Ciena Options Soar as Stock Price Sags

With Ciena's (CIEN Quote) stock getting whacked again Wednesday, the prices for options on the stock have exploded.

Volatility Index
Close Today	% Change
30.20	-0.63
Source: ILX

Ciena, an optical networking equipment maker, has seen its stock plummet since it was trading at all-time highs in October. On Oct. 20, it traded as high as $151 a share. On Wednesday, the stock was down $16.50, or 20%, to $67.50. Considering how big the swings in the stock are, it's no surprise that the prices for the options would be extremely high.

Put/Call Ratio
Close Today	Previous Close
0.79	0.65
Source: ILX

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