CIEN - Options Database

CIEN

CIENA CORP

$377.05 +1.34%

$378.00 (+0.25%)🌙

as of 07/31 06:04 PM

(7/31 15:05) ◀

Friday, July 31, 2026 (6:04pm)

▶ (8/3 15:05)

◀ 7/31 18:04 ▶

Option Volume

Detail

ℹ

Current (07/31) 10,137

Calls: 4,582 (45%)

Puts: 5,555 (55%)

Prior (07/30) 10,312

Calls: 4,613 (45%)

Puts: 5,699 (55%)

Current vs Prior -1.70%

Calls: -0.67% (Calls)

Puts: -2.53% (Puts)

Prior 7-Day Total 56,783

Calls: 32,092 (57%)

Puts: 24,691 (43%)

Prior 7-Day Average 8,111

Calls: 4,584 (57%)

Puts: 3,527 (43%)

Current vs Prior 7-Day Avg +24.97%

Calls: -0.06%

Puts: +57.49%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (07/31) $20.89M

Calls: $9.31M (45%)

Puts: $11.58M (55%)

Prior (07/30) $35.16M

Calls: $13.63M (39%)

Puts: $21.53M (61%)

Current vs Prior -40.59%

Calls: -31.72%

Puts: -46.21%

Prior 7-Day Total $121.54M

Calls: $50.55M (42%)

Puts: $70.99M (58%)

Prior 7-Day Average $17.36M

Calls: $7.22M (42%)

Puts: $10.14M (58%)

Current vs Prior 7-Day Avg +20.28%

Calls: +28.88%

Puts: +14.16%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (07/31) 1.21

Prior (07/30) 1.24

Current vs Prior -1.87%

Prior 7-Day Average 0.76

Current vs Prior 7-Day Avg +58.75%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (07/31) 107,291

Calls: 54,634 (51%)

Puts: 52,657 (49%)

Prior (07/30) 102,502

Calls: 52,180 (51%)

Puts: 50,322 (49%)

Current vs Prior +4.67%

Prior 7-Day Total 490,225

Calls: 235,088 (48%)

Puts: 255,137 (52%)

Prior 7-Day Average 70,032

Calls: 33,584 (48%)

Puts: 36,448 (52%)

Current vs Prior 7-Day Avg +53.20%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 2.47% | 11.51%17.44% | 29.01%

Prior 4.76% | 11.66%17.12% | 27.47%

Current vs Prior +141.96% | +28.92%+1.86% | +5.63%

Prior 7-Day Avg 7.54% | 12.85%19.60% | 30.13%

Current vs 7-Day Avg +52.72% | +16.99%-11.05% | -3.69%

Prior 7-Day Eod 4.76% | 11.66%17.12% | 27.47%

Current vs 7-Day Eod +141.96% | +28.92%+1.86% | +5.63%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 100.38% | 17.25%

Calls: 90.00% | 11.82%

Puts: 110.76% | 22.68%

Prior 29.35% | 17.07%

Calls: 29.01% | 20.39%

Puts: 29.69% | 13.76%

Current vs Prior +242.01% | +1.05%

Prior 7-Day Avg 29.37% | 16.25%

Calls: 31.65% | 16.70%

Puts: 27.09% | 15.81%

Current vs 7-Day Avg +241.73% | +6.14%

Liquidity Expensive

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🤖 AI Insights

Bearish P/C ratio of 1.21 indicates protective positioning.

Smart Money BEARISH

Retail Flow BEARISH

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BEARISH

7-Day Avg BEARISH

Current NEUTRAL

Prior BEARISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BEARISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

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🎯 Tightest Spreads

💰 Best Value Under $1

📊 High Delta (ITM)

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⏰ Backwardation

📈 Debit Spreads

📉 Credit Spreads

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⚡ Straddles

🔀 Strangles

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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 5 of results (avg 8.9%, best 8.2%)

CALLS (1)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$310.00	Aug 28	76.70	84.00	$80.35	9.1%	5	0.81	6

PUTS (4)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$350.00	Aug 28	22.20	24.10	$23.15	8.2%	6	0.33	33
$440.00	Aug 21	69.20	75.20	$72.20	8.3%	4	0.74	220
$420.00	Aug 21	54.60	60.00	$57.30	9.4%	2	0.66	156
$440.00	Sep 4	79.00	86.90	$82.95	9.5%	--	0.64	11

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. 131 found (avg delta 0.70, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$315.00	Jul 31	58.50	67.00	$62.75	13.5%	--	1.00	104
$340.00	Jul 31	33.50	42.00	$37.75	22.5%	1	0.99	27
$310.00	Jul 31	63.10	72.00	$67.55	13.2%	10	0.99	22
$350.00	Jul 31	23.20	32.00	$27.60	31.9%	5	0.96	12
$305.00	Jul 31	68.40	77.00	$72.70	11.8%	--	0.95	25

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$410.00	Jul 31	28.00	36.90	$32.45	27.4%	5	0.94	45
$402.50	Jul 31	21.00	30.00	$25.50	35.3%	1	0.94	1
$405.00	Jul 31	23.00	32.50	$27.75	34.2%	1	0.91	36
$450.00	Aug 7	70.00	79.00	$74.50	12.1%	--	0.91	16
$400.00	Jul 31	18.00	26.40	$22.20	37.8%	28	0.88	45

Most actively traded options today. High liquidity = easy entry/exit. 231 active (total vol 6.8K, top 1.1K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$400.00	Aug 7	7.70	14.80	$11.25	63.1%	793	0.35	103
$342.50	Jul 31	31.00	39.00	$35.00	22.9%	631	0.87	632
$390.00	Jul 31	0.00	4.80	$2.40	200.0%	74	0.24	118
$425.00	Aug 7	3.20	9.20	$6.20	96.8%	71	0.22	63
$370.00	Jul 31	4.90	12.60	$8.75	88.0%	70	0.74	71

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$325.00	Aug 21	10.10	11.70	$10.90	14.7%	1.1K	0.21	29
$350.00	Aug 7	6.80	11.00	$8.90	47.2%	681	0.27	86
$307.50	Jul 31	0.00	4.80	$2.40	200.0%	630	0.08	700
$335.00	Aug 21	12.90	16.40	$14.65	23.9%	588	0.26	67
$367.50	Jul 31	0.00	2.95	$1.48	199.3%	130	0.20	13

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 797.7%, max 1926.5%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$450.00	Jul 31	Aug 28	1759.7%	86.8%	1926.5%	4	88
$320.00	Jul 31	Aug 21	1771.2%	97.4%	1718.4%	27	42
$445.00	Jul 31	Sep 4	1678.8%	93.8%	1689.5%	--	35
$440.00	Jul 31	Aug 28	1595.9%	89.7%	1678.8%	17	143
$330.00	Jul 31	Aug 21	1523.2%	90.5%	1582.9%	2	68

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$305.00	Jul 31	Aug 21	1828.1%	95.9%	1806.5%	20	4.3K
$320.00	Jul 31	Sep 4	1771.2%	97.4%	1718.3%	23	128
$307.50	Jul 31	Aug 7	2083.6%	115.8%	1699.7%	630	720
$325.00	Jul 31	Sep 4	1637.2%	95.6%	1611.9%	7	102
$330.00	Jul 31	Sep 11	1523.2%	96.5%	1479.1%	47	352

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 167 found (best R:R 15.67, avg 2.46)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$392.50	$395.00	Jul 31	$0.15	$2.35	$0.15	15.67	$392.65
$417.50	$420.00	Aug 21	$0.15	$2.35	$0.15	15.67	$417.65
$410.00	$412.50	Aug 21	$0.20	$2.30	$0.20	11.50	$410.20
$440.00	$445.00	Aug 21	$0.40	$4.60	$0.40	11.50	$440.40
$390.00	$395.00	Aug 21	$0.45	$4.55	$0.45	10.11	$390.45

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$360.00	$355.00	Aug 7	$0.40	$4.60	$0.40	11.50	$359.60
$335.00	$332.50	Aug 7	$0.25	$2.25	$0.25	9.00	$334.75
$370.00	$367.50	Aug 14	$0.30	$2.20	$0.30	7.33	$369.70
$310.00	$305.00	Aug 21	$0.60	$4.40	$0.60	7.33	$309.40
$365.00	$362.50	Aug 14	$0.35	$2.15	$0.35	6.14	$364.65

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 243 found (best R:R 24.00, avg 2.49)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$310.00	$315.00	Jul 31	$4.80	$4.80	$0.20	24.00	$314.80
$342.50	$345.00	Jul 31	$2.40	$2.40	$0.10	24.00	$344.90
$352.50	$355.00	Jul 31	$2.40	$2.40	$0.10	24.00	$354.90
$375.00	$377.50	Aug 21	$2.40	$2.40	$0.10	24.00	$377.40
$322.50	$330.00	Jul 31	$6.90	$6.90	$0.60	11.50	$329.40

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$317.50	$315.00	Jul 31	$2.37	$2.37	$0.13	18.23	$315.13
$342.50	$340.00	Jul 31	$2.35	$2.35	$0.15	15.67	$340.15
$395.00	$392.50	Jul 31	$2.35	$2.35	$0.15	15.67	$392.65
$410.00	$405.00	Jul 31	$4.70	$4.70	$0.30	15.67	$405.30
$435.00	$430.00	Aug 14	$4.70	$4.70	$0.30	15.67	$430.30

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 81 found (avg debit $9.57, cheapest $0.20)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$440.00	Jul 31	Aug 7	$0.38	1595.9%	92.2%
$430.00	Jul 31	Aug 7	$1.70	1423.5%	93.5%
$445.00	Jul 31	Aug 7	$1.80	1678.8%	109.5%
$435.00	Jul 31	Aug 7	$3.25	939.1%	93.8%
$420.00	Jul 31	Aug 7	$3.45	1240.6%	94.5%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$307.50	Jul 31	Aug 7	$0.20	2083.6%	115.8%
$305.00	Jul 31	Aug 7	$0.37	1828.1%	105.6%
$325.00	Jul 31	Aug 7	$1.23	1637.2%	100.9%
$320.00	Jul 31	Aug 7	$1.65	1771.2%	112.7%
$310.00	Jul 31	Aug 7	$1.83	1189.4%	104.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 115 found (cheapest 1.89% of stock, avg 13.82%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$375.00	Jul 31	$4.50	$2.63	$7.13	$367.87	$382.13	1.89%
$372.50	Jul 31	$6.70	$1.60	$8.30	$364.20	$380.80	2.20%
$382.50	Jul 31	$2.35	$6.00	$8.35	$374.15	$390.85	2.21%
$377.50	Jul 31	$5.05	$4.83	$9.88	$367.62	$387.38	2.62%
$380.00	Jul 31	$5.03	$5.45	$10.48	$369.52	$390.48	2.78%
$370.00	Jul 31	$8.75	$1.95	$10.70	$359.30	$380.70	2.84%
$385.00	Jul 31	$2.53	$8.70	$11.23	$373.77	$396.23	2.98%
$367.50	Jul 31	$10.95	$1.48	$12.43	$355.07	$379.93	3.30%
$387.50	Jul 31	$2.45	$10.50	$12.95	$374.55	$400.45	3.43%
$365.00	Jul 31	$13.00	$0.68	$13.68	$351.32	$378.68	3.63%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 1.05% of stock, avg 11.22%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$382.50	$372.50	Jul 31	$2.35	$1.60	$3.95	$368.55	$386.45
$390.00	$372.50	Jul 31	$2.40	$1.60	$4.00	$368.50	$394.00
$387.50	$372.50	Jul 31	$2.45	$1.60	$4.05	$368.45	$391.55
$385.00	$372.50	Jul 31	$2.53	$1.60	$4.13	$368.37	$389.13
$382.50	$370.00	Jul 31	$2.35	$1.95	$4.30	$365.70	$386.80
$390.00	$370.00	Jul 31	$2.40	$1.95	$4.35	$365.65	$394.35
$387.50	$370.00	Jul 31	$2.45	$1.95	$4.40	$365.60	$391.90
$385.00	$370.00	Jul 31	$2.53	$1.95	$4.48	$365.52	$389.48
$382.50	$362.50	Jul 31	$2.35	$2.40	$4.75	$357.75	$387.25
$390.00	$362.50	Jul 31	$2.40	$2.40	$4.80	$357.70	$394.80

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 223 found (best R:R 49.00, avg credit $5.37)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
340/345	355/360	Aug 28	$4.90	$0.10	49.00	$340.10	$359.90
330/335	340/345	Aug 14	$4.85	$0.15	32.33	$330.15	$344.85
358/360	365/370	Aug 14	$4.85	$0.15	32.33	$355.15	$369.85
315/320	370/375	Aug 21	$4.85	$0.15	32.33	$315.15	$374.85
335/340	355/360	Aug 28	$4.85	$0.15	32.33	$335.15	$359.85
305/308	332/342	Aug 7	$9.65	$0.35	27.57	$297.85	$342.15
330/332	370/375	Aug 7	$4.80	$0.20	24.00	$327.70	$374.80
350/355	362/365	Aug 14	$4.80	$0.20	24.00	$350.20	$367.30
350/355	405/410	Aug 28	$4.80	$0.20	24.00	$350.20	$409.80
315/320	330/340	Aug 21	$9.55	$0.45	21.22	$310.45	$339.55

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 96 found (best R:R 99.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$400.00	$410.00	$420.00	Sep 4	$0.15	$9.85	65.67
$402.50	$405.00	$407.50	Aug 7	$0.05	$2.45	49.00
$335.00	$340.00	$345.00	Aug 14	$0.15	$4.85	32.33
$340.00	$345.00	$350.00	Aug 14	$0.15	$4.85	32.33
$365.00	$370.00	$375.00	Sep 4	$0.15	$4.85	32.33

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$420.00	$430.00	$440.00	Aug 21	$0.10	$9.90	99.00
$335.00	$340.00	$345.00	Aug 28	$0.05	$4.95	99.00
$360.00	$365.00	$370.00	Aug 28	$0.10	$4.90	49.00
$410.00	$415.00	$420.00	Aug 7	$0.15	$4.85	32.33
$322.50	$325.00	$327.50	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. 63 found (best net $-20.65, 53 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$310.00	$355.00	1:2	Aug 28	-$20.65	$24.35
$370.00	$400.00	1:2	Aug 28	-$16.60	$13.40
$440.00	$450.00	1:2	Aug 14	-$2.80	$7.20
$430.00	$440.00	1:2	Aug 14	-$5.25	$4.75
$415.00	$420.00	1:2	Jul 31	-$2.40	$2.60

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$370.00	$340.00	1:2	Sep 4	-$13.75	$16.25
$440.00	$400.00	1:2	Sep 4	-$29.85	$10.15
$400.00	$370.00	1:2	Sep 4	-$22.10	$7.90
$315.00	$310.00	1:2	Jul 31	-$0.27	$4.73
$307.50	$305.00	1:2	Jul 31	-$0.06	$2.44

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 74 found (best yield 8.22%, avg 3.35%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$400.00	Sep 4	$31.00	0.48	6.1%	8.22%	14.31%	4	30
$377.50	Aug 21	$30.40	0.55	0.1%	8.06%	8.18%	--	12
$380.00	Aug 21	$29.60	0.54	0.8%	7.85%	8.63%	5	96
$410.00	Sep 4	$27.40	0.45	8.7%	7.27%	16.01%	1	2
$385.00	Aug 21	$26.00	0.51	2.1%	6.90%	9.00%	1	135
$400.00	Aug 28	$25.20	0.46	6.1%	6.68%	12.77%	2	12
$420.00	Sep 4	$25.10	0.42	11.4%	6.66%	18.05%	1	1
$387.50	Aug 21	$24.90	0.50	2.8%	6.60%	9.38%	--	12
$405.00	Aug 28	$23.50	0.44	7.4%	6.23%	13.65%	--	19
$380.00	Aug 14	$23.40	0.52	0.8%	6.21%	6.99%	--	13

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 4,582

Total Puts 5,555

Put/Call Ratio 1.21

Net Difference -973

Prior's Put/Call Breakdown

Total Calls 4,613

Total Puts 5,699

Put/Call Ratio 1.24

Net Difference -1,086

Prior 7-Day Put/Call Summary

Total Calls 32,092

Total Puts 24,691

Average Put/Call Ratio 0.76

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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