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Ciena Put Options Strategy: Selling the December 2028 $180 Put for Income and a Lower Entry Price

Investors considering Ciena Corp (CIEN) can sell a December 2028 cash-secured put at a $180 strike, earning a $41 premium per share (22.8% total, 9.2% annualized return). This strategy suits those willing to own CIEN at an effective $139 cost, prioritizing income over upside..

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Ciena Corporation (CIEN)