CIEN - Options Database

CIEN

CIENA CORP

$397.16 -2.83%

$402.12 (+1.25%)🌙

as of 07/22 06:13 PM

(7/22 15:05) ◀

Wednesday, July 22, 2026 (6:13pm)

▶ (7/23 15:42)

◀ 7/22 18:13 ▶

Option Volume

Detail

ℹ

Current (07/22) 4,696

Calls: 3,405 (73%)

Puts: 1,291 (27%)

Prior (07/21) 9,305

Calls: 6,194 (67%)

Puts: 3,111 (33%)

Current vs Prior -49.53%

Calls: -45.03% (Calls)

Puts: -58.50% (Puts)

Prior 7-Day Total 81,383

Calls: 35,357 (43%)

Puts: 46,026 (57%)

Prior 7-Day Average 11,626

Calls: 5,051 (43%)

Puts: 6,575 (57%)

Current vs Prior 7-Day Avg -59.61%

Calls: -32.59%

Puts: -80.37%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/22) $5.87M

Calls: $3.45M (59%)

Puts: $2.42M (41%)

Prior (07/21) $16.34M

Calls: $7.64M (47%)

Puts: $8.70M (53%)

Current vs Prior -64.06%

Calls: -54.81%

Puts: -72.17%

Prior 7-Day Total $164.79M

Calls: $69.42M (42%)

Puts: $95.36M (58%)

Prior 7-Day Average $23.54M

Calls: $9.92M (42%)

Puts: $13.62M (58%)

Current vs Prior 7-Day Avg -75.06%

Calls: -65.20%

Puts: -82.23%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/22) 0.38

Prior (07/21) 0.50

Current vs Prior -24.51%

Prior 7-Day Average 1.43

Current vs Prior 7-Day Avg -73.43%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (07/22) 28,469

Calls: 11,717 (41%)

Puts: 16,752 (59%)

Prior (07/21) 96,717

Calls: 46,312 (48%)

Puts: 50,405 (52%)

Current vs Prior -70.56%

Prior 7-Day Total 734,516

Calls: 353,910 (48%)

Puts: 380,606 (52%)

Prior 7-Day Average 104,930

Calls: 50,558 (48%)

Puts: 54,372 (52%)

Current vs Prior 7-Day Avg -72.87%

Sentiment BULLISH

Expected Move

Detail

ℹ

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

Current 7.08% | 12.93%21.25% | 32.07%

Prior 8.70% | 13.32%21.98% | 32.28%

Current vs Prior -18.65% | -2.95%-3.33% | -0.67%

Prior 7-Day Avg 8.31% | 13.14%10.83% | 26.04%

Current vs 7-Day Avg -14.87% | -1.63%+96.31% | +23.12%

Prior 7-Day Eod 8.70% | 13.32%21.98% | 32.28%

Current vs 7-Day Eod -18.65% | -2.95%-3.33% | -0.67%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 22.54% | 16.00%

Calls: 24.22% | 17.36%

Puts: 20.85% | 14.63%

Prior 19.41% | 18.57%

Calls: 15.47% | 9.01%

Puts: 23.34% | 28.14%

Current vs Prior +16.13% | -13.84%

Prior 7-Day Avg 44.77% | 16.70%

Calls: 37.10% | 15.17%

Puts: 52.44% | 18.24%

Current vs 7-Day Avg -49.65% | -4.21%

Liquidity Expensive

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🤖 AI Insights

Light premium activity with dollar volume down 64% vs prior. Below-average activity with volume down 50% vs prior. Extreme bullish P/C ratio of 0.38 - heavy call buying (3,405 calls vs 1,291 puts). P/C ratio dropping 25% - sentiment shifting bullish.

Smart Money BULLISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BEARISH

7-Day Avg BEARISH

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

📈 Options Analysis

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🔥 High Volume

⏰ Backwardation

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📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

🦅 Iron Condors

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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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Ratio Spreads

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 6 of results (avg 8.2%, best 6.2%)

CALLS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$385.00	Aug 21	46.70	50.10	$48.40	7.0%	10	0.62	11
$330.00	Aug 21	79.80	88.00	$83.90	9.8%	10	0.81	1

PUTS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$450.00	Aug 21	70.40	74.90	$72.65	6.2%	1	0.64	--
$430.00	Aug 21	56.70	61.00	$58.85	7.3%	2	0.57	--
$390.00	Aug 14	30.60	33.60	$32.10	9.3%	1	0.42	--
$350.00	Aug 21	18.20	20.00	$19.10	9.4%	128	0.26	319

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. 39 found (avg delta 0.64, highest 0.90)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$330.00	Aug 21	79.80	88.00	$83.90	9.8%	10	0.81	1
$377.50	Jul 24	23.90	31.00	$27.45	25.9%	6	0.75	14
$350.00	Aug 28	70.00	78.90	$74.45	12.0%	2	0.73	7
$382.50	Jul 24	19.00	25.50	$22.25	29.2%	2	0.71	72
$360.00	Aug 21	59.10	68.00	$63.55	14.0%	10	0.71	21

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$440.00	Jul 24	39.00	46.00	$42.50	16.5%	3	0.90	21
$430.00	Jul 24	30.00	37.20	$33.60	21.4%	1	0.84	--
$435.00	Jul 24	35.00	41.60	$38.30	17.2%	2	0.81	--
$450.00	Jul 31	55.10	62.80	$58.95	13.1%	2	0.76	34
$450.00	Aug 7	60.00	69.00	$64.50	14.0%	2	0.71	--

Most actively traded options today. High liquidity = easy entry/exit. 146 active (total vol 1.0K, top 128)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$430.00	Jul 24	0.90	4.20	$2.55	129.4%	34	0.16	140
$450.00	Jul 31	7.10	9.40	$8.25	27.9%	33	0.24	57
$402.50	Jul 24	9.60	12.90	$11.25	29.3%	32	0.46	12
$475.00	Jul 31	2.70	7.30	$5.00	92.0%	31	0.16	95
$450.00	Jul 24	0.00	1.75	$0.88	198.9%	23	0.07	199

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$350.00	Aug 21	18.20	20.00	$19.10	9.4%	128	0.26	319
$357.50	Jul 24	0.05	5.00	$2.53	195.7%	50	0.13	22
$390.00	Jul 24	5.00	10.70	$7.85	72.6%	38	0.38	107
$380.00	Jul 24	5.50	9.40	$7.45	52.3%	26	0.30	90
$400.00	Jul 24	11.30	15.60	$13.45	32.0%	22	0.51	87

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 41 strikes (avg 30.0%, max 107.2%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$425.00	Jul 24	Aug 28	136.6%	87.9%	55.4%	3	60
$435.00	Jul 24	Aug 28	132.6%	90.6%	46.3%	6	62
$475.00	Jul 24	Aug 7	138.6%	95.6%	45.1%	7	158
$470.00	Jul 24	Aug 28	126.1%	87.8%	43.6%	14	133
$420.00	Jul 24	Aug 21	128.4%	92.6%	38.7%	8	114

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$320.00	Jul 24	Aug 21	198.7%	95.9%	107.2%	6	86
$335.00	Jul 24	Aug 21	164.7%	96.5%	70.7%	7	74
$365.00	Jul 24	Aug 7	146.2%	91.1%	60.5%	14	--
$355.00	Jul 24	Aug 21	146.7%	92.4%	58.8%	10	--
$330.00	Jul 24	Aug 21	148.2%	95.4%	55.4%	7	354

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 94 found (best R:R 49.00, avg 4.07)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$415.00	$420.00	Jul 24	$0.10	$4.90	$0.10	49.00	$415.10
$440.00	$450.00	Jul 31	$0.35	$9.65	$0.35	27.57	$440.35
$455.00	$462.50	Jul 24	$0.32	$7.18	$0.32	22.44	$455.32
$440.00	$445.00	Jul 24	$0.28	$4.72	$0.28	16.86	$440.28
$402.50	$405.00	Aug 21	$0.15	$2.35	$0.15	15.67	$402.65

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$335.00	$320.00	Aug 7	$0.60	$14.40	$0.60	24.00	$334.40
$360.00	$357.50	Jul 24	$0.12	$2.38	$0.12	19.83	$359.88
$400.00	$397.50	Jul 24	$0.20	$2.30	$0.20	11.50	$399.80
$345.00	$340.00	Jul 24	$0.42	$4.58	$0.42	10.90	$344.58
$332.50	$330.00	Jul 24	$0.23	$2.27	$0.23	9.87	$332.27

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 111 found (best R:R 15.67, avg 1.38)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$385.00	$390.00	Jul 31	$4.30	$4.30	$0.70	6.14	$389.30
$387.50	$390.00	Jul 24	$2.00	$2.00	$0.50	4.00	$389.50
$402.50	$405.00	Jul 24	$2.00	$2.00	$0.50	4.00	$404.50
$425.00	$427.50	Jul 24	$1.97	$1.97	$0.53	3.72	$426.97
$330.00	$360.00	Aug 21	$20.35	$20.35	$9.65	2.11	$350.35

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$435.00	$430.00	Jul 24	$4.70	$4.70	$0.30	15.67	$430.30
$390.00	$385.00	Jul 31	$4.70	$4.70	$0.30	15.67	$385.30
$380.00	$377.50	Jul 24	$2.25	$2.25	$0.25	9.00	$377.75
$440.00	$435.00	Jul 24	$4.20	$4.20	$0.80	5.25	$435.80
$357.50	$355.00	Jul 31	$2.05	$2.05	$0.45	4.56	$355.45

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 42 found (avg debit $11.41, cheapest $0.65)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$475.00	Jul 24	Jul 31	$4.32	138.6%	103.9%
$380.00	Aug 21	Aug 28	$4.50	90.2%	92.7%
$472.50	Jul 24	Jul 31	$5.27	129.3%	107.0%
$470.00	Jul 24	Jul 31	$5.30	126.1%	105.0%
$452.50	Jul 24	Jul 31	$6.77	112.2%	99.2%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$320.00	Jul 24	Jul 31	$0.65	198.7%	101.1%
$340.00	Jul 24	Jul 31	$3.10	149.6%	98.3%
$330.00	Jul 24	Jul 31	$4.03	148.2%	112.9%
$350.00	Jul 24	Jul 31	$4.87	141.9%	101.2%
$325.00	Jul 31	Aug 14	$5.35	106.1%	92.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 18 found (cheapest 6.26% of stock, avg 14.24%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$390.00	Jul 24	$17.00	$7.85	$24.85	$365.15	$414.85	6.26%
$400.00	Jul 24	$12.05	$13.45	$25.50	$374.50	$425.50	6.42%
$410.00	Jul 24	$8.10	$19.15	$27.25	$382.75	$437.25	6.86%
$420.00	Jul 24	$6.55	$25.60	$32.15	$387.85	$452.15	8.09%
$377.50	Jul 24	$27.45	$5.20	$32.65	$344.85	$410.15	8.22%
$430.00	Jul 24	$2.55	$33.60	$36.15	$393.85	$466.15	9.10%
$435.00	Jul 24	$3.78	$38.30	$42.08	$392.92	$477.08	10.60%
$440.00	Jul 24	$1.58	$42.50	$44.08	$395.92	$484.08	11.10%
$410.00	Jul 31	$19.80	$29.10	$48.90	$361.10	$458.90	12.31%
$385.00	Jul 31	$33.45	$16.95	$50.40	$334.60	$435.40	12.69%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 106 found (cheapest 2.98% of stock, avg 10.38%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$415.00	$377.50	Jul 24	$6.65	$5.20	$11.85	$365.65	$426.85
$410.00	$377.50	Jul 24	$8.10	$5.20	$13.30	$364.20	$423.30
$415.00	$380.00	Jul 24	$6.65	$7.45	$14.10	$365.90	$429.10
$405.00	$377.50	Jul 24	$9.25	$5.20	$14.45	$363.05	$419.45
$415.00	$390.00	Jul 24	$6.65	$7.85	$14.50	$375.50	$429.50
$410.00	$380.00	Jul 24	$8.10	$7.45	$15.55	$364.45	$425.55
$410.00	$390.00	Jul 24	$8.10	$7.85	$15.95	$374.05	$425.95
$415.00	$385.00	Jul 24	$6.65	$9.45	$16.10	$368.90	$431.10
$402.50	$377.50	Jul 24	$11.25	$5.20	$16.45	$361.05	$418.95
$405.00	$380.00	Jul 24	$9.25	$7.45	$16.70	$363.30	$421.70

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 220 found (best R:R 32.33, avg credit $4.91)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
330/335	382/385	Aug 21	$4.85	$0.15	32.33	$330.15	$387.35
360/362	392/395	Jul 24	$2.35	$0.15	15.67	$360.15	$394.85
385/390	392/405	Jul 31	$11.75	$0.75	15.67	$378.25	$404.25
355/360	382/385	Aug 21	$4.70	$0.30	15.67	$355.30	$387.20
360/370	392/405	Jul 31	$11.35	$1.15	9.87	$358.65	$403.85
385/390	430/440	Jul 31	$9.05	$0.95	9.53	$380.95	$439.05
320/330	390/400	Aug 21	$8.95	$1.05	8.52	$321.05	$398.95
330/332	388/390	Jul 24	$2.23	$0.27	8.26	$330.27	$389.73
330/332	402/405	Jul 24	$2.23	$0.27	8.26	$330.27	$404.73
375/378	382/388	Jul 24	$4.45	$0.55	8.09	$373.05	$386.95

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 31 found (best R:R 34.71, cheapest $0.07)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$470.00	$472.50	$475.00	Jul 24	$0.15	$2.35	15.67
$430.00	$440.00	$450.00	Aug 21	$0.85	$9.15	10.76
$450.00	$452.50	$455.00	Jul 24	$0.22	$2.28	10.36
$375.00	$377.50	$380.00	Aug 21	$0.35	$2.15	6.14
$425.00	$427.50	$430.00	Jul 24	$0.39	$2.11	5.41

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$350.00	$352.50	$355.00	Jul 24	$0.07	$2.43	34.71
$400.00	$410.00	$420.00	Jul 24	$0.75	$9.25	12.33
$360.00	$362.50	$365.00	Jul 24	$0.23	$2.27	9.87
$327.50	$330.00	$332.50	Jul 24	$0.28	$2.22	7.93
$335.00	$340.00	$345.00	Jul 24	$0.57	$4.43	7.77

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 53 found (best net $-0.55, 50 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$380.00	$425.00	1:2	Aug 28	-$11.85	$33.15
$435.00	$470.00	1:2	Aug 7	-$3.85	$31.15
$435.00	$470.00	1:2	Aug 28	-$9.75	$25.25
$455.00	$462.50	1:2	Jul 24	-$0.36	$7.14
$430.00	$440.00	1:2	Jul 31	-$4.25	$5.75

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$370.00	$325.00	1:2	Aug 28	-$0.55	$44.45
$400.00	$360.00	1:2	Aug 21	-$4.00	$36.00
$390.00	$360.00	1:2	Aug 14	-$3.90	$26.10
$350.00	$335.00	1:2	Aug 7	-$2.85	$12.15
$400.00	$370.00	1:2	Aug 28	-$18.40	$11.60

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 38 found (best yield 9.62%, avg 3.46%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$400.00	Aug 21	$38.20	0.56	0.7%	9.62%	10.33%	10	55
$402.50	Aug 21	$37.30	0.55	1.3%	9.39%	10.74%	2	--
$405.00	Aug 21	$36.80	0.54	2.0%	9.27%	11.24%	1	54
$420.00	Aug 21	$31.00	0.48	5.8%	7.81%	13.56%	3	--
$425.00	Aug 28	$31.00	0.47	7.0%	7.81%	14.82%	1	2
$430.00	Aug 28	$29.50	0.46	8.3%	7.43%	15.70%	6	--
$435.00	Aug 28	$27.70	0.44	9.5%	6.97%	16.50%	2	--
$430.00	Aug 21	$27.20	0.44	8.3%	6.85%	15.12%	2	103
$440.00	Aug 21	$23.90	0.41	10.8%	6.02%	16.80%	3	231
$450.00	Aug 21	$21.10	0.37	13.3%	5.31%	18.62%	3	--

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 3,405

Total Puts 1,291

Put/Call Ratio 0.38

Net Difference 2,114

Prior's Put/Call Breakdown

Total Calls 6,194

Total Puts 3,111

Put/Call Ratio 0.50

Net Difference 3,083

Prior 7-Day Put/Call Summary

Total Calls 35,357

Total Puts 46,026

Average Put/Call Ratio 1.43

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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