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: Dec 18, 2026
Days to expiration: 68
Share price: $40.23
Put/call ratio (OI): 1.06
Put/call ratio (volume): 0.80
ATM implied volatility: 39.2%
Expected move: ±$6.81
Open interest (C / P): 3.78K / 4.03K

LNC options summary

The LNC options chain for the December 18, 2026 expiration lists 14 call and 15 put contracts, with 68 days until expiration. Open interest stands at 3,783 calls and 4,025 puts, a put/call ratio of 1.06, which is fairly balanced between calls and puts. At-the-money implied volatility near the $40.00 strike is 39.2%, which implies the market expects a move of about ±$6.81 (16.9%) in Lincoln National stock by expiration.

The most open interest sits at the $40.00 call (1.23K contracts) and the $40.00 put (1.47K contracts).

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

LNC options chain · December 18, 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
—	—	—	—	—	—	17.50	0.05	0.85	0.49	129.7%	1	2
—	—	—	—	—	—	20.00	0.05	0.95	0.41	114.4%	1	6
—	—	—	—	—	—	22.50	0.35	1.15	0.78	109.3%	—	20
0	2	—	15.16	0.00	0.00	25.00	0.00	0.60	0.05	73.4%	1	657
—	—	—	—	—	—	27.50	0.00	0.25	0.15	50.7%	6	73
26	1	54.3%	11.10	10.10	11.20	30.00	0.10	0.30	0.25	49.7%	2	166
6	2	57.2%	9.37	8.00	8.70	32.50	0.05	0.65	0.40	49.3%	1	182
78	1	51.6%	7.69	5.60	6.60	35.00	0.55	0.80	1.00	40.4%	26	143
213	9	43.6%	4.20	3.90	4.50	37.50	1.10	1.40	0.95	37.6%	9	752
1,233	85	39.3%	2.73	2.60	2.85	40.00	2.00	2.60	2.15	39.1%	29	1,471
LNC $40.23
773	1	36.7%	1.45	1.45	1.65	42.50	3.30	3.70	2.85	33.5%	30	486
795	1	38.2%	0.80	0.70	1.05	45.00	5.00	5.70	3.83	36.1%	1	63
270	27	38.1%	0.55	0.30	0.60	47.50	5.50	7.00	7.32	—	1	4
245	3	45.3%	0.41	0.10	0.60	50.00	0.00	0.00	6.29	—	—	0
32	1	51.8%	0.20	0.00	0.60	52.50	—	—	—	—	—	—
28	1	56.4%	0.25	0.00	0.55	55.00	—	—	—	—	—	—
73	20	53.5%	0.25	0.00	0.20	60.00	—	—	—	—	—	—
11	1	63.1%	0.25	0.00	0.45	65.00	0.00	0.00	30.81	—	16	0

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 December 18, 2026 expiration, the LNC put/call ratio based on open interest is 1.06 (4,025 puts vs 3,783 calls), and 0.80 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 December 18, 2026 is about 39.2%, 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.