Lincoln National (LNC) Options Chain

NYSE: LNCFinanceLife InsuranceUSD

40.23-0.31 (-0.76%)

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

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $40.23
Put/call ratio (OI): 0.95
Put/call ratio (volume): 1.65
ATM implied volatility: 40.5%
Expected move: ±$5.40
Open interest (C / P): 3.92K / 3.74K

LNC options summary

The LNC options chain for the November 20, 2026 expiration lists 12 call and 12 put contracts, with 40 days until expiration. Open interest stands at 3,918 calls and 3,738 puts, a put/call ratio of 0.95, which is fairly balanced between calls and puts. At-the-money implied volatility near the $40.00 strike is 40.5%, which implies the market expects a move of about ±$5.40 (13.4%) in Lincoln National stock by expiration.

The most open interest sits at the $47.50 call (1.18K contracts) and the $42.50 put (1.98K contracts).

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

LNC options chain · November 20, 2026

LNC 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
—	—	—	—	—	—	20.00	0.00	0.65	0.10	134.2%	37	37
—	—	—	—	—	—	22.50	0.00	0.00	0.05	50.0%	1	0
—	—	—	—	—	—	25.00	0.00	0.60	0.39	95.2%	1	301
—	—	—	—	—	—	27.50	0.00	0.25	0.05	65.8%	2	310
0	40	59.8%	11.60	10.00	10.90	30.00	0.05	0.25	0.17	54.9%	1	51
0	10	53.5%	8.40	7.70	8.50	32.50	0.15	0.35	0.25	52.6%	250	286
30	10	104.5%	8.20	7.70	8.80	35.00	0.20	0.50	0.30	43.6%	2	41
620	77	48.2%	3.87	3.70	4.10	37.50	0.80	1.00	0.80	40.2%	7	137
476	2	43.5%	2.50	2.10	2.45	40.00	1.75	1.90	1.80	37.5%	24	94
LNC $40.23
347	4	39.8%	1.16	1.00	1.25	42.50	3.00	3.30	3.35	35.5%	3	1,975
703	1	40.2%	0.50	0.40	0.65	45.00	4.90	5.40	5.27	39.7%	3	493
1,181	3	38.0%	0.17	0.20	0.25	47.50	3.50	4.60	3.80	—	—	13
294	41	41.0%	0.20	0.00	0.15	50.00	—	—	—	—	—	—
75	1	51.0%	0.12	0.00	0.40	52.50	—	—	—	—	—	—
172	7	54.3%	0.11	0.00	0.30	55.00	—	—	—	—	—	—
20	5	61.5%	0.05	0.00	0.20	60.00	—	—	—	—	—	—

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 LNC put/call ratio?

For the November 20, 2026 expiration, the LNC put/call ratio based on open interest is 0.95 (3,738 puts vs 3,918 calls), and 1.65 based on today's volume. A ratio above 1 means more puts than calls.

What is LNC's implied volatility?

At-the-money implied volatility for LNC options expiring November 20, 2026 is about 40.5%, an annualized estimate of how much the market expects Lincoln National stock to move.

How many LNC option expiration dates are there?

LNC has 10 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.