CIEN - Options Database

CIEN

CIENA CORP

$390.96 -4.07%

$389.97 (-0.25%)🌙

as of 07/25 01:41 AM

(7/23 18:03) ◀

Friday, July 24, 2026 (1:41am)

▶ (7/27 15:05)

◀ 7/24 01:41 ▶

Option Volume

Detail

ℹ

Current (07/25) 8,541

Calls: 4,524 (53%)

Puts: 4,017 (47%)

Prior (07/23) 6,240

Calls: 3,621 (58%)

Puts: 2,619 (42%)

Current vs Prior +36.88%

Calls: +24.94% (Calls)

Puts: +53.38% (Puts)

Prior 7-Day Total 53,285

Calls: 28,847 (54%)

Puts: 24,438 (46%)

Prior 7-Day Average 8,880

Calls: 4,121 (54%)

Puts: 3,491 (46%)

Current vs Prior 7-Day Avg -3.83%

Calls: +9.78%

Puts: +15.06%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/25) $8.95M

Calls: $4.76M (53%)

Puts: $4.19M (47%)

Prior (07/23) $15.52M

Calls: $6.52M (42%)

Puts: $9.00M (58%)

Current vs Prior -42.30%

Calls: -26.98%

Puts: -53.40%

Prior 7-Day Total $127.04M

Calls: $50.26M (40%)

Puts: $76.78M (60%)

Prior 7-Day Average $21.17M

Calls: $7.18M (40%)

Puts: $10.97M (60%)

Current vs Prior 7-Day Avg -57.71%

Calls: -33.68%

Puts: -61.78%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/25) 0.89

Prior (07/23) 0.72

Current vs Prior +22.76%

Prior 7-Day Average 0.81

Current vs Prior 7-Day Avg +9.01%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (07/25) 34,608

Calls: 16,108 (47%)

Puts: 18,500 (53%)

Prior (07/23) 105,535

Calls: 52,811 (50%)

Puts: 52,724 (50%)

Current vs Prior -67.21%

Prior 7-Day Total 560,063

Calls: 267,909 (48%)

Puts: 292,154 (52%)

Prior 7-Day Average 93,343

Calls: 44,651 (48%)

Puts: 48,692 (52%)

Current vs Prior 7-Day Avg -62.92%

Sentiment BULLISH

Expected Move

Detail

ℹ

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

Current 10.60% | 14.23%19.40% | 30.48%

Prior 4.97% | 12.15%20.81% | 30.30%

Current vs Prior +113.37% | +17.19%-6.76% | +0.57%

Prior 7-Day Avg 7.85% | 13.28%15.78% | 29.13%

Current vs 7-Day Avg +35.14% | +7.22%+22.94% | +4.62%

Prior 7-Day Eod 4.97% | 12.15%20.81% | 30.30%

Current vs 7-Day Eod +113.37% | +17.19%-6.76% | +0.57%

Sentiment BEARISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 47.84% | 16.84%

Calls: 50.00% | 13.11%

Puts: 45.69% | 20.57%

Prior 47.84% | 16.84%

Calls: 50.00% | 13.11%

Puts: 45.69% | 20.57%

Current vs Prior +0.00% | +0.00%

Prior 7-Day Avg 50.07% | 17.00%

Calls: 43.26% | 14.96%

Puts: 56.88% | 19.05%

Current vs 7-Day Avg -4.45% | -0.97%

Liquidity Expensive

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🤖 AI Insights

Declining open interest (down 67%) indicates positions being closed.

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 NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior NEUTRAL

7-Day Avg NEUTRAL

Current NEUTRAL

Prior NEUTRAL

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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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 4 of results (avg 8.8%, best 7.8%)

CALLS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$320.00	Aug 21	78.10	84.40	$81.25	7.8%	1	0.80	--
$350.00	Aug 14	54.50	59.20	$56.85	8.3%	11	0.72	--

PUTS (2)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$460.00	Jul 24	67.50	74.00	$70.75	9.2%	2	1.00	109
$390.00	Aug 21	35.70	39.40	$37.55	9.9%	14	0.45	109

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. 84 found (avg delta 0.69, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$350.00	Jul 24	36.00	43.30	$39.65	18.4%	4	1.00	51
$375.00	Jul 24	11.00	18.80	$14.90	52.3%	3	0.94	--
$380.00	Jul 24	6.00	14.00	$10.00	80.0%	22	0.89	146
$367.50	Jul 24	18.00	26.00	$22.00	36.4%	1	0.84	--
$382.50	Jul 24	3.40	12.00	$7.70	111.7%	3	0.83	72

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$400.00	Jul 24	7.10	13.70	$10.40	63.5%	439	1.00	103
$430.00	Jul 24	37.20	44.00	$40.60	16.7%	6	1.00	54
$450.00	Jul 24	57.20	64.00	$60.60	11.2%	3	1.00	19
$460.00	Jul 24	67.50	74.00	$70.75	9.2%	2	1.00	109
$445.00	Jul 24	51.30	59.00	$55.15	14.0%	1	0.97	--

Most actively traded options today. High liquidity = easy entry/exit. 243 active (total vol 6.2K, top 696)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$410.00	Jul 24	0.00	4.80	$2.40	200.0%	696	0.21	754
$410.00	Jul 31	10.20	13.00	$11.60	24.1%	645	0.37	35
$405.00	Jul 24	0.00	2.00	$1.00	200.0%	136	0.16	37
$440.00	Jul 31	3.30	5.80	$4.55	54.9%	97	0.18	51
$465.00	Jul 31	0.05	3.60	$1.83	194.0%	85	0.09	31

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$350.00	Jul 31	4.60	6.70	$5.65	37.2%	650	0.19	--
$347.50	Jul 24	0.00	4.80	$2.40	200.0%	630	0.12	--
$400.00	Jul 24	7.10	13.70	$10.40	63.5%	439	1.00	103
$385.00	Jul 24	0.05	4.80	$2.42	196.3%	149	0.29	74
$387.50	Jul 24	0.00	4.80	$2.40	200.0%	145	0.34	12

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 69 strikes (avg 662.4%, max 1938.1%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$465.00	Jul 24	Aug 14	1484.6%	92.4%	1506.0%	60	67
$442.50	Jul 24	Jul 31	1345.1%	93.3%	1342.0%	2	5
$435.00	Jul 24	Aug 28	1211.9%	88.2%	1274.3%	20	62
$440.00	Jul 24	Aug 21	1138.4%	89.1%	1177.9%	26	318
$432.50	Jul 24	Jul 31	1166.1%	94.3%	1136.0%	22	30

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$330.00	Jul 24	Aug 21	1801.9%	88.4%	1938.1%	7	62
$325.00	Jul 24	Aug 28	1921.3%	94.3%	1937.3%	2	56
$340.00	Jul 24	Sep 4	1564.3%	94.9%	1548.7%	57	51
$342.50	Jul 24	Jul 31	1505.0%	93.5%	1510.0%	15	--
$322.50	Jul 24	Jul 31	1698.8%	106.8%	1490.4%	4	12

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 133 found (best R:R 57.82, avg 3.19)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$450.00	$460.00	Jul 24	$0.17	$9.83	$0.17	57.82	$450.17
$427.50	$430.00	Jul 31	$0.15	$2.35	$0.15	15.67	$427.65
$422.50	$425.00	Jul 31	$0.20	$2.30	$0.20	11.50	$422.70
$445.00	$450.00	Jul 24	$0.43	$4.57	$0.43	10.63	$445.43
$450.00	$460.00	Aug 7	$0.95	$9.05	$0.95	9.53	$450.95

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$320.00	$315.00	Jul 31	$0.23	$4.77	$0.23	20.74	$319.77
$380.00	$375.00	Jul 24	$0.25	$4.75	$0.25	19.00	$379.75
$345.00	$342.50	Jul 31	$0.13	$2.37	$0.13	18.23	$344.87
$325.00	$322.50	Jul 31	$0.33	$2.17	$0.33	6.58	$324.67
$370.00	$367.50	Jul 31	$0.35	$2.15	$0.35	6.14	$369.65

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 168 found (best R:R 17.75, avg 1.95)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$367.50	$375.00	Jul 24	$7.10	$7.10	$0.40	17.75	$374.60
$427.50	$430.00	Jul 24	$2.35	$2.35	$0.15	15.67	$429.85
$380.00	$382.50	Jul 24	$2.30	$2.30	$0.20	11.50	$382.30
$377.50	$380.00	Jul 24	$2.00	$2.00	$0.50	4.00	$379.50
$377.50	$380.00	Jul 31	$1.90	$1.90	$0.60	3.17	$379.40

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$410.00	$407.50	Jul 24	$2.35	$2.35	$0.15	15.67	$407.65
$385.00	$382.50	Jul 31	$2.35	$2.35	$0.15	15.67	$382.65
$435.00	$430.00	Jul 24	$4.65	$4.65	$0.35	13.29	$430.35
$445.00	$440.00	Jul 24	$4.65	$4.65	$0.35	13.29	$440.35
$357.50	$355.00	Jul 24	$2.32	$2.32	$0.18	12.89	$355.18

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 69 found (avg debit $9.50, cheapest $0.28)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$465.00	Jul 24	Jul 31	$0.50	1484.6%	89.0%
$467.50	Jul 24	Jul 31	$1.37	850.8%	85.7%
$442.50	Jul 24	Jul 31	$2.30	1345.1%	93.3%
$450.00	Jul 24	Jul 31	$2.80	885.9%	87.6%
$460.00	Jul 24	Jul 31	$3.00	779.1%	97.0%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$325.00	Jul 24	Jul 31	$0.28	1921.3%	107.3%
$322.50	Jul 24	Jul 31	$1.08	1698.8%	106.8%
$342.50	Jul 24	Jul 31	$1.35	1505.0%	93.5%
$340.00	Jul 24	Jul 31	$1.65	1564.3%	99.6%
$460.00	Jul 24	Jul 31	$1.90	779.1%	97.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 56 found (cheapest 1.75% of stock, avg 11.01%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$392.50	Jul 24	$2.40	$4.45	$6.85	$385.65	$399.35	1.75%
$387.50	Jul 24	$5.50	$2.40	$7.90	$379.60	$395.40	2.02%
$390.00	Jul 24	$5.03	$3.08	$8.11	$381.89	$398.11	2.07%
$385.00	Jul 24	$6.15	$2.42	$8.57	$376.43	$393.57	2.19%
$382.50	Jul 24	$7.70	$1.00	$8.70	$373.80	$391.20	2.23%
$395.00	Jul 24	$2.40	$6.50	$8.90	$386.10	$403.90	2.28%
$380.00	Jul 24	$10.00	$0.60	$10.60	$369.40	$390.60	2.71%
$400.00	Jul 24	$0.25	$10.40	$10.65	$389.35	$410.65	2.72%
$375.00	Jul 24	$14.90	$0.35	$15.25	$359.75	$390.25	3.90%
$402.50	Jul 24	$2.40	$13.10	$15.50	$387.00	$418.00	3.96%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 148 found (cheapest 0.87% of stock, avg 9.48%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$392.50	$382.50	Jul 24	$2.40	$1.00	$3.40	$379.10	$395.90
$395.00	$382.50	Jul 24	$2.40	$1.00	$3.40	$379.10	$398.40
$402.50	$382.50	Jul 24	$2.40	$1.00	$3.40	$379.10	$405.90
$407.50	$382.50	Jul 24	$2.40	$1.00	$3.40	$379.10	$410.90
$410.00	$382.50	Jul 24	$2.40	$1.00	$3.40	$379.10	$413.40
$392.50	$387.50	Jul 24	$2.40	$2.40	$4.80	$382.70	$397.30
$392.50	$385.00	Jul 24	$2.40	$2.42	$4.82	$380.18	$397.32
$392.50	$367.50	Jul 24	$2.40	$2.40	$4.80	$362.70	$397.30
$395.00	$387.50	Jul 24	$2.40	$2.40	$4.80	$382.70	$399.80
$395.00	$385.00	Jul 24	$2.40	$2.42	$4.82	$380.18	$399.82

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 277 found (best R:R 49.00, avg credit $5.67)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
370/380	410/420	Aug 21	$9.80	$0.20	49.00	$370.20	$419.80
335/340	395/400	Aug 21	$4.85	$0.15	32.33	$335.15	$399.85
315/320	405/410	Aug 28	$4.85	$0.15	32.33	$315.15	$409.85
385/395	425/435	Aug 14	$9.60	$0.40	24.00	$385.40	$434.60
355/360	378/380	Jul 31	$4.75	$0.25	19.00	$355.25	$382.25
405/410	435/440	Aug 21	$4.70	$0.30	15.67	$405.30	$439.70
335/340	380/382	Jul 24	$4.67	$0.33	14.15	$335.33	$384.67
330/335	370/375	Jul 31	$4.67	$0.33	14.15	$330.33	$374.67
325/330	395/400	Aug 7	$4.65	$0.35	13.29	$325.35	$399.65
345/350	390/392	Jul 31	$4.62	$0.38	12.16	$345.38	$394.62

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 56 found (best R:R 49.00, cheapest $0.10)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$440.00	$445.00	$450.00	Aug 21	$0.10	$4.90	49.00
$405.00	$410.00	$415.00	Sep 4	$0.25	$4.75	19.00
$395.00	$400.00	$405.00	Sep 4	$0.30	$4.70	15.67
$385.00	$387.50	$390.00	Jul 24	$0.18	$2.32	12.89
$405.00	$407.50	$410.00	Jul 31	$0.20	$2.30	11.50

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$370.00	$380.00	$390.00	Aug 21	$0.20	$9.80	49.00
$340.00	$345.00	$350.00	Aug 7	$0.15	$4.85	32.33
$395.00	$397.50	$400.00	Jul 24	$0.10	$2.40	24.00
$402.50	$405.00	$407.50	Jul 24	$0.10	$2.40	24.00
$337.50	$340.00	$342.50	Jul 31	$0.10	$2.40	24.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 71 found (best net $-4.10, 56 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$435.00	$465.00	1:2	Aug 14	-$5.30	$24.70
$380.00	$410.00	1:2	Aug 14	-$10.65	$19.35
$350.00	$367.50	1:2	Jul 24	-$4.35	$13.15
$420.00	$440.00	1:2	Aug 7	-$8.90	$11.10
$435.00	$440.00	1:2	Jul 24	-$0.56	$4.44

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$385.00	$350.00	1:2	Aug 14	-$4.10	$30.90
$350.00	$325.00	1:2	Aug 28	-$9.60	$15.40
$350.00	$330.00	1:2	Aug 14	-$6.80	$13.20
$370.00	$350.00	1:2	Aug 21	-$11.95	$8.05
$330.00	$320.00	1:2	Aug 14	-$4.85	$5.15

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 62 found (best yield 11.25%, avg 4.12%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$395.00	Sep 4	$44.00	0.55	1.0%	11.25%	12.29%	1	--
$400.00	Sep 4	$42.00	0.53	2.3%	10.74%	13.06%	1	--
$405.00	Sep 4	$40.00	0.52	3.6%	10.23%	13.82%	1	--
$410.00	Sep 4	$38.00	0.50	4.9%	9.72%	14.59%	1	--
$395.00	Aug 28	$36.00	0.54	1.0%	9.21%	10.24%	1	--
$415.00	Sep 4	$36.00	0.49	6.2%	9.21%	15.36%	1	--
$420.00	Sep 4	$34.00	0.47	7.4%	8.70%	16.12%	1	--
$405.00	Aug 28	$33.00	0.50	3.6%	8.44%	12.03%	1	--
$395.00	Aug 21	$32.90	0.52	1.0%	8.42%	9.45%	1	--
$400.00	Aug 21	$30.70	0.50	2.3%	7.85%	10.16%	3	53

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 4,524

Total Puts 4,017

Put/Call Ratio 0.89

Net Difference 507

Prior's Put/Call Breakdown

Total Calls 3,621

Total Puts 2,619

Put/Call Ratio 0.72

Net Difference 1,002

Prior 7-Day Put/Call Summary

Total Calls 28,847

Total Puts 24,438

Average Put/Call Ratio 0.81

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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