Ciena Corporation (CIEN)
Ciena Max Pain By Strike
CIEN trades at $116.7, 33.4% above the near-term max pain of $87.5 expiring Sep 19, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($52.5-$120), signaling increased put positioning or downside protection. Key magnetic zone at 88 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Ciena Max Pain By Expiry
Max pain for CIEN shows a downward trend from 120 to 52.5, indicating bearish sentiment or hedging activity. The 81% spread signals divergent expectations across timeframes. Most levels below 116.7 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 87.5 | -29.20 (-25.02%) |
| Oct 17, 2025 | 97.5 | -19.20 (-16.45%) |
| Jan 16, 2026 | 57.5 | -59.20 (-50.73%) |
| Mar 20, 2026 | 87.5 | -29.20 (-25.02%) |
| Apr 17, 2026 | 120 | 3.30 (2.83%) |
| Jun 18, 2026 | 82.5 | -34.20 (-29.31%) |
| Jan 15, 2027 | 52.5 | -64.20 (-55.01%) |