LUMN Options History — September 2025

In September 2025, LUMN traded between $4.75 and $6.25. ATM implied volatility averaged 72.4%, placing in the 25.0% IV rank vs the trailing year. The 30-day expected move averaged 20.3%. IV traded below realized volatility by 9.4% (HV 20d: 81.8%). Max pain ranged from $4.00 to $4.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 0.21.

Notable Days

  • 2025-09-10: Highest Volume — 64,444 contracts
  • 2025-09-11: Largest IV spike — 16.7% change
  • 2025-09-30: Highest IV Rank — 34.7%
  • 2025-09-22: Largest Expected Move — 22.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.64$4.75$6.25$4.78$6.13
Max Pain$4.33$4.00$4.50$4.00$4.50
ATM IV72.4%58.1%83.4%59.4%83.4%
Expected Move20.3%15.3%22.6%17.6%20.4%
HV 20d81.8%71.9%92.3%71.9%76.7%
HV 60d72.2%66.9%75.8%67.6%75.5%
IV Rank25.0%12.4%34.7%13.5%34.7%
IV Percentile42.9%11.9%72.2%14.3%72.2%
Term Structure3.7%-1.4%22.6%0.9%1.4%
VWIV72.6%60.4%79.9%63.7%72.5%
Skew 25d-5.4%-31.8%11.0%2.0%-5.5%
Skew 10d-13.3%-40.6%13.3%-11.8%-10.4%
Call IV 25d76.5%61.2%90.3%61.2%90.0%
Put IV 25d71.2%37.4%101.3%63.2%84.6%
Bid-Ask Spread %15.294.5333.7933.7919.03
Gamma HHI0.170.140.370.150.19
Net GEX1.1M817.3K1.9M817.3K1.2M
Net DEX-80.0M-109.1M-43.0M-44.9M-94.1M
Net VEX-465.5K-502.0K-393.7K-394.7K-496.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.210.080.510.250.13
Total Volume25,757.42912,10064,44413,24716,910
Total OI577,586.571546,600602,607546,600591,832

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$4.78$4.0059.4%17.6%71.9%13.5%63.7%2.0%0.9%817.3K-44.9M-394.7K0.2533.79N/AN/A10,5652,682302,964243,636
2025-09-03$4.75$4.0063.4%18.0%72.3%17.0%64.5%2.0%-1.2%859.6K-44.6M-398.3K0.085.28N/AN/A14,7931,215309,724245,306
2025-09-04$5.00$4.0062.1%17.4%73.3%15.9%66.0%7.9%3.9%1.1M-53.8M-404.6K0.1514.27N/AN/A40,1926,219313,520246,017
2025-09-05$4.79$4.0058.1%15.3%75.7%12.4%60.4%-10.4%2.1%846.7K-43.0M-393.7K0.3013.57N/AN/A9,3132,787321,195247,839
2025-09-08$5.08$4.0064.0%18.5%77.4%17.6%67.6%-28.2%0.5%1.0M-55.8M-400.6K0.165.81N/AN/A14,6072,391307,463244,007
2025-09-09$5.63$4.0068.8%19.2%83.2%21.8%68.3%-31.8%-1.4%1.3M-84.9M-444.6K0.166.76N/AN/A42,4806,747314,765245,381
2025-09-10$6.12$4.0069.0%21.2%85.3%22.0%75.0%-1.9%3.1%1.3M-107.2M-469.7K0.086.66N/AN/A59,6864,758320,621250,185
2025-09-11$6.13$4.5080.6%21.2%82.7%32.3%74.3%-9.2%-1.1%1.3M-109.1M-489.4K0.167.78N/AN/A43,3227,075329,755252,159
2025-09-12$6.06$4.5073.0%20.9%83.2%25.5%74.1%-4.7%-0.4%1.3M-103.6M-495.4K0.187.25N/AN/A23,2264,124333,362257,776
2025-09-15$5.81$4.5074.6%21.4%85.5%27.0%75.4%-4.9%1.1%1.1M-92.4M-485.4K0.394.53N/AN/A9,2943,655326,926251,025
2025-09-16$5.54$4.5074.5%21.3%87.1%26.9%75.7%-9.0%1.3%1.1M-81.8M-481.7K0.257.78N/AN/A13,2133,243329,257252,571
2025-09-17$5.61$4.5073.7%21.1%86.9%26.1%76.2%-6.3%2.5%1.2M-83.0M-478.2K0.316.96N/AN/A16,9555,199334,838253,524
2025-09-18$5.71$4.5075.1%21.5%85.1%27.4%76.5%-4.8%1.2%880.9K-86.0M-479.7K0.0914.69N/AN/A13,4301,251340,206257,456
2025-09-19$5.70$4.5076.2%21.8%83.3%28.4%78.0%-5.3%0.2%886.0K-86.4M-483.9K0.1023.41N/AN/A12,2751,278344,144257,840
2025-09-22$6.25$4.5076.5%22.6%86.2%28.6%79.9%-2.1%12.4%1.1M-100.2M-498.2K0.3020.04N/AN/A40,62212,117310,700252,555
2025-09-23$5.81$4.5078.8%22.0%91.7%30.7%79.5%-0.4%1.4%943.2K-79.3M-479.4K0.1322.26N/AN/A28,7003,674315,697260,918
2025-09-24$5.67$4.5074.7%21.5%92.3%27.0%74.8%-4.0%12.9%957.0K-75.5M-500.6K0.2531.73N/AN/A10,4652,594322,821262,746
2025-09-25$5.89$4.5077.7%21.5%80.9%29.7%75.7%-4.5%22.6%1.1M-83.9M-501.1K0.5125.40N/AN/A12,0196,079327,821264,198
2025-09-26$5.96$4.5075.2%20.4%78.4%27.5%71.3%-2.4%14.5%1.9M-85.1M-502.0K0.2218.66N/AN/A14,6703,280333,315269,292
2025-09-29$5.92$4.5081.9%21.1%78.1%33.4%74.3%11.0%-0.5%1.0M-85.3M-497.9K0.1725.38N/AN/A11,7822,019318,663265,298
2025-09-30$6.13$4.5083.4%20.4%76.7%34.7%72.5%-5.5%1.4%1.2M-94.1M-496.7K0.1319.03N/AN/A14,9771,933324,872266,960