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: Dec 17, 2027
Days to expiration: 432
Share price: $5.28
Put/call ratio (OI): 0.28
Put/call ratio (volume): 0.59
ATM implied volatility: 70.3%
Expected move: ±$4.04
Open interest (C / P): 28.06K / 7.97K

LUMN options summary

The LUMN options chain for the December 17, 2027 expiration lists 18 call and 18 put contracts, with 432 days until expiration. Open interest stands at 28,061 calls and 7,971 puts, a put/call ratio of 0.28, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $5.50 strike is 70.3%, which implies the market expects a move of about ±$4.04 (76.4%) in Lumen Technologies stock by expiration.

The most open interest sits at the $7.00 call (7.32K contracts) and the $7.00 put (1.51K contracts).

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

LUMN options chain · December 17, 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
81	1	115.6%	5.00	4.10	5.50	0.50	0.00	0.28	0.01	185.2%	12	22
52	1	111.3%	4.94	3.70	5.05	1.00	0.00	0.09	0.01	93.8%	60	21
0	8	104.5%	4.00	3.75	4.20	1.50	0.00	0.13	0.05	77.3%	2	273
122	2	110.9%	4.17	3.35	4.05	2.00	0.08	0.17	0.12	71.9%	2	353
161	7	95.1%	4.50	2.97	3.55	2.50	0.17	0.26	0.26	68.6%	40	391
393	1	107.6%	2.85	2.80	3.50	3.00	0.29	0.43	0.35	67.8%	5	1,218
115	7	85.7%	2.79	2.25	2.96	3.50	0.44	0.59	0.48	65.2%	4	279
1,304	3	79.1%	2.18	2.02	2.50	4.00	0.63	0.80	0.63	63.9%	17	710
461	4	76.2%	1.90	1.88	2.10	4.50	0.87	1.00	1.01	61.9%	10	763
2,152	57	74.9%	1.73	1.65	1.89	5.00	1.16	1.32	1.25	62.9%	9	851
LUMN $5.28
1,950	3	79.2%	1.53	1.54	1.84	5.50	1.42	1.62	1.49	61.3%	8	1,060
7,322	258	74.4%	1.19	1.14	1.22	7.00	2.33	2.65	2.65	56.5%	52	1,513
6,054	321	75.2%	0.68	0.63	0.78	10.00	4.95	5.15	4.95	56.3%	103	482
2,267	2	76.7%	0.53	0.44	0.64	12.00	0.00	0.00	6.42	—	79	0
1,779	10	81.3%	0.35	0.29	0.57	15.00	9.10	10.25	9.00	86.9%	11	24
381	100	75.1%	0.34	0.18	0.32	17.00	0.00	0.00	10.45	—	13	0
969	7	80.9%	0.25	0.17	0.31	20.00	0.00	0.00	13.60	—	30	0
2,498	3	78.1%	0.28	0.12	0.21	22.00	13.65	14.10	15.30	—	10	11

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 December 17, 2027 expiration, the LUMN put/call ratio based on open interest is 0.28 (7,971 puts vs 28,061 calls), and 0.59 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 December 17, 2027 is about 70.3%, an annualized estimate of how much the market expects Lumen Technologies stock to move.

How many LUMN option expiration dates are there?

LUMN has 12 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.