LUMN Options History — November 2025

In November 2025, LUMN traded between $7.45 and $11.68. ATM implied volatility averaged 88.1%, placing in the 39.0% IV rank vs the trailing year. The 30-day expected move averaged 25.8%. IV traded below realized volatility by 13.9% (HV 20d: 102.0%). Max pain ranged from $5.50 to $9.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.46.

Notable Days

  • 2025-11-03: Highest Volume — 113,652 contracts
  • 2025-11-28: Largest IV drop — 13.8% change
  • 2025-11-04: Highest IV Rank — 49.9%
  • 2025-11-03: Largest Expected Move — 32.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.94$7.45$11.68$11.68$8.11
Max Pain$6.16$5.50$9.00$9.00$6.00
ATM IV88.1%68.5%100.6%98.0%68.5%
Expected Move25.8%21.4%32.6%32.6%22.8%
HV 20d102.0%83.6%115.0%91.2%83.6%
HV 60d85.4%81.0%89.6%81.0%84.1%
IV Rank39.0%21.6%49.9%47.7%21.6%
IV Percentile75.3%26.6%91.3%90.5%26.6%
Term Structure-4.2%-24.2%21.7%21.7%-24.2%
VWIV93.5%82.6%114.7%109.9%82.6%
Skew 25d-4.3%-12.5%6.4%-2.5%6.4%
Skew 10d-4.9%-53.0%56.7%11.5%-0.6%
Call IV 25d92.8%53.2%105.5%103.2%81.1%
Put IV 25d88.5%54.2%106.6%100.7%87.5%
Bid-Ask Spread %45.7631.6462.1743.9762.17
Gamma HHI0.130.100.160.140.14
Net GEX864.0K317.2K2.1M2.1M974.9K
Net DEX-152.5M-311.4M-77.6M-311.4M-117.4M
Net VEX-723.9K-811.8K-670.6K-679.6K-711.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.460.141.311.190.16
Total Volume30,484.9475,252113,652113,6525,252
Total OI735,134.947676,815772,363676,815714,423

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$11.68$9.0098.0%32.6%91.2%47.7%109.9%-2.5%21.7%2.1M-311.4M-679.6K1.1943.97N/AN/A51,97161,681358,682318,133
2025-11-04$10.80$9.00100.6%31.8%95.5%49.9%114.7%-8.3%-9.1%1.4M-251.3M-762.8K0.1741.73N/AN/A54,7639,460373,364369,648
2025-11-05$10.89$9.0096.6%31.3%95.7%46.4%112.5%-11.5%-2.5%1.2M-258.0M-800.3K0.2241.41N/AN/A27,3515,901384,986378,915
2025-11-06$10.91$5.5099.5%28.3%94.4%49.0%96.4%1.1%-8.9%1.0M-261.7M-811.8K0.8631.64N/AN/A22,60419,439389,727382,636
2025-11-07$10.46$5.5094.1%27.1%95.0%44.3%93.2%-3.0%-6.2%1.8M-232.0M-795.5K0.1436.25N/AN/A37,2065,165391,498369,234
2025-11-10$10.48$5.5094.1%25.1%95.3%44.2%88.7%-6.8%-12.7%1.1M-231.6M-762.7K0.2141.39N/AN/A23,3694,918353,540356,602
2025-11-11$9.36$5.5083.9%23.8%106.7%35.2%87.5%-12.5%-2.3%636.3K-162.8M-735.6K0.4139.69N/AN/A21,1268,694361,088359,640
2025-11-12$8.55$5.5086.0%24.0%112.4%37.1%88.0%-7.3%-3.5%317.2K-119.2M-706.6K0.1840.39N/AN/A27,8074,951366,396364,505
2025-11-13$8.04$5.5081.1%23.3%114.7%32.7%87.6%-7.2%-0.2%398.7K-95.2M-687.2K0.3850.37N/AN/A28,50410,773377,242365,407
2025-11-14$8.00$5.5083.1%24.5%114.4%34.5%89.6%-2.6%4.0%376.3K-97.1M-717.5K0.4450.90N/AN/A15,7056,975387,385369,545
2025-11-17$8.00$5.5089.4%25.6%113.9%40.1%95.6%-7.0%-2.3%411.5K-98.3M-707.1K0.2442.61N/AN/A12,9513,071369,912365,418
2025-11-18$7.70$5.5089.2%25.6%115.0%39.9%92.4%-6.7%-5.4%469.5K-86.5M-695.8K0.2742.84N/AN/A18,7895,034376,074366,312
2025-11-19$7.72$5.5090.5%25.9%114.7%41.0%94.5%-3.2%-3.1%574.5K-86.6M-710.6K0.5854.07N/AN/A7,0744,095387,473369,102
2025-11-20$7.45$5.5086.8%25.2%110.2%37.8%97.9%-6.9%-11.5%640.1K-77.6M-670.6K0.5647.41N/AN/A8,0634,535389,265370,344
2025-11-21$7.69$5.5089.0%25.8%109.2%39.7%90.9%-8.8%-2.6%639.8K-85.2M-700.9K1.1051.18N/AN/A10,18411,247391,947369,423
2025-11-24$7.71$6.0080.9%21.4%96.3%32.6%86.4%1.0%-5.2%620.9K-94.1M-675.5K0.1554.27N/AN/A10,1291,539359,770340,743
2025-11-25$8.09$6.0083.9%23.6%94.4%35.2%83.9%1.6%-3.1%782.4K-113.4M-707.5K0.1850.59N/AN/A14,3932,542364,306341,386
2025-11-26$8.16$6.0079.5%23.0%86.2%31.3%85.0%2.1%-1.8%932.8K-118.7M-715.5K1.3146.58N/AN/A5,1776,776371,454342,039
2025-11-28$8.11$6.0068.5%22.8%83.6%21.6%82.6%6.4%-24.2%974.9K-117.4M-711.5K0.1662.17N/AN/A4,542710373,388341,035