Ciena Corporation (CIEN)
NYSE: CIEN
· Real-Time Price · USD
122.20
3.20 (2.69%)
At close: Sep 09, 2025, 3:59 PM
122.60
0.33%
After-hours: Sep 09, 2025, 07:41 PM EDT
CIEN Delta Exposure By Expiry
The total Delta Exposure (DEX) for CIEN across all expirations shows 3,476,590.11 net shares that market makers must hedge, with 3,640,421.72 from calls and 163,831.61 from puts. The put-call delta ratio of 0.05 shows bullish positioning with call dominance, potentially providing upward momentum but leaving the market vulnerable to sharp pullbacks.
CIEN DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 1,899,187.21 | -42,320.73 | 1,856,866.48 | 0.02 |
| Oct 17, 25 | 810,895.31 | -63,103.93 | 747,791.38 | 0.08 |
| Jan 16, 26 | 769,764.04 | -43,216.01 | 726,548.03 | 0.06 |
| Mar 20, 26 | 55,826.52 | -6,363.75 | 49,462.77 | 0.11 |
| Apr 17, 26 | 441.02 | -695.43 | -254.41 | 1.58 |
| Jun 18, 26 | 50,490.18 | -6,893.92 | 43,596.26 | 0.14 |
| Jan 15, 27 | 53,817.44 | -1,237.84 | 52,579.6 | 0.02 |