Tour v490
CIEN
CIENA CORP
$411.13 +5.21%
$408.56 (-0.63%)🌙
as of 08/04 06:14 PM
(8/4 15:05) ◀
|
Tuesday, August 4, 2026 (6:14pm)
January 2026
|
▶ (8/5 15:05)
◀ 8/4 18:14 ▶

Option Volume

Detail
ℹ
Current (08/04) 7,259
Calls: 4,158 (57%)
Puts: 3,101 (43%)
Prior (08/03) 6,013
Calls: 3,840 (64%)
Puts: 2,173 (36%)
Current vs Prior +20.72%
Calls: +8.28% (Calls)
Puts: +42.71% (Puts)
Prior 7-Day Total 61,997
Calls: 33,488 (54%)
Puts: 28,509 (46%)
Prior 7-Day Average 8,856
Calls: 4,784 (54%)
Puts: 4,072 (46%)
Current vs Prior 7-Day Avg -18.04%
Calls: -13.09%
Puts: -23.86%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04) $14.32M
Calls: $10.24M (71%)
Puts: $4.08M (29%)
Prior (08/03) $8.66M
Calls: $5.93M (68%)
Puts: $2.74M (32%)
Current vs Prior +65.34%
Calls: +72.73%
Puts: +49.34%
Prior 7-Day Total $129.70M
Calls: $55.81M (43%)
Puts: $73.89M (57%)
Prior 7-Day Average $18.53M
Calls: $7.97M (43%)
Puts: $10.56M (57%)
Current vs Prior 7-Day Avg -22.70%
Calls: +28.41%
Puts: -61.31%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04) 0.75
Prior (08/03) 0.57
Current vs Prior +31.79%
Prior 7-Day Average 0.86
Current vs Prior 7-Day Avg -13.30%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/04) 35,738
Calls: 21,257 (59%)
Puts: 14,481 (41%)
Prior (08/03) 83,295
Calls: 46,220 (55%)
Puts: 37,075 (45%)
Current vs Prior -57.09%
Prior 7-Day Total 546,807
Calls: 271,414 (50%)
Puts: 275,393 (50%)
Prior 7-Day Average 78,115
Calls: 38,773 (50%)
Puts: 39,341 (50%)
Current vs Prior 7-Day Avg -54.25%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 8.43% | 12.71%15.46% | 27.63%
Prior 9.66% | 13.22%16.49% | 28.20%
Current vs Prior -12.76% | -3.85%-6.28% | -2.02%
Prior 7-Day Avg 8.84% | 13.31%18.44% | 29.39%
Current vs 7-Day Avg -4.67% | -4.51%-16.18% | -5.99%
Prior 7-Day Eod 9.66% | 13.22%16.49% | 28.20%
Current vs 7-Day Eod -12.76% | -3.85%-6.28% | -2.02%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 21.88% | 18.45%
Calls: 21.97% | 20.00%
Puts: 21.79% | 16.90%
Prior 21.66% | 13.57%
Calls: 19.72% | 17.90%
Puts: 23.59% | 9.24%
Current vs Prior +1.02% | +35.96%
Prior 7-Day Avg 36.75% | 15.96%
Calls: 36.73% | 16.59%
Puts: 36.78% | 15.34%
Current vs 7-Day Avg -40.47% | +15.58%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 71% call dollar volume ($10.24M). Elevated premium activity with dollar volume up 65% vs prior. P/C ratio rising 32% - increased hedging/bearish positioning. Declining open interest (down 57%) 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 BULLISH
7-Day Avg BEARISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
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 7 of results (avg 8.4%, best 6.9%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$410.00Sep 1854.3058.20$56.256.9%110.5759
$440.00Sep 1842.0045.20$43.607.3%10.4975
$380.00Sep 1867.1072.80$69.958.1%50.6650
$450.00Sep 1838.5041.90$40.208.5%30.4637
$345.00Sep 1185.0093.00$89.009.0%20.765
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$420.00Aug 2134.5037.80$36.159.1%340.51156
$470.00Sep 1886.0094.60$90.309.5%20.59--

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. 99 found (avg delta 0.64, highest 0.94)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$340.00Aug 768.0077.00$72.5012.4%20.94--
$352.50Aug 757.0065.00$61.0013.1%10.92--
$365.00Aug 745.0054.00$49.5018.2%40.91--
$362.50Aug 748.0056.00$52.0015.4%410.8815
$350.00Aug 1463.0071.70$67.3512.9%100.85--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$475.00Aug 761.0069.20$65.1012.6%10.90--
$470.00Aug 1461.0069.70$65.3513.3%10.78--
$470.00Aug 2166.0073.30$69.6510.5%30.72160
$455.00Aug 2155.0063.60$59.3014.5%200.652
$450.00Aug 2151.0060.00$55.5016.2%200.64--

Most actively traded options today. High liquidity = easy entry/exit. 263 active (total vol 3.6K, top 347)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$410.00Aug 713.0021.00$17.0047.1%2220.5364
$480.00Aug 70.001.95$0.98199.0%1170.06529
$460.00Aug 70.955.60$3.28141.8%930.1533
$400.00Aug 719.0024.50$21.7525.3%720.63950
$470.00Aug 70.002.55$1.27200.8%590.08224
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$415.00Aug 714.4019.50$16.9530.1%3470.5345
$377.50Aug 71.308.50$4.90146.9%1000.207
$385.00Aug 72.0010.30$6.15135.0%830.24438
$380.00Aug 71.309.50$5.40151.9%730.2142
$370.00Aug 72.504.90$3.7064.9%560.15200

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 58 strikes (avg 18.5%, max 53.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$397.50Aug 7Aug 21117.5%88.9%32.1%3322
$445.00Aug 7Aug 28115.6%88.7%30.3%421
$402.50Aug 7Aug 21116.3%89.5%30.0%2329
$407.50Aug 7Aug 21109.5%85.0%28.7%4816
$385.00Aug 7Aug 21110.9%86.8%27.8%5163
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$330.00Aug 7Sep 18147.9%96.6%53.2%8143
$355.00Aug 7Aug 21132.5%91.1%45.5%1955
$335.00Aug 7Sep 11137.3%95.7%43.4%1876
$350.00Aug 7Sep 18131.1%93.3%40.6%55809
$397.50Aug 7Aug 21117.5%88.9%32.1%63

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 3.22)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$465.00$470.00Aug 14$0.20$4.80$0.2024.00$465.20
$455.00$460.00Aug 7$0.22$4.78$0.2221.73$455.22
$420.00$430.00Sep 18$0.70$9.30$0.7013.29$420.70
$482.50$490.00Aug 7$0.68$6.82$0.6810.03$483.18
$450.00$455.00Aug 14$0.50$4.50$0.509.00$450.50
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$350.00$347.50Aug 7$0.10$2.40$0.1024.00$349.90
$340.00$335.00Aug 14$0.22$4.78$0.2221.73$339.78
$370.00$365.00Aug 14$0.25$4.75$0.2519.00$369.75
$375.00$372.50Aug 21$0.15$2.35$0.1515.67$374.85
$335.00$330.00Sep 11$0.30$4.70$0.3015.67$334.70

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 210 found (best R:R 24.00, avg 1.45)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$435.00$440.00Aug 21$4.80$4.80$0.2024.00$439.80
$340.00$352.50Aug 7$11.50$11.50$1.0011.50$351.50
$385.00$387.50Aug 14$2.30$2.30$0.2011.50$387.30
$397.50$400.00Aug 21$2.30$2.30$0.2011.50$399.80
$352.50$362.50Aug 7$9.00$9.00$1.009.00$361.50
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$397.50$395.00Aug 7$2.10$2.10$0.405.25$395.40
$475.00$425.00Aug 7$41.00$41.00$9.004.56$434.00
$390.00$387.50Aug 21$2.05$2.05$0.454.56$387.95
$425.00$417.50Aug 7$5.95$5.95$1.553.84$419.05
$415.00$412.50Aug 14$1.95$1.95$0.553.55$413.05

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 65 found (avg debit $9.26, cheapest $2.03)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$490.00Aug 7Aug 14$3.45121.4%95.1%
$480.00Aug 7Aug 14$4.92108.5%95.9%
$465.00Aug 7Aug 14$5.25116.9%93.3%
$382.50Aug 14Aug 21$6.1597.5%89.0%
$470.00Aug 7Aug 14$6.38103.1%96.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$330.00Aug 7Aug 14$2.03147.9%103.7%
$345.00Aug 14Aug 21$3.10101.5%91.9%
$335.00Aug 7Aug 14$3.20137.3%107.5%
$340.00Aug 7Aug 14$3.42129.1%103.4%
$350.00Aug 7Aug 14$3.72131.1%99.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 56 found (cheapest 7.35% of stock, avg 15.54%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$415.00Aug 7$13.25$16.95$30.20$384.80$445.207.35%
$417.50Aug 7$12.40$18.15$30.55$386.95$448.057.43%
$400.00Aug 7$21.75$9.85$31.60$368.40$431.607.69%
$407.50Aug 7$18.50$14.50$33.00$374.50$440.508.03%
$412.50Aug 7$15.40$17.65$33.05$379.45$445.558.04%
$425.00Aug 7$8.95$24.10$33.05$391.95$458.058.04%
$405.00Aug 7$20.00$13.45$33.45$371.55$438.458.14%
$402.50Aug 7$21.75$13.15$34.90$367.60$437.408.49%
$395.00Aug 7$26.00$9.10$35.10$359.90$430.108.54%
$397.50Aug 7$24.50$11.20$35.70$361.80$433.208.68%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 157 found (cheapest 4.96% of stock, avg 11.60%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$420.00$400.00Aug 7$10.55$9.85$20.40$379.60$440.40
$422.50$400.00Aug 7$11.00$9.85$20.85$379.15$443.35
$427.50$400.00Aug 7$11.00$9.85$20.85$379.15$448.35
$417.50$400.00Aug 7$12.40$9.85$22.25$377.75$439.75
$415.00$400.00Aug 7$13.25$9.85$23.10$376.90$438.10
$420.00$402.50Aug 7$10.55$13.15$23.70$378.80$443.70
$420.00$405.00Aug 7$10.55$13.45$24.00$381.00$444.00
$422.50$402.50Aug 7$11.00$13.15$24.15$378.35$446.65
$427.50$402.50Aug 7$11.00$13.15$24.15$378.35$451.65
$422.50$405.00Aug 7$11.00$13.45$24.45$380.55$446.95

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 377 found (best R:R 49.00, avg credit $5.68)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
345/350385/390Aug 21$4.90$0.1049.00$345.10$389.90
375/378385/390Aug 21$4.90$0.1049.00$372.60$389.90
370/375400/405Sep 4$4.90$0.1049.00$370.10$404.90
360/362365/370Aug 7$4.87$0.1337.46$357.63$369.87
342/348365/370Aug 7$4.83$0.1728.41$342.67$369.83
375/378398/400Aug 14$2.40$0.1024.00$375.10$399.90
358/365390/395Aug 21$7.10$0.4017.75$357.90$397.10
352/355370/375Aug 7$4.73$0.2717.52$350.27$374.73
352/355375/380Aug 7$4.73$0.2717.52$350.27$379.73
352/355380/385Aug 7$4.73$0.2717.52$350.27$384.73

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 59 found (best R:R 199.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$470.00$480.00$490.00Aug 21$0.05$9.95199.00
$470.00$480.00$490.00Sep 18$0.15$9.8565.67
$390.00$395.00$400.00Sep 4$0.10$4.9049.00
$350.00$357.50$365.00Aug 14$0.30$7.2024.00
$425.00$430.00$435.00Aug 14$0.20$4.8024.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$330.00$335.00$340.00Aug 7$0.07$4.9370.43
$335.00$340.00$345.00Aug 14$0.33$4.6714.15
$345.00$350.00$355.00Aug 14$0.47$4.539.64
$377.50$380.00$382.50Aug 7$0.25$2.259.00
$335.00$340.00$345.00Aug 28$0.60$4.407.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 50 found (best net $-5.10, 46 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$465.00$485.001:2Aug 28-$8.95$11.05
$482.50$490.001:2Aug 7-$0.37$7.13
$445.00$465.001:2Aug 28-$12.90$7.10
$470.00$480.001:2Aug 14-$4.15$5.85
$475.00$480.001:2Aug 7-$0.06$4.94
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$440.00$380.001:2Sep 18-$5.10$54.90
$470.00$430.001:2Aug 14-$6.05$33.95
$425.00$390.001:2Aug 28-$9.65$25.35
$360.00$340.001:2Sep 4-$10.15$9.85
$390.00$370.001:2Aug 28-$11.50$8.50

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 82 found (best yield 11.48%, avg 4.36%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$420.00Sep 18$47.200.542.2%11.48%13.64%6234
$430.00Sep 18$46.600.524.6%11.33%15.92%413
$420.00Sep 11$44.000.542.2%10.70%12.86%81
$425.00Sep 11$42.000.523.4%10.22%13.59%61
$440.00Sep 18$42.000.497.0%10.22%17.24%175
$415.00Sep 4$41.000.550.9%9.97%10.91%2--
$430.00Sep 11$39.100.514.6%9.51%14.10%2--
$420.00Sep 4$39.000.532.2%9.49%11.64%22
$450.00Sep 18$38.500.469.4%9.36%18.82%337
$425.00Sep 4$37.000.523.4%9.00%12.37%72

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 4,158
Total Puts 3,101
Put/Call Ratio 0.75
Net Difference 1,057

Prior's Put/Call Breakdown

Total Calls 3,840
Total Puts 2,173
Put/Call Ratio 0.57
Net Difference 1,667

Prior 7-Day Put/Call Summary

Total Calls 33,488
Total Puts 28,509
Average Put/Call Ratio 0.86
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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