CIEN options flow: unusual options activity in Ciena Corp.

Updated 28 September 2026, 09:54 ET

Over the last week the tape recorded 289 unusual options prints in Ciena Corp. (CIEN), $30.1M of tracked premium, close to even between bullish and bearish premium. Bullish premium was $12.7M against $11.8M bearish; $24.1M went into calls and $6.0M into puts, a put call ratio of 0.25. The largest print was $2.6M of CIEN 15 Dec 2028 $720 calls on 24 September 2026, executed at bid. The last session with prints, 28 September 2026, added 3 prints and $236K of premium. CIEN closed at $356.91 on 25 September 2026, down 0.4%.

This week's unusual flow

Prints from 21 September 2026 to 28 September 2026, 6 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.

Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.

Largest prints of the week

Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.

Where the money is aimed

The most premium, $13.3M, is aimed at the 15 Dec 2028 expiry; the nearest expiry with unusual prints is 9 Oct 2026.

A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.

The last session, 28 September 2026

Every print in CIEN with its full detail, the live tape, one tap filters and saved screeners: open CIEN in Options Sentiment Screener.

Price

The live quote and the price chart sit beside the ticker's flow in the app: open CIEN in Options Sentiment Screener.

Analysts

The most recent analyst targets on file, from 15 firms, have a median of $525, 47.1% above the last close. The last 90 days brought 2 upgrades.

Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.

About Ciena Corp.

Exchange

NYSE

Sector

Information Technology

Industry

Electronic Equipment

Headquarters

Hanover, Maryland

Website

ciena.com

Ciena Corporation provides network hardware, software, and services that support the transport, routing, switching, aggregation, service delivery, and management of video, data, and voice traffic on communications networks. The company's Networking Platforms segment offers hardware networking products and solutions that optimized for the convergence of coherent optical transport, optical transport network switching, and packet switching. This segment also sells operating system software and enhanced software features embedded in each of its products.

In the same sector

Flow pages for other Information Technology names in the S&P 500:

NVDA NVIDIA Corp.AAPL Apple Inc.MSFT Microsoft Corp.AVGO Broadcom Inc.MU Micron Technology Inc.AMD Advanced Micro Devices Inc.INTC Intel Corp.PLTR Palantir Technologies Inc.

Learn

• What unusual options activity means
• Reading one ticker's flow
• Sweeps, blocks and where a trade printed
• Size versus open interest
• Bullish or bearish, how a print's sentiment is inferred
• The conviction score and whale prints