Ciena (CIEN) Options Chain

NYSE: CIENUtilitiesTelecommunications EquipmentUSD

449.77+23.84 (+5.60%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Apr 16, 2027
Days to expiration: 187
Share price: $449.77
Put/call ratio (OI): 0.18
Put/call ratio (volume): 0.14
ATM implied volatility: 72.1%
Expected move: ±$232.15
Open interest (C / P): 2.83K / 506

CIEN options summary

The CIEN options chain for the April 16, 2027 expiration lists 30 call and 30 put contracts, with 187 days until expiration. Open interest stands at 2,825 calls and 506 puts, a put/call ratio of 0.18, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $450.00 strike is 72.1%, which implies the market expects a move of about ±$232.15 (51.6%) in Ciena stock by expiration.

The most open interest sits at the $310.00 call (1.14K contracts) and the $280.00 put (129 contracts).

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

CIEN options chain · April 16, 2027

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
—	—	—	—	—	—	170.00	1.20	3.00	4.60	75.5%	1	5
—	—	—	—	—	—	180.00	1.35	3.80	6.33	74.2%	—	5
—	—	—	—	—	—	185.00	1.85	4.20	5.03	74.6%	1	1
—	—	—	—	—	—	195.00	2.00	4.80	9.70	72.3%	—	6
0	—	90.7%	184.90	251.70	267.10	200.00	2.50	5.50	6.60	72.9%	10	12
—	—	—	—	—	—	210.00	3.40	6.50	10.88	72.5%	6	35
—	—	—	—	—	—	220.00	3.90	7.90	13.80	71.6%	6	18
—	—	—	—	—	—	230.00	5.00	9.00	13.95	70.9%	2	5
—	—	—	—	—	—	240.00	6.70	10.30	9.00	70.8%	1	18
1	—	82.6%	117.87	211.20	221.20	250.00	6.90	10.50	10.35	67.5%	1	15
—	—	—	—	—	—	260.00	9.40	13.30	12.57	69.2%	1	25
3	2	80.0%	111.21	194.50	205.10	270.00	11.80	15.60	14.80	69.7%	6	51
—	—	—	—	—	—	280.00	13.60	18.40	16.90	69.7%	8	129
1	2	78.5%	175.28	179.20	189.90	290.00	15.30	20.80	20.10	69.0%	14	16
1	—	77.9%	94.70	172.30	182.30	300.00	17.90	24.30	21.20	69.4%	3	27
1,144	4	77.3%	161.46	164.60	175.90	310.00	18.30	24.60	25.90	66.0%	34	43
1,143	1,142	76.7%	124.65	157.60	169.00	320.00	22.80	29.60	29.10	68.1%	3	9
4	6	76.0%	148.84	150.90	161.90	330.00	25.10	33.90	62.50	68.0%	1	2
12	5	75.7%	112.17	144.60	155.50	340.00	27.20	37.10	33.57	67.0%	1	2
1	1	75.3%	137.68	138.60	149.10	350.00	32.20	41.50	56.90	68.0%	2	3
4	4	74.0%	126.26	132.20	141.50	360.00	35.90	45.00	85.75	67.5%	1	5
1	6	74.5%	124.01	126.60	137.10	370.00	39.30	48.70	47.20	66.8%	64	58
16	2	74.1%	117.31	120.80	131.40	380.00	44.10	52.90	50.50	66.9%	3	6
1	10	73.5%	114.40	114.90	125.80	390.00	48.60	57.30	63.40	66.7%	4	5
11	2	73.4%	108.81	110.20	120.40	400.00	52.90	62.00	103.79	66.4%	1	1
2	4	73.1%	102.84	105.10	115.20	410.00	—	—	—	—	—	—
3	5	72.8%	96.84	100.30	110.30	420.00	63.20	71.90	111.54	66.2%	—	1
9	6	72.8%	92.93	96.00	105.80	430.00	67.50	77.00	139.00	65.5%	1	1
—	—	—	—	—	—	440.00	0.00	0.00	118.30	0.8%	—	0
CIEN $449.77
3	1	72.1%	78.00	87.00	96.50	450.00	—	—	—	—	—	—
9	1	71.8%	76.32	82.60	92.40	460.00	—	—	—	—	—	—
8	7	71.5%	73.50	78.50	88.30	470.00	—	—	—	—	—	—
3	2	71.4%	76.78	74.60	84.60	480.00	—	—	—	—	—	—
42	2	71.0%	74.35	70.90	80.60	490.00	102.30	111.30	192.90	63.9%	—	1
19	1	70.8%	68.00	67.30	76.90	500.00	—	—	—	—	—	—
33	4	70.5%	31.30	63.70	73.50	510.00	—	—	—	—	—	—
50	30	70.5%	57.88	60.70	70.40	520.00	—	—	—	—	—	—
15	2	70.3%	28.20	57.50	67.30	530.00	—	—	—	—	—	—
5	5	70.2%	25.40	54.70	64.40	540.00	—	—	—	—	—	—
2	6	70.0%	51.20	49.30	59.00	560.00	—	—	—	—	—	—
279	4	70.0%	46.47	44.80	54.20	580.00	164.70	173.90	242.05	61.6%	—	1

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 April 16, 2027 expiration, the CIEN put/call ratio based on open interest is 0.18 (506 puts vs 2,825 calls), and 0.14 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 April 16, 2027 is about 72.1%, an annualized estimate of how much the market expects Ciena stock to move.

How many CIEN option expiration dates are there?

CIEN has 15 listed expiration dates, from Oct 16, 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.