CIEN - Options Database

CIEN

CIENA CORP

$407.53 +2.61%

$409.00 (+0.36%)🌙

as of 07/23 06:03 PM

(7/23 15:42) ◀

Thursday, July 23, 2026 (6:03pm)

▶ (7/23 17:53)

◀ 7/23 18:03 ▶

Option Volume

Detail

ℹ

Current (07/23) 6,240

Calls: 3,621 (58%)

Puts: 2,619 (42%)

Prior (07/22) 4,696

Calls: 3,405 (73%)

Puts: 1,291 (27%)

Current vs Prior +32.88%

Calls: +6.34% (Calls)

Puts: +102.87% (Puts)

Prior 7-Day Total 75,522

Calls: 34,232 (45%)

Puts: 41,290 (55%)

Prior 7-Day Average 10,788

Calls: 4,890 (45%)

Puts: 5,898 (55%)

Current vs Prior 7-Day Avg -42.16%

Calls: -25.96%

Puts: -55.60%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/23) $15.52M

Calls: $6.52M (42%)

Puts: $9.00M (58%)

Prior (07/22) $5.87M

Calls: $3.45M (59%)

Puts: $2.42M (41%)

Current vs Prior +164.26%

Calls: +88.94%

Puts: +271.65%

Prior 7-Day Total $149.22M

Calls: $64.05M (43%)

Puts: $85.16M (57%)

Prior 7-Day Average $21.32M

Calls: $9.15M (43%)

Puts: $12.17M (57%)

Current vs Prior 7-Day Avg -27.21%

Calls: -28.73%

Puts: -26.06%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (07/23) 0.72

Prior (07/22) 0.38

Current vs Prior +90.76%

Prior 7-Day Average 1.29

Current vs Prior 7-Day Avg -43.97%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (07/23) 105,535

Calls: 52,811 (50%)

Puts: 52,724 (50%)

Prior (07/22) 28,469

Calls: 11,717 (41%)

Puts: 16,752 (59%)

Current vs Prior +270.70%

Prior 7-Day Total 664,265

Calls: 316,615 (48%)

Puts: 347,650 (52%)

Prior 7-Day Average 94,895

Calls: 45,230 (48%)

Puts: 49,664 (52%)

Current vs Prior 7-Day Avg +11.21%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 4.97% | 12.15%20.81% | 30.30%

Prior 7.08% | 12.93%21.25% | 32.07%

Current vs Prior -29.77% | -6.06%-2.08% | -5.49%

Prior 7-Day Avg 8.03% | 13.08%12.57% | 27.24%

Current vs 7-Day Avg -38.13% | -7.10%+65.53% | +11.25%

Prior 7-Day Eod 7.08% | 12.93%21.25% | 32.07%

Current vs 7-Day Eod -29.77% | -6.06%-2.08% | -5.49%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 47.84% | 16.84%

Calls: 50.00% | 13.11%

Puts: 45.69% | 20.57%

Prior 22.54% | 16.00%

Calls: 24.22% | 17.36%

Puts: 20.85% | 14.63%

Current vs Prior +112.24% | +5.25%

Prior 7-Day Avg 44.64% | 16.12%

Calls: 36.90% | 14.42%

Puts: 52.39% | 17.81%

Current vs 7-Day Avg +7.16% | +4.49%

Liquidity Expensive

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🤖 AI Insights

Massive premium surge with dollar volume up 164% vs prior. P/C ratio rising 91% - increased hedging/bearish positioning. Rising open interest (up 271%) indicates new positions being established.

Smart Money BEARISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BULLISH

7-Day Avg BEARISH

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior BEARISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads

💰 Best Value Under $1

📊 High Delta (ITM)

🔥 High Volume

⏰ Backwardation

📈 Debit Spreads

📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

🔀 Strangles

🦅 Iron Condors

🦋 Butterflies

⚖️ Ratio Spreads

🛡️ Covered Calls

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Tightest Spreads

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Best Value <$1

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High Delta

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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 5 of results (avg 8.8%, best 8.1%)

CALLS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$340.00	Aug 21	78.00	85.00	$81.50	8.6%	--	0.79	49
$330.00	Aug 21	85.00	93.00	$89.00	9.0%	--	0.82	10
$350.00	Aug 21	71.00	78.00	$74.50	9.4%	2	0.75	90

PUTS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$480.00	Aug 14	83.00	90.00	$86.50	8.1%	--	0.73	11
$420.00	Aug 21	45.00	49.30	$47.15	9.1%	2	0.50	160

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. 142 found (avg delta 0.68, highest 0.93)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$365.00	Jul 24	38.00	48.00	$43.00	23.3%	--	0.93	12
$330.00	Jul 24	72.00	80.00	$76.00	10.5%	--	0.92	60
$350.00	Jul 24	52.80	62.00	$57.40	16.0%	--	0.92	65
$345.00	Jul 24	58.00	67.00	$62.50	14.4%	--	0.91	11
$360.00	Jul 24	43.00	51.90	$47.45	18.8%	--	0.90	33

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$445.00	Jul 24	34.00	43.00	$38.50	23.4%	10	0.93	37
$440.00	Jul 24	29.00	39.00	$34.00	29.4%	--	0.92	19
$460.00	Jul 24	49.20	58.00	$53.60	16.4%	4	0.90	114
$475.00	Jul 24	63.90	73.00	$68.45	13.3%	--	0.88	54
$457.50	Jul 24	46.00	55.00	$50.50	17.8%	1	0.87	2

Most actively traded options today. High liquidity = easy entry/exit. 261 active (total vol 3.6K, top 306)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$470.00	Aug 21	15.00	20.90	$17.95	32.9%	306	0.32	265
$402.50	Jul 24	7.00	13.00	$10.00	60.0%	126	0.59	42
$370.00	Aug 14	54.00	64.00	$59.00	16.9%	102	0.69	2
$410.00	Jul 24	3.10	10.30	$6.70	107.5%	84	0.46	682
$450.00	Jul 24	0.05	4.80	$2.42	196.3%	66	0.14	201

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$390.00	Aug 14	23.00	33.00	$28.00	35.7%	300	0.38	12
$410.00	Jul 24	8.00	13.90	$10.95	53.9%	110	0.54	113
$405.00	Aug 21	37.00	43.60	$40.30	16.4%	88	0.44	--
$400.00	Jul 24	3.90	5.80	$4.85	39.2%	72	0.34	99
$407.50	Jul 24	4.00	14.00	$9.00	111.1%	71	0.48	42

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 81 strikes (avg 70.5%, max 217.1%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$330.00	Jul 24	Sep 4	313.4%	98.8%	217.1%	2	60
$482.50	Jul 24	Jul 31	251.7%	87.0%	189.3%	17	17
$480.00	Jul 24	Aug 21	244.8%	88.2%	177.5%	56	579
$475.00	Jul 24	Aug 14	234.7%	93.8%	150.3%	2	224
$487.50	Jul 24	Jul 31	262.8%	112.4%	133.7%	3	49

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$330.00	Jul 24	Sep 4	313.4%	98.8%	217.1%	1	62
$345.00	Jul 24	Aug 28	261.9%	95.4%	174.6%	54	38
$475.00	Jul 24	Aug 28	234.7%	91.4%	156.9%	--	100
$350.00	Jul 24	Aug 28	227.5%	92.2%	146.6%	54	122
$362.50	Jul 24	Jul 31	243.5%	100.8%	141.7%	7	24

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 219 found (best R:R 37.46, avg 2.72)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$465.00	$470.00	Jul 24	$0.13	$4.87	$0.13	37.46	$465.13
$427.50	$430.00	Jul 24	$0.10	$2.40	$0.10	24.00	$427.60
$470.00	$475.00	Aug 14	$0.20	$4.80	$0.20	24.00	$470.20
$405.00	$407.50	Jul 24	$0.20	$2.30	$0.20	11.50	$405.20
$475.00	$480.00	Aug 7	$0.55	$4.45	$0.55	8.09	$475.55

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$355.00	$350.00	Aug 7	$0.25	$4.75	$0.25	19.00	$354.75
$380.00	$375.00	Aug 21	$0.35	$4.65	$0.35	13.29	$379.65
$387.50	$385.00	Jul 24	$0.20	$2.30	$0.20	11.50	$387.30
$345.00	$340.00	Jul 31	$0.40	$4.60	$0.40	11.50	$344.60
$357.50	$355.00	Jul 31	$0.20	$2.30	$0.20	11.50	$357.30

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 280 found (best R:R 99.00, avg 2.19)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$385.00	$387.50	Jul 31	$2.40	$2.40	$0.10	24.00	$387.40
$390.00	$395.00	Jul 24	$4.75	$4.75	$0.25	19.00	$394.75
$370.00	$377.50	Jul 24	$7.00	$7.00	$0.50	14.00	$377.00
$330.00	$345.00	Jul 24	$13.50	$13.50	$1.50	9.00	$343.50
$360.00	$365.00	Jul 24	$4.45	$4.45	$0.55	8.09	$364.45

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$475.00	$460.00	Jul 24	$14.85	$14.85	$0.15	99.00	$460.15
$455.00	$450.00	Aug 7	$4.90	$4.90	$0.10	49.00	$450.10
$337.50	$335.00	Jul 24	$2.37	$2.37	$0.13	18.23	$335.13
$445.00	$440.00	Jul 24	$4.50	$4.50	$0.50	9.00	$440.50
$435.00	$430.00	Aug 14	$4.50	$4.50	$0.50	9.00	$430.50

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 81 found (avg debit $11.05, cheapest $1.30)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$475.00	Jul 24	Jul 31	$1.30	234.7%	91.8%
$487.50	Jul 24	Jul 31	$2.70	262.8%	112.4%
$480.00	Jul 24	Jul 31	$2.78	244.8%	106.2%
$465.00	Jul 24	Jul 31	$3.57	124.2%	83.6%
$485.00	Jul 24	Jul 31	$4.18	203.8%	109.8%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$327.50	Jul 24	Jul 31	$2.63	322.1%	134.6%
$362.50	Jul 24	Jul 31	$2.92	243.5%	100.8%
$337.50	Jul 24	Jul 31	$3.10	287.5%	124.7%
$475.00	Jul 24	Jul 31	$3.55	234.7%	91.8%
$345.00	Jul 24	Jul 31	$3.60	261.9%	118.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 116 found (cheapest 4.29% of stock, avg 16.75%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$405.00	Jul 24	$9.50	$8.00	$17.50	$387.50	$422.50	4.29%
$410.00	Jul 24	$6.70	$10.95	$17.65	$392.35	$427.65	4.33%
$400.00	Jul 24	$13.00	$4.85	$17.85	$382.15	$417.85	4.38%
$402.50	Jul 24	$10.00	$8.05	$18.05	$384.45	$420.55	4.43%
$407.50	Jul 24	$9.30	$9.00	$18.30	$389.20	$425.80	4.49%
$412.50	Jul 24	$6.95	$12.00	$18.95	$393.55	$431.45	4.65%
$415.00	Jul 24	$5.50	$13.50	$19.00	$396.00	$434.00	4.66%
$420.00	Jul 24	$3.00	$17.00	$20.00	$400.00	$440.00	4.91%
$417.50	Jul 24	$5.05	$15.00	$20.05	$397.45	$437.55	4.92%
$397.50	Jul 24	$14.15	$6.40	$20.55	$376.95	$418.05	5.04%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 2.42% of stock, avg 13.07%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$422.50	$400.00	Jul 24	$5.03	$4.85	$9.88	$390.12	$432.38
$417.50	$400.00	Jul 24	$5.05	$4.85	$9.90	$390.10	$427.40
$415.00	$400.00	Jul 24	$5.50	$4.85	$10.35	$389.65	$425.35
$422.50	$397.50	Jul 24	$5.03	$6.40	$11.43	$386.07	$433.93
$417.50	$397.50	Jul 24	$5.05	$6.40	$11.45	$386.05	$428.95
$410.00	$400.00	Jul 24	$6.70	$4.85	$11.55	$388.45	$421.55
$412.50	$400.00	Jul 24	$6.95	$4.85	$11.80	$388.20	$424.30
$415.00	$397.50	Jul 24	$5.50	$6.40	$11.90	$385.60	$426.90
$417.50	$405.00	Jul 24	$5.05	$8.00	$13.05	$391.95	$430.55
$422.50	$405.00	Jul 24	$5.03	$8.00	$13.03	$391.97	$435.53

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 335 found (best R:R 49.00, avg credit $6.30)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
362/365	378/385	Jul 31	$7.35	$0.15	49.00	$357.65	$384.85
352/355	368/372	Jul 31	$4.85	$0.15	32.33	$350.15	$372.35
352/355	372/378	Jul 31	$4.85	$0.15	32.33	$350.15	$377.35
355/360	425/430	Aug 7	$4.85	$0.15	32.33	$355.15	$429.85
340/345	370/375	Aug 14	$4.85	$0.15	32.33	$340.15	$374.85
340/345	385/388	Aug 21	$4.80	$0.20	24.00	$340.20	$389.80
350/355	390/395	Aug 21	$4.80	$0.20	24.00	$350.20	$394.80
355/365	370/380	Sep 4	$9.55	$0.45	21.22	$355.45	$379.55
335/340	370/375	Aug 14	$4.75	$0.25	19.00	$335.25	$374.75
360/365	370/375	Aug 14	$4.70	$0.30	15.67	$360.30	$374.70

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 90 found (best R:R 99.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$350.00	$355.00	$360.00	Jul 31	$0.10	$4.90	49.00
$470.00	$475.00	$480.00	Aug 7	$0.10	$4.90	49.00
$390.00	$405.00	$420.00	Aug 14	$0.50	$14.50	29.00
$477.50	$480.00	$482.50	Jul 24	$0.10	$2.40	24.00
$330.00	$340.00	$350.00	Aug 21	$0.50	$9.50	19.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$340.00	$345.00	$350.00	Aug 7	$0.05	$4.95	99.00
$335.00	$340.00	$345.00	Aug 14	$0.10	$4.90	49.00
$345.00	$350.00	$355.00	Aug 21	$0.10	$4.90	49.00
$335.00	$337.50	$340.00	Jul 31	$0.10	$2.40	24.00
$430.00	$435.00	$440.00	Aug 21	$0.40	$4.60	11.50

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 47 found (best net $-26.00, 32 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$400.00	$440.00	1:2	Sep 4	-$26.00	$14.00
$435.00	$440.00	1:2	Jul 24	-$0.08	$4.92
$420.00	$440.00	1:2	Aug 14	-$15.10	$4.90
$455.00	$460.00	1:2	Jul 24	-$0.56	$4.44
$365.00	$400.00	1:2	Aug 28	-$32.00	$3.00

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$335.00	$330.00	1:2	Aug 7	-$1.95	$3.05
$475.00	$440.00	1:2	Aug 14	-$32.50	$2.50
$335.00	$332.50	1:2	Jul 24	-$0.03	$2.47
$362.50	$360.00	1:2	Jul 24	-$0.23	$2.27
$342.50	$340.00	1:2	Jul 24	-$1.00	$1.50

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 76 found (best yield 10.06%, avg 3.75%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$410.00	Aug 28	$41.00	0.54	0.6%	10.06%	10.67%	5	1
$440.00	Sep 4	$37.00	0.48	8.0%	9.08%	17.05%	4	--
$410.00	Aug 21	$36.60	0.54	0.6%	8.98%	9.59%	13	378
$420.00	Aug 28	$36.00	0.51	3.1%	8.83%	11.89%	2	3
$445.00	Sep 4	$35.00	0.46	9.2%	8.59%	17.78%	11	--
$425.00	Aug 28	$34.00	0.49	4.3%	8.34%	12.63%	2	3
$430.00	Aug 28	$32.00	0.48	5.5%	7.85%	13.37%	--	11
$420.00	Aug 21	$31.00	0.50	3.1%	7.61%	10.67%	--	28
$460.00	Sep 4	$30.00	0.42	12.9%	7.36%	20.24%	7	--
$430.00	Aug 21	$29.70	0.46	5.5%	7.29%	12.80%	3	103

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 3,621

Total Puts 2,619

Put/Call Ratio 0.72

Net Difference 1,002

Prior's Put/Call Breakdown

Total Calls 3,405

Total Puts 1,291

Put/Call Ratio 0.38

Net Difference 2,114

Prior 7-Day Put/Call Summary

Total Calls 34,232

Total Puts 41,290

Average Put/Call Ratio 1.29

Ratio Trend Rising

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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