Shares of Lumen Technologies (LUMN) are soaring in Monday's trading session, with the stock price surging 9.05% during intraday trading. The significant uptick comes as investors react to unusual options activity in the telecommunications company's stock.

According to market data, Lumen Technologies has experienced a surge in call option trading, with 19,263 calls changing hands - approximately double the expected volume. This heightened options activity has been accompanied by a substantial increase in implied volatility, which jumped over 25 points to reach 109. The combination of increased call volume and rising implied volatility suggests a strong bullish sentiment among options traders.

Options trading can often be a leading indicator of stock price movements, as large institutional investors and traders use these derivatives to position themselves for potential future gains. The surge in call options, which give holders the right to buy the stock at a predetermined price, indicates that many traders are betting on further upside for Lumen Technologies. This bullish options flow appears to be driving the stock's impressive intraday rally, as other investors take notice and jump on the bandwagon.