Lumen Technologies (LUMN) Options Chain

NASDAQ: LUMNTelecommunicationsTelecommunications EquipmentUSD

5.62-0.13 (-2.26%)

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

Expiration date

Expiration: Jan 21, 2028
Days to expiration: 468
Share price: $5.28
Put/call ratio (OI): 0.30
Put/call ratio (volume): 0.16
ATM implied volatility: 72.2%
Expected move: ±$4.32
Open interest (C / P): 41.41K / 12.50K

LUMN options summary

The LUMN options chain for the January 21, 2028 expiration lists 9 call and 9 put contracts, with 468 days until expiration. Open interest stands at 41,412 calls and 12,504 puts, a put/call ratio of 0.30, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $5.00 strike is 72.2%, which implies the market expects a move of about ±$4.32 (81.8%) in Lumen Technologies stock by expiration.

The most open interest sits at the $10.00 call (15.18K contracts) and the $5.00 put (6.16K contracts).

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

LUMN options chain · January 21, 2028

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
1,463	5	83.0%	3.25	2.50	3.25	3.00	0.30	0.63	0.36	73.2%	73	1,262
7,771	351	79.0%	1.90	1.85	1.99	5.00	1.20	1.50	1.35	65.4%	185	6,164
LUMN $5.28
2,396	167	75.9%	1.25	1.25	1.32	7.00	2.58	3.35	2.33	74.2%	7	2,548
15,179	348	76.2%	0.79	0.75	0.84	10.00	4.95	7.50	5.15	106.3%	3	1,784
2,786	6	76.3%	0.53	0.50	0.69	12.00	6.70	7.10	7.00	52.9%	7	528
4,574	25	81.0%	0.36	0.34	0.63	15.00	9.35	10.00	9.51	69.1%	20	185
1,622	17	77.3%	0.30	0.21	0.45	17.00	11.25	12.15	11.03	83.4%	3	33
2,373	53	81.8%	0.24	0.23	0.37	20.00	14.05	15.85	13.91	77.2%	1	0
3,248	895	76.8%	0.19	0.14	0.23	22.00	16.05	19.00	15.53	113.1%	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 LUMN put/call ratio?

For the January 21, 2028 expiration, the LUMN put/call ratio based on open interest is 0.30 (12,504 puts vs 41,412 calls), and 0.16 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 21, 2028 is about 72.2%, 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.