LUMN Options History — July 2025

In July 2025, LUMN traded between $4.30 and $4.59. ATM implied volatility averaged 72.8%, placing in the 16.7% IV rank vs the trailing year. The 30-day expected move averaged 21.4%. IV traded above realized volatility by 32.5% (HV 20d: 40.2%). Max pain ranged from $4.00 to $4.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.22.

Notable Days

2025-07-31: Highest Volume — 42,107 contracts
2025-07-02: Largest IV spike — 167.9% change
2025-07-02: Highest IV Rank — 55.4%
2025-07-31: Largest Expected Move — 28.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$4.47	$4.30	$4.59	$4.50	$4.46
Max Pain	$4.30	$4.00	$4.50	$4.00	$4.50
ATM IV	72.8%	52.0%	139.2%	52.0%	77.8%
Expected Move	21.4%	16.4%	28.1%	16.7%	28.1%
HV 20d	40.2%	30.0%	54.9%	54.9%	30.1%
HV 60d	56.0%	46.0%	67.8%	67.8%	46.0%
IV Rank	16.7%	4.6%	55.4%	4.6%	19.7%
IV Percentile	26.6%	1.6%	96.4%	1.6%	44.8%
Term Structure	-2.4%	-16.5%	10.9%	10.8%	-11.3%
VWIV	75.6%	56.8%	98.2%	65.1%	98.2%
Skew 25d	3.1%	-28.2%	30.2%	-28.2%	1.1%
Skew 10d	-7.5%	-88.9%	50.9%	-16.9%	27.2%
Call IV 25d	68.6%	44.3%	79.9%	70.7%	79.9%
Put IV 25d	71.8%	42.4%	81.0%	42.4%	81.0%
Bid-Ask Spread %	33.89	7.19	51.76	22.20	47.66
Gamma HHI	0.17	0.14	0.22	0.18	0.16
Net GEX	537.6K	378.6K	692.0K	601.8K	598.9K
Net DEX	-30.8M	-34.9M	-24.6M	-31.8M	-34.9M
Net VEX	-347.4K	-366.6K	-330.8K	-366.6K	-351.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.22	0.05	1.20	1.20	0.10
Total Volume	10,308.182	2,326	42,107	10,981	42,107
Total OI	498,519.682	470,631	516,764	499,626	516,764

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-07-01	$4.50	$4.00	52.0%	16.7%	54.9%	4.6%	65.1%	-28.2%	10.8%	601.8K	-31.8M	-366.6K	1.20	22.20	N/A	N/A	4,993	5,988	257,281	242,345
2025-07-02	$4.47	$4.00	139.2%	16.4%	51.1%	55.4%	56.8%	-0.1%	-12.4%	692.0K	-32.2M	-351.4K	0.06	16.70	N/A	N/A	7,766	486	259,894	241,323
2025-07-03	$4.59	$4.00	56.8%	21.1%	48.4%	7.4%	74.5%	23.1%	-4.8%	686.5K	-33.4M	-352.2K	0.15	45.16	N/A	N/A	5,027	768	259,277	240,842
2025-07-07	$4.44	$4.00	58.8%	21.9%	50.6%	8.6%	77.3%	17.8%	-1.0%	474.7K	-29.3M	-354.1K	0.16	27.92	N/A	N/A	8,049	1,310	253,721	240,170
2025-07-08	$4.49	$4.00	75.9%	21.4%	50.6%	18.5%	75.7%	-0.6%	-1.2%	527.5K	-30.8M	-346.5K	0.19	45.27	N/A	N/A	5,327	991	258,364	241,311
2025-07-09	$4.54	$4.00	58.0%	20.0%	44.5%	8.1%	73.6%	30.2%	-10.0%	583.1K	-33.0M	-349.6K	0.25	39.06	N/A	N/A	1,866	460	262,692	241,821
2025-07-10	$4.55	$4.50	74.5%	21.2%	43.6%	17.7%	74.9%	2.1%	-0.6%	603.4K	-33.8M	-352.3K	0.30	30.20	N/A	N/A	1,803	545	262,613	242,088
2025-07-11	$4.50	$4.50	69.4%	21.2%	41.0%	14.7%	73.3%	28.1%	7.1%	517.8K	-29.6M	-338.4K	0.22	27.65	N/A	N/A	3,688	806	263,182	242,469
2025-07-14	$4.56	$4.50	73.9%	21.1%	40.9%	17.3%	72.3%	4.0%	-2.8%	593.9K	-32.6M	-341.1K	0.13	30.75	N/A	N/A	5,976	786	260,017	241,407
2025-07-15	$4.55	$4.00	70.2%	19.8%	39.3%	15.2%	73.0%	-8.3%	3.8%	609.1K	-33.5M	-352.6K	0.16	20.79	N/A	N/A	6,382	1,022	261,651	241,926
2025-07-16	$4.50	$4.50	72.5%	20.8%	39.8%	16.5%	72.7%	-1.0%	10.9%	550.9K	-31.0M	-342.4K	0.09	29.36	N/A	N/A	10,947	1,034	264,012	242,638
2025-07-17	$4.42	$4.00	73.7%	21.3%	40.3%	17.2%	74.7%	-4.5%	-3.0%	511.1K	-28.4M	-333.8K	0.34	7.19	N/A	N/A	6,624	2,278	268,233	243,283
2025-07-18	$4.38	$4.00	71.3%	20.6%	40.3%	15.8%	72.6%	-0.8%	-2.0%	396.3K	-27.6M	-340.3K	0.25	36.44	N/A	N/A	5,223	1,289	271,731	243,769
2025-07-21	$4.30	$4.50	73.0%	21.4%	40.6%	16.9%	75.4%	-0.4%	-16.5%	378.6K	-24.6M	-330.8K	0.10	46.48	N/A	N/A	9,125	948	236,587	234,044
2025-07-22	$4.44	$4.50	72.4%	21.1%	33.2%	16.5%	74.6%	3.7%	-0.1%	449.8K	-28.4M	-341.1K	0.09	46.17	N/A	N/A	7,102	619	242,075	234,854
2025-07-23	$4.54	$4.50	70.7%	20.9%	33.3%	15.5%	72.3%	6.4%	3.3%	531.7K	-32.2M	-355.0K	0.05	51.76	N/A	N/A	9,945	458	246,195	235,232
2025-07-24	$4.42	$4.50	71.2%	21.1%	34.8%	15.8%	73.4%	5.9%	-2.3%	486.6K	-28.3M	-342.6K	0.29	41.33	N/A	N/A	4,526	1,309	251,128	235,548
2025-07-25	$4.36	$4.50	71.6%	22.1%	35.2%	16.0%	78.1%	-1.2%	-1.9%	434.0K	-28.1M	-357.0K	0.24	34.62	N/A	N/A	6,977	1,702	253,888	236,442
2025-07-28	$4.47	$4.50	71.9%	23.4%	32.4%	16.2%	82.1%	-0.5%	-2.7%	490.7K	-29.9M	-347.0K	0.05	31.96	N/A	N/A	23,527	1,114	254,498	237,399
2025-07-29	$4.51	$4.50	72.2%	24.4%	30.7%	16.4%	84.9%	-10.0%	-10.0%	568.2K	-32.6M	-347.3K	0.12	18.53	N/A	N/A	6,073	709	262,996	238,061
2025-07-30	$4.42	$4.50	74.5%	24.9%	30.0%	17.7%	87.3%	2.0%	-6.9%	541.1K	-30.5M	-349.5K	0.23	48.42	N/A	N/A	15,519	3,586	265,631	238,031
2025-07-31	$4.46	$4.50	77.8%	28.1%	30.1%	19.7%	98.2%	1.1%	-11.3%	598.9K	-34.9M	-351.1K	0.10	47.66	N/A	N/A	38,411	3,696	277,653	239,111