4.5076.1%23.7%72.5%14.8%88.9%1.6%7.5%233.4K-15.4M-369.6K0.688.43N/AN/A6,5844,502290,484251,838
2025-03-28$3.92$4.5078.3%23.9%72.9%16.2%82.2%-0.4%9.8%213.7K-10.3M-354.3K1.2517.34N/AN/A9,70212,106292,436252,295
2025-03-31$3.94$4.50100.4%24.3%72.4%29.6%85.5%19.0%-77.4%205.1K-12.0M-358.2K0.6033.22N/AN/A3,1891,910285,143251,073