Ciena has taken a breather since its recent 25-year peak

Shares of Ciena Corporation (NYSE:CIEN) have taken a breather since their June 3 25-year high of $637.51. The stock is still up 62.1% year to date, however support emerging at the 200-day moving average and an unwinding of pessimism amongst options traders could help fuel a rebound. 

CIEN sports a 10-day put/call volume ratio of 2.01 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX…