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: Mar 19, 2027
Days to expiration: 159
Share price: $40.23
Put/call ratio (OI): 2.17
Put/call ratio (volume): 1.58
ATM implied volatility: 35.9%
Expected move: ±$9.54
Open interest (C / P): 1.63K / 3.54K

LNC options summary

The LNC options chain for the March 19, 2027 expiration lists 17 call and 12 put contracts, with 159 days until expiration. Open interest stands at 1,632 calls and 3,535 puts, a put/call ratio of 2.17, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $40.00 strike is 35.9%, which implies the market expects a move of about ±$9.54 (23.7%) in Lincoln National stock by expiration.

The most open interest sits at the $47.50 call (325 contracts) and the $27.50 put (1.21K contracts).

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

LNC options chain · March 19, 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
2	2	—	19.70	15.80	19.90	17.50	—	—	—	—	—	—
3	20	62.6%	21.60	19.50	21.40	20.00	—	—	—	—	—	—
—	—	—	—	—	—	22.50	0.10	0.20	0.10	52.3%	2	12
0	6	—	15.65	0.00	0.00	25.00	0.10	0.55	0.55	56.1%	3	29
53	5	123.1%	18.10	17.10	19.20	27.50	0.30	0.70	0.45	50.5%	150	1,205
56	28	53.1%	10.65	10.30	11.60	30.00	0.50	1.00	0.90	47.1%	29	1,132
72	25	69.9%	10.03	10.40	12.00	32.50	0.85	1.20	1.10	41.0%	10	38
114	1	50.1%	7.40	6.60	8.00	35.00	1.35	1.85	1.52	39.7%	1	114
85	30	45.0%	5.06	5.00	6.10	37.50	2.20	2.45	2.10	35.7%	22	43
191	2	37.7%	3.79	3.60	4.10	40.00	3.20	3.50	3.30	34.2%	1	931
LNC $40.23
216	10	38.0%	2.59	2.45	3.10	42.50	4.20	5.30	5.25	37.3%	1	22
222	1	35.1%	2.08	1.65	2.00	45.00	5.70	6.80	5.50	35.4%	5	6
325	1	33.8%	1.15	1.10	1.30	47.50	12.30	15.40	12.06	85.8%	—	1
162	3	34.7%	1.15	0.55	0.95	50.00	14.20	17.80	14.15	88.8%	2	2
8	8	37.9%	0.85	0.20	0.85	52.50	—	—	—	—	—	—
120	1	39.6%	0.50	0.20	0.70	55.00	—	—	—	—	—	—
3	—	49.3%	0.60	0.10	0.85	60.00	—	—	—	—	—	—
0	—	12.5%	0.35	0.00	0.00	65.00	—	—	—	—	—	—

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 March 19, 2027 expiration, the LNC put/call ratio based on open interest is 2.17 (3,535 puts vs 1,632 calls), and 1.58 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 March 19, 2027 is about 35.9%, 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.