CIEN gamma levels.

Where CIEN tends to stick and where it slips: the call wall, put wall, gamma flip and Volt, 15-minute delayed and free.

• CIEN $405.01 · down 9.95% on the day · positive gamma overall (moves grind and levels hold)
• Levels: ★ Volt, the biggest level 417.5 (above price · 12.49 / 3.08% away); ↯ Surge, live flow 425 (above price · 19.99 / 4.94% away); ‖ call wall — sticky, but below price · not a ceiling from here 400 (below price · 5.01 / 1.24% away); ‖ put wall — slippery, but above price · not a floor from here 417.5 (above price · 12.49 / 3.08% away); ⚡ gamma flip 388.8 (below price · 16.21 / 4.00% away); ↘ Reversal 400 (below price · 5.01 / 1.24% away)
• Expected move today ±38.1
• Strikes nearest the money (high to low): 412.5 negative, 410 negative, 407.5 negative, 405 positive, 402.5 negative, 400 positive
• Weekly magnet confluence: the next 4 weekly expirations put their biggest positive-gamma level above price (agreement of positioning, not a prediction).
• Since yesterday's close, positioning grew at 400, 410, 417.5 and faded at 450, 460, 500.
• ATM implied volatility 75.8%