LUMN Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete LUMN options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around LUMN.

Latest Data: 2026-10-13 (EDT)

Max Pain Price

Exp: 2026-10-16

Gamma Flip

4.96

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.688

Shows put vs call positioning

IV Skew

-4.18

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 88%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options market shows a strong bullish alignment. Multiple key factors point firmly to the upside, supported by dealer flows and positioning. Options Chian

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 60%

Current DPI is -0.399(bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions are moderately choppy. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-10-23 options expiry. 100% confidence

The support levels for LUMN are at 4.93, 4.85, and 4.31, while the resistance levels are at 5.05, 5.13, and 5.67. The pivot point, a key reference price for traders, is at 7.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 3)

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 3.41% 1-day move.

The expected range for the next 3 days is 4.41 — 5.56 , corresponding to +11.49% / -11.54% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.

Bullish flow suggests upside interest toward 5.96 (19.54% above spot).

Bearish positioning points to downside pressure toward 4.01 (19.62% below spot).

Options flow strength: 0.60 (0–1 scale). ATM Strike: 5.00, Call: 0.12, Put: 0.17, Straddle Cost: 0.29.

Price moves are likely to stay range-bound. The short-term gamma flip is near 4.92 , with intermediate positioning around 4.96 . The mid-term gamma flip remains near 4.96.