Tour v456
CIEN
CIENA CORP
$330.37 -5.75%
$323.80 (-1.99%)🌙
as of 07/29 06:10 PM
(7/29 15:05) ◀
|
Wednesday, July 29, 2026 (6:10pm)
January 2026
|
▶
◀ 7/29 18:10

Option Volume

Detail
ℹ
Current (07/29) 7,297
Calls: 4,398 (60%)
Puts: 2,899 (40%)
Prior (07/28) 11,176
Calls: 6,908 (62%)
Puts: 4,268 (38%)
Current vs Prior -34.71%
Calls: -36.33% (Calls)
Puts: -32.08% (Puts)
Prior 7-Day Total 55,411
Calls: 33,148 (60%)
Puts: 22,263 (40%)
Prior 7-Day Average 7,915
Calls: 4,735 (60%)
Puts: 3,180 (40%)
Current vs Prior 7-Day Avg -7.82%
Calls: -7.13%
Puts: -8.85%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/29) $22.03M
Calls: $4.42M (20%)
Puts: $17.61M (80%)
Prior (07/28) $20.65M
Calls: $11.14M (54%)
Puts: $9.51M (46%)
Current vs Prior +6.67%
Calls: -60.34%
Puts: +85.20%
Prior 7-Day Total $97.66M
Calls: $48.37M (50%)
Puts: $49.29M (50%)
Prior 7-Day Average $13.95M
Calls: $6.91M (50%)
Puts: $7.04M (50%)
Current vs Prior 7-Day Avg +57.89%
Calls: -36.05%
Puts: +150.08%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/29) 0.66
Prior (07/28) 0.62
Current vs Prior +6.69%
Prior 7-Day Average 0.68
Current vs Prior 7-Day Avg -2.72%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/29) 34,184
Calls: 12,448 (36%)
Puts: 21,736 (64%)
Prior (07/28) 94,544
Calls: 46,148 (49%)
Puts: 48,396 (51%)
Current vs Prior -63.84%
Prior 7-Day Total 543,576
Calls: 261,049 (48%)
Puts: 282,527 (52%)
Prior 7-Day Average 77,653
Calls: 37,292 (48%)
Puts: 40,361 (52%)
Current vs Prior 7-Day Avg -55.98%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 7.92% | 12.88%19.93% | 30.78%
Prior 8.19% | 12.77%19.21% | 30.17%
Current vs Prior -3.33% | +0.88%+3.73% | +2.03%
Prior 7-Day Avg 8.40% | 13.24%20.66% | 31.08%
Current vs 7-Day Avg -5.79% | -2.73%-3.53% | -0.94%
Prior 7-Day Eod 8.19% | 12.77%19.21% | 30.17%
Current vs 7-Day Eod -3.33% | +0.88%+3.73% | +2.03%
Sentiment BULLISHBEARISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 29.35% | 17.07%
Calls: 29.01% | 20.39%
Puts: 29.69% | 13.76%
Prior 18.54% | 15.32%
Calls: 26.47% | 15.31%
Puts: 10.60% | 15.32%
Current vs Prior +58.31% | +11.42%
Prior 7-Day Avg 26.46% | 15.68%
Calls: 28.37% | 13.60%
Puts: 24.56% | 17.76%
Current vs 7-Day Avg +10.91% | +8.88%
Liquidity Expensive
+
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🤖 AI Insights

Strong bearish conviction with 80% of dollar volume in puts ($17.61M) vs calls ($4.42M). Dollar volume significantly above 7-day average (58% higher). Bullish P/C ratio of 0.66. Put-heavy open interest (21,736 puts vs 12,448 calls) suggests hedging or bearish positioning.

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 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

🎯 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

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 12 of results (avg 7.5%, best 4.5%)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$350.00Aug 2122.5024.30$23.407.7%30.4591
$355.00Aug 2120.7022.40$21.557.9%10.43--
$345.00Aug 2124.4026.60$25.508.6%10.48--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$360.00Aug 2147.6049.80$48.704.5%290.60266
$340.00Aug 2135.3037.30$36.305.5%180.5079
$335.00Aug 2132.6034.60$33.606.0%170.4740
$370.00Aug 2153.1057.00$55.057.1%50.65--
$330.00Aug 2130.0032.30$31.157.4%40.45355

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. 48 found (avg delta 0.68, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$300.00Jul 3131.0038.00$34.5020.3%100.87--
$270.00Aug 1464.1072.00$68.0511.6%20.86--
$310.00Jul 3122.8030.00$26.4027.3%110.8018
$315.00Jul 3119.4024.70$22.0524.0%2000.743
$320.00Jul 3116.0023.00$19.5035.9%100.7016
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$375.00Jul 3141.0048.10$44.5515.9%21.00--
$380.00Jul 3146.0052.90$49.4514.0%121.0060
$385.00Jul 3151.0058.20$54.6013.2%51.0046
$387.50Jul 3153.0060.00$56.5012.4%21.0026
$390.00Jul 3155.0062.60$58.8012.9%71.00--

Most actively traded options today. High liquidity = easy entry/exit. 160 active (total vol 3.4K, top 430)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$375.00Jul 310.651.85$1.2596.0%4300.10255
$315.00Jul 3119.4024.70$22.0524.0%2000.743
$387.50Jul 310.002.40$1.20200.0%1540.085
$390.00Jul 310.101.10$0.60166.7%1250.0547
$337.50Jul 317.2014.00$10.6064.2%1190.471
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$305.00Aug 2117.9020.00$18.9511.1%2930.3214
$280.00Aug 219.9012.20$11.0520.8%2700.21109
$300.00Jul 311.703.60$2.6571.7%1440.14411
$337.50Jul 3113.1017.40$15.2528.2%1180.5523
$305.00Jul 311.954.20$3.0873.1%870.174.1K

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 34.3%, max 78.3%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$392.50Jul 31Aug 7179.7%100.8%78.3%35108
$387.50Jul 31Aug 21141.8%92.8%52.9%15516
$395.00Jul 31Aug 21141.4%96.4%46.6%746
$365.00Jul 31Aug 21137.6%94.6%45.5%924
$372.50Jul 31Aug 14135.8%94.7%43.4%3--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$270.00Jul 31Aug 28162.1%100.3%61.6%2218
$290.00Jul 31Aug 21147.5%96.1%53.5%17222
$295.00Jul 31Aug 7156.7%104.4%50.2%30209
$380.00Jul 31Aug 21134.0%90.1%48.7%15301
$300.00Jul 31Sep 4143.9%99.1%45.3%146421

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 97 found (best R:R 40.67, avg 3.10)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$367.50$370.00Jul 31$0.12$2.38$0.1219.83$367.62
$380.00$382.50Jul 31$0.15$2.35$0.1515.67$380.15
$382.50$385.00Jul 31$0.17$2.33$0.1713.71$382.67
$377.50$380.00Jul 31$0.20$2.30$0.2011.50$377.70
$357.50$365.00Aug 7$0.65$6.85$0.6510.54$358.15
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$300.00$295.00Jul 31$0.12$4.88$0.1240.67$299.88
$282.50$270.00Jul 31$0.95$11.55$0.9512.16$281.55
$302.50$300.00Aug 7$0.25$2.25$0.259.00$302.25
$295.00$290.00Aug 7$0.80$4.20$0.805.25$294.20
$310.00$305.00Aug 28$0.80$4.20$0.805.25$309.20

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 123 found (best R:R 32.33, avg 1.97)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$310.00$315.00Jul 31$4.35$4.35$0.656.69$314.35
$300.00$310.00Jul 31$8.10$8.10$1.904.26$308.10
$342.50$345.00Jul 31$1.90$1.90$0.603.17$344.40
$270.00$330.00Aug 14$40.90$40.90$19.102.14$310.90
$392.50$395.00Jul 31$1.62$1.62$0.881.84$394.12
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$375.00$370.00Aug 14$4.85$4.85$0.1532.33$370.15
$370.00$365.00Jul 31$4.80$4.80$0.2024.00$365.20
$332.50$330.00Jul 31$2.30$2.30$0.2011.50$330.20
$337.50$335.00Jul 31$2.30$2.30$0.2011.50$335.20
$390.00$387.50Jul 31$2.30$2.30$0.2011.50$387.70

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 41 found (avg debit $8.80, cheapest $1.55)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$392.50Jul 31Aug 7$1.55179.7%100.8%
$385.00Jul 31Aug 7$2.50135.1%90.7%
$390.00Jul 31Aug 7$2.53126.3%91.4%
$395.00Jul 31Aug 7$2.55141.4%97.9%
$380.00Jul 31Aug 7$4.85134.0%104.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$280.00Aug 7Aug 14$2.00109.2%93.6%
$387.50Jul 31Aug 7$4.20141.8%99.7%
$267.50Jul 31Aug 7$4.27182.5%133.8%
$270.00Jul 31Aug 7$4.53162.1%129.5%
$295.00Jul 31Aug 7$4.77156.7%104.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 33 found (cheapest 7.22% of stock, avg 13.57%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$330.00Jul 31$13.80$10.05$23.85$306.15$353.857.22%
$325.00Jul 31$16.60$7.75$24.35$300.65$349.357.37%
$335.00Jul 31$11.50$12.95$24.45$310.55$359.457.40%
$340.00Jul 31$7.70$17.00$24.70$315.30$364.707.48%
$332.50Jul 31$12.70$12.35$25.05$307.45$357.557.58%
$320.00Jul 31$19.50$6.00$25.50$294.50$345.507.72%
$337.50Jul 31$10.60$15.25$25.85$311.65$363.357.82%
$345.00Jul 31$6.80$20.35$27.15$317.85$372.158.22%
$315.00Jul 31$22.05$5.70$27.75$287.25$342.758.40%
$347.50Jul 31$5.85$21.90$27.75$319.75$375.258.40%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 115 found (cheapest 3.59% of stock, avg 10.50%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$347.50$320.00Jul 31$5.85$6.00$11.85$308.15$359.35
$345.00$320.00Jul 31$6.80$6.00$12.80$307.20$357.80
$347.50$325.00Jul 31$5.85$7.75$13.60$311.40$361.10
$340.00$320.00Jul 31$7.70$6.00$13.70$306.30$353.70
$345.00$325.00Jul 31$6.80$7.75$14.55$310.45$359.55
$342.50$320.00Jul 31$8.70$6.00$14.70$305.30$357.20
$340.00$325.00Jul 31$7.70$7.75$15.45$309.55$355.45
$380.00$302.50Aug 7$6.30$9.45$15.75$286.75$395.75
$347.50$330.00Jul 31$5.85$10.05$15.90$314.10$363.40
$347.50$327.50Jul 31$5.85$10.15$16.00$311.50$363.50

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 262 found (best R:R 32.33, avg credit $4.78)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
315/320345/350Aug 21$4.85$0.1532.33$315.15$349.85
335/340345/350Aug 21$4.80$0.2024.00$335.20$349.80
320/325370/372Aug 14$4.75$0.2519.00$320.25$374.75
300/305340/345Aug 21$4.75$0.2519.00$300.25$344.75
325/330388/390Aug 21$4.75$0.2519.00$325.25$392.25
305/310340/345Aug 21$4.70$0.3015.67$305.30$344.70
315/320365/370Aug 21$4.70$0.3015.67$315.30$369.70
320/325338/340Jul 31$4.65$0.3513.29$320.35$342.15
335/340365/370Aug 21$4.65$0.3513.29$335.35$369.65
315/320350/355Aug 21$4.60$0.4011.50$315.40$354.60

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 37 found (best R:R 49.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$320.00$325.00$330.00Jul 31$0.10$4.9049.00
$377.50$380.00$382.50Jul 31$0.05$2.4549.00
$350.00$355.00$360.00Aug 21$0.15$4.8532.33
$355.00$360.00$365.00Aug 21$0.15$4.8532.33
$345.00$350.00$355.00Aug 21$0.25$4.7519.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$375.00$380.00$385.00Jul 31$0.25$4.7519.00
$330.00$335.00$340.00Aug 21$0.25$4.7519.00
$280.00$290.00$300.00Aug 21$0.65$9.3514.38
$310.00$315.00$320.00Aug 21$0.45$4.5510.11
$305.00$310.00$315.00Aug 21$0.50$4.509.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 38 found (best net $-3.35, 33 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$340.00$370.001:2Aug 14-$3.75$26.25
$330.00$350.001:2Aug 7-$5.70$14.30
$372.50$385.001:2Aug 14-$6.25$6.25
$370.00$380.001:2Aug 7-$4.75$5.25
$380.00$385.001:2Aug 7-$0.96$4.04
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$300.00$270.001:2Aug 28-$3.35$26.65
$320.00$305.001:2Aug 7-$4.10$10.90
$290.00$280.001:2Aug 7-$2.60$7.40
$290.00$282.501:2Jul 31-$1.42$6.08
$280.00$275.001:2Aug 7-$0.81$4.19

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 47 found (best yield 8.02%, avg 2.63%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$340.00Aug 21$26.500.502.9%8.02%10.94%555
$345.00Aug 21$24.400.484.4%7.39%11.81%1--
$350.00Aug 21$22.500.455.9%6.81%12.75%391
$360.00Aug 28$21.600.439.0%6.54%15.51%10--
$355.00Aug 21$20.700.437.5%6.27%13.72%1--
$340.00Aug 14$20.500.482.9%6.21%9.12%13
$360.00Aug 21$18.800.409.0%5.69%14.66%129
$365.00Aug 21$17.300.3810.5%5.24%15.72%110
$375.00Aug 28$17.000.3813.5%5.15%18.65%12
$380.00Aug 28$15.300.3615.0%4.63%19.65%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 4,398
Total Puts 2,899
Put/Call Ratio 0.66
Net Difference 1,499

Prior's Put/Call Breakdown

Total Calls 6,908
Total Puts 4,268
Put/Call Ratio 0.62
Net Difference 2,640

Prior 7-Day Put/Call Summary

Total Calls 33,148
Total Puts 22,263
Average Put/Call Ratio 0.68
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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Chart Title

Price — Past 7 Days

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