This page reflects CIEN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — CIEN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-10 shows max pain at $455.00 (32.54 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$455.00
Nearest expiry
Expected Move
±$21.60
±5.1%
Days to Expiry
8
Calendar days
Total Call OI
3,134
Nearest expiry
Total Put OI
1,987
Nearest expiry
P/C OI Ratio
0.63
Put-heavy
Spot Price
$422.46
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-10
Expiration
Max Pain Strike
Last Updated
2026-06-26
$450.00
6/26/2026, 11:08:16 PM
2026-07-02
$452.50
7/2/2026, 11:09:06 PM
2026-07-10NextUpdated
$455.00
7/3/2026, 11:08:10 PM
2026-07-17
$455.00
7/3/2026, 11:08:10 PM
2026-07-24
$460.00
7/3/2026, 11:08:10 PM
2026-07-31
$450.00
7/3/2026, 11:08:10 PM
2026-08-07
$450.00
7/3/2026, 11:08:10 PM
2026-08-21
$440.00
7/3/2026, 11:08:10 PM
2026-10-16
$470.00
7/3/2026, 11:08:10 PM
2026-12-18
$390.00
7/3/2026, 11:08:10 PM
2027-01-15
$330.00
7/3/2026, 11:08:10 PM
2027-03-19
$430.00
7/3/2026, 11:08:10 PM
2027-06-17
$460.00
7/3/2026, 11:08:10 PM
Selected expiration: 2026-07-10 at max pain $455.00.
CIEN pain by strike for 2026-07-10 expiration
Strike
Call Pain
Put Pain
Total Pain
285
0
22468000
22468000
290
0
21509500
21509500
295
0
20574000
20574000
300
0
19643000
19643000
305
500
18720500
18721000
310
1000
17832000
17833000
312.5
1250
17391000
17392250
315
1500
16965500
16967000
320
2000
16175000
16177000
322.5
2750
15784000
15786750
325
3500
15393750
15397250
327.5
4500
15004750
15009250
330
5500
14616250
14621750
332.5
6500
14229500
14236000
335
7500
13843250
13850750
337.5
9000
13458250
13467250
340
10500
13074000
13084500
345
14000
12309500
12323500
350
20000
11550500
11570500
352.5
25000
11198000
11223000
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.