CIEN - Options Database

CIEN

CIENA CORP

$350.51 -7.09%

$351.00 (+0.14%)🌙

as of 07/28 06:08 PM

(7/28 15:05) ◀

Tuesday, July 28, 2026 (6:08pm)

▶ (7/29 15:05)

◀ 7/28 18:08 ▶

Option Volume

Detail

ℹ

Current (07/28) 11,176

Calls: 6,908 (62%)

Puts: 4,268 (38%)

Prior (07/27) 8,521

Calls: 4,623 (54%)

Puts: 3,898 (46%)

Current vs Prior +31.16%

Calls: +49.43% (Calls)

Puts: +9.49% (Puts)

Prior 7-Day Total 54,460

Calls: 30,606 (56%)

Puts: 23,854 (44%)

Prior 7-Day Average 7,780

Calls: 4,372 (56%)

Puts: 3,407 (44%)

Current vs Prior 7-Day Avg +43.65%

Calls: +58.00%

Puts: +25.25%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/28) $20.65M

Calls: $11.14M (54%)

Puts: $9.51M (46%)

Prior (07/27) $13.37M

Calls: $6.63M (50%)

Puts: $6.74M (50%)

Current vs Prior +54.45%

Calls: +68.15%

Puts: +40.99%

Prior 7-Day Total $100.55M

Calls: $45.65M (45%)

Puts: $54.89M (55%)

Prior 7-Day Average $14.36M

Calls: $6.52M (45%)

Puts: $7.84M (55%)

Current vs Prior 7-Day Avg +43.76%

Calls: +70.84%

Puts: +21.25%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/28) 0.62

Prior (07/27) 0.84

Current vs Prior -26.73%

Prior 7-Day Average 0.78

Current vs Prior 7-Day Avg -20.90%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (07/28) 94,544

Calls: 46,148 (49%)

Puts: 48,396 (51%)

Prior (07/27) 90,383

Calls: 43,676 (48%)

Puts: 46,707 (52%)

Current vs Prior +4.60%

Prior 7-Day Total 568,917

Calls: 272,786 (48%)

Puts: 296,131 (52%)

Prior 7-Day Average 81,273

Calls: 38,969 (48%)

Puts: 42,304 (52%)

Current vs Prior 7-Day Avg +16.33%

Sentiment BULLISH

Expected Move

Detail

ℹ

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

Current 8.19% | 12.77%19.21% | 30.17%

Prior 9.25% | 13.36%19.50% | 29.62%

Current vs Prior -11.49% | -4.43%-1.44% | +1.86%

Prior 7-Day Avg 8.79% | 13.62%18.31% | 30.23%

Current vs 7-Day Avg -6.86% | -6.26%+4.92% | -0.20%

Prior 7-Day Eod 9.25% | 13.36%19.50% | 29.62%

Current vs 7-Day Eod -11.49% | -4.43%-1.44% | +1.86%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 18.54% | 15.32%

Calls: 26.47% | 15.31%

Puts: 10.60% | 15.32%

Prior 10.16% | 14.62%

Calls: 12.87% | 17.21%

Puts: 7.45% | 12.04%

Current vs Prior +82.48% | +4.79%

Prior 7-Day Avg 46.29% | 15.43%

Calls: 39.08% | 13.55%

Puts: 53.50% | 17.32%

Current vs 7-Day Avg -59.95% | -0.74%

Liquidity Expensive

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🤖 AI Insights

Elevated premium activity with dollar volume up 54% vs prior. Bullish P/C ratio of 0.62. P/C ratio dropping 27% - 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 NEUTRAL

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

📈 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

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 7 of results (avg 8.8%, best 6.6%)

CALLS (0)

No calls meet the criteria

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$410.00	Aug 21	69.10	73.80	$71.45	6.6%	2	0.72	125
$395.00	Aug 21	57.70	62.70	$60.20	8.3%	--	0.66	10
$380.00	Aug 21	47.80	52.00	$49.90	8.4%	3	0.60	242
$420.00	Aug 21	76.70	84.00	$80.35	9.1%	15	0.75	159
$345.00	Aug 21	28.30	31.10	$29.70	9.4%	16	0.43	24

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. 134 found (avg delta 0.68, highest 0.94)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$300.00	Jul 31	47.00	55.90	$51.45	17.3%	2	0.90	33
$305.00	Jul 31	43.00	50.30	$46.65	15.6%	--	0.90	25
$310.00	Jul 31	38.00	45.70	$41.85	18.4%	6	0.87	18
$300.00	Aug 7	52.00	59.90	$55.95	14.1%	15	0.84	4
$290.00	Aug 14	64.00	72.70	$68.35	12.7%	1	0.83	1

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$420.00	Jul 31	67.90	75.00	$71.45	9.9%	4	0.94	34
$410.00	Jul 31	58.10	66.00	$62.05	12.7%	--	0.94	47
$415.00	Jul 31	63.00	70.00	$66.50	10.5%	10	0.91	21
$400.00	Jul 31	49.00	56.00	$52.50	13.3%	28	0.90	68
$402.50	Jul 31	50.80	58.00	$54.40	13.2%	3	0.88	4

Most actively traded options today. High liquidity = easy entry/exit. 261 active (total vol 5.4K, top 714)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$410.00	Jul 31	0.25	1.45	$0.85	141.2%	648	0.06	697
$342.50	Jul 31	16.20	20.50	$18.35	23.4%	630	0.60	--
$330.00	Aug 7	30.40	37.20	$33.80	20.1%	83	0.67	50
$400.00	Jul 31	0.80	2.10	$1.45	89.7%	69	0.09	58
$332.50	Aug 7	29.70	34.30	$32.00	14.4%	65	0.65	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$350.00	Jul 31	12.50	15.30	$13.90	20.1%	714	0.48	692
$307.50	Jul 31	1.35	5.20	$3.28	117.4%	632	0.14	102
$305.00	Jul 31	1.10	2.90	$2.00	90.0%	172	0.10	4.1K
$345.00	Jul 31	10.40	16.00	$13.20	42.4%	73	0.43	74
$325.00	Aug 7	10.10	13.30	$11.70	27.4%	60	0.30	29

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 74 strikes (avg 28.3%, max 57.4%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$320.00	Jul 31	Aug 21	145.8%	92.7%	57.4%	27	19
$415.00	Jul 31	Aug 21	136.9%	87.8%	55.9%	47	79
$405.00	Jul 31	Aug 21	133.7%	88.4%	51.4%	5	80
$387.50	Jul 31	Aug 21	133.2%	90.2%	47.7%	2	15
$402.50	Jul 31	Aug 21	128.2%	88.8%	44.4%	1	22

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$320.00	Jul 31	Sep 4	145.8%	98.8%	47.6%	16	85
$405.00	Jul 31	Aug 28	133.7%	91.9%	45.5%	8	55
$402.50	Jul 31	Aug 21	128.2%	88.8%	44.4%	3	15
$325.00	Jul 31	Aug 21	130.5%	91.7%	42.4%	33	107
$415.00	Jul 31	Sep 4	136.9%	97.1%	40.9%	12	21

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 184 found (best R:R 15.67, avg 2.32)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$415.00	$420.00	Aug 14	$0.30	$4.70	$0.30	15.67	$415.30
$415.00	$417.50	Aug 21	$0.15	$2.35	$0.15	15.67	$415.15
$395.00	$400.00	Aug 7	$0.35	$4.65	$0.35	13.29	$395.35
$407.50	$410.00	Aug 21	$0.30	$2.20	$0.30	7.33	$407.80
$370.00	$375.00	Aug 14	$0.65	$4.35	$0.65	6.69	$370.65

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$325.00	$322.50	Jul 31	$0.15	$2.35	$0.15	15.67	$324.85
$315.00	$312.50	Aug 7	$0.20	$2.30	$0.20	11.50	$314.80
$295.00	$290.00	Aug 14	$0.65	$4.35	$0.65	6.69	$294.35
$340.00	$335.00	Aug 21	$0.75	$4.25	$0.75	5.67	$339.25
$310.00	$300.00	Aug 14	$1.65	$8.35	$1.65	5.06	$308.35

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 250 found (best R:R 49.00, avg 2.26)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$300.00	$305.00	Jul 31	$4.80	$4.80	$0.20	24.00	$304.80
$305.00	$310.00	Jul 31	$4.80	$4.80	$0.20	24.00	$309.80
$335.00	$337.50	Aug 7	$2.35	$2.35	$0.15	15.67	$337.35
$357.50	$360.00	Aug 7	$2.30	$2.30	$0.20	11.50	$359.80
$315.00	$320.00	Aug 14	$4.25	$4.25	$0.75	5.67	$319.25

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$395.00	$390.00	Aug 7	$4.90	$4.90	$0.10	49.00	$390.10
$380.00	$375.00	Aug 7	$4.80	$4.80	$0.20	24.00	$375.20
$405.00	$402.50	Jul 31	$2.35	$2.35	$0.15	15.67	$402.65
$400.00	$395.00	Jul 31	$4.65	$4.65	$0.35	13.29	$395.35
$412.50	$405.00	Aug 7	$6.95	$6.95	$0.55	12.64	$405.55

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 78 found (avg debit $6.98, cheapest $2.05)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$315.00	Aug 14	Aug 21	$2.25	92.4%	92.4%
$420.00	Jul 31	Aug 7	$3.34	123.9%	100.3%
$387.50	Jul 31	Aug 7	$3.75	133.2%	93.6%
$415.00	Jul 31	Aug 7	$4.12	136.9%	107.0%
$300.00	Jul 31	Aug 7	$4.50	137.7%	102.1%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$420.00	Jul 31	Aug 7	$2.05	123.9%	100.3%
$415.00	Jul 31	Aug 7	$3.05	136.9%	107.0%
$292.50	Jul 31	Aug 7	$3.13	137.6%	105.3%
$282.50	Jul 31	Aug 7	$3.18	135.8%	113.8%
$295.00	Jul 31	Aug 7	$3.20	129.3%	101.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 103 found (cheapest 7.86% of stock, avg 16.64%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$352.50	Jul 31	$12.70	$14.85	$27.55	$324.95	$380.05	7.86%
$350.00	Jul 31	$13.85	$13.90	$27.75	$322.25	$377.75	7.92%
$347.50	Jul 31	$15.50	$12.40	$27.90	$319.60	$375.40	7.96%
$357.50	Jul 31	$10.55	$17.85	$28.40	$329.10	$385.90	8.10%
$360.00	Jul 31	$9.15	$19.45	$28.60	$331.40	$388.60	8.16%
$355.00	Jul 31	$12.65	$16.35	$29.00	$326.00	$384.00	8.27%
$337.50	Jul 31	$21.35	$8.50	$29.85	$307.65	$367.35	8.52%
$362.50	Jul 31	$8.80	$21.15	$29.95	$332.55	$392.45	8.54%
$335.00	Jul 31	$22.15	$7.85	$30.00	$305.00	$365.00	8.56%
$345.00	Jul 31	$16.80	$13.20	$30.00	$315.00	$375.00	8.56%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 5.19% of stock, avg 13.57%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$362.50	$340.00	Jul 31	$8.80	$9.40	$18.20	$321.80	$380.70
$360.00	$340.00	Jul 31	$9.15	$9.40	$18.55	$321.45	$378.55
$357.50	$340.00	Jul 31	$10.55	$9.40	$19.95	$320.05	$377.45
$362.50	$342.50	Jul 31	$8.80	$12.00	$20.80	$321.70	$383.30
$360.00	$342.50	Jul 31	$9.15	$12.00	$21.15	$321.35	$381.15
$362.50	$347.50	Jul 31	$8.80	$12.40	$21.20	$326.30	$383.70
$360.00	$347.50	Jul 31	$9.15	$12.40	$21.55	$325.95	$381.55
$362.50	$345.00	Jul 31	$8.80	$13.20	$22.00	$323.00	$384.50
$355.00	$340.00	Jul 31	$12.65	$9.40	$22.05	$317.95	$377.05
$352.50	$340.00	Jul 31	$12.70	$9.40	$22.10	$317.90	$374.60

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 300 found (best R:R 49.00, avg credit $5.44)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
290/295	315/320	Aug 14	$4.90	$0.10	49.00	$290.10	$319.90
335/340	365/370	Aug 14	$4.90	$0.10	49.00	$335.10	$369.90
305/310	350/358	Aug 21	$7.35	$0.15	49.00	$302.65	$357.35
290/295	350/355	Aug 28	$4.90	$0.10	49.00	$290.10	$354.90
305/320	325/340	Aug 28	$14.70	$0.30	49.00	$305.30	$339.70
340/345	350/358	Aug 21	$7.30	$0.20	36.50	$337.70	$357.30
345/350	360/365	Aug 21	$4.85	$0.15	32.33	$345.15	$364.85
290/295	365/370	Aug 28	$4.85	$0.15	32.33	$290.15	$369.85
305/308	310/320	Jul 31	$9.68	$0.32	30.25	$297.82	$319.68
295/300	302/310	Aug 7	$7.20	$0.30	24.00	$292.80	$309.70

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 96 found (best R:R 49.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$395.00	$397.50	$400.00	Aug 21	$0.05	$2.45	49.00
$320.00	$330.00	$340.00	Aug 21	$0.35	$9.65	27.57
$330.00	$332.50	$335.00	Aug 7	$0.10	$2.40	24.00
$385.00	$387.50	$390.00	Aug 7	$0.10	$2.40	24.00
$405.00	$407.50	$410.00	Aug 21	$0.10	$2.40	24.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$385.00	$390.00	$395.00	Aug 28	$0.10	$4.90	49.00
$320.00	$325.00	$330.00	Aug 21	$0.15	$4.85	32.33
$320.00	$340.00	$360.00	Sep 4	$0.75	$19.25	25.67
$355.00	$357.50	$360.00	Jul 31	$0.10	$2.40	24.00
$357.50	$360.00	$362.50	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. 32 found (best net $-10.70, 31 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$320.00	$350.00	1:2	Aug 14	-$10.70	$19.30
$380.00	$400.00	1:2	Aug 14	-$6.30	$13.70
$400.00	$410.00	1:2	Aug 7	-$3.15	$6.85
$360.00	$375.00	1:2	Aug 7	-$9.40	$5.60
$400.00	$420.00	1:2	Sep 4	-$14.95	$5.05

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$300.00	$295.00	1:2	Jul 31	-$0.27	$4.73
$320.00	$305.00	1:2	Aug 28	-$11.30	$3.70
$287.50	$285.00	1:2	Jul 31	-$0.01	$2.49
$292.50	$290.00	1:2	Jul 31	-$0.23	$2.27
$285.00	$282.50	1:2	Jul 31	-$0.62	$1.88

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 82 found (best yield 10.84%, avg 3.38%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$355.00	Sep 4	$38.00	0.54	1.3%	10.84%	12.12%	10	1
$370.00	Sep 4	$32.00	0.49	5.6%	9.13%	14.69%	--	10
$355.00	Aug 28	$31.00	0.53	1.3%	8.84%	10.13%	--	10
$375.00	Sep 4	$30.00	0.47	7.0%	8.56%	15.55%	11	2
$360.00	Aug 28	$29.00	0.51	2.7%	8.27%	10.98%	1	23
$365.00	Aug 28	$27.00	0.48	4.1%	7.70%	11.84%	--	14
$357.50	Aug 21	$25.10	0.50	2.0%	7.16%	9.16%	3	--
$370.00	Aug 28	$25.00	0.47	5.6%	7.13%	12.69%	1	2
$360.00	Aug 21	$24.90	0.49	2.7%	7.10%	9.81%	1	30
$365.00	Aug 21	$24.30	0.47	4.1%	6.93%	11.07%	9	1

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 6,908

Total Puts 4,268

Put/Call Ratio 0.62

Net Difference 2,640

Prior's Put/Call Breakdown

Total Calls 4,623

Total Puts 3,898

Put/Call Ratio 0.84

Net Difference 725

Prior 7-Day Put/Call Summary

Total Calls 30,606

Total Puts 23,854

Average Put/Call Ratio 0.78

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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