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CIEN — Cash-Secured Put & Wheel Strategy Analysis

Price: 390.96 ATR: 26.93 📅 September 09, 2026 (47d)

CIEN wheel strategy & cash-secured put scanner. CIEN is currently trading at $390.96 and mixed signals vs moving averages (1/4 above). This page shows the live CIEN options chain across 3 expirations (2026-07-24 through 2026-08-07, DTE 1–15 days), optimized for cash-secured put and wheel strategy candidates. Next earnings: September 09, 2026 (47 days away).

Highlight criteria:   Yield% ≥ 50% | Buffer% ≥ 15% | ATR/Dist ≥ 2.5
2026-07-24
DTE 1  |  Trading days: 1
Strike Mid Bid ATR/Dist Buffer% Yield% Premium
285.00 136.10 131.20 3.94 27.1% 17430.4% 136.10
290.00 116.65 109.00 3.75 25.8% 14681.8% 116.65
295.00 94.85 91.00 3.56 24.5% 11735.7% 94.85
300.00 89.65 86.00 3.38 23.3% 10907.4% 89.65
305.00 84.60 81.00 3.19 22.0% 10124.3% 84.60
310.00 80.00 76.00 3.01 20.7% 9419.4% 80.00
315.00 74.70 71.00 2.82 19.4% 8655.7% 74.70
320.00 69.90 66.00 2.64 18.2% 7973.0% 69.90
325.00 64.75 61.00 2.45 16.9% 7271.9% 64.75
327.50 62.00 58.00 2.36 16.2% 6909.9% 62.00
330.00 59.90 56.00 2.26 15.6% 6625.3% 59.90
332.50 56.90 53.00 2.17 15.0% 6246.2% 56.90
335.00 54.95 51.00 2.08 14.3% 5987.1% 54.95
340.00 49.90 46.00 1.89 13.0% 5356.9% 49.90
342.50 47.00 43.00 1.8 12.4% 5008.8% 47.00
345.00 44.95 41.00 1.71 11.8% 4755.6% 44.95
347.50 42.00 38.00 1.61 11.1% 4411.5% 42.00
350.00 39.65 36.00 1.52 10.5% 4134.9% 39.65
352.50 37.00 33.00 1.43 9.8% 3831.2% 37.00
355.00 34.95 31.00 1.34 9.2% 3593.5% 34.95
357.50 31.95 28.00 1.24 8.6% 3262.0% 31.95
360.00 29.95 26.00 1.15 7.9% 3036.6% 29.95
362.50 27.00 23.00 1.06 7.3% 2718.6% 27.00
365.00 24.70 21.00 0.96 6.6% 2470.0% 24.70
367.50 22.00 18.00 0.87 6.0% 2185.0% 22.00
370.00 19.70 16.00 0.78 5.4% 1943.4% 19.70
372.50 17.00 13.00 0.69 4.7% 1665.8% 17.00
375.00 14.90 11.00 0.59 4.1% 1450.3% 14.90
377.50 12.00 8.00 0.5 3.4% 1160.3% 12.00
380.00 10.00 6.00 0.41 2.8% 960.5% 10.00
382.50 7.70 3.40 0.31 2.2% 734.8% 7.70
385.00 6.15 3.80 0.22 1.5% 583.1% 6.15
387.50 5.50 1.00 0.13 0.9% 518.1% 5.50
390.00 5.03 0.05 0.04 0.2% 470.8% 5.03
385.00 2.42 0.05 0.22 1.5% 229.4% 2.42
390.00 3.08 0.05 0.04 0.2% 288.3% 3.08
392.50 4.45 0.40 -0.06 -0.4% 413.8% 4.45
395.00 6.50 3.00 -0.15 -1.0% 600.6% 6.50
397.50 8.40 4.80 -0.24 -1.7% 771.3% 8.40
400.00 10.40 7.10 -0.34 -2.3% 949.0% 10.40
402.50 13.10 9.20 -0.43 -3.0% 1188.0% 13.10
405.00 15.60 12.20 -0.52 -3.6% 1405.9% 15.60
407.50 18.20 14.40 -0.61 -4.2% 1630.2% 18.20
410.00 20.55 17.10 -0.71 -4.9% 1829.5% 20.55
412.50 23.05 19.10 -0.8 -5.5% 2039.6% 23.05
415.00 25.30 21.60 -0.89 -6.1% 2225.2% 25.30
417.50 28.40 24.80 -0.99 -6.8% 2482.9% 28.40
420.00 30.75 27.50 -1.08 -7.4% 2672.3% 30.75
422.50 33.05 29.10 -1.17 -8.1% 2855.2% 33.05
425.00 35.15 31.30 -1.26 -8.7% 3018.8% 35.15
427.50 38.10 34.20 -1.36 -9.3% 3253.0% 38.10
430.00 40.60 37.20 -1.45 -10.0% 3446.3% 40.60
432.50 42.70 38.40 -1.54 -10.6% 3603.6% 42.70
435.00 45.25 41.50 -1.64 -11.3% 3796.8% 45.25
440.00 50.50 47.00 -1.82 -12.5% 4189.2% 50.50
442.50 53.10 49.20 -1.91 -13.2% 4380.0% 53.10
445.00 55.15 51.30 -2.01 -13.8% 4523.5% 55.15
447.50 58.10 54.20 -2.1 -14.5% 4738.9% 58.10
450.00 60.60 57.20 -2.19 -15.1% 4915.3% 60.60
455.00 65.35 61.70 -2.38 -16.4% 5242.4% 65.35
457.50 68.05 64.10 -2.47 -17.0% 5429.1% 68.05
460.00 70.75 67.50 -2.56 -17.7% 5613.9% 70.75
462.50 73.05 69.10 -2.66 -18.3% 5765.0% 73.05
465.00 75.60 72.20 -2.75 -18.9% 5934.2% 75.60
470.00 80.60 77.20 -2.94 -20.2% 6259.4% 80.60
475.00 85.25 81.50 -3.12 -21.5% 6550.8% 85.25
480.00 90.45 86.90 -3.31 -22.8% 6878.0% 90.45
485.00 70.75 67.00 -3.49 -24.1% 5324.5% 70.75
490.00 100.15 96.30 -3.68 -25.3% 7460.2% 100.15
495.00 105.00 101.00 -3.86 -26.6% 7742.4% 105.00
500.00 110.40 106.00 -4.05 -27.9% 8059.2% 110.40
505.00 116.25 111.00 -4.24 -29.2% 8402.2% 116.25
510.00 121.05 116.00 -4.42 -30.4% 8663.4% 121.05
515.00 126.10 121.00 -4.61 -31.7% 8937.2% 126.10
520.00 131.20 126.00 -4.79 -33.0% 9209.2% 131.20
525.00 136.15 131.00 -4.98 -34.3% 9465.7% 136.15
530.00 140.95 136.00 -5.16 -35.6% 9706.9% 140.95
532.50 143.30 138.00 -5.26 -36.2% 9822.4% 143.30
535.00 145.95 141.00 -5.35 -36.8% 9957.3% 145.95
537.50 148.20 143.00 -5.44 -37.5% 10063.8% 148.20
540.00 150.95 146.00 -5.54 -38.1% 10203.1% 150.95
542.50 153.20 148.00 -5.63 -38.8% 10307.5% 153.20
545.00 156.05 151.00 -5.72 -39.4% 10451.1% 156.05
550.00 160.90 156.00 -5.91 -40.7% 10677.9% 160.90
552.50 163.20 158.00 -6.0 -41.3% 10781.5% 163.20
555.00 166.15 161.00 -6.09 -42.0% 10927.0% 166.15
557.50 167.70 163.00 -6.19 -42.6% 10979.5% 167.70
560.00 171.10 166.00 -6.28 -43.2% 11152.1% 171.10
565.00 158.00 150.00 -6.46 -44.5% 10207.1% 158.00
570.00 181.05 176.00 -6.65 -45.8% 11593.6% 181.05
580.00 173.00 165.00 -7.02 -48.4% 10887.1% 173.00
595.00 206.05 201.00 -7.58 -52.2% 12640.0% 206.05
612.50 222.20 217.00 -8.23 -56.7% 13241.3% 222.20
615.00 225.20 219.50 -8.32 -57.3% 13365.5% 225.20
660.00 269.70 264.50 -9.99 -68.8% 14915.2% 269.70
700.00 310.60 304.50 -11.48 -79.0% 16195.6% 310.60
710.00 320.30 314.50 -11.85 -81.6% 16466.1% 320.30
770.00 349.40 343.50 -14.08 -97.0% 16562.5% 349.40
780.00 359.70 353.50 -14.45 -99.5% 16832.1% 359.70

2026-07-31
DTE 8  |  Trading days: 6
Strike Mid Bid ATR/Dist Buffer% Yield% Premium
275.00 114.95 109.90 4.31 29.7% 1907.1% 114.95
285.00 123.00 115.00 3.94 27.1% 1969.1% 123.00
290.00 100.35 96.00 3.75 25.8% 1578.8% 100.35
295.00 95.45 91.00 3.56 24.5% 1476.2% 95.45
300.00 91.00 87.00 3.38 23.3% 1384.0% 91.00
305.00 86.10 82.00 3.19 22.0% 1288.0% 86.10
310.00 81.25 77.00 3.01 20.7% 1195.8% 81.25
315.00 76.40 72.00 2.82 19.4% 1106.6% 76.40
320.00 72.00 68.00 2.64 18.2% 1026.6% 72.00
325.00 67.20 63.00 2.45 16.9% 943.4% 67.20
330.00 63.00 59.00 2.26 15.6% 871.0% 63.00
335.00 58.10 54.00 2.08 14.3% 791.3% 58.10
340.00 54.00 50.00 1.89 13.0% 724.6% 54.00
345.00 50.00 46.00 1.71 11.8% 661.2% 50.00
347.50 48.00 44.00 1.61 11.1% 630.2% 48.00
350.00 46.00 42.00 1.52 10.5% 599.6% 46.00
352.50 44.00 40.00 1.43 9.8% 569.5% 44.00
355.00 41.90 38.00 1.34 9.2% 538.5% 41.90
360.00 38.30 34.60 1.15 7.9% 485.4% 38.30
362.50 36.55 33.10 1.06 7.3% 460.0% 36.55
365.00 34.45 31.70 0.96 6.6% 430.6% 34.45
367.50 33.15 29.30 0.87 6.0% 411.6% 33.15
370.00 31.40 27.60 0.78 5.4% 387.2% 31.40
372.50 29.30 27.20 0.69 4.7% 358.9% 29.30
375.00 28.15 25.40 0.59 4.1% 342.5% 28.15
377.50 26.55 22.90 0.5 3.4% 320.9% 26.55
380.00 24.65 21.70 0.41 2.8% 296.0% 24.65
385.00 22.10 20.30 0.22 1.5% 261.9% 22.10
387.50 21.20 19.30 0.13 0.9% 249.6% 21.20
390.00 20.80 17.80 0.04 0.2% 243.3% 20.80
392.50 17.95 15.70 -0.06 -0.4% 208.7% 17.95
395.00 17.60 15.10 -0.15 -1.0% 203.3% 17.60
400.00 16.50 13.60 -0.34 -2.3% 188.2% 16.50
405.00 13.30 12.00 -0.52 -3.6% 149.8% 13.30
407.50 12.35 10.60 -0.61 -4.2% 138.3% 12.35
410.00 11.60 10.20 -0.71 -4.9% 129.1% 11.60
412.50 12.25 9.50 -0.8 -5.5% 135.5% 12.25
415.00 9.50 8.10 -0.89 -6.1% 104.4% 9.50
417.50 9.55 7.20 -0.99 -6.8% 104.4% 9.55
420.00 8.70 5.90 -1.08 -7.4% 94.5% 8.70
422.50 7.85 6.80 -1.17 -8.1% 84.8% 7.85
425.00 7.65 5.80 -1.26 -8.7% 82.1% 7.65
430.00 6.50 5.00 -1.45 -10.0% 69.0% 6.50
432.50 6.60 4.70 -1.54 -10.6% 69.6% 6.60
435.00 5.65 1.30 -1.64 -11.3% 59.3% 5.65
440.00 4.55 3.30 -1.82 -12.5% 47.2% 4.55
442.50 4.70 3.20 -1.91 -13.2% 48.5% 4.70
445.00 3.68 2.85 -2.01 -13.8% 37.7% 3.68
447.50 3.68 2.55 -2.1 -14.5% 37.5% 3.68
450.00 3.00 2.70 -2.19 -15.1% 30.4% 3.00
452.50 5.40 2.10 -2.29 -15.7% 54.4% 5.40
455.00 3.00 1.90 -2.38 -16.4% 30.1% 3.00
457.50 4.90 1.70 -2.47 -17.0% 48.9% 4.90
460.00 3.02 1.55 -2.56 -17.7% 30.0% 3.02
462.50 3.18 1.35 -2.66 -18.3% 31.4% 3.18
465.00 1.82 0.05 -2.75 -18.9% 17.9% 1.82
470.00 2.02 0.95 -2.94 -20.2% 19.6% 2.02
472.50 5.38 0.75 -3.03 -20.9% 51.9% 5.38
475.00 1.65 0.65 -3.12 -21.5% 15.8% 1.65
477.50 5.25 0.50 -3.21 -22.1% 50.2% 5.25
480.00 1.40 0.50 -3.31 -22.8% 13.3% 1.40
482.50 1.60 0.35 -3.4 -23.4% 15.1% 1.60
485.00 1.28 0.35 -3.49 -24.1% 12.0% 1.28
487.50 1.48 0.30 -3.59 -24.7% 13.9% 1.48
490.00 0.78 0.25 -3.68 -25.3% 7.3% 0.78
492.50 1.25 0.20 -3.77 -26.0% 11.6% 1.25
495.00 1.02 0.05 -3.86 -26.6% 9.4% 1.02
500.00 0.62 0.40 -4.05 -27.9% 5.7% 0.62
510.00 1.32 0.15 -4.42 -30.4% 11.8% 1.32
525.00 0.88 0.10 -4.98 -34.3% 7.6% 0.88
532.50 2.32 0.05 -5.26 -36.2% 19.9% 2.32
290.00 0.72 0.15 3.75 25.8% 11.3% 0.72
295.00 2.43 0.45 3.56 24.5% 37.6% 2.43
300.00 1.20 0.50 3.38 23.3% 18.2% 1.20
302.50 1.62 0.05 3.29 22.6% 24.4% 1.62
305.00 5.05 0.10 3.19 22.0% 75.5% 5.05
310.00 1.60 1.00 3.01 20.7% 23.5% 1.60
312.50 1.32 0.50 2.91 20.1% 19.3% 1.32
317.50 1.52 0.55 2.73 18.8% 21.8% 1.52
320.00 1.78 1.10 2.64 18.2% 25.4% 1.78
322.50 2.35 0.50 2.54 17.5% 33.2% 2.35
325.00 2.68 1.45 2.45 16.9% 37.6% 2.68
327.50 2.38 0.45 2.36 16.2% 33.2% 2.38
330.00 2.33 1.65 2.26 15.6% 32.2% 2.33
332.50 3.50 1.70 2.17 15.0% 48.0% 3.50
335.00 3.75 0.30 2.08 14.3% 51.1% 3.75
337.50 4.45 3.10 1.99 13.7% 60.2% 4.45
340.00 4.05 3.70 1.89 13.0% 54.3% 4.05
342.50 3.75 1.60 1.8 12.4% 50.0% 3.75
345.00 3.88 2.75 1.71 11.8% 51.3% 3.88
347.50 5.25 3.80 1.61 11.1% 68.9% 5.25
350.00 5.65 4.60 1.52 10.5% 73.7% 5.65
352.50 6.55 5.40 1.43 9.8% 84.8% 6.55
355.00 5.40 2.60 1.34 9.2% 69.4% 5.40
357.50 9.00 6.00 1.24 8.6% 114.9% 9.00
360.00 8.25 7.00 1.15 7.9% 104.6% 8.25
362.50 10.90 7.80 1.06 7.3% 137.2% 10.90
365.00 9.40 8.30 0.96 6.6% 117.5% 9.40
370.00 11.05 9.90 0.78 5.4% 136.3% 11.05
372.50 13.85 10.70 0.69 4.7% 169.6% 13.85
375.00 14.25 11.70 0.59 4.1% 173.4% 14.25
380.00 14.70 13.40 0.41 2.8% 176.5% 14.70
385.00 18.30 15.20 0.22 1.5% 216.9% 18.30
387.50 19.75 16.50 0.13 0.9% 232.5% 19.75
390.00 19.85 17.50 0.04 0.2% 232.2% 19.85
395.00 22.55 20.40 -0.15 -1.0% 260.5% 22.55
400.00 25.55 22.80 -0.34 -2.3% 291.4% 25.55
402.50 26.95 24.30 -0.43 -3.0% 305.5% 26.95
405.00 28.25 25.90 -0.52 -3.6% 318.2% 28.25
407.50 29.60 27.30 -0.61 -4.2% 331.4% 29.60
410.00 31.40 28.90 -0.71 -4.9% 349.4% 31.40
412.50 32.85 30.40 -0.8 -5.5% 363.3% 32.85
415.00 35.50 32.00 -0.89 -6.1% 390.3% 35.50
420.00 38.25 36.00 -1.08 -7.4% 415.5% 38.25
425.00 42.45 38.00 -1.26 -8.7% 455.7% 42.45
427.50 44.45 40.00 -1.36 -9.3% 474.4% 44.45
430.00 47.05 43.10 -1.45 -10.0% 499.2% 47.05
435.00 50.60 46.30 -1.64 -11.3% 530.7% 50.60
440.00 54.95 50.90 -1.82 -12.5% 569.8% 54.95
445.00 58.85 54.70 -2.01 -13.8% 603.4% 58.85
447.50 61.00 57.00 -2.1 -14.5% 621.9% 61.00
450.00 63.80 59.60 -2.19 -15.1% 646.9% 63.80
452.50 65.50 61.00 -2.29 -15.7% 660.4% 65.50
455.00 67.80 63.60 -2.38 -16.4% 679.9% 67.80
460.00 72.65 68.30 -2.56 -17.7% 720.6% 72.65
462.50 75.00 71.00 -2.66 -18.3% 739.9% 75.00
465.00 77.05 73.10 -2.75 -18.9% 756.0% 77.05
470.00 81.75 77.50 -2.94 -20.2% 793.6% 81.75
475.00 86.65 82.30 -3.12 -21.5% 832.3% 86.65
480.00 91.00 87.00 -3.31 -22.8% 865.0% 91.00
485.00 96.00 92.00 -3.49 -24.1% 903.1% 96.00
490.00 101.00 97.00 -3.68 -25.3% 940.4% 101.00
495.00 105.50 101.00 -3.86 -26.6% 972.4% 105.50
500.00 110.65 106.00 -4.05 -27.9% 1009.7% 110.65
502.50 112.85 108.00 -4.14 -28.5% 1024.6% 112.85
510.00 120.55 116.00 -4.42 -30.4% 1078.4% 120.55
520.00 131.65 126.00 -4.79 -33.0% 1155.1% 131.65
525.00 136.50 131.00 -4.98 -34.3% 1186.2% 136.50
530.00 141.50 136.00 -5.16 -35.6% 1218.1% 141.50
540.00 150.45 146.00 -5.54 -38.1% 1271.2% 150.45
545.00 156.50 151.00 -5.72 -39.4% 1310.1% 156.50
550.00 161.50 156.00 -5.91 -40.7% 1339.7% 161.50
560.00 170.45 166.00 -6.28 -43.2% 1388.7% 170.45
565.00 176.50 171.00 -6.46 -44.5% 1425.3% 176.50
570.00 181.45 176.00 -6.65 -45.8% 1452.4% 181.45
575.00 185.45 181.00 -6.84 -47.1% 1471.5% 185.45
580.00 191.45 186.00 -7.02 -48.4% 1506.0% 191.45
595.00 206.50 201.00 -7.58 -52.2% 1583.5% 206.50
600.00 194.15 187.40 -7.76 -53.5% 1476.3% 194.15
605.00 215.70 209.50 -7.95 -54.7% 1626.7% 215.70
635.00 245.70 239.50 -9.06 -62.4% 1765.4% 245.70
645.00 255.75 249.50 -9.43 -65.0% 1809.1% 255.75
660.00 240.60 233.50 -9.99 -68.8% 1663.2% 240.60

2026-08-07
DTE 15  |  Trading days: 11
Strike Mid Bid ATR/Dist Buffer% Yield% Premium
270.00 122.55 116.10 4.49 30.9% 1104.5% 122.55
290.00 102.50 98.00 3.75 25.8% 860.1% 102.50
295.00 98.50 94.00 3.56 24.5% 812.5% 98.50
300.00 93.40 89.00 3.38 23.3% 757.6% 93.40
305.00 89.05 85.00 3.19 22.0% 710.5% 89.05
315.00 80.00 76.00 2.82 19.4% 618.0% 80.00
320.00 75.85 72.00 2.64 18.2% 576.8% 75.85
325.00 71.50 67.00 2.45 16.9% 535.3% 71.50
330.00 67.30 63.00 2.26 15.6% 496.3% 67.30
335.00 63.50 59.00 2.08 14.3% 461.2% 63.50
340.00 59.50 55.00 1.89 13.0% 425.8% 59.50
345.00 55.50 51.00 1.71 11.8% 391.4% 55.50
350.00 51.95 47.00 1.52 10.5% 361.2% 51.95
355.00 48.45 44.00 1.34 9.2% 332.1% 48.45
360.00 46.05 42.10 1.15 7.9% 311.3% 46.05
365.00 40.85 37.70 0.96 6.6% 272.3% 40.85
370.00 38.35 35.90 0.78 5.4% 252.2% 38.35
375.00 34.75 32.10 0.59 4.1% 225.5% 34.75
380.00 33.85 30.70 0.41 2.8% 216.8% 33.85
382.50 31.25 29.00 0.31 2.2% 198.8% 31.25
390.00 27.45 25.40 0.04 0.2% 171.3% 27.45
395.00 26.20 22.40 -0.15 -1.0% 161.4% 26.20
400.00 22.90 20.80 -0.34 -2.3% 139.3% 22.90
402.50 21.30 19.30 -0.43 -3.0% 128.8% 21.30
405.00 21.90 18.70 -0.52 -3.6% 131.6% 21.90
410.00 18.65 17.00 -0.71 -4.9% 110.7% 18.65
415.00 18.00 15.30 -0.89 -6.1% 105.5% 18.00
420.00 15.30 13.80 -1.08 -7.4% 88.6% 15.30
425.00 14.25 12.70 -1.26 -8.7% 81.6% 14.25
430.00 14.15 11.40 -1.45 -10.0% 80.1% 14.15
435.00 12.70 10.30 -1.64 -11.3% 71.0% 12.70
440.00 12.10 9.30 -1.82 -12.5% 66.9% 12.10
445.00 9.70 8.10 -2.01 -13.8% 53.0% 9.70
450.00 7.90 5.20 -2.19 -15.1% 42.7% 7.90
455.00 7.75 5.80 -2.38 -16.4% 41.4% 7.75
460.00 6.95 6.10 -2.56 -17.7% 36.8% 6.95
465.00 6.65 5.50 -2.75 -18.9% 34.8% 6.65
470.00 5.50 5.00 -2.94 -20.2% 28.5% 5.50
475.00 5.20 3.30 -3.12 -21.5% 26.6% 5.20
480.00 3.95 3.30 -3.31 -22.8% 20.0% 3.95
485.00 5.30 2.00 -3.49 -24.1% 26.6% 5.30
490.00 5.65 2.90 -3.68 -25.3% 28.1% 5.65
495.00 4.65 1.70 -3.86 -26.6% 22.9% 4.65
500.00 3.32 1.45 -4.05 -27.9% 16.2% 3.32
505.00 3.20 1.00 -4.24 -29.2% 15.4% 3.20
510.00 2.55 0.40 -4.42 -30.4% 12.2% 2.55
515.00 4.88 1.35 -4.61 -31.7% 23.1% 4.88
520.00 3.68 0.95 -4.79 -33.0% 17.2% 3.68
525.00 4.72 0.95 -4.98 -34.3% 21.9% 4.72
530.00 3.65 1.00 -5.16 -35.6% 16.8% 3.65
535.00 3.32 0.15 -5.35 -36.8% 15.1% 3.32
540.00 4.08 0.75 -5.54 -38.1% 18.4% 4.08
545.00 4.62 0.45 -5.72 -39.4% 20.6% 4.62
550.00 4.20 0.10 -5.91 -40.7% 18.6% 4.20
555.00 3.20 0.60 -6.09 -42.0% 14.0% 3.20
560.00 1.72 0.05 -6.28 -43.2% 7.5% 1.72
565.00 1.72 0.05 -6.46 -44.5% 7.4% 1.72
570.00 5.05 0.10 -6.65 -45.8% 21.6% 5.05
575.00 2.52 0.05 -6.84 -47.1% 10.7% 2.52
595.00 1.08 0.05 -7.58 -52.2% 4.4% 1.08
260.00 1.15 0.10 4.86 33.5% 10.8% 1.15
270.00 1.58 0.45 4.49 30.9% 14.2% 1.58
280.00 1.92 0.85 4.12 28.4% 16.7% 1.92
285.00 2.02 1.50 3.94 27.1% 17.2% 2.02
290.00 3.32 1.15 3.75 25.8% 27.9% 3.32
295.00 5.35 1.40 3.56 24.5% 44.1% 5.35
300.00 3.47 2.15 3.38 23.3% 28.1% 3.47
305.00 3.08 2.05 3.19 22.0% 24.6% 3.08
310.00 3.85 3.20 3.01 20.7% 30.2% 3.85
315.00 4.70 2.20 2.82 19.4% 36.3% 4.70
320.00 5.45 2.70 2.64 18.2% 41.4% 5.45
325.00 6.15 5.10 2.45 16.9% 46.0% 6.15
330.00 7.50 5.30 2.26 15.6% 55.3% 7.50
335.00 8.20 6.60 2.08 14.3% 59.6% 8.20
340.00 10.00 7.60 1.89 13.0% 71.6% 10.00
345.00 10.75 8.70 1.71 11.8% 75.8% 10.75
350.00 11.65 9.60 1.52 10.5% 81.0% 11.65
355.00 14.45 11.60 1.34 9.2% 99.0% 14.45
360.00 14.45 13.00 1.15 7.9% 97.7% 14.45
362.50 15.30 13.80 1.06 7.3% 102.7% 15.30
365.00 16.10 14.60 0.96 6.6% 107.3% 16.10
370.00 17.95 16.30 0.78 5.4% 118.0% 17.95
375.00 19.95 18.10 0.59 4.1% 129.5% 19.95
377.50 20.90 19.30 0.5 3.4% 134.7% 20.90
380.00 21.70 20.10 0.41 2.8% 139.0% 21.70
382.50 21.90 19.00 0.31 2.2% 139.3% 21.90
385.00 24.55 22.70 0.22 1.5% 155.2% 24.55
387.50 25.60 24.00 0.13 0.9% 160.8% 25.60
390.00 27.10 24.80 0.04 0.2% 169.1% 27.10
392.50 28.20 25.90 -0.06 -0.4% 174.8% 28.20
395.00 30.70 27.40 -0.15 -1.0% 189.1% 30.70
400.00 32.60 30.40 -0.34 -2.3% 198.3% 32.60
402.50 33.65 31.70 -0.43 -3.0% 203.4% 33.65
405.00 34.75 31.00 -0.52 -3.6% 208.8% 34.75
410.00 38.25 36.20 -0.71 -4.9% 227.0% 38.25
415.00 40.70 37.00 -0.89 -6.1% 238.6% 40.70
420.00 45.20 42.50 -1.08 -7.4% 261.9% 45.20
425.00 49.50 46.00 -1.26 -8.7% 283.4% 49.50
430.00 52.20 49.00 -1.45 -10.0% 295.4% 52.20
435.00 55.65 53.40 -1.64 -11.3% 311.3% 55.65
440.00 60.90 56.80 -1.82 -12.5% 336.8% 60.90
445.00 64.85 60.70 -2.01 -13.8% 354.6% 64.85
450.00 68.85 64.70 -2.19 -15.1% 372.3% 68.85
455.00 72.70 68.40 -2.38 -16.4% 388.8% 72.70
460.00 77.00 73.00 -2.56 -17.7% 407.3% 77.00
465.00 81.25 77.50 -2.75 -18.9% 425.2% 81.25
470.00 86.05 82.10 -2.94 -20.2% 445.5% 86.05
475.00 89.50 85.00 -3.12 -21.5% 458.5% 89.50
480.00 94.50 90.00 -3.31 -22.8% 479.1% 94.50
485.00 98.50 94.00 -3.49 -24.1% 494.2% 98.50
490.00 103.55 99.10 -3.68 -25.3% 514.2% 103.55
495.00 108.95 103.00 -3.86 -26.6% 535.6% 108.95
500.00 113.50 108.00 -4.05 -27.9% 552.4% 113.50
510.00 121.30 115.00 -4.42 -30.4% 578.8% 121.30
525.00 137.75 132.00 -4.98 -34.3% 638.5% 137.75
535.00 147.40 142.00 -5.35 -36.8% 670.4% 147.40
540.00 152.00 146.00 -5.54 -38.1% 684.9% 152.00
555.00 166.90 161.00 -6.09 -42.0% 731.8% 166.90
560.00 171.95 166.00 -6.28 -43.2% 747.2% 171.95
580.00 191.90 186.00 -7.02 -48.4% 805.1% 191.90
585.00 196.50 191.00 -7.21 -49.6% 817.4% 196.50
590.00 201.50 196.00 -7.39 -50.9% 831.0% 201.50
615.00 226.25 219.50 -8.32 -57.3% 895.2% 226.25
650.00 261.00 254.50 -9.62 -66.3% 977.1% 261.00
675.00 285.90 279.50 -10.55 -72.7% 1030.7% 285.90

CIEN — Cash-Secured Put & Wheel Strategy FAQ

What is the best CIEN cash-secured put strike today?

OptionSpeed's scanner highlights CIEN strikes that meet our three filters: annualized yield ≥ 50%, downside buffer ≥ 15%, and ATR/Distance ratio ≥ 2.5. Stars on this page mark strikes currently in our Super Stocks cache. As of this snapshot, the highest-yielding CSP candidate on CIEN is the $360.00 strike at 485.4% annualized.

Is CIEN a good wheel strategy stock right now?

CIEN is trading at $390.96 with an ATR of $26.93. CIEN is mixed signals vs moving averages (1/4 above). Next earnings report is September 09, 2026 (47 days away). Earnings is far enough out that current premiums reflect normal implied volatility.

How much capital do I need to sell a CIEN cash-secured put?

Cash-secured puts require you to hold enough cash to buy 100 shares at the strike price if assigned. For a $360.00 strike on CIEN, you need $36,000 in cash per contract. Strikes closer to the current $390.96 price require more capital but offer higher premiums and lower assignment probability.

What does the wheel strategy look like on CIEN?

The wheel on CIEN follows three steps: (1) sell a CSP at a strike you'd be comfortable owning CIEN at; (2) if assigned, you own 100 shares at the strike price; (3) sell covered calls against those shares to collect premium while waiting for the call to expire worthless or the stock to be called away. OptionSpeed tracks every step so you can see your rolling premium and realized P&L.

Should I close my CIEN CSP before earnings?

Most wheel traders close or roll CSPs 1–2 days before earnings because implied volatility typically collapses after the announcement (IV crush). The premium you collected is largely an upfront payment for accepting that volatility risk. Holding through earnings exposes you to gap risk — even if your strike isn't breached, the IV drop alone can wipe out most of your collected premium.

What's a good buffer percentage for CIEN puts?

Buffer percentage measures how far the strike is below the current stock price. For CIEN at $390.96, a strike at $360.00 gives the largest downside buffer in our current chain. OptionSpeed flags strikes with ≥15% buffer as wheel-quality candidates. Lower buffer = higher premium but higher assignment probability.

See also: cash-secured put primer · wheel strategy guide · today's Super Stocks picks · all 686 tickers