$355 · Oct 2 · 30Δ
$9.20 premium · 39%/yr annualized
$CIEN
Ciena Corp · Communications · $45.4B
▲ +3.56 (+1.12%)
Ciena Corp · Communications · $45.4B
Regime trending · dealers are chasing the move.
Each wall is the strike carrying the heaviest open interest within 15% of price, call above as resistance, put below as support, pooled across all listed expirations. It is a structural positioning level, not a single expiry pin. Max pain is tracked separately.
The Read
$CIEN is in short gamma at heat 75, so dealer hedging amplifies moves rather than dampening them. The $350 put wall held yesterday, while the $410 call wall is untested yesterday. Spot sits 7.2% below the $419 flip, so the next push up could see significant leverage.
Where the market is positioned
Risk-neutral, implied by options pricing. Where the market is positioned, not a forecast.
Talk to the oracle
Free. No login. Real dealer positioning on $CIEN, scored over a year of outcomes.
$355 · Oct 2 · 30Δ
$9.20 premium · 39%/yr annualized
$295 · Oct 2 · 29Δ
$12.10 premium · 55%/yr annualized
Not investment advice · Informational only
Over the last 21 sessions · n=28
$400 put wall
held 2 sessions running
$400 put wall
broke 5.4% on 2026-08-28
Free alert
We DM you when the $350 call wall or the $300 put wall breaks. No noise, just the break.
Wall-break alerts arrive as a Discord DM. Pro gets them live, the instant the wall breaks.
Free alert
We DM you when the $350 call wall or the $300 put wall breaks.
…
Alert set
We'll DM you when the $350 call wall breaks. Rest easy.
Scored Levels
PROImplied vs Measured
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