10.36K calls and 5.03K puts traded on Nov 4, 2026, 15.39K contracts in total. Open interest was 116.59K contracts. Over the past 30 days, volume averaged 11.58K contracts per day. The CIEN option volume chart shows volume by strike and expiration date.

Ciena IV rank is 56, so its 30-day implied volatility of 84.9% is near the middle of its one-year range. Over the past year it ranged from 52.7% on Dec 23, 2025 to 110.4% on Jun 2, 2026. See the CIEN implied volatility history for a longer view.

The Ciena put/call volume ratio was 0.49 on Nov 4, 2026, so calls outnumber puts. The put/call open interest ratio was 0.97. The CIEN open interest chart shows calls and puts at each strike.

As of the Nov 4, 2026 close, max pain for Ciena options about one week from expiration was $341.43, 25.5% above the $272.10 close. The CIEN max pain chart shows it for every expiration date.

Based on 7-day implied volatility of 108.5%, options price a move of about ±$40.88 (±15.0%) over the next week, a range of roughly $231.22 to $312.98 from the Nov 4, 2026 close. The CIEN expected move chart shows it for every expiration date.