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: Jan 15, 2027
Days to expiration: 96
Share price: $40.23
Put/call ratio (OI): 0.92
Put/call ratio (volume): 0.20
ATM implied volatility: 37.6%
Expected move: ±$7.76
Open interest (C / P): 7.47K / 6.85K

LNC options summary

The LNC options chain for the January 15, 2027 expiration lists 18 call and 16 put contracts, with 96 days until expiration. Open interest stands at 7,470 calls and 6,847 puts, a put/call ratio of 0.92, which is fairly balanced between calls and puts. At-the-money implied volatility near the $40.00 strike is 37.6%, which implies the market expects a move of about ±$7.76 (19.3%) in Lincoln National stock by expiration.

The most open interest sits at the $55.00 call (1.39K contracts) and the $27.50 put (1.48K contracts).

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

LNC options chain · January 15, 2027

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
0	1	104.5%	26.50	24.40	26.40	15.00	0.00	0.55	0.15	114.5%	1	1
1	1	—	16.00	15.10	17.90	17.50	0.00	0.55	0.26	98.2%	1	23
52	160	55.5%	21.60	19.50	21.00	20.00	0.00	0.00	0.05	25.0%	10	0
76	180	71.5%	19.00	17.10	18.90	22.50	0.00	0.60	0.05	73.2%	10	734
85	295	51.4%	16.00	14.60	16.10	25.00	0.05	0.20	0.20	51.8%	10	1,464
139	5	—	10.50	7.50	9.60	27.50	0.05	0.70	0.22	54.5%	1	1,477
380	1	62.0%	13.46	10.10	11.30	30.00	0.15	0.70	0.34	53.5%	3	172
102	10	84.4%	7.96	10.20	11.50	32.50	0.40	0.70	0.50	42.7%	1	105
150	3	46.7%	6.90	6.10	6.80	35.00	0.80	1.10	1.05	39.2%	2	153
271	4	44.8%	5.06	4.20	5.10	37.50	1.50	1.75	1.60	36.5%	1	585
628	36	37.4%	3.02	2.80	3.20	40.00	2.45	3.00	2.10	37.8%	12	1,394
LNC $40.23
1,125	4	34.7%	1.80	1.85	1.95	42.50	3.80	4.30	4.10	35.7%	53	457
748	19	34.3%	1.12	1.00	1.20	45.00	5.50	6.10	5.71	36.1%	14	254
651	1	33.9%	0.60	0.50	0.70	47.50	6.90	8.20	5.30	37.8%	25	28
1,198	5	36.1%	0.45	0.30	0.50	50.00	0.00	0.00	16.52	—	2	0
212	3	39.1%	0.15	0.10	0.40	52.50	—	—	—	—	—	—
1,391	5	48.7%	0.15	0.00	0.60	55.00	—	—	—	—	—	—
261	2	56.4%	0.25	0.00	0.55	60.00	—	—	—	—	—	—
—	—	—	—	—	—	65.00	0.00	0.00	20.66	—	2	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 January 15, 2027 expiration, the LNC put/call ratio based on open interest is 0.92 (6,847 puts vs 7,470 calls), and 0.20 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 January 15, 2027 is about 37.6%, 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.