Shares of Lumen Technologies (LUMN) are surging in Monday's intraday trading, with the stock price soaring by 9.05%. This significant uptick comes amid a flurry of options activity that suggests growing bullish sentiment among investors.

According to market data, Lumen Technologies is experiencing an unusual spike in call option trading. The volume of call options traded has reached 19,263, which is double the expected level. This surge in call options, which give holders the right to buy the stock at a predetermined price, often indicates that traders are betting on further upside in the stock price.

Adding to the bullish signals, the implied volatility for Lumen Technologies options has jumped by over 25 points to 109. This substantial increase in implied volatility suggests that the options market is pricing in the potential for larger price swings in the near future, which could be driving more speculative trading activity. As investors digest these developments, the stock's dramatic rise reflects growing optimism about Lumen Technologies' prospects, at least in the short term.