CIEN - Options Database

CIEN

CIENA CORP

$408.73 +7.91%

$409.10 (+0.09%)🌙

as of 07/21 06:03 PM

(7/21 15:05) ◀

Tuesday, July 21, 2026 (6:03pm)

▶ (7/22 15:05)

◀ 7/21 18:03 ▶

Option Volume

Detail

ℹ

Current (07/21) 9,305

Calls: 6,194 (67%)

Puts: 3,111 (33%)

Prior (07/20) 6,932

Calls: 3,873 (56%)

Puts: 3,059 (44%)

Current vs Prior +34.23%

Calls: +59.93% (Calls)

Puts: +1.70% (Puts)

Prior 7-Day Total 86,479

Calls: 35,599 (41%)

Puts: 50,880 (59%)

Prior 7-Day Average 12,354

Calls: 5,085 (41%)

Puts: 7,268 (59%)

Current vs Prior 7-Day Avg -24.68%

Calls: +21.80%

Puts: -57.20%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/21) $16.34M

Calls: $7.64M (47%)

Puts: $8.70M (53%)

Prior (07/20) $16.96M

Calls: $8.23M (49%)

Puts: $8.73M (51%)

Current vs Prior -3.67%

Calls: -7.19%

Puts: -0.36%

Prior 7-Day Total $183.19M

Calls: $76.31M (42%)

Puts: $106.88M (58%)

Prior 7-Day Average $26.17M

Calls: $10.90M (42%)

Puts: $15.27M (58%)

Current vs Prior 7-Day Avg -37.58%

Calls: -29.94%

Puts: -43.03%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (07/21) 0.50

Prior (07/20) 0.79

Current vs Prior -36.41%

Prior 7-Day Average 1.53

Current vs Prior 7-Day Avg -67.21%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (07/21) 96,717

Calls: 46,312 (48%)

Puts: 50,405 (52%)

Prior (07/20) 93,320

Calls: 44,277 (47%)

Puts: 49,043 (53%)

Current vs Prior +3.64%

Prior 7-Day Total 747,219

Calls: 364,145 (49%)

Puts: 383,074 (51%)

Prior 7-Day Average 106,745

Calls: 52,020 (49%)

Puts: 54,724 (51%)

Current vs Prior 7-Day Avg -9.39%

Sentiment BULLISH

Expected Move

Detail

ℹ

WKMO Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)

Current 8.70% | 13.32%21.98% | 32.28%

Prior 10.03% | 13.93%22.48% | 32.61%

Current vs Prior -13.30% | -4.34%-2.22% | -0.99%

Prior 7-Day Avg 8.39% | 13.03%9.01% | 24.80%

Current vs 7-Day Avg +3.65% | +2.26%+144.05% | +30.16%

Prior 7-Day Eod 10.03% | 13.93%22.48% | 32.61%

Current vs 7-Day Eod -13.30% | -4.34%-2.22% | -0.99%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 19.41% | 18.57%

Calls: 15.47% | 9.01%

Puts: 23.34% | 28.14%

Prior 18.91% | 11.55%

Calls: 19.53% | 10.06%

Puts: 18.28% | 13.04%

Current vs Prior +2.64% | +60.78%

Prior 7-Day Avg 58.15% | 16.34%

Calls: 43.81% | 15.69%

Puts: 72.48% | 16.98%

Current vs 7-Day Avg -66.62% | +13.66%

Liquidity Expensive

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Bullish P/C ratio of 0.50. P/C ratio dropping 36% - sentiment shifting bullish.

Smart Money BEARISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BEARISH

7-Day Avg BEARISH

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior NEUTRAL

7-Day Avg NEUTRAL

Current NEUTRAL

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

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⏰ Backwardation

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📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

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⚖️ Ratio Spreads

🛡️ Covered Calls

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Tightest Spreads

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Best Value <$1

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 40 of results (avg 7.9%, best 3.7%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$420.00	Aug 21	37.50	39.70	$38.60	5.7%	20	0.50	27
$430.00	Aug 21	33.60	35.60	$34.60	5.8%	--	0.47	103
$360.00	Aug 21	68.30	73.00	$70.65	6.7%	1	0.72	21
$350.00	Aug 21	74.00	80.20	$77.10	8.0%	--	0.75	90
$387.50	Aug 21	51.50	56.10	$53.80	8.6%	--	0.62	11

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$490.00	Aug 21	95.00	98.60	$96.80	3.7%	--	0.72	20
$470.00	Aug 21	80.00	83.40	$81.70	4.2%	152	0.66	14
$450.00	Aug 21	66.30	69.30	$67.80	4.4%	8	0.59	1.1K
$435.00	Aug 21	56.70	59.60	$58.15	5.0%	1	0.54	6
$480.00	Aug 14	83.80	88.90	$86.35	5.9%	--	0.71	11

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. -- found (avg $--, cheapest $--)

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 131 found (avg delta 0.68, highest 0.98)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$340.00	Jul 24	65.00	72.40	$68.70	10.8%	5	0.94	4
$330.00	Jul 24	74.00	82.70	$78.35	11.1%	5	0.94	55
$345.00	Jul 24	60.00	67.80	$63.90	12.2%	--	0.90	11
$350.00	Jul 24	56.00	63.60	$59.80	12.7%	--	0.89	65
$360.00	Jul 24	47.00	54.00	$50.50	13.9%	1	0.88	34

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$490.00	Jul 24	79.20	87.00	$83.10	9.4%	--	0.98	13
$480.00	Jul 24	69.20	77.00	$73.10	10.7%	1	0.96	9
$475.00	Jul 24	63.00	72.00	$67.50	13.3%	28	0.96	58
$470.00	Jul 24	59.00	67.00	$63.00	12.7%	4	0.93	10
$460.00	Jul 24	49.00	58.00	$53.50	16.8%	--	0.90	114

Most actively traded options today. High liquidity = easy entry/exit. 237 active (total vol 3.8K, top 439)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$480.00	Aug 21	18.10	20.60	$19.35	12.9%	179	0.31	275
$490.00	Aug 21	13.00	18.70	$15.85	36.0%	152	0.28	66
$450.00	Jul 24	0.05	3.10	$1.58	193.0%	130	0.11	92
$400.00	Jul 24	19.00	22.30	$20.65	16.0%	108	0.60	148
$422.50	Jul 24	8.00	11.10	$9.55	32.5%	104	0.38	10

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$385.00	Aug 7	19.00	26.30	$22.65	32.2%	439	0.35	12
$350.00	Aug 21	16.80	20.40	$18.60	19.4%	171	0.25	184
$360.00	Aug 21	19.80	23.60	$21.70	17.5%	155	0.28	94
$470.00	Aug 21	80.00	83.40	$81.70	4.2%	152	0.66	14
$360.00	Jul 24	1.90	4.00	$2.95	71.2%	69	0.12	81

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 76 strikes (avg 20.6%, max 75.2%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$345.00	Jul 24	Aug 21	148.2%	92.5%	60.1%	1	11
$350.00	Jul 24	Aug 21	141.8%	92.8%	52.8%	--	155
$385.00	Jul 24	Aug 21	125.4%	90.0%	39.3%	4	53
$390.00	Jul 24	Aug 21	122.7%	89.2%	37.5%	9	68
$365.00	Jul 24	Aug 28	125.7%	93.3%	34.7%	2	28

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$327.50	Jul 24	Jul 31	224.7%	128.2%	75.2%	10	276
$345.00	Jul 24	Aug 21	148.2%	92.5%	60.1%	27	29
$350.00	Jul 24	Aug 28	141.8%	96.2%	47.4%	7	115
$335.00	Jul 24	Aug 28	142.6%	97.5%	46.3%	2	86
$337.50	Jul 24	Jul 31	172.3%	118.4%	45.6%	10	69

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 184 found (best R:R 28.41, avg 2.94)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$480.00	$485.00	Jul 24	$0.17	$4.83	$0.17	28.41	$480.17
$472.50	$475.00	Jul 24	$0.15	$2.35	$0.15	15.67	$472.65
$465.00	$470.00	Aug 7	$0.30	$4.70	$0.30	15.67	$465.30
$440.00	$445.00	Jul 31	$0.35	$4.65	$0.35	13.29	$440.35
$482.50	$485.00	Jul 31	$0.20	$2.30	$0.20	11.50	$482.70

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$370.00	$365.00	Aug 14	$0.20	$4.80	$0.20	24.00	$369.80
$385.00	$382.50	Aug 7	$0.15	$2.35	$0.15	15.67	$384.85
$340.00	$335.00	Aug 14	$0.35	$4.65	$0.35	13.29	$339.65
$412.50	$410.00	Jul 24	$0.20	$2.30	$0.20	11.50	$412.30
$335.00	$330.00	Jul 31	$0.45	$4.55	$0.45	10.11	$334.55

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 252 found (best R:R 27.57, avg 1.97)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$330.00	$340.00	Jul 24	$9.65	$9.65	$0.35	27.57	$339.65
$340.00	$345.00	Jul 24	$4.80	$4.80	$0.20	24.00	$344.80
$350.00	$360.00	Jul 24	$9.30	$9.30	$0.70	13.29	$359.30
$402.50	$405.00	Jul 24	$2.25	$2.25	$0.25	9.00	$404.75
$355.00	$360.00	Aug 14	$4.50	$4.50	$0.50	9.00	$359.50

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$470.00	$460.00	Jul 24	$9.50	$9.50	$0.50	19.00	$460.50
$450.00	$447.50	Jul 24	$2.30	$2.30	$0.20	11.50	$447.70
$475.00	$470.00	Jul 24	$4.50	$4.50	$0.50	9.00	$470.50
$455.00	$450.00	Aug 21	$4.50	$4.50	$0.50	9.00	$450.50
$475.00	$465.00	Jul 31	$8.95	$8.95	$1.05	8.52	$466.05

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 81 found (avg debit $9.55, cheapest $0.88)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$490.00	Jul 24	Jul 31	$3.25	92.1%	89.6%
$485.00	Jul 24	Jul 31	$4.67	96.1%	96.5%
$480.00	Jul 24	Jul 31	$5.50	98.1%	98.6%
$355.00	Jul 31	Aug 7	$5.50	106.6%	105.7%
$475.00	Jul 24	Jul 31	$5.52	93.7%	94.8%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$327.50	Jul 24	Jul 31	$0.88	224.7%	128.2%
$350.00	Jul 24	Jul 31	$2.80	141.8%	97.0%
$337.50	Jul 24	Jul 31	$3.35	172.3%	118.4%
$490.00	Jul 24	Jul 31	$3.40	92.1%	89.6%
$465.00	Jul 31	Aug 7	$3.95	88.8%	92.8%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 102 found (cheapest 7.34% of stock, avg 16.39%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$415.00	Jul 24	$11.15	$18.85	$30.00	$385.00	$445.00	7.34%
$417.50	Jul 24	$10.15	$20.90	$31.05	$386.45	$448.55	7.60%
$420.00	Jul 24	$10.70	$21.25	$31.95	$388.05	$451.95	7.82%
$412.50	Jul 24	$14.20	$17.85	$32.05	$380.45	$444.55	7.84%
$402.50	Jul 24	$19.30	$12.95	$32.25	$370.25	$434.75	7.89%
$410.00	Jul 24	$14.85	$17.65	$32.50	$377.50	$442.50	7.95%
$405.00	Jul 24	$17.05	$15.70	$32.75	$372.25	$437.75	8.01%
$400.00	Jul 24	$20.65	$12.20	$32.85	$367.15	$432.85	8.04%
$395.00	Jul 24	$23.15	$10.05	$33.20	$361.80	$428.20	8.12%
$397.50	Jul 24	$21.50	$12.85	$34.35	$363.15	$431.85	8.40%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 5.32% of stock, avg 13.36%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$422.50	$400.00	Jul 24	$9.55	$12.20	$21.75	$378.25	$444.25
$417.50	$400.00	Jul 24	$10.15	$12.20	$22.35	$377.65	$439.85
$422.50	$402.50	Jul 24	$9.55	$12.95	$22.50	$380.00	$445.00
$420.00	$400.00	Jul 24	$10.70	$12.20	$22.90	$377.10	$442.90
$417.50	$402.50	Jul 24	$10.15	$12.95	$23.10	$379.40	$440.60
$415.00	$400.00	Jul 24	$11.15	$12.20	$23.35	$376.65	$438.35
$420.00	$402.50	Jul 24	$10.70	$12.95	$23.65	$378.85	$443.65
$415.00	$402.50	Jul 24	$11.15	$12.95	$24.10	$378.40	$439.10
$422.50	$405.00	Jul 24	$9.55	$15.70	$25.25	$379.75	$447.75
$417.50	$405.00	Jul 24	$10.15	$15.70	$25.85	$379.15	$443.35

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 283 found (best R:R 65.67, avg credit $6.13)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
350/355	370/380	Aug 7	$9.85	$0.15	65.67	$345.15	$379.85
345/348	350/360	Jul 24	$9.83	$0.17	57.82	$337.67	$359.83
385/390	415/420	Aug 14	$4.90	$0.10	49.00	$385.10	$419.90
355/358	372/378	Jul 24	$4.88	$0.12	40.67	$352.62	$377.38
335/338	362/368	Jul 31	$4.88	$0.12	40.67	$332.62	$367.38
370/380	390/400	Aug 21	$9.75	$0.25	39.00	$370.25	$399.75
340/342	345/350	Jul 24	$4.87	$0.13	37.46	$337.63	$349.87
350/355	368/370	Jul 31	$4.85	$0.15	32.33	$350.15	$372.35
335/340	355/360	Aug 14	$4.85	$0.15	32.33	$335.15	$359.85
360/362	370/380	Aug 7	$9.60	$0.40	24.00	$352.90	$379.60

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 85 found (best R:R 99.00, cheapest $0.10)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$400.00	$405.00	$410.00	Jul 31	$0.10	$4.90	49.00
$360.00	$370.00	$380.00	Aug 21	$0.25	$9.75	39.00
$390.00	$392.50	$395.00	Jul 31	$0.10	$2.40	24.00
$425.00	$430.00	$435.00	Aug 7	$0.20	$4.80	24.00
$440.00	$450.00	$460.00	Aug 21	$0.45	$9.55	21.22

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$370.00	$380.00	$390.00	Aug 21	$0.10	$9.90	99.00
$475.00	$480.00	$485.00	Jul 31	$0.10	$4.90	49.00
$360.00	$370.00	$380.00	Aug 21	$0.40	$9.60	24.00
$430.00	$440.00	$450.00	Jul 31	$0.50	$9.50	19.00
$380.00	$390.00	$400.00	Aug 21	$0.55	$9.45	17.18

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 40 found (best net $-17.00, 35 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$415.00	$450.00	1:2	Aug 28	-$17.00	$18.00
$450.00	$460.00	1:2	Jul 31	-$4.30	$5.70
$480.00	$485.00	1:2	Jul 24	-$0.16	$4.84
$450.00	$465.00	1:2	Aug 7	-$10.20	$4.80
$435.00	$450.00	1:2	Aug 7	-$10.35	$4.65

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$480.00	$440.00	1:2	Aug 14	-$29.25	$10.75
$385.00	$380.00	1:2	Jul 24	-$0.95	$4.05
$355.00	$350.00	1:2	Jul 31	-$2.70	$2.30
$345.00	$342.50	1:2	Jul 24	-$0.50	$2.00
$372.50	$370.00	1:2	Jul 24	-$0.60	$1.90

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 75 found (best yield 10.28%, avg 3.75%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$415.00	Aug 28	$42.00	0.54	1.5%	10.28%	11.81%	1	4
$410.00	Aug 21	$39.60	0.54	0.3%	9.69%	10.00%	9	382
$420.00	Aug 21	$37.50	0.50	2.8%	9.17%	11.93%	20	27
$425.00	Aug 21	$34.40	0.48	4.0%	8.42%	12.40%	1	--
$430.00	Aug 21	$33.60	0.47	5.2%	8.22%	13.42%	--	103
$415.00	Aug 14	$32.00	0.52	1.5%	7.83%	9.36%	1	5
$425.00	Aug 14	$30.30	0.48	4.0%	7.41%	11.39%	1	1
$420.00	Aug 14	$30.00	0.50	2.8%	7.34%	10.10%	3	5
$410.00	Aug 7	$29.00	0.53	0.3%	7.10%	7.41%	21	12
$415.00	Aug 7	$29.00	0.51	1.5%	7.10%	8.63%	20	4

Current 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
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Current Put/Call Breakdown

Total Calls 6,194

Total Puts 3,111

Put/Call Ratio 0.50

Net Difference 3,083

Prior's Put/Call Breakdown

Total Calls 3,873

Total Puts 3,059

Put/Call Ratio 0.79

Net Difference 814

Prior 7-Day Put/Call Summary

Total Calls 35,599

Total Puts 50,880

Average Put/Call Ratio 1.53

Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date	Calls	Puts	Ratio	Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker	Earnings Date	Days Away	Call Volume	Put Volume	IV Rank
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Option Volume

Dollar Volume

Put/Call Ratio

Open Interest

Expected Move

Relative Spread

🤖 AI Insights

📈 Options Analysis

Current 5-Minute Volume Snapshots

Prior's 5-Minute Volume Snapshots

Current Put/Call Breakdown

Prior's Put/Call Breakdown

Prior 7-Day Put/Call Summary

Daily Put/Call History (Last 7 Days)

Upcoming Earnings - 2 Weeks Prior

Upcoming Earnings - 1 Week Prior

Earnings This Week

Earnings - Day Before / Day After

Options Activity Around Earnings

Chart Title

Price — Past 7 Days

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