Lemonade (LMND) Options Chain

NYSE: LMNDFinanceProperty-Casualty InsurersUSD

46.46-0.45 (-0.96%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 468
Share price: $46.46
Put/call ratio (OI): 0.49
Put/call ratio (volume): 0.59
ATM implied volatility: 67.4%
Expected move: ±$35.44
Open interest (C / P): 17.29K / 8.51K

LMND options summary

The LMND options chain for the January 21, 2028 expiration lists 26 call and 22 put contracts, with 468 days until expiration. Open interest stands at 17,288 calls and 8,510 puts, a put/call ratio of 0.49, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $45.00 strike is 67.4%, which implies the market expects a move of about ±$35.44 (76.3%) in Lemonade stock by expiration.

The most open interest sits at the $145.00 call (2.11K contracts) and the $50.00 put (2.12K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

LMND options chain · January 21, 2028

LMND calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
5	5	84.8%	27.75	25.50	30.00	22.50	—	—	—	—	—	—
340	3	81.8%	26.50	25.40	26.50	25.00	2.45	3.20	2.97	66.3%	5	1,813
1,272	5	79.3%	22.55	22.50	23.30	30.00	4.00	4.60	4.49	63.3%	5	601
109	20	78.3%	20.24	19.30	21.40	35.00	6.00	6.90	6.50	62.9%	1	790
577	3	77.2%	17.78	17.40	18.70	40.00	6.50	10.00	8.95	58.4%	14	364
272	1	74.2%	15.80	15.20	16.10	45.00	11.10	12.00	11.68	60.5%	1	843
LMND $46.46
992	6	75.2%	14.48	13.60	14.80	50.00	14.10	17.00	14.55	64.3%	5	2,118
935	4	74.5%	12.40	12.10	13.20	55.00	17.40	19.40	17.97	61.1%	1	150
1,113	10	73.8%	11.26	10.40	12.10	60.00	20.90	22.60	21.70	59.4%	3	556
403	2	73.4%	8.91	9.70	10.40	65.00	23.60	26.70	25.22	56.9%	4	184
1,582	10	73.5%	9.23	8.70	9.50	70.00	28.40	29.70	28.65	56.0%	1	292
1,004	70	72.0%	8.10	6.90	9.00	75.00	32.50	35.00	34.50	58.5%	1	72
632	15	71.1%	7.35	6.30	7.70	80.00	36.60	38.00	39.45	54.3%	1	65
314	2	73.6%	6.41	6.40	7.30	85.00	40.90	42.30	38.50	53.3%	1	5
682	5	71.8%	6.60	5.00	6.80	90.00	0.00	0.00	44.96	—	2	0
107	3	73.3%	5.20	5.20	6.10	95.00	49.60	51.10	47.80	50.1%	1	9
1,151	35	72.3%	5.07	4.70	5.30	100.00	54.10	55.50	55.40	53.5%	1	393
74	3	73.0%	4.33	4.20	5.20	105.00	58.70	60.40	56.10	54.9%	—	20
341	1	72.4%	4.20	3.80	4.60	110.00	61.50	65.60	58.10	58.5%	3	31
1,337	1	72.9%	3.70	3.50	4.40	115.00	68.70	69.80	72.00	53.5%	15	83
1,453	20	73.3%	3.60	3.30	4.10	120.00	68.40	69.30	64.00	—	50	66
139	3	73.0%	4.10	2.95	3.80	125.00	—	—	—	—	—	—
266	4	72.6%	3.32	2.60	3.50	130.00	—	—	—	—	—	—
28	1	69.7%	3.60	1.55	3.30	135.00	—	—	—	—	—	—
47	1	68.9%	2.62	0.25	4.00	140.00	92.00	94.70	91.88	60.2%	4	5
2,113	1	73.0%	2.50	2.15	2.80	145.00	96.40	99.80	99.10	62.6%	19	50

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the LMND put/call ratio?

For the January 21, 2028 expiration, the LMND put/call ratio based on open interest is 0.49 (8,510 puts vs 17,288 calls), and 0.59 based on today's volume. A ratio above 1 means more puts than calls.

What is LMND's implied volatility?

At-the-money implied volatility for LMND options expiring January 21, 2028 is about 67.4%, an annualized estimate of how much the market expects Lemonade stock to move.

How many LMND option expiration dates are there?

LMND has 12 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.