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Ciena Corporation CIEN 272.24 -27.84 -9.28%

Previous-day view · Wed Nov 4 close. You are previewing the previous trading day. Subscribe to see today live and every other date — Trader is $59/mo. Sign up Sign in

Expected move

November 04, 2026 close · $273.99
Horizon Expected move Typical range 2 in 3 closes 9 in 10 closes
Next session ±3.2% ±$8.69 $265.30 – $282.68 $263.58 – $284.40 $255.36 – $292.62
2 sessions ±4.4% ±$12.08 $261.91 – $286.07 $259.36 – $288.62 $247.96 – $300.02
3 sessions ±5.5% ±$15.21 $258.78 – $289.20 $255.85 – $292.13 $241.63 – $306.35
1 week ±7.0% ±$19.32 $254.67 – $293.31 $250.37 – $297.61 $232.84 – $315.14
2 weeks ±9.9% ±$27.10 $246.89 – $301.09 $240.45 – $307.53 $216.15 – $331.83
3 weeks ±12.3% ±$33.56 $240.43 – $307.55 $232.23 – $315.75 $203.03 – $344.95
1 month ±14.6% ±$40.00 $233.99 – $313.99 $224.07 – $323.91 $189.19 – $358.79
Size, not direction. The 68% and 90% bands held 66–68% and 89–90% of closes in held-out years 2019–2026. CIEN reports in 25 sessions; only the horizons marked Earnings include its jump. Draw the cone on the chart →

Volatility premium

Beta
The forecast is for the current session, which this plan does not open.

Earnings: priced against what happened

Average implied move
±12.66%
Average actual move
10.47%
Beyond the implied move
1 / 4
Median IV change
-36.10%
Reaction session Implied Actual Used ATM IV before → after
September 03, 2026 ±11.11% -10.36% 0.93× —
June 04, 2026 ±14.23% -13.66% 0.96× 122.4% → 86.6%
March 11, 2025 ±15.26% -2.41% 0.16× 111.3% → 63.5%
December 12, 2024 ±10.04% +15.45% 1.54× —
Reconstructed from archived mid quotes; the straddle covers its expiration, not only the reaction session. These are not option returns. Method and missing reports →