Bullish option flow detected in Lumen (LUMN) Technologies with 5,175 calls trading, 1.3x expected, and implied vol increasing almost 6 points to 97.15%. 10/31 weekly 8 calls and Dec-27 10 calls are the most active options, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 0.06. Earnings are expected on October 30th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LUMN:
- Broadcom Stock (AVGO) Stands as Cisco Rolls Out AI Chip to Connect Scattered Data Centers
- Lumen Technologies Reprices Credit Facilities to Cut Costs
- Lumen Technologies: Strategic Growth and Financial Restructuring Drive Buy Rating
- Lumen price target raised to $7.50 from $6 at Citi
- Lumen Technologies: Hold Rating Amid Strategic Plans and Uncertain Financial Outlook