LUMN Options History — February 2026

In February 2026, LUMN traded between $6.13 and $8.86. ATM implied volatility averaged 83.9%, placing in the 35.2% IV rank vs the trailing year. The 30-day expected move averaged 23.7%. IV traded below realized volatility by 52.3% (HV 20d: 136.2%). Max pain ranged from $7.00 to $8.00. Net GEX was positive for 16 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.68.

Notable Days

  • 2026-02-06: Highest Volume — 120,320 contracts
  • 2026-02-04: Largest IV drop — 32.7% change
  • 2026-02-03: Highest IV Rank — 73.1%
  • 2026-02-03: Largest Expected Move — 29.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.70$6.13$8.86$8.86$7.01
Max Pain$7.89$7.00$8.00$8.00$7.00
ATM IV83.9%68.9%126.7%98.3%74.0%
Expected Move23.7%20.8%29.3%29.1%21.8%
HV 20d136.2%67.8%152.1%67.8%144.6%
HV 60d95.8%68.7%104.4%68.7%100.9%
IV Rank35.2%21.9%73.1%47.9%26.5%
IV Percentile65.1%29.4%98.0%90.5%42.5%
Term Structure-1.8%-21.3%12.0%-10.5%3.6%
VWIV85.2%75.2%104.6%103.0%77.6%
Skew 25d-4.6%-29.7%5.9%-3.0%-3.1%
Skew 10d16.3%-35.2%163.9%20.1%-35.2%
Call IV 25d86.5%75.1%104.3%104.3%77.1%
Put IV 25d81.9%48.4%101.3%101.3%74.0%
Bid-Ask Spread %28.8716.2768.2726.0322.40
Gamma HHI0.140.100.250.120.11
Net GEX479.8K-830.0K1.1M1.1M494.0K
Net DEX-56.1M-98.6M-2.3M-98.6M-29.0M
Net VEX-572.7K-657.2K-462.0K-657.2K-521.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.164.090.301.48
Total Volume25,611.6325,182120,32024,87315,542
Total OI476,235.842438,280495,541445,563495,541

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$8.86$8.0098.3%29.1%67.8%47.9%103.0%-3.0%-10.5%1.1M-98.6M-657.2K0.3026.03N/AN/A19,1205,753270,493175,070
2026-02-03$8.55$8.00126.7%29.3%69.2%73.1%104.6%-6.4%-3.0%1.1M-82.7M-636.0K0.6830.76N/AN/A13,0498,913277,953178,919
2026-02-04$6.70$8.0085.2%20.8%108.1%36.4%79.4%-2.0%3.4%117.8K-14.5M-501.0K0.3850.22N/AN/A43,81716,518281,614186,005
2026-02-05$6.13$8.0089.7%23.4%111.3%40.4%92.2%-11.7%-21.3%153.5K-2.3M-462.0K0.2026.26N/AN/A15,5593,184297,860191,332
2026-02-06$8.11$8.0082.0%23.7%151.8%33.5%86.2%-29.7%10.7%799.3K-70.5M-625.4K1.9328.86N/AN/A41,09979,221303,217187,394
2026-02-09$7.80$8.0082.3%22.7%152.0%33.8%81.9%-2.1%-2.5%736.3K-64.2M-607.9K0.3628.99N/AN/A9,6523,510294,175191,034
2026-02-10$7.75$8.0081.1%23.3%152.0%32.7%83.0%0.7%1.5%724.7K-63.9M-602.2K0.2226.02N/AN/A5,5251,196296,973192,614
2026-02-11$7.81$8.0081.9%23.3%152.1%33.5%85.3%-1.8%-1.1%780.4K-65.8M-599.1K0.1620.63N/AN/A11,9971,901298,439192,844
2026-02-12$7.96$8.0086.0%23.4%152.1%37.1%84.4%2.5%-4.9%943.0K-67.4M-600.6K0.2828.39N/AN/A4,0621,120300,605193,118
2026-02-13$8.32$8.0083.9%23.4%150.8%35.2%84.1%0.2%-3.3%1.1M-87.0M-627.3K0.2419.23N/AN/A8,9322,119301,262193,382
2026-02-17$8.16$8.0081.5%23.2%150.5%33.1%83.1%0.6%-8.1%906.0K-74.4M-592.5K0.3118.26N/AN/A7,7472,421291,860189,501
2026-02-18$7.96$8.0080.7%23.1%149.1%32.4%84.0%-2.0%-7.0%556.2K-66.2M-580.7K0.5937.27N/AN/A5,9303,494294,921191,110
2026-02-19$8.07$8.0079.5%23.1%148.0%31.4%83.1%-2.5%-6.2%557.5K-66.8M-586.0K0.5616.27N/AN/A8,4814,766295,607192,940
2026-02-20$7.89$8.0080.0%23.1%145.6%31.8%82.4%-2.3%-0.1%262.4K-60.6M-566.7K0.4168.27N/AN/A7,2012,983296,643195,871
2026-02-23$7.39$8.0075.7%23.3%146.6%28.0%86.1%5.9%5.8%-40.8K-42.7M-533.0K0.2417.57N/AN/A18,0364,357254,808183,472
2026-02-24$7.55$8.0076.6%24.1%146.9%28.7%85.9%0.3%0.2%39.3K-47.7M-546.6K0.1817.60N/AN/A5,487976261,270186,845
2026-02-25$7.16$8.0080.6%24.0%144.8%32.3%75.2%-16.5%-4.0%-472.8K-31.5M-522.5K0.2833.55N/AN/A19,4925,542263,950187,600
2026-02-26$7.09$7.0068.9%22.1%144.8%21.9%78.2%-13.9%12.0%-830.0K-30.7M-514.0K4.0931.87N/AN/A15,31062,609272,353189,886
2026-02-27$7.01$7.0074.0%21.8%144.6%26.5%77.6%-3.1%3.6%494.0K-29.0M-521.4K1.4822.40N/AN/A6,2589,284282,052213,489