Industrials Industrial Reference Data Updated 2026-05-31

LUNR Gamma Exposure, IV Rank & Implied Volatility

Intuitive Machines Inc. (LUNR) options data — GEX, IV rank, options chain & Greeks

LUNR options trade with implied volatility typically in the 55% - 140% range, averaging N/A in daily volume with moderate liquidity. Next earnings: See earnings calendar.

IV Rank 70.7 /100
IV 34.4%
Simulated data for display · open live LUNR on the platform →

An IV rank near 70.7 (the value shown here is illustrative) would mean implied volatility is in roughly the 70.7th percentile of its 1-year range — elevated, premium-selling regime for credit spreads, iron condors, and short strangles. For today's live LUNR IV rank from ORATS, open the dashboard.

IV History (Simulated · Illustrative Only) Range 25.44%54.29%

Chart shows simulated data for display purposes. View the real LUNR IV history on the live platform →

Comprehensive options market data for Intuitive Machines Inc.

LUNR Options at a Glance

Daily Volume: N/A
Bid-Ask Spread: N/A
Open Interest: N/A
IV Range: 55% - 140%
Expirations: Weekly, Monthly, LEAPS
Next Earnings: See earnings calendar
Liquidity
Moderate
IV Range
55% - 140%
Market Cap
$3B+
Weeklies
No

1 About Intuitive Machines Inc. (LUNR)

Intuitive Machines provides lunar surface access, data services, and communications for NASA and commercial customers. The company achieved the first U.S. lunar landing in over 50 years.

Company Profile

Sector Industrials
Industry Aerospace & Defense
Market Cap $3B+
Exchange NASDAQ

Key Dates

Next Earnings See earnings calendar
Earnings Frequency Quarterly
Dividend Schedule See company page
Fiscal Year End December

Intuitive Machines Inc. operates in the Industrials sector.

2 LUNR Options Market Overview

LUNR options provide moderate liquidity for options traders.

Average Daily Volume N/A
Total Open Interest N/A
Put/Call Ratio N/A
Typical ATM Spread N/A
Weekly Options Not Available
LEAPS Available Yes

Liquidity Assessment: Moderate

LUNR options are available for trading across multiple expirations.

3 LUNR Implied Volatility & IV Rank

LUNR implied volatility is moderate, reflecting economic cycle exposure and industrial spending trends. IV is driven by earnings and macroeconomic data.

Low IV Environment
55% - 76%
Below average volatility
Typical IV Range
76% - 118%
Normal conditions
Elevated IV
118% - 140%
Above average volatility

Earnings Impact

IV typically expands before earnings and contracts after the announcement.

The post-earnings volatility drop is known as IV crush. Holders of short LUNR options should also understand early assignment risk around dividends and expiration.

Historical Volatility vs IV

LUNR IV generally trades near historical volatility, with premiums expanding around earnings.

Term Structure

Typically upward sloping under normal conditions.

View LUNR Volatility Lab

LUNR Gamma Exposure (GEX)

Gamma Exposure analysis for LUNR reveals dealer hedging dynamics at key strike levels.

Typical GEX Profile: LUNR tends to operate in a positive gamma environment during normal conditions.

Key Levels:

Dealer Hedging:

View Live LUNR GEX

4 Common LUNR Options Strategies

These are strategies commonly used by traders on LUNR options, based on typical market characteristics. This is not investment advice.

Popular for LUNR shareholders seeking additional income.

Vertical Spreads Directional

Defined-risk directional exposure on LUNR.

Range-bound strategy for LUNR between events.

Key Considerations for LUNR Options

  • LUNR options liquidity varies by expiration - prefer near-term and monthly expirations for tighter spreads
  • Monitor earnings dates for IV expansion/contraction patterns
  • Consider the stock's beta when sizing positions

Frequently Asked Questions: LUNR Options

What is LUNR's typical implied volatility?

LUNR implied volatility typically ranges from 55% - 140%.

Does LUNR have weekly options?

LUNR may have limited weekly options.

What is LUNR's options trading profile?

LUNR (Intuitive Machines Inc.) options trade with moderate liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 55% - 140% range. The position sits in the Industrials category for portfolio diversification and options strategy design.

How does LUNR implied volatility behave around earnings?

IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.

What options strategies work well on LUNR?

Popular strategies on LUNR options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 55% - 140% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.

What is LUNR's gamma exposure (GEX)?

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence LUNR's intraday price action. LUNR tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live LUNR GEX levels and the gamma-flip point on ApexVol.

What is LUNR's IV rank?

LUNR's IV rank shows where LUNR's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. LUNR implied volatility typically ranges from 55% - 140%. Check LUNR's live IV rank and percentile on ApexVol's IV analytics.

AV
Written by
ApexVol Research Team
Quantitative options research
All calculations use live ORATS institutional data — the same source used by professional volatility desks.
RS
Technical reviewer
Ryan Silk, ApexVol Founder
Reviewed for technical accuracy
10+ years trading options. Built ApexVol's pricing engine, Greeks model, and IV-rank methodology.
This guide is updated as market conditions and ORATS data change. Last revised 2026-05-31. How we research →

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