LUMN · Cash-Secured-Puts

Lumen Technologies, Inc. Common Stock (LUMN) cash-secured puts

A modelled cash-secured put from the published implied volatility, with breakeven and buffer.

$4.79
Modelled strike
$4.00
Modelled premium
$0.04
Cash required
$400.00
Breakeven
$3.96
Downside buffer
17.2%
Period return
0.9%
Annualized return
71.5%
Days to expiration
6
Strategy payoffModelled cash-secured put payoff. Spot $4.79. Expiry maximum profit $4.00 · Expiry maximum loss -$396.00 · Expiry breakevens $3.96. Total position fees $0.00 deducted once. Intrinsic at the common expiration; IV/time never alters expiry P/L. No early exercise, assignment, slippage, dividends or taxes modeled.

Update time unavailable

Loading graph — the exact table is available below.

$2.395: Expiration P/L: -$156.50 Update time unavailable
Event / reference markers
  • Spot: $4.79
  • Expiry breakeven $3.96: $3.96
  • sell put strike $4.00: $4.00
Exact data table

Strategy payoff · full stored dataset, independent of graph range/toggles

ObservationExpiration P/L (USD)ContextUpdated
-$156.50Update time unavailable
-$151.71Update time unavailable
-$146.92Update time unavailable
-$142.13Update time unavailable
-$137.34Update time unavailable
-$132.55Update time unavailable
-$127.76Update time unavailable
-$122.97Update time unavailable
-$118.18Update time unavailable
-$113.39Update time unavailable
-$108.60Update time unavailable
-$103.81Update time unavailable
-$99.02Update time unavailable
-$94.23Update time unavailable
-$89.44Update time unavailable
-$84.65Update time unavailable
-$79.86Update time unavailable
-$75.07Update time unavailable
-$70.28Update time unavailable
-$65.49Update time unavailable
-$60.70Update time unavailable
-$55.91Update time unavailable
-$51.12Update time unavailable
-$46.33Update time unavailable
-$41.54Update time unavailable
-$36.75Update time unavailable
-$31.96Update time unavailable
-$27.17Update time unavailable
-$22.38Update time unavailable
-$17.59Update time unavailable
-$12.80Update time unavailable
-$8.01Update time unavailable
-$3.22Update time unavailable
-$0.00Update time unavailable
$1.57Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Spot referenceUpdate time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable
$4.00Update time unavailable

Black-Scholes from the published at-the-money implied volatility (one expected move out of the money). If assigned you buy 100 shares at the strike, an effective $3.96 per share after premium; the shares can keep falling.

Next steps

Data provenance

Figures are from published, reviewed research as of Oct 29, 2026, 4:00 PM EDT. Modelled option premiums use Black-Scholes with the published at-the-money implied volatility and are labelled as modelled, not as live quotes.