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: Jan 21, 2028
Days to expiration: 469
Share price: $449.77
Put/call ratio (OI): 0.63
Put/call ratio (volume): 1.50
ATM implied volatility: 69.3%
Expected move: ±$353.21
Open interest (C / P): 4.59K / 2.90K

CIEN options summary

The CIEN options chain for the January 21, 2028 expiration lists 88 call and 89 put contracts, with 469 days until expiration. Open interest stands at 4,587 calls and 2,899 puts, a put/call ratio of 0.63, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $450.00 strike is 69.3%, which implies the market expects a move of about ±$353.21 (78.5%) in Ciena stock by expiration.

The most open interest sits at the $600.00 call (503 contracts) and the $300.00 put (224 contracts).

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

CIEN options chain · January 21, 2028

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
78	2	116.5%	361.21	378.00	396.00	70.00	0.30	1.80	0.99	79.5%	1	133
—	—	—	—	—	—	75.00	0.25	3.30	1.59	83.3%	2	49
—	—	—	—	—	—	80.00	0.00	0.00	4.10	25.0%	2	0
27	9	312.9%	302.19	426.00	446.00	85.00	3.90	11.00	8.00	104.7%	5	13
9	2	106.9%	317.70	360.00	378.00	90.00	1.10	2.90	4.90	76.4%	1	25
1	2	106.3%	322.10	356.00	374.00	95.00	0.00	0.00	6.80	25.0%	2	0
10	10	105.6%	276.65	352.00	370.00	100.00	1.75	3.60	3.15	75.4%	5	56
1	2	102.2%	267.60	346.00	366.00	105.00	0.05	9.50	3.60	82.3%	1	2
9	2	—	321.30	270.00	288.00	110.00	2.45	4.40	7.30	74.3%	1	14
1	2	98.4%	283.60	338.00	356.00	115.00	3.20	4.90	4.57	74.6%	5	19
6	5	—	340.34	262.80	280.00	120.00	3.20	5.50	6.00	73.5%	2	6
21	2	97.0%	321.10	330.00	348.00	125.00	3.70	6.50	7.06	73.8%	2	167
14	2	—	306.50	255.00	272.00	130.00	4.40	6.80	11.92	73.3%	1	10
4	2	93.5%	226.40	324.00	336.00	135.00	4.90	8.00	6.40	73.6%	1	51
1	1	94.6%	214.99	318.00	336.00	140.00	5.20	7.50	6.72	71.3%	12	26
1	1	—	122.27	189.00	194.00	145.00	6.20	8.00	7.70	71.2%	1	13
27	10	93.3%	310.26	310.50	328.00	150.00	6.90	9.40	8.38	71.8%	10	30
—	—	—	—	—	—	155.00	7.60	10.60	14.35	71.9%	—	1
45	10	92.5%	302.62	303.70	320.00	160.00	8.50	11.20	19.20	71.5%	1	10
1	1	—	294.51	231.30	248.00	165.00	9.00	12.20	10.60	71.0%	1	68
0	1	—	374.00	0.00	0.00	170.00	5.00	13.40	17.80	66.5%	1	23
6	9	—	133.42	211.50	216.50	175.00	10.70	14.20	19.10	70.6%	1	49
15	1	86.2%	276.85	286.00	302.00	180.00	4.00	15.20	20.12	63.8%	2	26
21	25	86.6%	230.42	282.00	300.00	185.00	12.30	16.30	22.50	69.9%	5	22
15	2	87.0%	233.08	278.00	298.00	190.00	13.30	17.40	23.80	69.7%	2	36
11	2	87.3%	229.74	276.00	294.00	195.00	14.60	18.60	25.40	69.7%	1	15
41	6	86.2%	210.60	273.90	288.00	200.00	14.90	19.90	27.20	69.1%	2	72
11	1	83.5%	177.00	264.00	280.60	210.00	17.10	22.40	21.42	68.6%	2	96
38	1	83.4%	209.00	258.00	274.00	220.00	18.20	24.40	28.00	67.1%	1	110
18	1	—	187.58	142.80	156.80	230.00	23.30	26.80	26.27	67.9%	2	64
6	2	82.4%	162.00	246.10	260.00	240.00	24.60	29.30	29.60	66.6%	2	127
19	1	81.9%	158.37	240.00	253.40	250.00	29.10	33.80	33.00	67.7%	3	91
48	2	80.9%	187.47	232.00	248.00	260.00	29.00	37.40	34.50	66.0%	2	66
13	1	81.3%	167.50	226.00	244.00	270.00	30.10	40.80	39.25	64.7%	2	33
42	2	80.7%	165.50	222.00	236.00	280.00	32.00	44.60	65.80	64.0%	90	101
21	1	80.1%	173.25	216.00	230.00	290.00	37.80	50.50	43.80	65.5%	4	19
28	1	77.2%	211.51	210.10	218.00	300.00	44.10	52.50	52.14	65.4%	1	224
17	1	77.9%	203.65	202.00	218.00	310.00	48.10	54.30	51.50	64.3%	38	42
29	3	79.2%	197.00	200.00	214.00	320.00	53.80	62.70	58.00	66.1%	2	119
14	2	78.3%	181.00	194.00	208.00	330.00	53.90	62.40	60.40	62.8%	4	16
13	1	78.0%	196.00	190.00	201.90	340.00	58.30	72.70	78.60	64.5%	5	16
57	1	76.9%	143.80	184.00	195.80	350.00	66.70	71.80	69.00	63.7%	27	23
40	2	77.8%	178.95	180.00	194.00	360.00	71.80	74.50	74.30	63.0%	5	37
119	1	76.7%	160.00	174.00	188.00	370.00	75.30	83.80	82.18	63.6%	2	33
129	8	76.8%	165.55	170.00	184.00	380.00	79.30	89.00	85.00	63.1%	2	31
64	2	76.8%	165.79	166.00	180.00	390.00	81.30	97.30	94.85	62.9%	1	37
83	12	76.3%	163.00	162.00	174.40	400.00	89.80	99.70	135.70	62.8%	3	35
31	1	76.0%	157.95	158.00	170.10	410.00	96.80	103.00	102.50	62.4%	3	13
17	2	75.8%	145.80	154.00	166.00	420.00	100.30	114.00	113.55	63.1%	5	29
88	1	75.7%	150.58	150.00	162.20	430.00	108.00	120.00	118.49	63.5%	37	38
41	2	76.3%	153.90	147.80	159.90	440.00	114.30	126.00	120.00	63.5%	1	22
CIEN $449.77
77	1	76.1%	150.15	144.10	156.00	450.00	117.10	132.00	176.90	62.5%	1	15
156	1	76.3%	144.30	143.00	151.30	460.00	120.40	138.00	169.13	61.5%	1	23
48	2	75.2%	136.05	136.00	147.60	470.00	0.00	0.00	162.10	—	6	0
28	4	74.9%	128.60	131.90	144.50	480.00	138.30	150.00	179.28	62.4%	2	8
33	1	74.8%	122.85	128.00	142.00	490.00	143.20	156.00	209.00	61.8%	1	8
120	1	75.3%	126.00	126.00	140.00	500.00	0.00	0.00	180.40	—	2	0
72	1	74.7%	126.44	122.00	136.00	510.00	0.00	0.00	186.90	—	9	0
21	1	75.1%	93.40	120.00	134.00	520.00	204.00	220.00	182.75	82.7%	—	1
86	2	74.1%	112.61	116.00	128.60	530.00	170.70	184.00	203.65	61.6%	2	18
101	2	74.8%	114.30	114.00	127.90	540.00	177.60	188.80	212.83	60.9%	3	3
36	1	74.6%	112.15	110.00	126.00	550.00	180.00	198.00	218.46	60.2%	4	8
19	1	74.4%	84.50	108.00	122.00	560.00	188.00	204.00	226.40	60.0%	8	12
4	1	74.5%	64.20	106.00	119.60	570.00	194.00	209.30	235.67	59.0%	13	20
45	1	73.7%	80.50	102.00	115.70	580.00	204.10	218.00	241.91	59.9%	4	10
99	1	73.6%	106.48	100.00	112.70	590.00	212.50	226.00	252.34	60.2%	6	8
503	1	73.7%	104.12	98.20	110.30	600.00	220.20	232.00	235.75	59.8%	4	190
11	1	73.8%	74.90	96.00	108.40	610.00	0.00	0.00	265.20	—	—	0
62	1	74.2%	73.10	92.00	110.00	620.00	288.00	308.00	286.21	87.5%	2	1
31	5	73.6%	71.40	90.00	105.30	630.00	0.00	0.00	268.50	—	2	0
129	2	73.8%	69.70	88.00	104.00	640.00	0.00	0.00	288.00	—	2	0
325	52	73.8%	85.01	86.00	102.00	650.00	0.00	0.00	312.25	—	75	0
10	2	73.2%	66.60	84.00	97.80	660.00	0.00	0.00	291.70	—	—	0
4	2	74.2%	65.10	82.00	100.00	670.00	0.00	0.00	299.00	—	—	0
100	3	73.1%	81.02	80.00	93.90	680.00	0.00	0.00	307.40	—	—	0
19	6	74.0%	75.10	78.00	96.00	690.00	0.00	0.00	313.30	—	8	0
49	6	73.9%	73.80	76.00	94.00	700.00	0.00	0.00	322.90	—	6	0
50	12	74.2%	73.60	76.00	92.00	710.00	—	—	—	—	—	—
272	6	73.1%	70.30	74.00	86.10	720.00	—	—	—	—	—	—
43	2	72.9%	81.00	72.40	83.70	730.00	0.00	0.00	358.50	—	2	0
25	3	73.1%	72.07	70.00	83.80	740.00	329.60	342.00	392.77	56.9%	2	52
19	4	71.8%	76.10	64.00	78.50	760.00	345.90	360.00	394.64	56.8%	6	13
302	10	72.9%	65.40	64.00	77.20	780.00	462.00	477.20	419.60	107.0%	11	30
39	13	73.0%	64.36	62.10	74.20	800.00	379.80	392.00	428.67	55.5%	2	31
6	2	72.3%	56.00	58.00	70.30	820.00	392.00	410.00	447.17	53.8%	3	15
24	6	72.2%	65.10	55.60	67.30	840.00	412.10	428.00	464.73	54.4%	4	3
83	18	73.5%	58.30	57.80	65.40	860.00	499.10	514.30	498.50	91.2%	18	24
6	8	73.9%	58.90	57.00	65.20	870.00	440.30	454.00	494.88	54.3%	10	26
48	6	72.5%	53.50	50.00	64.70	880.00	516.00	534.00	472.40	91.6%	—	4
28	1	72.7%	58.00	50.00	63.40	890.00	526.00	540.00	523.30	91.2%	7	16
103	4	73.3%	55.00	53.50	60.00	900.00	534.00	550.00	483.70	91.3%	—	2

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 January 21, 2028 expiration, the CIEN put/call ratio based on open interest is 0.63 (2,899 puts vs 4,587 calls), and 1.50 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 January 21, 2028 is about 69.3%, 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.