LUMN Options History — August 2025

In August 2025, LUMN traded between $3.65 and $5.29. ATM implied volatility averaged 56.0%, placing in the 9.4% IV rank vs the trailing year. The 30-day expected move averaged 16.9%. IV traded below realized volatility by 27.8% (HV 20d: 83.8%). 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 10 of 21 days. Put/call ratio averaged 0.15.

Notable Days

  • 2025-08-27: Highest Volume — 62,681 contracts
  • 2025-08-07: Largest IV spike — 23.3% change
  • 2025-08-26: Highest IV Rank — 22.2%
  • 2025-08-07: Largest Expected Move — 20.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.30$3.65$5.29$3.65$4.96
Max Pain$4.00$4.00$4.00$4.00$4.00
ATM IV56.0%45.3%69.2%64.1%56.8%
Expected Move16.9%15.1%20.7%19.5%16.2%
HV 20d83.8%69.5%103.2%76.1%69.5%
HV 60d63.1%60.9%67.9%61.7%67.1%
IV Rank9.4%0.9%22.2%11.6%11.2%
IV Percentile7.3%0.4%24.6%10.3%8.3%
Term Structure-1.5%-19.7%14.3%-6.2%1.5%
VWIV58.8%53.9%75.4%75.4%57.9%
Skew 25d-5.1%-27.8%11.3%1.1%-27.8%
Skew 10d1.6%-17.1%53.7%53.7%-11.2%
Call IV 25d56.3%41.4%67.1%67.1%58.6%
Put IV 25d51.2%30.8%68.2%68.2%30.8%
Bid-Ask Spread %27.628.0058.9151.5131.06
Gamma HHI0.160.120.260.120.26
Net GEX578.1K169.5K1.3M169.5K1.3M
Net DEX-29.0M-65.0M-7.0M-7.0M-52.1M
Net VEX-343.5K-407.8K-298.2K-298.2K-404.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.150.030.410.190.20
Total Volume16,137.2862,96562,68154,82811,156
Total OI531,677.333510,079564,965531,004564,965

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$3.65$4.0064.1%19.5%76.1%11.6%75.4%1.1%-6.2%169.5K-7.0M-298.2K0.1951.51N/AN/A46,2148,614290,110240,894
2025-08-04$3.71$4.0053.9%18.1%76.3%5.7%64.5%-26.1%2.5%281.3K-10.7M-307.5K0.0619.22N/AN/A14,663853290,844242,484
2025-08-05$3.76$4.0050.5%17.9%76.3%3.7%62.3%11.3%-1.4%334.5K-13.2M-321.5K0.2820.16N/AN/A4,3651,201293,133242,591
2025-08-06$3.74$4.0050.1%17.6%76.0%3.5%61.6%-21.6%-2.7%286.8K-11.5M-307.2K0.138.00N/AN/A3,065390290,353242,356
2025-08-07$3.71$4.0061.8%20.7%75.9%10.3%61.8%-8.8%-0.6%280.1K-10.4M-302.6K0.0913.03N/AN/A11,157957290,815242,452
2025-08-08$3.75$4.0051.5%17.6%76.2%4.3%61.1%-21.0%-1.5%289.7K-11.4M-302.9K0.118.66N/AN/A5,526605293,075242,109
2025-08-11$3.75$4.0055.3%16.8%75.9%7.7%59.0%-4.2%-14.6%300.8K-12.6M-306.4K0.388.68N/AN/A2,584984289,698239,395
2025-08-12$3.96$4.0045.3%15.8%79.2%0.9%54.8%-18.2%-1.1%498.9K-17.6M-313.1K0.1810.31N/AN/A7,6591,388290,705240,076
2025-08-13$4.29$4.0053.3%17.1%85.0%8.1%56.0%-5.1%3.4%572.8K-29.2M-340.4K0.0514.92N/AN/A17,719934291,772239,922
2025-08-14$4.30$4.0055.2%15.1%84.8%9.8%53.9%1.5%-4.5%555.3K-28.7M-338.9K0.1249.03N/AN/A4,760559291,495240,045
2025-08-15$4.45$4.0055.3%16.0%85.7%9.9%55.4%0.4%0.6%484.7K-33.0M-347.6K0.0829.64N/AN/A14,8461,260293,842240,333
2025-08-18$4.67$4.0057.7%16.7%86.9%12.0%55.2%6.9%5.6%640.0K-37.9M-359.3K0.1258.91N/AN/A18,8982,298272,232237,847
2025-08-19$4.63$4.0055.1%15.7%86.4%9.7%56.7%3.9%6.8%688.1K-37.7M-363.8K0.1941.57N/AN/A5,312991280,730238,551
2025-08-20$4.46$4.0056.5%16.2%87.1%11.0%56.4%1.9%2.6%590.5K-32.0M-358.2K0.0731.68N/AN/A9,604713283,188239,071
2025-08-21$4.30$4.0059.9%16.7%87.6%14.0%58.1%0.5%14.3%547.5K-28.3M-352.2K0.4133.20N/AN/A2,103862290,308239,367
2025-08-22$4.58$4.0048.3%15.6%90.4%3.7%54.2%3.5%-19.7%628.7K-37.0M-353.3K0.2031.14N/AN/A6,6301,324290,837239,747
2025-08-25$4.67$4.0058.0%15.7%90.2%12.3%54.7%2.4%-15.4%723.7K-39.2M-370.2K0.0625.15N/AN/A11,505676283,617239,221
2025-08-26$4.63$4.0069.2%15.7%90.2%22.2%54.0%4.3%-2.4%746.3K-37.3M-354.6K0.0316.25N/AN/A4,895164288,159239,499
2025-08-27$5.29$4.0059.1%16.9%101.2%13.2%60.7%-10.6%0.0%1.1M-65.0M-402.7K0.0727.89N/AN/A58,5594,122291,589239,588
2025-08-28$5.04$4.0058.4%16.5%103.2%12.6%60.0%-1.8%0.5%1.2M-58.0M-407.8K0.1849.98N/AN/A41,3747,394306,592241,617
2025-08-29$4.96$4.0056.8%16.2%69.5%11.2%57.9%-27.8%1.5%1.3M-52.1M-404.5K0.2031.06N/AN/A9,2801,876319,561245,404