LUMN Options History — January 2026

In January 2026, LUMN traded between $7.59 and $9.27. ATM implied volatility averaged 86.9%, placing in the 37.8% IV rank vs the trailing year. The 30-day expected move averaged 24.1%. IV traded above realized volatility by 26.3% (HV 20d: 60.5%). Max pain ranged from $8.00 to $8.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.31.

Notable Days

  • 2026-01-27: Highest Volume — 98,862 contracts
  • 2026-01-05: Largest IV spike — 16.0% change
  • 2026-01-29: Highest IV Rank — 50.9%
  • 2026-01-27: Largest Expected Move — 27.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.38$7.59$9.27$7.67$8.82
Max Pain$8.00$8.00$8.00$8.00$8.00
ATM IV86.9%66.9%101.6%66.9%99.0%
Expected Move24.1%18.2%27.8%18.2%27.3%
HV 20d60.5%53.2%67.9%59.6%67.9%
HV 60d80.6%70.4%84.4%81.2%70.4%
IV Rank37.8%20.1%50.9%20.1%48.6%
IV Percentile73.3%26.2%93.3%26.2%90.9%
Term Structure0.2%-7.9%19.5%19.5%-6.0%
VWIV84.6%71.4%96.8%71.4%96.6%
Skew 25d0.4%-8.8%11.7%-2.3%-2.6%
Skew 10d12.4%-54.5%109.1%-54.5%1.3%
Call IV 25d88.0%66.6%105.0%66.6%105.0%
Put IV 25d88.4%64.3%103.8%64.3%102.4%
Bid-Ask Spread %42.7729.6565.2332.5238.15
Gamma HHI0.140.110.260.110.12
Net GEX1.0M-107.4K1.9M654.1K1.1M
Net DEX-91.5M-122.9M-60.5M-67.3M-94.0M
Net VEX-602.9K-705.8K-548.4K-565.9K-659.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.310.100.770.730.33
Total Volume19,586.77,00498,8629,6538,949
Total OI499,594.7384,568573,779550,399461,055

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$7.67$8.0066.9%18.2%59.6%20.1%71.4%-2.3%19.5%654.1K-67.3M-565.9K0.7332.52N/AN/A5,5764,077327,022223,377
2026-01-05$7.59$8.0077.6%21.6%53.2%29.6%78.0%-1.6%2.6%654.9K-60.5M-548.4K0.1639.94N/AN/A15,1512,445320,496223,352
2026-01-06$8.21$8.0080.0%22.5%57.9%31.7%80.6%11.7%-0.2%687.6K-92.3M-601.5K0.3341.55N/AN/A22,2017,281329,540223,893
2026-01-07$7.92$8.0081.4%22.2%59.2%33.0%78.7%-8.8%-1.2%709.7K-77.4M-587.4K0.3430.85N/AN/A5,8812,005337,692231,666
2026-01-08$8.21$8.0076.6%22.1%60.5%28.8%79.1%9.7%1.1%721.7K-91.3M-605.9K0.1631.14N/AN/A6,033971338,587232,502
2026-01-09$7.96$8.0082.6%22.8%58.6%34.0%78.4%1.7%2.6%780.0K-77.4M-573.6K0.2031.36N/AN/A6,8711,351339,621233,051
2026-01-12$8.00$8.0086.7%23.0%58.5%37.7%80.3%-3.0%-5.6%531.5K-77.8M-568.9K0.1029.65N/AN/A15,0861,583335,713231,000
2026-01-13$8.04$8.0087.0%23.9%58.3%37.9%81.2%4.9%-3.0%602.4K-80.6M-575.4K0.1939.11N/AN/A8,0221,506341,832231,947
2026-01-14$8.16$8.0083.9%23.6%54.5%35.2%81.7%6.8%-0.1%528.7K-81.9M-574.0K0.1254.24N/AN/A9,1661,130339,020232,650
2026-01-15$8.75$8.0085.8%23.7%59.7%36.8%83.3%-2.6%-5.4%-107.4K-117.0M-605.5K0.7730.16N/AN/A24,62018,984340,116232,909
2026-01-16$8.45$8.0086.7%24.4%54.8%37.7%85.3%1.8%-1.4%1.8M-109.7M-594.0K0.2536.02N/AN/A10,1932,587345,092214,853
2026-01-20$7.94$8.0084.6%24.0%59.1%35.8%83.9%-1.7%7.5%850.8K-72.4M-562.2K0.6551.83N/AN/A16,19110,523244,580139,988
2026-01-21$8.34$8.0083.9%24.0%59.2%35.2%82.9%-1.8%8.8%1.3M-85.8M-591.6K0.2152.92N/AN/A10,7622,259250,385148,621
2026-01-22$8.96$8.0087.1%24.6%61.2%38.0%86.7%-4.4%6.5%1.7M-110.3M-623.5K0.1157.15N/AN/A29,7503,228255,134150,144
2026-01-23$8.59$8.0092.0%26.3%63.6%42.4%88.0%-4.9%-0.7%1.9M-100.3M-605.4K0.2256.45N/AN/A8,8631,963269,366150,286
2026-01-26$8.64$8.0094.8%26.1%63.6%44.8%89.2%1.6%-4.5%1.4M-96.1M-604.8K0.2152.43N/AN/A6,4321,372258,171138,992
2026-01-27$9.27$8.0098.9%27.8%67.0%48.5%95.0%4.7%-2.8%1.7M-122.9M-632.2K0.7053.40N/AN/A58,24440,618260,747139,855
2026-01-28$9.23$8.00100.2%27.0%66.3%49.6%94.3%0.1%-7.9%1.6M-114.9M-705.8K0.1765.23N/AN/A8,7761,532281,472177,309
2026-01-29$8.93$8.00101.6%27.5%67.7%50.9%96.8%-1.0%-6.5%1.4M-100.4M-671.8K0.2631.27N/AN/A7,6101,942282,623177,235
2026-01-30$8.82$8.0099.0%27.3%67.9%48.6%96.6%-2.6%-6.0%1.1M-94.0M-659.5K0.3338.15N/AN/A6,7422,207283,027178,028