Lumen Technologies, Inc. (LUMN) Most Active Options

The 25 most actively traded Lumen Technologies, Inc. (LUMN) option contracts at the latest daily snapshot, ranked by volume. Each row shows the contract's price, implied volatility, delta, open interest, and how today's volume compares with its own 30-day average — click a contract to analyze it in the OptiView platform.

Data as of Aug 24, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close
$5.71
52-week range
$4.69 – $11.83
ATM IV (30d)
59.3%
IV rank
5 / 100
Low
Expected move
±$1.00 (±17.6%)
Put/call OI
0.50
Call-heavy
Max pain
$6
↑ 5.2% above close
Next earnings
Nov 2, 2026

Most Active LUMN Contracts

ContractExpirationDTELastIV IV rank (30d)DeltaOpen interestVolumevs 30d avg
LUMN $9 call Dec 18, 2026 116d $0.25 77.2% 18 0.21 5,766 1,441 20.6× avg
LUMN $5 call Jan 21, 2028 515d $2.29 74.6% 57 0.74 5,285 1,403 29.9× avg
LUMN $6 call Aug 28, 2026 4d $0.06 63.4% 41 0.22 461 1,087 3.7× avg
LUMN $7 call Jan 15, 2027 144d $0.62 72.3% 30 0.42 13,270 674 7.1× avg
LUMN $10 call Dec 18, 2026 116d $0.17 79.2% 21 0.15 7,317 595 8.5× avg
LUMN $10 call Jan 15, 2027 144d $0.23 77.5% 18 0.19 16,834 548 7.8× avg
LUMN $17 call Dec 18, 2026 116d $0.04 88.5% 35 0.03 1,694 520 7.4× avg
LUMN $10 call Jan 21, 2028 515d $1.07 75.8% 16 0.45 13,661 469 6.7× avg
LUMN $10 call Oct 16, 2026 53d $0.04 94.8% 16 0.09 4,047 444 6.7× avg
LUMN $6 put Oct 16, 2026 53d $0.71 54.0% 45 -0.55 901 350 21.5× avg
LUMN $7 call Dec 18, 2026 116d $0.53 74.9% 44 0.40 6,545 293 3.1× avg
LUMN $5 put Sep 18, 2026 25d $0.10 57.3% 2 -0.17 606 292 1.5× avg
LUMN $9 call Jan 15, 2027 144d $0.32 77.8% 19 0.25 2,109 272 3.9× avg
LUMN $11 call Sep 18, 2026 25d $0.01 124.1% 18 0.03 488 231 11.4× avg
LUMN $7 call Jan 21, 2028 515d $1.65 73.9% 39 0.60 2,503 225 2.4× avg
LUMN $22 call Jan 21, 2028 515d $0.34 79.2% 21 0.18 2,951 188 2.7× avg
LUMN $12 call Jan 15, 2027 144d $0.14 73.7% 13 0.09 10,188 187 2.7× avg
LUMN $5.5 call Aug 28, 2026 4d $0.25 0.0% 0 1.00 310 185 0.8× avg
LUMN $8 call Dec 18, 2026 116d $0.35 72.0% 29 0.27 949 183 1.9× avg
LUMN $7 call Oct 16, 2026 53d $0.21 69.4% 30 0.26 804 161 3.1× avg
LUMN $12 call Dec 18, 2026 116d $0.09 81.4% 25 0.08 4,736 155 2.2× avg
LUMN $8 call Oct 16, 2026 53d $0.11 74.7% 36 0.15 3,221 155 3.0× avg
LUMN $10 call Dec 17, 2027 480d $1.00 75.4% 15 0.43 4,437 143 2.0× avg
LUMN $5 put Oct 16, 2026 53d $0.24 61.4% 10 -0.25 1,101 140 7.0× avg
LUMN $6 call Oct 16, 2026 53d $0.46 64.3% 35 0.47 598 129 0.3× avg

Ranked by volume at the latest daily snapshot. "vs 30d avg" compares today's volume with the contract's own 30-day average.

The most active LUMN contract today is the $9 call expiring in 116 days, with 1,441 contracts traded. Calls dominate the most-active list (22 of the top 25), showing where trading interest concentrates. 7 of these contracts are running well ahead of the usual daily volume.

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LUMN Options FAQ

Which LUMN option contract is most active today?

The most traded LUMN contract is the $9 call expiring Dec 18, 2026, with 1,441 contracts traded as of Aug 24, 2026.

How does OptiView rank the most active LUMN options?

The table lists the 25 LUMN contracts with the highest volume at the latest daily snapshot, alongside price, implied volatility, delta, open interest, and each contract's volume versus its own 30-day average.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.