Quantchabot has detected a new Bull Call Spread trade opportunity for CIENA CORPORTION (CIEN) for the 27-Feb-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
CIEN was recently trading at $358.91 and has an implied volatility of 85.22% for this period. Based on an analysis of the options available for CIEN expiring on 27-Feb-2026, there is a 35.15% likelihood that the underlying will close within the analyzed range of $359.01-$385.81 at expiration. In this scenario, the average linear return for the trade would be 10.00%.
52 week high: CIENA CORPORTION recently reached a new 52-week high at $365.90. CIEN had traded in the range $49.21-$346.55 over the past year.
Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if CIEN maintains its current direction and does not revert back to pricing on the bearish side of $358.91 on 27-Feb-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if CIENA CORPORTION closes at or above $354.80 on 27-Feb-2026. Based on our risk-neutral analysis, there is a 56.77% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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