Tour v492
CIEN
CIENA CORP
$408.83 -0.56%
$407.91 (-0.22%)🌙
as of 08/05 06:18 PM
(8/5 15:05) ◀
|
Wednesday, August 5, 2026 (6:18pm)
January 2026
|
▶ (8/6 15:05)
◀ 8/5 18:18 ▶

Option Volume

Detail
ℹ
Current (08/05) 4,869
Calls: 2,590 (53%)
Puts: 2,279 (47%)
Prior (08/04) 7,259
Calls: 4,158 (57%)
Puts: 3,101 (43%)
Current vs Prior -32.92%
Calls: -37.71% (Calls)
Puts: -26.51% (Puts)
Prior 7-Day Total 60,715
Calls: 33,122 (55%)
Puts: 27,593 (45%)
Prior 7-Day Average 8,673
Calls: 4,731 (55%)
Puts: 3,941 (45%)
Current vs Prior 7-Day Avg -43.86%
Calls: -45.26%
Puts: -42.18%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/05) $15.26M
Calls: $9.13M (60%)
Puts: $6.13M (40%)
Prior (08/04) $14.32M
Calls: $10.24M (71%)
Puts: $4.08M (29%)
Current vs Prior +6.53%
Calls: -10.81%
Puts: +49.99%
Prior 7-Day Total $135.07M
Calls: $61.29M (45%)
Puts: $73.78M (55%)
Prior 7-Day Average $19.30M
Calls: $8.76M (45%)
Puts: $10.54M (55%)
Current vs Prior 7-Day Avg -20.93%
Calls: +4.29%
Puts: -41.88%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/05) 0.88
Prior (08/04) 0.75
Current vs Prior +17.99%
Prior 7-Day Average 0.84
Current vs Prior 7-Day Avg +4.76%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/05) 25,392
Calls: 13,759 (54%)
Puts: 11,633 (46%)
Prior (08/04) 35,738
Calls: 21,257 (59%)
Puts: 14,481 (41%)
Current vs Prior -28.95%
Prior 7-Day Total 547,937
Calls: 276,563 (50%)
Puts: 271,374 (50%)
Prior 7-Day Average 78,276
Calls: 39,509 (50%)
Puts: 38,767 (50%)
Current vs Prior 7-Day Avg -67.56%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 6.81% | 12.16%14.99% | 27.30%
Prior 8.43% | 12.71%15.46% | 27.63%
Current vs Prior -19.17% | -4.35%-3.00% | -1.21%
Prior 7-Day Avg 8.53% | 13.09%17.88% | 28.98%
Current vs 7-Day Avg -20.14% | -7.14%-16.14% | -5.82%
Prior 7-Day Eod 8.43% | 12.71%15.46% | 27.63%
Current vs 7-Day Eod -19.17% | -4.35%-3.00% | -1.21%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 22.75% | 18.97%
Calls: 18.82% | 19.30%
Puts: 26.67% | 18.64%
Prior 21.88% | 18.45%
Calls: 21.97% | 20.00%
Puts: 21.79% | 16.90%
Current vs Prior +3.98% | +2.82%
Prior 7-Day Avg 33.05% | 16.19%
Calls: 32.72% | 17.57%
Puts: 33.37% | 14.81%
Current vs 7-Day Avg -31.16% | +17.15%
Liquidity Expensive
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🤖 AI Insights

Declining open interest (down 29%) 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 NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior NEUTRAL
7-Day Avg NEUTRAL
Current NEUTRAL
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 2 of results (avg 8.8%, best 8.0%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$330.00Sep 1896.00104.00$100.008.0%20.79154
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$350.00Sep 1823.6026.00$24.809.7%60.2681

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. 80 found (avg delta 0.68, highest 0.97)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$330.00Aug 774.9084.00$79.4511.5%50.9769
$340.00Aug 765.1074.00$69.5512.8%30.96--
$342.50Aug 762.6071.90$67.2513.8%10.941
$335.00Aug 770.3079.00$74.6511.7%440.946
$345.00Aug 760.2069.00$64.6013.6%1040.942
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$450.00Aug 738.0046.80$42.4020.8%300.8915
$490.00Aug 2182.0091.00$86.5010.4%10.84--
$440.00Aug 730.0037.50$33.7522.2%10.832
$480.00Aug 2174.0082.00$78.0010.3%180.7918
$455.00Aug 1449.0056.80$52.9014.7%20.751

Most actively traded options today. High liquidity = easy entry/exit. 241 active (total vol 3.1K, top 381)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$470.00Aug 216.2015.00$10.6083.0%2120.26--
$345.00Aug 760.2069.00$64.6013.6%1040.942
$430.00Aug 72.1010.00$6.05130.6%1030.29780
$470.00Aug 141.5010.00$5.75147.8%800.1937
$400.00Aug 714.0020.90$17.4539.5%590.62917
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$350.00Aug 70.052.50$1.27192.9%3810.06769
$352.50Aug 70.002.80$1.40200.0%1420.079
$405.00Aug 2123.0030.40$26.7027.7%1260.4393
$370.00Aug 70.004.40$2.20200.0%660.12212
$400.00Aug 75.4014.00$9.7088.7%550.3864

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 55 strikes (avg 30.4%, max 119.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$460.00Aug 7Sep 18168.6%96.8%74.1%1212
$330.00Aug 7Sep 18164.1%94.8%73.1%7223
$345.00Aug 7Aug 21159.6%99.8%60.0%1053
$340.00Aug 7Aug 14150.2%96.1%56.3%295
$360.00Aug 7Sep 18140.8%93.1%51.2%3--
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$337.50Aug 7Aug 14219.4%100.1%119.2%6--
$330.00Aug 7Aug 28164.1%94.7%73.2%43111
$342.50Aug 7Aug 14162.1%101.6%59.5%3--
$350.00Aug 7Sep 18147.6%93.1%58.5%387850
$340.00Aug 7Sep 18150.2%96.2%56.1%6140

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 168 found (best R:R 39.00, avg 3.30)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$470.00$480.00Aug 7$0.25$9.75$0.2539.00$470.25
$435.00$440.00Aug 21$0.25$4.75$0.2519.00$435.25
$465.00$467.50Aug 7$0.15$2.35$0.1515.67$465.15
$417.50$420.00Aug 7$0.25$2.25$0.259.00$417.75
$455.00$460.00Aug 14$0.55$4.45$0.558.09$455.55
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$362.50$355.00Aug 7$0.25$7.25$0.2529.00$362.25
$370.00$367.50Aug 7$0.12$2.38$0.1219.83$369.88
$352.50$350.00Aug 7$0.13$2.37$0.1318.23$352.37
$380.00$375.00Aug 7$0.30$4.70$0.3015.67$379.70
$355.00$350.00Aug 21$0.35$4.65$0.3513.29$354.65

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 204 found (best R:R 24.00, avg 1.56)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$330.00$335.00Aug 7$4.80$4.80$0.2024.00$334.80
$345.00$360.00Aug 7$14.15$14.15$0.8516.65$359.15
$395.00$400.00Aug 7$4.70$4.70$0.3015.67$399.70
$340.00$342.50Aug 7$2.30$2.30$0.2011.50$342.30
$360.00$370.00Aug 7$9.00$9.00$1.009.00$369.00
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$400.00$397.50Aug 7$2.25$2.25$0.259.00$397.75
$410.00$407.50Aug 7$2.20$2.20$0.307.33$407.80
$407.50$405.00Aug 21$2.20$2.20$0.307.33$405.30
$450.00$440.00Aug 7$8.65$8.65$1.356.41$441.35
$490.00$480.00Aug 21$8.50$8.50$1.505.67$481.50

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 61 found (avg debit $10.71, cheapest $2.56)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$460.00Aug 7Aug 14$2.60168.6%93.7%
$340.00Aug 7Aug 14$3.20150.2%96.1%
$470.00Aug 7Aug 14$4.95116.4%93.6%
$490.00Aug 7Aug 21$5.60137.9%82.4%
$455.00Aug 7Aug 14$5.95119.7%91.5%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$350.00Aug 7Aug 14$2.56147.6%91.3%
$342.50Aug 7Aug 14$2.77162.1%101.6%
$360.00Aug 14Aug 21$3.9598.0%92.4%
$355.00Aug 7Aug 14$4.15139.0%96.8%
$330.00Aug 7Aug 14$4.68164.1%127.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 47 found (cheapest 6.27% of stock, avg 15.15%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$407.50Aug 7$14.35$11.30$25.65$381.85$433.156.27%
$410.00Aug 7$13.15$13.50$26.65$383.35$436.656.52%
$417.50Aug 7$9.70$16.95$26.65$390.85$444.156.52%
$415.00Aug 7$11.30$15.40$26.70$388.30$441.706.53%
$400.00Aug 7$17.45$9.70$27.15$372.85$427.156.64%
$420.00Aug 7$9.45$19.35$28.80$391.20$448.807.04%
$390.00Aug 7$25.65$5.60$31.25$358.75$421.257.64%
$385.00Aug 7$29.40$4.50$33.90$351.10$418.908.29%
$380.00Aug 7$32.50$2.58$35.08$344.92$415.088.58%
$440.00Aug 7$2.88$33.75$36.63$403.37$476.638.96%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 160 found (cheapest 3.47% of stock, avg 11.67%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$422.50$387.50Aug 7$7.80$6.40$14.20$373.30$436.70
$422.50$397.50Aug 7$7.80$7.45$15.25$382.25$437.75
$420.00$387.50Aug 7$9.45$6.40$15.85$371.65$435.85
$417.50$387.50Aug 7$9.70$6.40$16.10$371.40$433.60
$420.00$397.50Aug 7$9.45$7.45$16.90$380.60$436.90
$417.50$397.50Aug 7$9.70$7.45$17.15$380.35$434.65
$422.50$400.00Aug 7$7.80$9.70$17.50$382.50$440.00
$415.00$387.50Aug 7$11.30$6.40$17.70$369.80$432.70
$412.50$387.50Aug 7$12.20$6.40$18.60$368.90$431.10
$415.00$397.50Aug 7$11.30$7.45$18.75$378.75$433.75

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 329 found (best R:R 41.86, avg credit $6.58)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
340/342345/360Aug 7$14.65$0.3541.86$327.85$359.65
350/355382/388Aug 14$4.82$0.1826.78$350.18$387.32
365/368370/380Aug 7$9.55$0.4521.22$357.95$379.55
328/330350/372Aug 14$21.48$1.0221.06$308.52$371.48
340/342360/370Aug 7$9.50$0.5019.00$333.00$369.50
372/375400/405Aug 14$4.75$0.2519.00$370.25$404.75
350/360380/390Sep 18$9.50$0.5019.00$350.50$389.50
340/342370/380Aug 7$9.45$0.5517.18$333.05$379.45
342/348360/370Aug 7$9.42$0.5816.24$338.08$369.42
355/360400/405Aug 14$4.70$0.3015.67$355.30$404.70

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 54 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$370.00$375.00$380.00Sep 11$0.05$4.9599.00
$410.00$412.50$415.00Aug 7$0.05$2.4549.00
$400.00$405.00$410.00Aug 21$0.10$4.9049.00
$470.00$480.00$490.00Aug 7$0.35$9.6527.57
$422.50$425.00$427.50Aug 14$0.10$2.4024.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$365.00$370.00$375.00Aug 21$0.15$4.8532.33
$370.00$375.00$380.00Aug 7$0.22$4.7821.73
$390.00$392.50$395.00Aug 14$0.15$2.3515.67
$392.50$395.00$397.50Aug 14$0.15$2.3515.67
$400.00$402.50$405.00Aug 21$0.15$2.3515.67

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 45 found (best net $-11.00, 42 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$415.00$450.001:2Aug 28-$7.00$28.00
$470.00$480.001:2Aug 7-$0.30$9.70
$480.00$490.001:2Aug 7-$0.75$9.25
$480.00$490.001:2Aug 21-$3.75$6.25
$435.00$440.001:2Aug 7-$0.21$4.79
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$480.00$435.001:2Aug 21-$11.00$34.00
$465.00$420.001:2Aug 28-$11.50$33.50
$400.00$360.001:2Sep 18-$9.65$30.35
$445.00$412.501:2Aug 14-$3.65$28.85
$420.00$385.001:2Aug 28-$9.55$25.45

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 72 found (best yield 11.99%, avg 4.10%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$410.00Sep 18$49.000.560.3%11.99%12.27%464
$420.00Sep 18$46.400.532.7%11.35%14.08%4234
$420.00Sep 11$41.000.532.7%10.03%12.76%25
$415.00Sep 4$39.100.541.5%9.56%11.07%203
$440.00Sep 18$37.700.487.6%9.22%16.85%2476
$430.00Sep 11$37.000.505.2%9.05%14.23%41
$425.00Sep 4$35.400.514.0%8.66%12.61%56
$450.00Sep 18$35.200.4510.1%8.61%18.68%838
$435.00Sep 11$34.700.486.4%8.49%14.89%2--
$440.00Sep 11$33.000.477.6%8.07%15.70%4--

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 2,590
Total Puts 2,279
Put/Call Ratio 0.88
Net Difference 311

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 33,122
Total Puts 27,593
Average Put/Call Ratio 0.84
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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