# LUMN: options-positioning snapshot

Canonical: https://halfonadouble.com/stock/LUMN
Data through: 2026-10-02 close
Publisher: Half on a Double

| Published field | Value |
| --- | --- |
| Close (USD/share) | 5.75 |
| Delta neutral (USD/share) | 5.87 |
| Gamma neutral (USD/share) | 6.39 |
| Gamma max (USD/share) | 7.94 |
| Open interest (contracts) | 494,840 |
| Nearest-expiration max pain (USD/share) | 6.00 (2026-10-09) |
| All-expiration max pain (USD/share) | 6.00 |
| Net gamma exposure | -7,070,027 |
| Confirmed GEX flip (USD/share) | 6.39 |
| Call wall (USD/share) | 6.00 |
| Put wall (USD/share) | 6.00 |
| Put/call open-interest ratio | 0.75 |
| Options catalyst-intensity score (0–100) | 62.1 |
| Options directional score (-100 to +100) | -27.8 |
| IV rank | 55.6 |
| Front ATM IV | +72.1% |
| Front-minus-back IV | -1.4 pp |
| Front expected move | +10.0% |
| Front ATM straddle / spot | +9.4% |
| Front 25-delta risk reversal | 48.1 pp |
| Call OI change, 1 session | -8,560 contracts · -2.9% |
| Put OI change, 1 session | +14,015 contracts · +7.1% |
| Call minus put OI growth, 1 session | -10.0 pp |
| Call OI change, 5 sessions | +4,099 contracts · +1.5% |
| Put OI change, 5 sessions | +17,812 contracts · +9.1% |
| Call minus put OI growth, 5 sessions | -7.7 pp |
| Daily call OI change surprise | -0.51σ (252 prior changes) |
| Daily put OI change surprise | +1.01σ (252 prior changes) |
| Daily call-minus-put growth surprise | -2.41σ (252 prior changes) |
| Daily open interest change (contracts) | 5,455 |
| Daily open interest change z-score (prior 252) | +0.21σ (252 prior changes) |
| Gamma max distance from close | +38.1% |
| Delta neutral distance from close | +2.1% |
| Prior-year sessions closer to gamma max | 86.5% of 252 |
| Prior-year sessions closer to delta neutral | 2.4% of 252 |

## Historical gamma-max cross outcomes

| Direction | Horizon | n | Median | Middle 50% | Above zero | Nominal ≥90% median interval | Confidence floor |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: |
| above | Day +1 | 20 | -1.7% | -3.3% to +1.8% | 45% | -3.1% to +1.1% | 0.0% |
| above | Day +3 | 20 | -2.0% | -7.4% to +3.8% | 35% | -7.3% to +3.7% | 0.0% |
| above | Day +5 | 20 | -1.5% | -8.6% to +0.5% | 40% | -8.5% to +0.4% | 0.0% |
| above | Day +10 | 20 | -2.3% | -14.9% to +6.0% | 50% | -13.9% to +5.5% | 0.0% |
| below | Day +1 | 20 | -0.4% | -2.6% to +1.2% | 45% | -2.4% to +0.7% | 0.0% |
| below | Day +3 | 20 | +0.5% | -4.1% to +3.3% | 55% | -3.5% to +3.2% | 0.0% |
| below | Day +5 | 20 | +1.0% | -5.8% to +2.5% | 55% | -5.6% to +2.3% | 0.0% |
| below | Day +10 | 20 | -5.2% | -9.2% to +3.2% | 30% | -7.4% to +3.0% | 0.0% |

Returns are close-to-close after the labelled number of subsequent trading sessions. Cohorts require gamma max to be within 10% of the close on both crossing sessions. Historical windows can overlap and are not independent observations, so interval coverage is not guaranteed.

- [Machine-readable snapshot](https://halfonadouble.com/api/v1/tickers/LUMN.json)
- [Historical CSV](https://halfonadouble.com/api/v1/history/LUMN.csv)
- [Complete advanced analysis](https://halfonadouble.com/api/v1/analysis/LUMN.json?date=2026-10-02)

An em dash means unavailable, not zero. Values use the same display rounding as the HTML page. This is a current snapshot; full history and individual event paths are on the canonical page.

[Definitions and limitations](https://halfonadouble.com/methodology.md).