CIEN option chain
Strikes around the forward, as they were quoted at the close
Data as of 6 November 2026 (end of day)
2026-11-13(7 days)ATM 116.89%±39.21skew +7.28
| Calls | Strike | Puts | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Volume | Open int | Bid | Ask | IV | IV | Bid | Ask | Open int | Volume | |
| 5 | 3 | $25.80 | $31.60 | — | $220.00 | 111.33% | $4.50 | $7.00 | 2 | 220 |
| 2 | 0 | $25.10 | $29.70 | — | $222.50 | — | — | — | — | — |
| 6 | 2 | $23.40 | $27.00 | — | $225.00 | — | — | — | — | — |
| 2 | 0 | $20.70 | $26.20 | — | $227.50 | — | — | — | — | — |
| 6 | 0 | $19.90 | $24.30 | — | $230.00 | 108.15% | $7.50 | $10.10 | 21 | 2 |
| 2 | 2 | $18.90 | $22.30 | — | $232.50 | 115.95% | $8.60 | $13.00 | 2 | 0 |
| 4 | 3 | $15.30 | $20.90 | — | $235.00 | 113.56% | $10.40 | $12.80 | 10 | 1 |
| 2 | 0 | $15.80 | $19.40 | — | $237.50 | 109.22% | $10.60 | $13.80 | 7 | 1 |
| 9 | 7 | $15.30 | $17.90 | — | $240.00 | 112.78% | $11.60 | $16.20 | 58 | 15 |
| 10 | 41 | $13.60 | $16.60 | 113.90% | $242.50 | — | $13.70 | $17.00 | 0 | 3 |
| 22 | 272 | $12.50 | $16.30 | 117.13% | $245.00 | — | $13.90 | $17.70 | 23 | 2 |
| 2 | 6 | $11.20 | $14.50 | 113.53% | $247.50 | — | — | — | — | — |
| 250 | 5 | $10.40 | $12.80 | 111.68% | $250.00 | — | $17.70 | $21.00 | 281 | 229 |
| 14 | 0 | $9.30 | $11.60 | 110.10% | $252.50 | — | — | — | — | — |
| 62 | 0 | $8.40 | $10.00 | 107.22% | $255.00 | — | $19.30 | $24.50 | 8 | 2 |
| 0 | 14 | $7.90 | $9.30 | 108.91% | $257.50 | — | $22.30 | $24.40 | 7 | 2 |
| 22 | 631 | $6.70 | $8.70 | 107.78% | $260.00 | — | $22.50 | $26.30 | 666 | 0 |
| 13 | 1 | $6.00 | $7.80 | 106.95% | $262.50 | — | $23.70 | $31.20 | 2 | 0 |
| 237 | 247 | $5.50 | $7.00 | 106.92% | $265.00 | — | $27.50 | $29.90 | 4 | 3 |
| 14 | 0 | $4.50 | $6.30 | 104.63% | $267.50 | — | — | — | — | — |
| 30 | 407 | $4.10 | $5.50 | 104.04% | $270.00 | — | $29.40 | $34.00 | 15 | 9 |
Forward $242.25. The 25-delta put carries +7.28 volatility points over the 25-delta call.
2026-11-20(14 days)ATM 98.78%±47.37skew +15.95
| Calls | Strike | Puts | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Volume | Open int | Bid | Ask | IV | IV | Bid | Ask | Open int | Volume | |
| — | — | — | — | — | $217.50 | 112.92% | $7.90 | $11.10 | 1 | 0 |
| 0 | 1 | $31.70 | $34.40 | — | $220.00 | 113.78% | $9.20 | $11.80 | 512 | 162 |
| 0 | 7 | $25.40 | $32.40 | — | $225.00 | — | — | — | — | — |
| — | — | — | — | — | $227.50 | 111.87% | $11.90 | $14.20 | 1 | 0 |
| — | — | — | — | — | $230.00 | 110.74% | $13.10 | $14.70 | 1,087 | 532 |
| — | — | — | — | — | $232.50 | 120.76% | $13.30 | $20.30 | 2 | 0 |
| 0 | 4 | $22.40 | $26.10 | — | $235.00 | 111.90% | $14.80 | $17.90 | 9 | 1 |
| 2 | 2 | $20.50 | $24.90 | — | $237.50 | 110.58% | $16.10 | $18.50 | 1 | 0 |
| 4 | 23 | $20.10 | $22.70 | — | $240.00 | 119.72% | $15.70 | $24.80 | 90 | 0 |
| 1 | 6 | $18.80 | $22.20 | — | $242.50 | 112.82% | $17.60 | $22.90 | 33 | 0 |
| 0 | 16 | $16.60 | $24.30 | 107.62% | $245.00 | — | $19.10 | $22.10 | 143 | 4 |
| 4 | 16 | $16.70 | $20.30 | 103.25% | $247.50 | — | $20.50 | $23.30 | 5 | 5 |
| 5 | 20 | $15.00 | $18.00 | 98.38% | $250.00 | — | $21.50 | $25.00 | 276 | 6 |
| 6 | 6 | $14.10 | $17.50 | 100.07% | $252.50 | — | $23.20 | $26.40 | 27 | 0 |
| 7 | 7 | $13.70 | $16.80 | 102.29% | $255.00 | — | $24.20 | $27.60 | 56 | 0 |
| 103 | 118 | $12.80 | $15.00 | 100.06% | $257.50 | — | $25.30 | $32.80 | 15 | 1 |
| 5 | 161 | $11.00 | $14.50 | 98.60% | $260.00 | — | $27.30 | $31.30 | 145 | 16 |
| 42 | 15 | $10.70 | $13.40 | 99.31% | $262.50 | — | $29.60 | $33.40 | 3 | 0 |
| 14 | 12 | $8.20 | $12.60 | 94.56% | $265.00 | — | $30.80 | $33.80 | 107 | 0 |
| 4 | 5 | $9.00 | $11.40 | 97.55% | $267.50 | — | — | — | — | — |
| 7 | 160 | $8.10 | $10.70 | 96.97% | $270.00 | — | $34.10 | $38.50 | 694 | 15 |
Forward $244.85. The 25-delta put carries +15.95 volatility points over the 25-delta call.
2026-11-27(21 days)ATM 90.82%±53.11skew +9.60
| Calls | Strike | Puts | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Volume | Open int | Bid | Ask | IV | IV | Bid | Ask | Open int | Volume | |
| 0 | 1 | $53.10 | $62.30 | — | $190.00 | — | — | — | — | — |
| — | — | — | — | — | $210.00 | 104.35% | $7.30 | $11.80 | 42 | 3 |
| — | — | — | — | — | $215.00 | 98.42% | $8.50 | $11.70 | 52 | 13 |
| 2 | 0 | $34.00 | $36.40 | — | $220.00 | 100.01% | $11.20 | $13.20 | 193 | 162 |
| — | — | — | — | — | $225.00 | 97.96% | $11.70 | $15.80 | 65 | 2 |
| — | — | — | — | — | $230.00 | 99.36% | $15.10 | $17.30 | 87 | 506 |
| 1 | 3 | $25.50 | $28.50 | — | $235.00 | 95.41% | $15.70 | $19.60 | 3 | 0 |
| 3 | 4 | $21.50 | $25.10 | — | $240.00 | 96.97% | $18.80 | $22.20 | 47 | 3 |
| 3 | 0 | $19.40 | $23.80 | 95.33% | $245.00 | — | $21.10 | $24.50 | 9 | 2 |
| 2 | 4 | $16.40 | $20.40 | 90.76% | $250.00 | — | $23.20 | $27.40 | 50 | 17 |
| 2 | 2 | $15.00 | $22.20 | 100.09% | $255.00 | — | $26.50 | $31.20 | 1 | 8 |
| 16 | 1 | $13.80 | $16.50 | 92.98% | $260.00 | — | $29.50 | $33.40 | 6 | 3 |
| 20 | 1 | $12.30 | $15.00 | 93.61% | $265.00 | — | $32.50 | $39.60 | 111 | 2 |
| — | — | — | — | — | $270.00 | — | $36.50 | $39.80 | 67 | 3 |
| 4 | 4 | $7.90 | $11.80 | 89.11% | $275.00 | — | $36.60 | $49.20 | 14 | 0 |
| 11 | 3 | $7.90 | $10.30 | 91.28% | $280.00 | — | $44.00 | $47.10 | 76 | 2 |
| — | — | — | — | — | $285.00 | — | $46.20 | $51.60 | 0 | 2 |
| 9 | 31 | $5.50 | $7.70 | 88.83% | $290.00 | — | $50.30 | $60.80 | 45 | 2 |
| 4 | 12 | $4.50 | $6.90 | 88.47% | $295.00 | — | $56.00 | $61.40 | 7 | 3 |
| — | — | — | — | — | $300.00 | — | $59.90 | $65.50 | 20 | 9 |
| — | — | — | — | — | $305.00 | — | $62.50 | $73.30 | 23 | 0 |
Forward $243.80. The 25-delta put carries +9.60 volatility points over the 25-delta call.
2026-12-04(28 days)ATM 93.65%±63.02skew +11.34
| Calls | Strike | Puts | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Volume | Open int | Bid | Ask | IV | IV | Bid | Ask | Open int | Volume | |
| — | — | — | — | — | $195.00 | 97.89% | $5.40 | $8.40 | 17 | 0 |
| 1 | 0 | $38.10 | $48.10 | — | $210.00 | — | — | — | — | — |
| — | — | — | — | — | $225.00 | 95.23% | $13.90 | $19.20 | 1 | 3 |
| — | — | — | — | — | $230.00 | 97.96% | $15.30 | $23.70 | 7 | 4 |
| 0 | 1 | $26.20 | $32.50 | — | $235.00 | 93.55% | $19.00 | $22.60 | 0 | 9 |
| — | — | — | — | — | $240.00 | 91.37% | $20.10 | $25.50 | 5 | 2 |
| 92 | 11 | $22.50 | $27.00 | 96.14% | $245.00 | — | $22.80 | $30.80 | 5 | 2 |
| — | — | — | — | — | $250.00 | — | $25.50 | $30.50 | 7 | 57 |
| 0 | 2 | $18.30 | $21.20 | 92.54% | $255.00 | — | $28.80 | $36.10 | 0 | 8 |
| 0 | 3 | $14.70 | $21.90 | 93.87% | $260.00 | — | $31.90 | $37.10 | 203 | 10 |
| 0 | 1 | $12.90 | $18.30 | 89.92% | $265.00 | — | $34.30 | $46.00 | 2 | 2 |
| — | — | — | — | — | $270.00 | — | $38.00 | $45.10 | 16 | 2 |
| — | — | — | — | — | $275.00 | — | $40.90 | $45.80 | 0 | 2 |
| 42 | 63 | $8.10 | $12.70 | 85.69% | $280.00 | — | $44.90 | $53.30 | 4 | 0 |
| — | — | — | — | — | $285.00 | — | $49.00 | $55.70 | 1 | 0 |
| 4 | 1 | $6.90 | $10.00 | 86.55% | $290.00 | — | $51.50 | $58.80 | 3 | 1 |
| — | — | — | — | — | $295.00 | — | $55.90 | $68.00 | 3 | 0 |
| 42 | 5 | $5.20 | $8.60 | 87.59% | $300.00 | — | $59.90 | $72.00 | 10 | 0 |
| — | — | — | — | — | $305.00 | — | $64.10 | $74.10 | 11 | 0 |
| — | — | — | — | — | $310.00 | — | $68.30 | $79.30 | 18 | 2 |
| — | — | — | — | — | $315.00 | — | $73.40 | $82.90 | 1 | 2 |
Forward $242.94. The 25-delta put carries +11.34 volatility points over the 25-delta call.
2026-12-18(42 days)ATM 95.21%±78.96skew +8.18
| Calls | Strike | Puts | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Volume | Open int | Bid | Ask | IV | IV | Bid | Ask | Open int | Volume | |
| — | — | — | — | — | $160.00 | 108.62% | $3.70 | $5.20 | 103 | 2 |
| 0 | 1 | $79.20 | $86.40 | — | $165.00 | — | — | — | — | — |
| 0 | 1 | $75.00 | $82.20 | — | $170.00 | — | — | — | — | — |
| 0 | 2 | $69.20 | $78.40 | — | $175.00 | 107.85% | $6.00 | $8.60 | 61 | 1 |
| 0 | 2 | $65.40 | $74.20 | — | $180.00 | 103.89% | $6.90 | $8.60 | 49 | 29 |
| 0 | 2 | $61.40 | $70.20 | — | $185.00 | 102.53% | $7.90 | $9.60 | 21 | 8 |
| 0 | 1 | $57.90 | $66.30 | — | $190.00 | 102.15% | $9.30 | $10.80 | 66 | 1 |
| 0 | 10 | $53.00 | $62.90 | — | $195.00 | 100.84% | $10.30 | $12.20 | 51 | 6 |
| 7 | 36 | $53.60 | $59.10 | — | $200.00 | 100.56% | $11.90 | $13.70 | 228 | 18 |
| 0 | 10 | $44.80 | $51.20 | — | $210.00 | 99.71% | $15.20 | $17.20 | 111 | 2 |
| 1 | 4 | $41.40 | $46.10 | — | $220.00 | 98.02% | $18.70 | $21.00 | 208 | 37 |
| 0 | 28 | $36.30 | $39.80 | — | $230.00 | 98.84% | $23.00 | $26.50 | 335 | 7 |
| 18 | 19 | $32.00 | $34.90 | — | $240.00 | 95.97% | $27.20 | $30.80 | 234 | 14 |
| 21 | 24 | $27.60 | $30.50 | 95.69% | $250.00 | — | $33.30 | $36.30 | 310 | 21 |
| 2 | 9 | $23.60 | $26.40 | 95.03% | $260.00 | — | $38.90 | $44.20 | 235 | 1 |
| 7 | 84 | $20.10 | $22.60 | 94.23% | $270.00 | — | $45.00 | $48.60 | 278 | 0 |
| 3 | 15 | $17.10 | $19.70 | 94.31% | $280.00 | — | $52.10 | $56.70 | 912 | 0 |
| 3 | 202 | $14.30 | $16.60 | 93.18% | $290.00 | — | $59.20 | $62.60 | 529 | 17 |
| 5 | 48 | $11.80 | $14.10 | 92.32% | $300.00 | — | $66.70 | $71.10 | 458 | 6 |
| 0 | 380 | $9.80 | $12.30 | 92.44% | $310.00 | — | $74.30 | $78.00 | 166 | 1 |
| 65 | 199 | $8.10 | $10.20 | 91.53% | $320.00 | — | $82.50 | $89.40 | 359 | 0 |
Forward $244.47. The 25-delta put carries +8.18 volatility points over the 25-delta call.
2027-01-15(70 days)ATM 86.49%±92.54skew +5.04
| Calls | Strike | Puts | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Volume | Open int | Bid | Ask | IV | IV | Bid | Ask | Open int | Volume | |
| 0 | 57 | $84.70 | $93.60 | — | $160.00 | — | — | — | — | — |
| 0 | 54 | $80.10 | $89.80 | — | $165.00 | — | — | — | — | — |
| 0 | 27 | $76.60 | $85.80 | — | $170.00 | — | — | — | — | — |
| 0 | 56 | $73.90 | $81.70 | — | $175.00 | 93.46% | $8.80 | $10.60 | 74 | 0 |
| 0 | 56 | $69.70 | $78.00 | — | $180.00 | 93.09% | $10.30 | $11.70 | 29 | 3 |
| 0 | 27 | $66.10 | $75.80 | — | $185.00 | 92.70% | $11.70 | $13.10 | 4,320 | 4 |
| 0 | 28 | $61.40 | $70.90 | — | $190.00 | 91.47% | $12.70 | $14.60 | 127 | 0 |
| 0 | 51 | $60.10 | $67.60 | — | $195.00 | 91.26% | $14.50 | $16.10 | 62 | 52 |
| 1 | 124 | $59.10 | $63.90 | — | $200.00 | 90.70% | $16.00 | $17.90 | 151 | 22 |
| 0 | 24 | $50.20 | $58.20 | — | $210.00 | 89.70% | $19.60 | $21.60 | 57 | 5 |
| 0 | 31 | $47.50 | $51.60 | — | $220.00 | 89.44% | $23.30 | $26.60 | 673 | 0 |
| 3 | 63 | $42.40 | $46.20 | — | $230.00 | 87.43% | $28.00 | $30.10 | 345 | 18 |
| 8 | 56 | $36.60 | $41.10 | — | $240.00 | 87.88% | $32.70 | $36.40 | 154 | 0 |
| 3 | 183 | $32.30 | $36.40 | 87.11% | $250.00 | — | $38.60 | $40.90 | 261 | 51 |
| 0 | 160 | $27.90 | $32.50 | 86.24% | $260.00 | — | $44.10 | $47.90 | 183 | 11 |
| 5 | 75 | $26.30 | $28.60 | 87.79% | $270.00 | — | $50.20 | $55.50 | 229 | 28 |
| 0 | 126 | $22.70 | $25.50 | 87.11% | $280.00 | — | $56.80 | $64.00 | 284 | 2 |
| 0 | 70 | $19.60 | $22.70 | 86.59% | $290.00 | — | $64.10 | $69.10 | 335 | 1 |
| 62 | 449 | $17.20 | $19.80 | 86.08% | $300.00 | — | $70.80 | $78.80 | 216 | 2 |
| 0 | 53 | $14.40 | $17.90 | 85.61% | $310.00 | — | $77.00 | $88.60 | 250 | 0 |
| 1 | 153 | $12.70 | $15.80 | 85.66% | $320.00 | — | $85.20 | $94.90 | 197 | 10 |
Forward $244.33. The 25-delta put carries +5.04 volatility points over the 25-delta call.
2027-03-19(133 days)ATM 82.14%±121.92
| Calls | Strike | Puts | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Volume | Open int | Bid | Ask | IV | IV | Bid | Ask | Open int | Volume | |
| 0 | 1 | $87.70 | $99.20 | — | $165.00 | 89.23% | $12.60 | $15.30 | 62 | 0 |
| — | — | — | — | — | $170.00 | 89.18% | $14.00 | $17.10 | 19 | 0 |
| — | — | — | — | — | $175.00 | 89.65% | $15.50 | $19.40 | 3 | 0 |
| — | — | — | — | — | $180.00 | 88.49% | $17.30 | $20.30 | 27 | 0 |
| — | — | — | — | — | $185.00 | 88.02% | $18.90 | $22.10 | 50 | 0 |
| 0 | 2 | $71.70 | $81.00 | — | $190.00 | 88.39% | $21.00 | $24.30 | 104 | 0 |
| 0 | 24 | $68.90 | $78.00 | — | $195.00 | 88.09% | $22.90 | $26.30 | 186 | 0 |
| 0 | 5 | $64.40 | $75.00 | — | $200.00 | 87.29% | $24.80 | $28.00 | 57 | 0 |
| 0 | 1 | $60.90 | $69.50 | — | $210.00 | 86.68% | $28.80 | $32.60 | 50 | 2 |
| 0 | 109 | $55.70 | $64.30 | — | $220.00 | 85.92% | $33.20 | $37.30 | 228 | 5 |
| 0 | 2 | $53.00 | $59.00 | — | $230.00 | 85.33% | $38.00 | $42.40 | 100 | 0 |
| 0 | 5 | $47.70 | $55.00 | — | $240.00 | 85.53% | $43.30 | $48.50 | 263 | 1 |
| 1 | 9 | $43.50 | $50.80 | 84.48% | $250.00 | — | $48.80 | $53.60 | 137 | 0 |
| 0 | 9 | $39.00 | $47.30 | 83.90% | $260.00 | — | $54.90 | $57.20 | 47 | 0 |
| 0 | 21 | $35.50 | $42.10 | 82.25% | $270.00 | — | $61.20 | $65.30 | 83 | 3 |
| 3 | 10 | $32.70 | $38.50 | 82.13% | $280.00 | — | $67.30 | $72.50 | 217 | 2 |
| 0 | 9 | $31.40 | $35.40 | 83.31% | $290.00 | — | $73.90 | $81.40 | 27 | 0 |
| 0 | 18 | $28.60 | $30.80 | 81.50% | $300.00 | — | $81.40 | $85.60 | 121 | 10 |
| 0 | 26 | $26.40 | $30.20 | 83.32% | $310.00 | — | $88.30 | $96.50 | 70 | 10 |
| 0 | 16 | $22.40 | $29.10 | 82.78% | $320.00 | — | $96.20 | $101.30 | 146 | 9 |
| 3 | 12 | $21.30 | $25.40 | 82.17% | $330.00 | — | $103.20 | $112.80 | 186 | 2 |
Forward $245.89. Not enough surviving quotes on both wings to measure the skew here.
2027-04-16(161 days)ATM 81.48%±134.54
| Calls | Strike | Puts | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Volume | Open int | Bid | Ask | IV | IV | Bid | Ask | Open int | Volume | |
| — | — | — | — | — | $160.00 | 85.74% | $11.30 | $16.10 | 3 | 0 |
| — | — | — | — | — | $170.00 | 88.39% | $16.50 | $19.60 | 8 | 0 |
| 0 | 1 | $84.80 | $93.50 | — | $175.00 | 87.53% | $17.90 | $21.10 | 4 | 0 |
| — | — | — | — | — | $180.00 | 87.54% | $19.90 | $22.90 | 7 | 0 |
| — | — | — | — | — | $185.00 | 88.10% | $21.90 | $25.40 | 10 | 0 |
| 0 | 1 | $75.80 | $83.30 | — | $190.00 | 83.81% | $22.00 | $25.30 | 2 | 7 |
| — | — | — | — | — | $195.00 | 87.09% | $25.50 | $29.30 | 27 | 0 |
| 1 | 1 | $70.40 | $78.60 | — | $200.00 | 86.53% | $27.60 | $31.10 | 34 | 0 |
| — | — | — | — | — | $210.00 | 86.31% | $31.80 | $36.10 | 57 | 0 |
| 0 | 2 | $60.20 | $68.10 | — | $220.00 | 85.54% | $36.60 | $40.50 | 154 | 0 |
| 0 | 3 | $55.70 | $63.50 | — | $230.00 | 83.55% | $41.60 | $43.80 | 153 | 1 |
| — | — | — | — | — | $240.00 | 83.81% | $47.10 | $49.80 | 415 | 65 |
| 0 | 3 | $47.40 | $58.00 | 83.35% | $250.00 | — | $52.60 | $55.50 | 87 | 23 |
| 0 | 2 | $43.80 | $51.80 | 81.41% | $260.00 | — | $58.00 | $61.30 | 83 | 12 |
| 36 | 6 | $42.20 | $51.30 | 85.11% | $270.00 | — | $65.00 | $69.50 | 160 | 9 |
| 1 | 14 | $39.70 | $42.60 | 81.34% | $280.00 | — | $71.50 | $76.10 | 181 | 10 |
| 11 | 19 | $37.10 | $39.50 | 81.50% | $290.00 | — | $78.20 | $85.50 | 28 | 9 |
| 11 | 8 | $34.10 | $36.70 | 81.25% | $300.00 | — | $84.50 | $93.90 | 26 | 0 |
| 4 | 1,158 | $31.50 | $33.90 | 80.99% | $310.00 | — | $92.20 | $99.10 | 46 | 0 |
| 14 | 1,151 | $29.10 | $31.30 | 80.75% | $320.00 | — | $99.40 | $106.80 | 13 | 0 |
| 10 | 28 | $26.80 | $29.10 | 80.63% | $330.00 | — | $106.80 | $116.00 | 15 | 0 |
Forward $248.62. Not enough surviving quotes on both wings to measure the skew here.
How to read this
Calls on the left, puts on the right, the strike between them — the layout every chain uses. Each block is one expiration, and the heading carries its days to expiry, the at-the-money implied volatility, and the one-standard-deviation move that volatility implies over that time.
Only the 21 strikes nearest the forward are stored, which is the part of the board that carries the volume. The shaded side is in the money: below the forward for calls, above it for puts.
Implied volatility is shown on the out-of-the-money side only. An in-the-money option is nearly all intrinsic value quoted on a wide market, so a volatility solved from it would look authoritative and mean very little. The price is still shown, because the price is real; the blank is deliberate.