Ciena Corporation (CIEN)

CIEN trades at $142, 42.0% above the near-term max pain of $100 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($60-$135), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CIEN shows a downward trend from 135 to 60, indicating bearish sentiment or hedging activity. The 75% spread signals divergent expectations across timeframes. Most levels below 142 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.