CIEN - Options Database

CIEN

CIENA CORP

$377.27 -3.50%

$377.98 (+0.19%)🌙

as of 07/27 06:03 PM

(7/27 15:05) ◀

Monday, July 27, 2026 (6:04pm)

▶ (7/28 15:05)

◀ 7/27 18:04 ▶

Option Volume

Detail

ℹ

Current (07/27) 8,521

Calls: 4,623 (54%)

Puts: 3,898 (46%)

Prior (07/24) 8,541

Calls: 4,524 (53%)

Puts: 4,017 (47%)

Current vs Prior -0.23%

Calls: +2.19% (Calls)

Puts: -2.96% (Puts)

Prior 7-Day Total 61,826

Calls: 33,371 (54%)

Puts: 28,455 (46%)

Prior 7-Day Average 8,832

Calls: 4,767 (54%)

Puts: 4,065 (46%)

Current vs Prior 7-Day Avg -3.52%

Calls: -3.03%

Puts: -4.11%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/27) $13.37M

Calls: $6.63M (50%)

Puts: $6.74M (50%)

Prior (07/24) $8.95M

Calls: $4.76M (53%)

Puts: $4.19M (47%)

Current vs Prior +49.32%

Calls: +39.14%

Puts: +60.87%

Prior 7-Day Total $135.99M

Calls: $55.02M (40%)

Puts: $80.97M (60%)

Prior 7-Day Average $19.43M

Calls: $7.86M (40%)

Puts: $11.57M (60%)

Current vs Prior 7-Day Avg -31.18%

Calls: -15.71%

Puts: -41.70%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (07/27) 0.84

Prior (07/24) 0.89

Current vs Prior -5.04%

Prior 7-Day Average 0.82

Current vs Prior 7-Day Avg +2.21%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (07/27) 90,383

Calls: 43,676 (48%)

Puts: 46,707 (52%)

Prior (07/24) 34,608

Calls: 16,108 (47%)

Puts: 18,500 (53%)

Current vs Prior +161.16%

Prior 7-Day Total 594,671

Calls: 284,017 (48%)

Puts: 310,654 (52%)

Prior 7-Day Average 84,953

Calls: 40,573 (48%)

Puts: 44,379 (52%)

Current vs Prior 7-Day Avg +6.39%

Sentiment BULLISH

Expected Move

Detail

ℹ

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

Current 9.25% | 13.36%19.50% | 29.62%

Prior 10.60% | 14.23%19.40% | 30.48%

Current vs Prior -12.75% | -6.15%+0.49% | -2.81%

Prior 7-Day Avg 8.24% | 13.41%16.30% | 29.32%

Current vs 7-Day Avg +12.27% | -0.40%+19.61% | +1.01%

Prior 7-Day Eod 10.60% | 14.23%19.40% | 30.48%

Current vs 7-Day Eod -12.75% | -6.15%+0.49% | -2.81%

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 10.16% | 14.62%

Calls: 12.87% | 17.21%

Puts: 7.45% | 12.04%

Prior 47.84% | 16.84%

Calls: 50.00% | 13.11%

Puts: 45.69% | 20.57%

Current vs Prior -78.76% | -13.18%

Prior 7-Day Avg 49.75% | 16.98%

Calls: 44.22% | 14.70%

Puts: 55.28% | 19.27%

Current vs 7-Day Avg -79.58% | -13.91%

Liquidity Expensive

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🤖 AI Insights

Rising open interest (up 161%) 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 NEUTRAL

Prior NEUTRAL

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

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💰 Best Value Under $1

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⏰ 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 15 of results (avg 8.9%, best 7.3%)

CALLS (3)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$375.00	Aug 21	35.20	38.30	$36.75	8.4%	1	0.54	1
$390.00	Aug 21	28.50	31.30	$29.90	9.4%	29	0.48	45
$310.00	Jul 31	64.00	70.60	$67.30	9.8%	--	0.95	18

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$410.00	Aug 21	53.10	57.10	$55.10	7.3%	21	0.60	107
$415.00	Aug 7	47.30	51.30	$49.30	8.1%	5	0.70	44
$405.00	Aug 7	39.80	43.20	$41.50	8.2%	--	0.64	10
$440.00	Aug 21	74.50	81.00	$77.75	8.4%	--	0.70	220
$430.00	Aug 21	67.00	73.00	$70.00	8.6%	--	0.68	153

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. 113 found (avg delta 0.65, highest 0.95)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$305.00	Jul 31	68.00	75.30	$71.65	10.2%	--	0.95	25
$310.00	Jul 31	64.00	70.60	$67.30	9.8%	--	0.95	18
$320.00	Jul 31	54.00	62.00	$58.00	13.8%	--	0.91	13
$310.00	Aug 7	67.00	74.90	$70.95	11.1%	2	0.86	2
$310.00	Aug 14	70.00	78.00	$74.00	10.8%	18	0.85	2

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$450.00	Jul 31	71.30	79.00	$75.15	10.2%	29	0.94	34
$445.00	Jul 31	67.00	74.00	$70.50	9.9%	1	0.92	3
$440.00	Jul 31	62.20	69.00	$65.60	10.4%	1	0.92	27
$430.00	Jul 31	53.10	60.00	$56.55	12.2%	5	0.89	24
$435.00	Jul 31	57.50	65.00	$61.25	12.2%	1	0.88	4

Most actively traded options today. High liquidity = easy entry/exit. 233 active (total vol 3.9K, top 480)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$375.00	Jul 31	15.80	19.90	$17.85	23.0%	445	0.55	9
$400.00	Jul 31	4.00	11.50	$7.75	96.8%	71	0.32	14
$380.00	Jul 31	13.30	16.70	$15.00	22.7%	65	0.50	3
$400.00	Aug 21	24.40	30.00	$27.20	20.6%	49	0.44	53
$450.00	Aug 21	9.00	16.70	$12.85	59.9%	41	0.26	125

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$375.00	Jul 31	14.40	18.90	$16.65	27.0%	480	0.45	57
$315.00	Jul 31	0.00	2.00	$1.00	200.0%	322	0.05	167
$310.00	Jul 31	0.70	1.70	$1.20	83.3%	158	0.06	5.0K
$305.00	Jul 31	0.10	2.40	$1.25	184.0%	135	0.05	4.1K
$330.00	Aug 14	8.00	13.70	$10.85	52.5%	80	0.23	9

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 63 strikes (avg 18.6%, max 45.9%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$350.00	Jul 31	Aug 21	125.4%	91.4%	37.2%	2	91
$310.00	Jul 31	Aug 14	124.4%	92.0%	35.3%	18	20
$367.50	Jul 31	Aug 7	124.1%	92.2%	34.6%	5	18
$360.00	Jul 31	Aug 28	121.1%	90.4%	34.0%	2	42
$412.50	Jul 31	Aug 7	111.1%	87.7%	26.6%	10	2

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$345.00	Jul 31	Aug 28	134.8%	92.4%	45.9%	8	100
$305.00	Jul 31	Aug 21	133.8%	92.9%	43.9%	154	4.1K
$350.00	Jul 31	Aug 28	125.4%	90.6%	38.5%	15	714
$325.00	Jul 31	Aug 28	128.8%	94.4%	36.4%	6	103
$335.00	Jul 31	Aug 28	124.4%	92.4%	34.6%	13	50

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 175 found (best R:R 24.00, avg 2.73)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$425.00	$427.50	Jul 31	$0.10	$2.40	$0.10	24.00	$425.10
$370.00	$372.50	Aug 7	$0.10	$2.40	$0.10	24.00	$370.10
$420.00	$422.50	Jul 31	$0.15	$2.35	$0.15	15.67	$420.15
$445.00	$450.00	Aug 21	$0.60	$4.40	$0.60	7.33	$445.60
$445.00	$450.00	Aug 7	$0.61	$4.39	$0.61	7.20	$445.61

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$335.00	$332.50	Jul 31	$0.15	$2.35	$0.15	15.67	$334.85
$385.00	$382.50	Aug 7	$0.15	$2.35	$0.15	15.67	$384.85
$332.50	$330.00	Jul 31	$0.22	$2.28	$0.22	10.36	$332.28
$315.00	$310.00	Aug 7	$0.45	$4.55	$0.45	10.11	$314.55
$325.00	$320.00	Aug 14	$0.45	$4.55	$0.45	10.11	$324.55

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 238 found (best R:R 24.00, avg 2.11)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$377.50	$380.00	Jul 31	$2.40	$2.40	$0.10	24.00	$379.90
$310.00	$320.00	Jul 31	$9.30	$9.30	$0.70	13.29	$319.30
$305.00	$310.00	Jul 31	$4.35	$4.35	$0.65	6.69	$309.35
$367.50	$370.00	Aug 7	$2.15	$2.15	$0.35	6.14	$369.65
$402.50	$405.00	Jul 31	$2.10	$2.10	$0.40	5.25	$404.60

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$357.50	$355.00	Jul 31	$2.40	$2.40	$0.10	24.00	$355.10
$420.00	$415.00	Aug 7	$4.80	$4.80	$0.20	24.00	$415.20
$420.00	$415.00	Jul 31	$4.70	$4.70	$0.30	15.67	$415.30
$435.00	$430.00	Jul 31	$4.70	$4.70	$0.30	15.67	$430.30
$372.50	$370.00	Aug 14	$2.35	$2.35	$0.15	15.67	$370.15

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 66 found (avg debit $6.81, cheapest $2.63)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$440.00	Jul 31	Aug 7	$3.63	97.0%	86.6%
$310.00	Jul 31	Aug 7	$3.65	124.4%	112.1%
$450.00	Jul 31	Aug 7	$4.07	98.7%	94.8%
$445.00	Jul 31	Aug 7	$4.30	101.9%	94.6%
$412.50	Jul 31	Aug 7	$4.40	111.1%	87.7%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$305.00	Jul 31	Aug 7	$2.63	133.8%	106.6%
$320.00	Jul 31	Aug 7	$3.00	126.7%	98.3%
$450.00	Jul 31	Aug 7	$3.35	98.7%	94.8%
$325.00	Jul 31	Aug 7	$3.55	128.8%	100.4%
$350.00	Jul 31	Aug 7	$3.75	125.4%	91.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 93 found (cheapest 8.79% of stock, avg 16.84%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$370.00	Jul 31	$19.65	$13.50	$33.15	$336.85	$403.15	8.79%
$372.50	Jul 31	$18.40	$14.80	$33.20	$339.30	$405.70	8.80%
$380.00	Jul 31	$15.00	$19.25	$34.25	$345.75	$414.25	9.08%
$377.50	Jul 31	$17.40	$17.05	$34.45	$343.05	$411.95	9.13%
$375.00	Jul 31	$17.85	$16.65	$34.50	$340.50	$409.50	9.14%
$387.50	Jul 31	$12.00	$22.65	$34.65	$352.85	$422.15	9.18%
$365.00	Jul 31	$23.55	$11.20	$34.75	$330.25	$399.75	9.21%
$385.00	Jul 31	$12.70	$22.65	$35.35	$349.65	$420.35	9.37%
$367.50	Jul 31	$22.30	$14.45	$36.75	$330.75	$404.25	9.74%
$390.00	Jul 31	$11.45	$25.55	$37.00	$353.00	$427.00	9.81%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 6.61% of stock, avg 14.11%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$390.00	$370.00	Jul 31	$11.45	$13.50	$24.95	$345.05	$414.95
$387.50	$370.00	Jul 31	$12.00	$13.50	$25.50	$344.50	$413.00
$390.00	$367.50	Jul 31	$11.45	$14.45	$25.90	$341.60	$415.90
$385.00	$370.00	Jul 31	$12.70	$13.50	$26.20	$343.80	$411.20
$390.00	$372.50	Jul 31	$11.45	$14.80	$26.25	$346.25	$416.25
$387.50	$367.50	Jul 31	$12.00	$14.45	$26.45	$341.05	$413.95
$387.50	$372.50	Jul 31	$12.00	$14.80	$26.80	$345.70	$414.30
$385.00	$367.50	Jul 31	$12.70	$14.45	$27.15	$340.35	$412.15
$385.00	$372.50	Jul 31	$12.70	$14.80	$27.50	$345.00	$412.50
$390.00	$375.00	Jul 31	$11.45	$16.65	$28.10	$346.90	$418.10

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 330 found (best R:R 32.33, avg credit $5.61)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
345/350	385/390	Aug 14	$4.85	$0.15	32.33	$345.15	$389.85
305/310	330/340	Aug 21	$9.60	$0.40	24.00	$300.40	$339.60
310/315	350/355	Aug 21	$4.80	$0.20	24.00	$310.20	$354.80
315/320	350/355	Aug 21	$4.80	$0.20	24.00	$315.20	$354.80
355/360	445/450	Sep 4	$4.80	$0.20	24.00	$355.20	$449.80
360/365	370/375	Sep 4	$4.80	$0.20	24.00	$360.20	$374.80
335/340	360/368	Aug 7	$7.15	$0.35	20.43	$332.85	$367.15
355/360	385/390	Aug 14	$4.75	$0.25	19.00	$355.25	$389.75
305/310	355/360	Aug 21	$4.75	$0.25	19.00	$305.25	$359.75
370/375	445/450	Sep 4	$4.75	$0.25	19.00	$370.25	$449.75

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 80 found (best R:R 49.00, cheapest $0.10)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$372.50	$375.00	$377.50	Jul 31	$0.10	$2.40	24.00
$375.00	$380.00	$385.00	Aug 14	$0.20	$4.80	24.00
$385.00	$387.50	$390.00	Jul 31	$0.15	$2.35	15.67
$310.00	$330.00	$350.00	Aug 7	$1.25	$18.75	15.00
$440.00	$445.00	$450.00	Aug 21	$0.50	$4.50	9.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$400.00	$405.00	$410.00	Aug 14	$0.10	$4.90	49.00
$410.00	$420.00	$430.00	Aug 21	$0.20	$9.80	49.00
$420.00	$430.00	$440.00	Aug 21	$0.20	$9.80	49.00
$390.00	$395.00	$400.00	Aug 14	$0.20	$4.80	24.00
$335.00	$340.00	$345.00	Aug 28	$0.25	$4.75	19.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 27 found (best net $-2.20, 25 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$410.00	$450.00	1:2	Aug 14	-$2.20	$37.80
$320.00	$350.00	1:2	Jul 31	-$7.80	$22.20
$365.00	$400.00	1:2	Aug 28	-$15.20	$19.80
$320.00	$350.00	1:2	Aug 14	-$24.60	$5.40
$447.50	$450.00	1:2	Jul 31	-$0.05	$2.45

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$355.00	$330.00	1:2	Sep 4	-$15.05	$9.95
$315.00	$310.00	1:2	Jul 31	-$1.40	$3.60
$325.00	$320.00	1:2	Jul 31	-$1.45	$3.55
$310.00	$305.00	1:2	Aug 7	-$2.36	$2.64
$307.50	$305.00	1:2	Jul 31	-$0.55	$1.95

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 79 found (best yield 9.01%, avg 3.43%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$400.00	Sep 4	$34.00	0.48	6.0%	9.01%	15.04%	--	27
$380.00	Aug 21	$30.30	0.52	0.7%	8.03%	8.76%	2	22
$385.00	Aug 21	$29.90	0.50	2.0%	7.93%	9.97%	1	20
$390.00	Aug 21	$28.50	0.48	3.4%	7.55%	10.93%	29	45
$380.00	Aug 14	$27.40	0.52	0.7%	7.26%	7.99%	10	6
$420.00	Sep 4	$27.00	0.42	11.3%	7.16%	18.48%	1	1
$387.50	Aug 21	$26.00	0.49	2.7%	6.89%	9.60%	--	11
$400.00	Aug 28	$26.00	0.46	6.0%	6.89%	12.92%	9	3
$395.00	Aug 21	$25.60	0.46	4.7%	6.79%	11.49%	16	11
$397.50	Aug 21	$25.30	0.45	5.4%	6.71%	12.07%	--	10

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 4,623

Total Puts 3,898

Put/Call Ratio 0.84

Net Difference 725

Prior's Put/Call Breakdown

Total Calls 4,524

Total Puts 4,017

Put/Call Ratio 0.89

Net Difference 507

Prior 7-Day Put/Call Summary

Total Calls 33,371

Total Puts 28,455

Average Put/Call Ratio 0.82

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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