LUMN has been glued around $6.40 while volume has completely evaporated. Tight range, 50DMA right at price, higher low intact. This looks like classic compression before volatility returns.
I think networks are a constraint with cyber protection required at the infrastructure level, LUMN is a interesting player on both fronts
Kate the president is doing great work and has built as very talented team.
My targets:
By Oct. 15: $7.25–$7.50
By Nov. earnings: $8.00–$8.50
By Dec. 1: $9–$10
Bull case into early 2027: $11+
The trigger is $6.70–6.80 with volume. Above $7.27, I think it moves fast.
Invalidation: lose \~$6.00; major thesis breaks below \~$5.65.
Position: 55 Jan 2027 $8 calls.
Either this thing wakes up soon or theta is going to kick me directly face.
Not financial advice, do your HW.