LUMN Options History — May 2025

In May 2025, LUMN traded between $3.58 and $4.38. ATM implied volatility averaged 71.4%, placing in the 11.9% IV rank vs the trailing year. The 30-day expected move averaged 20.9%. IV traded above realized volatility by 2.0% (HV 20d: 69.4%). Max pain ranged from $4.00 to $4.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.35.

Notable Days

  • 2025-05-22: Highest Volume — 42,905 contracts
  • 2025-05-02: Largest IV drop — 48.6% change
  • 2025-05-01: Highest IV Rank — 64.2%
  • 2025-05-01: Largest Expected Move — 31.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.06$3.58$4.38$3.58$3.95
Max Pain$4.00$4.00$4.00$4.00$4.00
ATM IV71.4%55.3%157.1%157.1%58.6%
Expected Move20.9%18.3%31.5%31.5%18.3%
HV 20d69.4%56.8%95.6%95.6%66.1%
HV 60d78.8%76.2%80.8%76.2%77.6%
IV Rank11.9%2.1%64.2%64.2%4.0%
IV Percentile16.8%1.6%96.0%96.0%3.2%
Term Structure-2.3%-44.5%31.7%-44.5%-9.1%
VWIV74.5%64.3%116.1%116.1%64.3%
Skew 25d-6.5%-29.5%11.7%-27.7%-21.4%
Skew 10d-3.7%-38.9%47.4%47.4%0.2%
Call IV 25d70.0%41.4%101.0%101.0%60.2%
Put IV 25d63.5%37.7%77.6%73.3%38.7%
Bid-Ask Spread %24.486.9554.2754.2713.09
Gamma HHI0.130.110.180.130.13
Net GEX366.6K151.1K600.3K241.1K190.2K
Net DEX-23.1M-35.9M-10.3M-12.2M-15.5M
Net VEX-352.1K-375.5K-316.5K-316.5K-347.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.350.021.900.230.11
Total Volume15,138.1434,07042,90517,1918,196
Total OI521,475.857486,102556,507486,102556,507

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$3.58$4.00157.1%31.5%95.6%64.2%116.1%-27.7%-44.5%241.1K-12.2M-316.5K0.2354.27N/AN/A13,9673,224256,342229,760
2025-05-02$3.76$4.0080.8%25.6%83.3%17.6%90.2%-5.3%2.8%366.9K-18.6M-338.5K0.0747.83N/AN/A36,1992,403270,188231,136
2025-05-05$4.22$4.0072.7%22.1%88.7%12.7%80.6%-25.4%8.5%600.3K-32.8M-373.0K0.0717.86N/AN/A25,8491,774275,523229,074
2025-05-06$4.26$4.0060.7%22.0%88.6%5.4%76.6%-7.2%1.7%513.8K-31.9M-375.5K0.1119.42N/AN/A10,6301,142271,114230,074
2025-05-07$4.25$4.0070.8%22.8%85.3%11.5%79.7%11.7%-26.9%531.0K-31.1M-362.8K0.5722.96N/AN/A9,8195,638272,635230,581
2025-05-08$4.17$4.0067.9%22.7%68.2%9.8%80.3%0.5%2.4%476.3K-27.7M-360.5K0.316.95N/AN/A5,3441,641276,165235,888
2025-05-09$4.38$4.0074.7%21.6%64.7%13.9%76.3%9.9%0.3%453.3K-33.5M-374.9K0.0824.70N/AN/A7,235614277,132236,301
2025-05-12$4.38$4.0065.2%19.7%64.7%8.1%70.2%-2.9%9.4%500.0K-31.9M-369.0K0.0230.74N/AN/A32,447737270,921235,320
2025-05-13$4.38$4.0074.1%20.0%64.6%13.5%70.0%0.0%-0.9%590.8K-35.9M-372.6K0.1826.00N/AN/A4,230767289,537235,611
2025-05-14$4.29$4.0066.9%18.9%64.2%9.2%68.8%-16.2%-2.0%458.4K-28.3M-352.1K0.0321.91N/AN/A17,114534276,403236,113
2025-05-15$4.21$4.0055.3%19.4%61.8%2.1%68.4%6.9%31.7%478.6K-28.9M-365.7K0.3920.21N/AN/A2,9191,151291,079236,077
2025-05-16$4.12$4.0064.8%18.3%63.0%7.9%64.7%-14.5%-2.0%357.5K-27.1M-348.1K1.0620.92N/AN/A6,2006,587292,178235,819
2025-05-19$3.96$4.0066.3%18.8%58.6%8.8%67.0%-3.0%12.6%279.7K-18.9M-351.0K0.6926.08N/AN/A3,9632,716277,239233,928
2025-05-20$4.00$4.0066.2%19.0%56.8%8.8%67.9%2.4%2.6%284.8K-20.3M-338.8K1.9026.32N/AN/A5,32010,134278,507235,865
2025-05-21$3.81$4.0067.8%19.4%60.6%9.7%70.3%-1.1%1.0%200.7K-14.2M-341.1K0.1921.11N/AN/A3,725711280,505244,245
2025-05-22$3.90$4.0070.1%20.3%60.6%11.1%70.2%-1.4%-12.1%234.9K-16.8M-348.3K0.6833.56N/AN/A25,53917,366282,087244,595
2025-05-23$3.71$4.0067.2%20.0%63.9%9.4%76.5%-2.1%-17.6%151.1K-10.3M-326.1K0.3021.05N/AN/A5,4201,634290,293261,130
2025-05-27$4.01$4.0066.7%19.1%65.8%9.0%67.4%11.6%20.3%271.7K-19.4M-344.2K0.1430.02N/AN/A11,5101,593285,324259,892
2025-05-28$3.96$4.0063.2%19.4%66.0%6.8%70.8%-29.5%2.0%262.2K-16.3M-352.7K0.2716.78N/AN/A4,0221,078288,653260,326
2025-05-29$3.91$4.0062.3%19.3%66.2%6.2%69.1%-22.4%-28.7%255.7K-14.4M-335.1K0.0412.34N/AN/A16,192617290,263260,663
2025-05-30$3.95$4.0058.6%18.3%66.1%4.0%64.3%-21.4%-9.1%190.2K-15.5M-347.3K0.1113.09N/AN/A7,412784296,079260,428