Lumen Technologies (LUMN) Options Chain

NASDAQ: LUMNTelecommunicationsTelecommunications EquipmentUSD

5.28-0.47 (-8.17%)

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

Expiration date

Expiration: Jan 15, 2027
Days to expiration: 95
Share price: $5.28
Put/call ratio (OI): 0.49
Put/call ratio (volume): 1.23
ATM implied volatility: 62.1%
Expected move: ±$1.67
Open interest (C / P): 87.14K / 42.41K

LUMN options summary

The LUMN options chain for the January 15, 2027 expiration lists 28 call and 26 put contracts, with 95 days until expiration. Open interest stands at 87,136 calls and 42,405 puts, a put/call ratio of 0.49, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $5.50 strike is 62.1%, which implies the market expects a move of about ±$1.67 (31.7%) in Lumen Technologies stock by expiration.

The most open interest sits at the $10.00 call (15.99K contracts) and the $5.50 put (11.63K contracts).

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

LUMN options chain · January 15, 2027

LUMN 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	4	581.3%	4.75	4.40	5.10	0.50	—	—	—	—	—	—
119	1	331.3%	4.30	4.00	4.55	1.00	0.00	0.13	0.07	215.6%	10	16
62	17	150.8%	3.80	3.55	4.10	1.50	0.00	0.00	0.02	50.0%	10	0
579	1	147.7%	4.80	2.98	3.80	2.00	0.00	0.00	0.03	50.0%	20	0
69	1	98.4%	3.17	2.57	3.10	2.50	0.01	0.06	0.01	89.1%	20	192
1,106	6	50.0%	2.27	2.11	2.46	3.00	0.02	0.06	0.02	71.9%	22	1,870
0	33	—	3.22	0.00	0.00	3.50	0.00	0.30	0.04	81.3%	22	290
2,117	1	71.3%	2.00	1.37	1.62	4.00	0.00	0.28	0.19	60.0%	20	3,445
1,299	13	73.0%	1.10	0.94	1.42	4.50	0.29	0.33	0.36	62.7%	18	937
2,589	9	71.5%	0.80	0.84	0.95	5.00	0.48	0.58	0.59	63.1%	491	5,465
LUMN $5.28
2,343	18	70.1%	0.62	0.59	0.74	5.50	0.55	0.87	0.85	54.0%	70	11,632
1,482	113	77.2%	0.73	0.41	0.73	6.00	0.90	1.25	1.15	56.8%	20	1,861
14,102	259	73.6%	0.30	0.24	0.36	7.00	1.85	1.97	2.00	61.1%	162	6,235
4,698	135	72.7%	0.15	0.12	0.20	8.00	2.71	3.15	2.50	79.5%	100	513
2,355	10	77.9%	0.10	0.09	0.14	9.00	3.30	3.95	3.50	95.3%	2	5,557
15,991	133	78.9%	0.08	0.06	0.08	10.00	4.60	4.85	4.75	51.6%	136	4,223
1,174	20	88.3%	0.11	0.05	0.10	11.00	5.25	5.95	5.35	116.0%	1	64
11,041	1	81.3%	0.05	0.00	0.06	12.00	6.20	7.05	6.52	138.3%	2	76
181	4	114.1%	0.03	0.00	0.25	13.00	7.20	8.10	6.37	152.3%	2	19
319	20	99.2%	0.08	0.00	0.09	14.00	8.25	9.20	8.54	75.0%	1	0
7,865	18	100.0%	0.03	0.02	0.05	15.00	9.20	10.10	7.85	166.2%	1	0
268	11	93.8%	0.02	0.00	0.03	16.00	10.20	11.10	9.37	172.3%	—	0
7,558	11	107.0%	0.02	0.02	0.04	17.00	11.20	12.10	10.35	177.7%	2	0
110	55	115.6%	0.02	0.00	0.08	18.00	0.00	0.00	7.95	—	—	0
20	34	117.2%	0.03	0.00	0.07	19.00	—	—	—	—	—	—
5,361	2	123.4%	0.01	0.00	0.08	20.00	14.20	15.10	13.35	192.2%	2	0
0	5	50.0%	0.05	0.00	0.00	21.00	15.20	16.10	14.35	196.5%	—	0
4,328	1	160.6%	0.02	0.01	0.27	22.00	13.15	14.80	14.45	—	20	10

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 LUMN put/call ratio?

For the January 15, 2027 expiration, the LUMN put/call ratio based on open interest is 0.49 (42,405 puts vs 87,136 calls), and 1.23 based on today's volume. A ratio above 1 means more puts than calls.

What is LUMN's implied volatility?

At-the-money implied volatility for LUMN options expiring January 15, 2027 is about 62.1%, an annualized estimate of how much the market expects Lumen Technologies stock to move.

How many LUMN option expiration dates are there?

LUMN has 13 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.