Lumen Technologies Experiences High Options Activity Pre-Earnings Amid Revenue Decline and Financial Challenges

Lumen Technologies (LUMN) experiences surge in options trading before earnings, with call options outnumbering puts 21-to-1, indicating a bullish sentiment. The stock's implied volatility suggests a 11.1% expected movement, historically averaging a 9.6% movement after earnings releases. Despite a 3.3% decline in total revenue, certain segments like North American Enterprise Grow Revenue and Fiber Broadband Revenue have shown growth. Lumen's financial health is under scrutiny due to a low interest coverage ratio and high debt-to-equity ratio.