Ciena (CIEN) Options Chain

NYSE: CIENUtilitiesTelecommunications EquipmentUSD

445.55+19.62 (+4.61%)

Market open · Delayed 15 min · as of Oct 9, 12:39 PM ET

Expiration date

Expiration: Oct 9, 2026
Days to expiration: 0
Share price: $445.05
Put/call ratio (OI): 1.38
Put/call ratio (volume): 2.20
ATM implied volatility: 54.1%
Expected move: ±$12.60
Open interest (C / P): 7.84K / 10.85K

CIEN options summary

The CIEN options chain for the October 9, 2026 expiration lists 80 call and 66 put contracts, expiring today. Open interest stands at 7,839 calls and 10,849 puts, a put/call ratio of 1.38, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $445.00 strike is 54.1%, which implies the market expects a move of about ±$12.60 (2.8%) in Ciena stock by expiration.

The most open interest sits at the $440.00 call (706 contracts) and the $420.00 put (1.59K contracts).

Summary generated from market data by MetaCap's automated system. Methodology

CIEN options chain · October 9, 2026

CIEN calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
1	—	818.5%	129.00	216.30	227.80	220.00	0.00	4.90	0.05	799.4%	2	7
1	1	773.2%	101.50	206.30	217.80	230.00	0.00	4.90	0.05	755.1%	1	1
1	1	712.9%	91.80	196.30	207.50	240.00	0.00	4.90	0.04	712.6%	1	207
—	—	—	—	—	—	250.00	0.00	4.90	0.05	671.8%	7	60
—	—	—	—	—	—	260.00	0.00	4.90	0.30	632.4%	9	25
—	—	—	—	—	—	265.00	0.00	4.90	2.45	613.3%	21	22
—	—	—	—	—	—	270.00	0.00	0.10	2.45	343.8%	21	316
—	—	—	—	—	—	275.00	0.00	4.90	0.25	576.0%	18	7
—	—	—	—	—	—	277.50	0.00	0.10	0.17	325.0%	—	9
1	1	572.1%	53.00	156.30	167.80	280.00	0.00	0.05	0.04	300.0%	1	113
1	1	553.8%	95.30	151.30	162.80	285.00	0.00	4.90	0.53	539.8%	1	98
—	—	—	—	—	—	287.50	0.00	4.90	0.32	531.1%	1	27
5	2	535.8%	73.20	146.30	157.80	290.00	0.00	4.90	0.37	522.3%	1	60
2	—	500.5%	45.50	141.30	152.40	295.00	0.00	4.90	0.05	504.8%	9	59
—	—	—	—	—	—	297.50	0.00	4.90	0.36	496.2%	—	7
14	1	496.4%	69.00	136.30	147.70	300.00	0.00	0.10	0.05	275.8%	1	80
—	—	—	—	—	—	302.50	0.00	4.90	0.35	479.2%	—	5
4	1	483.3%	80.14	131.30	142.80	305.00	0.00	4.90	0.05	470.7%	1	66
—	—	—	—	—	—	307.50	0.00	4.90	0.50	462.4%	—	143
24	16	466.3%	133.43	127.00	137.80	310.00	0.00	4.90	0.05	454.0%	2	166
—	—	—	—	—	—	312.50	0.00	4.90	1.75	445.8%	8	41
5	2	445.6%	28.90	121.30	132.70	315.00	0.00	4.90	0.21	437.6%	2	56
—	—	—	—	—	—	317.50	0.00	4.90	0.25	429.4%	1	2
51	5	432.8%	103.89	116.30	127.80	320.00	0.00	4.90	0.10	421.2%	1	65
—	—	—	—	—	—	322.50	0.00	4.90	0.30	413.2%	1	125
7	2	412.8%	64.35	111.30	122.70	325.00	0.00	4.90	0.25	405.1%	6	65
1	—	397.3%	23.80	108.80	120.00	327.50	0.00	4.90	6.00	397.2%	—	14
5	1	400.1%	101.52	106.30	117.80	330.00	0.00	4.90	0.49	389.2%	11	143
2	1	392.0%	58.21	103.80	115.30	332.50	0.00	4.90	4.08	381.3%	—	1
340	3	406.4%	26.50	102.00	113.50	335.00	0.00	4.90	0.31	373.4%	4	88
47	4	316.2%	38.50	98.80	108.80	337.50	0.00	4.90	0.36	365.6%	2	3
29	5	258.2%	83.98	96.00	105.50	340.00	0.00	4.90	0.05	357.8%	14	196
16	1	297.3%	21.30	93.80	103.70	342.50	0.00	4.90	0.30	350.1%	9	31
17	8	268.1%	96.05	91.20	100.80	345.00	0.00	4.90	0.10	342.3%	2	182
5	1	283.6%	40.83	88.80	98.70	347.50	0.00	4.90	0.17	334.6%	5	5
248	1	286.0%	85.20	86.50	96.40	350.00	0.00	4.90	0.10	326.9%	1	1,070
5	1	270.0%	85.60	83.80	93.70	352.50	0.00	4.90	0.75	319.3%	8	8
71	2	242.6%	76.42	80.80	90.80	355.00	0.00	0.10	0.01	165.6%	4	76
50	2	269.4%	31.77	79.00	89.00	357.50	0.00	0.20	0.15	174.6%	5	29
90	3	258.4%	73.41	76.50	86.40	360.00	0.00	0.75	0.10	203.9%	13	398
67	17	251.6%	30.50	74.00	83.90	362.50	0.00	4.90	0.83	289.1%	8	404
128	2	236.6%	76.22	71.30	81.20	365.00	0.00	4.90	0.85	281.6%	8	49
40	10	268.4%	76.69	69.90	79.80	367.50	0.00	2.95	0.25	242.5%	1	17
422	10	235.0%	55.00	66.50	76.50	370.00	0.00	0.20	0.10	150.0%	1	1,128
6	5	220.7%	25.85	63.80	73.80	372.50	0.00	0.25	0.25	149.2%	3	51
42	1	192.6%	65.40	60.80	70.80	375.00	0.00	4.90	0.01	251.8%	5	568
27	5	203.6%	54.09	58.80	68.70	377.50	0.00	4.90	0.92	244.3%	28	29
83	1	189.2%	51.31	56.00	66.00	380.00	0.00	4.90	0.06	236.9%	30	252
13	12	190.5%	51.05	54.80	63.70	382.50	0.00	4.90	5.55	229.5%	1	15
51	3	234.4%	56.53	53.10	63.00	385.00	0.00	4.90	0.18	222.2%	110	315
2	1	177.5%	21.40	48.90	58.70	387.50	0.00	4.20	0.19	205.8%	7	9
401	4	—	52.00	46.10	51.90	390.00	0.00	0.10	0.25	102.3%	2	231
19	2	149.7%	34.37	43.60	53.30	392.50	—	—	—	—	—	—
89	3	139.4%	45.00	41.70	50.70	395.00	0.00	0.05	0.05	86.7%	40	34
130	1	144.8%	44.20	38.50	48.50	397.50	—	—	—	—	—	—
392	4	—	40.62	37.00	44.90	400.00	0.00	0.10	0.05	84.8%	27	716
140	1	135.3%	36.53	33.60	43.60	402.50	—	—	—	—	—	—
212	1	119.1%	26.63	30.80	40.80	405.00	0.00	0.25	0.50	85.9%	8	34
4	28	128.0%	28.24	28.90	38.80	407.50	—	—	—	—	—	—
142	2	143.9%	21.40	27.40	37.30	410.00	0.00	0.05	0.04	61.7%	11	349
17	—	100.6%	3.13	23.30	33.30	412.50	—	—	—	—	—	—
132	9	—	25.30	22.10	27.80	415.00	0.00	2.75	0.05	110.6%	4	47
151	3	91.0%	13.15	19.60	28.40	417.50	—	—	—	—	—	—
88	43	—	11.80	17.10	22.20	420.00	0.05	1.55	2.00	83.1%	17	1,592
80	3	93.3%	11.70	14.10	24.10	422.50	—	—	—	—	—	—
214	15	—	19.37	13.10	18.80	425.00	0.10	0.90	0.40	62.2%	7	76
84	6	69.0%	6.10	10.10	18.60	427.50	—	—	—	—	—	—
92	28	—	11.15	8.00	13.10	430.00	0.15	1.65	0.70	58.9%	20	229
73	19	—	7.40	5.90	10.90	432.50	—	—	—	—	—	—
39	11	—	7.35	4.40	9.10	435.00	0.50	3.60	1.00	62.3%	73	577
26	9	41.2%	7.21	2.70	8.70	437.50	—	—	—	—	—	—
706	17	32.8%	4.00	1.80	6.20	440.00	2.00	6.00	2.55	67.1%	228	36
71	14	40.9%	3.07	0.90	5.20	442.50	—	—	—	—	—	—
251	16	29.4%	1.27	0.55	2.75	445.00	3.00	11.60	6.00	78.8%	683	4
CIEN $445.05
344	21	51.8%	2.27	0.05	3.70	447.50	—	—	—	—	—	—
397	17	30.1%	0.50	0.20	1.00	450.00	7.60	13.10	10.35	81.5%	2	8
138	21	55.0%	1.93	0.00	3.30	455.00	10.00	19.50	31.00	94.7%	3	3
199	45	51.0%	0.15	0.00	1.25	460.00	—	—	—	—	—	—
69	45	51.8%	0.05	0.00	0.55	465.00	—	—	—	—	—	—
300	22	89.7%	0.40	0.00	2.60	470.00	—	—	—	—	—	—
138	6	123.7%	1.24	0.00	4.90	475.00	—	—	—	—	—	—
151	18	136.3%	0.65	0.00	4.90	480.00	—	—	—	—	—	—
19	1	148.5%	0.50	0.00	4.90	485.00	—	—	—	—	—	—
136	20	80.5%	1.35	0.00	0.15	490.00	43.80	53.70	119.39	184.8%	—	0
372	24	83.6%	0.07	0.00	0.05	500.00	—	—	—	—	—	—
49	40	193.8%	1.30	0.00	4.90	505.00	—	—	—	—	—	—
6	4	159.3%	0.23	0.00	1.70	510.00	—	—	—	—	—	—
1	—	244.3%	0.75	0.00	4.90	530.00	—	—	—	—	—	—
1	—	253.9%	4.78	0.00	4.90	535.00	—	—	—	—	—	—
1	—	272.3%	1.32	0.00	4.90	545.00	—	—	—	—	—	—
1	—	281.3%	2.45	0.00	4.90	550.00	—	—	—	—	—	—
2	—	363.8%	1.87	0.00	4.90	600.00	—	—	—	—	—	—
38	36	393.6%	0.60	0.00	4.90	620.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the CIEN put/call ratio?

For the October 9, 2026 expiration, the CIEN put/call ratio based on open interest is 1.38 (10,849 puts vs 7,839 calls), and 2.20 based on today's volume. A ratio above 1 means more puts than calls.

What is CIEN's implied volatility?

At-the-money implied volatility for CIEN options expiring October 9, 2026 is about 54.1%, an annualized estimate of how much the market expects Ciena stock to move.

How many CIEN option expiration dates are there?

CIEN has 16 listed expiration dates, from Oct 9, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.