This page reflects CIEN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — CIEN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-09 shows max pain at $365.00 (26.34 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$365.00
Nearest expiry
Expected Move
±$25.25
±6.5%
Days to Expiry
7
Calendar days
Total Call OI
4,321
Nearest expiry
Total Put OI
5,123
Nearest expiry
P/C OI Ratio
1.19
Put-heavy
Spot Price
$391.34
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-09
Expiration
Max Pain Strike
Last Updated
2026-09-25
$352.50
9/25/2026, 11:09:39 PM
2026-10-02Updated
$365.00
10/2/2026, 11:07:59 PM
2026-10-09Next
$365.00
10/2/2026, 11:07:59 PM
2026-10-16
$390.00
10/2/2026, 11:07:59 PM
2026-10-23
$345.00
10/2/2026, 11:07:59 PM
2026-10-30
$350.00
10/2/2026, 11:07:59 PM
2026-11-06
$375.00
10/2/2026, 11:07:59 PM
2026-11-20
$360.00
10/2/2026, 11:07:59 PM
2026-12-18
$390.00
10/2/2026, 11:07:59 PM
2027-01-15
$360.00
10/2/2026, 11:07:59 PM
2027-03-19
$400.00
10/2/2026, 11:07:59 PM
2027-04-16
$340.00
10/2/2026, 11:07:59 PM
2027-06-17
$450.00
10/2/2026, 11:07:59 PM
Selected expiration: 2026-10-09 at max pain $365.00.
CIEN pain by strike for 2026-10-09 expiration
Strike
Call Pain
Put Pain
Total Pain
220
0
58525000
58525000
230
1000
53410000
53411000
240
3000
48297000
48300000
250
6000
43391000
43397000
260
9000
38545000
38554000
265
10500
36134500
36145000
270
12000
33735000
33747000
275
13500
31493500
31507000
280
15000
29255500
29270500
285
17000
27073000
27090000
290
19500
24939500
24959000
295
24500
22835500
22860000
300
30500
20760000
20790500
305
43500
18730500
18774000
310
58500
16734500
16793000
315
75500
14827500
14903000
320
95000
12950000
13045000
322.5
118250
12029500
12147750
325
141500
11140250
11281750
330
192000
9399250
9591250
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.