LUMN gamma levels.

Where LUMN tends to stick and where it slips: the call wall, put wall, gamma flip and Volt, 15-minute delayed and free.

• LUMN $5.05 · down 4.36% on the day · negative gamma overall (moves tend to extend)
• Levels: ★ Volt, the biggest level 5.5 (above price · 0.45 / 8.91% away); ↯ Surge, live flow 5.5 (above price · 0.45 / 8.91% away); ‖ call wall — ceiling, sticky 7 (above price · 1.95 / 38.61% away); ‖ put wall — slippery, but above price · not a floor from here 5.5 (above price · 0.45 / 8.91% away); ↘ Reversal 7 (above price · 1.95 / 38.61% away)
• Expected move today ±0.56
• Strikes nearest the money (high to low): 6.5 positive, 6 negative, 5.5 negative, 5 negative, 4.5 negative, 4 negative
• Since yesterday's close, positioning faded at 5, 5.5.
• Event pricing: the options market prices an unusually large move into 2026-11-06 (±$1.15 by that date, about 2x this board's normal daily move). On single names this is usually an earnings report. Descriptive of the market's own pricing, never a forecast.
• ATM implied volatility 55.3%