CIEN - Options Database

CIEN

CIENA CORP

$404.53 +6.80%

(7/20 18:01) ◀

Tuesday, July 21, 2026 (3:05pm)

▶ (7/21 18:03)

◀ 7/21 15:05 ▶

Option Volume

Detail

ℹ

Current (07/21 3:05pm) 8,635

Calls: 5,679 (66%)

Puts: 2,956 (34%)

Prior (07/20) 6,651

Calls: 3,774 (57%)

Puts: 2,877 (43%)

Current vs Prior +29.83%

Calls: +50.48% (Calls)

Puts: +2.75% (Puts)

Prior 7-Day Total 80,450

Calls: 31,881 (40%)

Puts: 48,569 (60%)

Prior 7-Day Average 11,492

Calls: 4,554 (40%)

Puts: 6,938 (60%)

Current vs Prior 7-Day Avg -24.87%

Calls: +24.69%

Puts: -57.40%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/21 3:05pm) $15.57M

Calls: $7.01M (45%)

Puts: $8.56M (55%)

Prior (07/20) $15.81M

Calls: $8.37M (53%)

Puts: $7.45M (47%)

Current vs Prior -1.57%

Calls: -16.26%

Puts: +14.94%

Prior 7-Day Total $162.39M

Calls: $69.40M (43%)

Puts: $92.99M (57%)

Prior 7-Day Average $23.20M

Calls: $9.91M (43%)

Puts: $13.28M (57%)

Current vs Prior 7-Day Avg -32.90%

Calls: -29.33%

Puts: -35.57%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (07/21 3:05pm) 0.52

Prior (07/20) 0.76

Current vs Prior -31.72%

Prior 7-Day Average 1.66

Current vs Prior 7-Day Avg -68.73%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (07/21 3:05pm) 96,717

Calls: 46,312 (48%)

Puts: 50,405 (52%)

Prior (07/20) 93,320

Calls: 44,277 (47%)

Puts: 49,043 (53%)

Current vs Prior +3.64%

Prior 7-Day Total 752,849

Calls: 369,481 (49%)

Puts: 383,368 (51%)

Prior 7-Day Average 107,549

Calls: 52,783 (49%)

Puts: 54,766 (51%)

Current vs Prior 7-Day Avg -10.07%

Sentiment BULLISH

Expected Move

Detail

ℹ

WKMO Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)

Current 8.23% | 13.36%22.09% | 32.35%

Prior 2.49% | 10.93%2.49% | 23.37%

Current vs Prior +230.10% | +22.28%+785.69% | +38.41%

Prior 7-Day Avg 5.59% | 11.45%7.37% | 23.73%

Current vs 7-Day Avg +47.15% | +16.65%+199.67% | +36.33%

Prior 7-Day Eod 2.49% | 10.93%22.48% | 32.61%

Current vs 7-Day Eod +230.10% | +22.28%-1.75% | -0.80%

Sentiment BEARISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 19.41% | 18.57%

Calls: 15.47% | 9.01%

Puts: 23.34% | 28.14%

Prior 157.33% | 13.62%

Calls: 101.45% | 15.01%

Puts: 213.21% | 12.22%

Current vs Prior -87.66% | +36.34%

Prior 7-Day Avg 58.42% | 17.61%

Calls: 44.27% | 17.24%

Puts: 72.57% | 17.98%

Current vs 7-Day Avg -66.77% | +5.45%

Liquidity Expensive

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Bullish P/C ratio of 0.52. P/C ratio dropping 32% - sentiment shifting bullish.

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 NEUTRAL

7-Day Avg NEUTRAL

Current NEUTRAL

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

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🛡️ Covered Calls

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 51 of results (avg 7.8%, best 4.2%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$360.00	Aug 14	63.40	66.10	$64.75	4.2%	2	0.72	1
$380.00	Aug 7	45.80	48.30	$47.05	5.3%	1	0.65	18
$390.00	Aug 14	45.50	48.10	$46.80	5.6%	1	0.61	6
$370.00	Jul 31	45.80	48.50	$47.15	5.7%	2	0.74	6
$420.00	Aug 21	35.60	37.70	$36.65	5.7%	20	0.51	27

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$410.00	Aug 21	44.10	46.10	$45.10	4.4%	3	0.46	100
$400.00	Aug 21	38.90	41.20	$40.05	5.7%	11	0.42	412
$420.00	Aug 21	49.60	52.70	$51.15	6.1%	--	0.50	161
$435.00	Aug 21	57.40	61.20	$59.30	6.4%	1	0.55	6
$480.00	Aug 21	87.00	93.20	$90.10	6.9%	--	0.70	18

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. 126 found (avg delta 0.68, highest 0.95)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$340.00	Jul 24	64.00	71.00	$67.50	10.4%	5	0.94	4
$345.00	Jul 24	58.40	67.00	$62.70	13.7%	--	0.91	11
$330.00	Jul 24	73.10	81.00	$77.05	10.3%	5	0.88	55
$360.00	Jul 24	46.30	53.00	$49.65	13.5%	1	0.87	34
$365.00	Jul 24	43.50	49.00	$46.25	11.9%	--	0.85	13

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$475.00	Jul 24	66.00	74.20	$70.10	11.7%	28	0.95	58
$480.00	Jul 24	71.00	78.20	$74.60	9.7%	1	0.95	9
$470.00	Jul 24	61.00	68.80	$64.90	12.0%	4	0.93	10
$460.00	Jul 24	52.00	59.30	$55.65	13.1%	--	0.91	114
$455.00	Jul 24	47.00	54.00	$50.50	13.9%	--	0.88	72

Most actively traded options today. High liquidity = easy entry/exit. 224 active (total vol 3.4K, top 438)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$480.00	Aug 21	17.50	19.30	$18.40	9.8%	151	0.31	275
$450.00	Jul 24	1.80	3.00	$2.40	50.0%	126	0.13	92
$400.00	Jul 24	17.10	22.00	$19.55	25.1%	108	0.57	148
$422.50	Jul 24	7.80	9.00	$8.40	14.3%	104	0.35	10
$420.00	Jul 24	8.60	10.20	$9.40	17.0%	77	0.37	91

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$385.00	Aug 7	21.80	24.90	$23.35	13.3%	438	0.37	12
$470.00	Aug 21	80.00	85.90	$82.95	7.1%	152	0.66	14
$350.00	Aug 21	17.70	20.20	$18.95	13.2%	142	0.25	184
$360.00	Aug 21	20.80	23.50	$22.15	12.2%	130	0.28	94
$360.00	Jul 24	2.05	3.90	$2.97	62.3%	69	0.13	81

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 76 strikes (avg 25.5%, max 115.7%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$330.00	Jul 24	Aug 7	208.8%	96.8%	115.7%	55	105
$350.00	Jul 24	Aug 21	173.2%	94.5%	83.3%	--	155
$345.00	Jul 24	Aug 21	140.7%	94.1%	49.6%	1	11
$362.50	Jul 24	Jul 31	148.0%	101.6%	45.8%	2	6
$340.00	Jul 24	Aug 21	128.1%	94.7%	35.3%	5	53

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$330.00	Jul 24	Aug 28	208.8%	99.5%	109.8%	9	93
$350.00	Jul 24	Aug 28	173.2%	97.9%	76.9%	4	115
$327.50	Jul 24	Jul 31	214.9%	126.7%	69.6%	10	276
$337.50	Jul 24	Jul 31	192.3%	118.5%	62.3%	10	69
$357.50	Jul 24	Jul 31	159.1%	104.1%	52.8%	1	41

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 192 found (best R:R 24.00, avg 3.45)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$437.50	$440.00	Jul 24	$0.10	$2.40	$0.10	24.00	$437.60
$425.00	$430.00	Aug 14	$0.20	$4.80	$0.20	24.00	$425.20
$470.00	$480.00	Aug 28	$0.45	$9.55	$0.45	21.22	$470.45
$475.00	$477.50	Jul 24	$0.12	$2.38	$0.12	19.83	$475.12
$462.50	$465.00	Jul 24	$0.13	$2.37	$0.13	18.23	$462.63

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$402.50	$400.00	Aug 21	$0.10	$2.40	$0.10	24.00	$402.40
$335.00	$330.00	Jul 31	$0.25	$4.75	$0.25	19.00	$334.75
$335.00	$330.00	Aug 28	$0.35	$4.65	$0.35	13.29	$334.65
$355.00	$352.50	Jul 24	$0.20	$2.30	$0.20	11.50	$354.80
$335.00	$325.00	Aug 14	$0.90	$9.10	$0.90	10.11	$334.10

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 257 found (best R:R 24.00, avg 1.84)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$340.00	$345.00	Jul 24	$4.80	$4.80	$0.20	24.00	$344.80
$330.00	$340.00	Jul 24	$9.55	$9.55	$0.45	21.22	$339.55
$345.00	$350.00	Jul 24	$4.45	$4.45	$0.55	8.09	$349.45
$345.00	$350.00	Aug 21	$4.45	$4.45	$0.55	8.09	$349.45
$370.00	$372.50	Jul 24	$2.20	$2.20	$0.30	7.33	$372.20

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$390.00	$387.50	Jul 24	$2.35	$2.35	$0.15	15.67	$387.65
$430.00	$425.00	Jul 24	$4.70	$4.70	$0.30	15.67	$425.30
$470.00	$460.00	Jul 24	$9.25	$9.25	$0.75	12.33	$460.75
$485.00	$480.00	Jul 31	$4.55	$4.55	$0.45	10.11	$480.45
$480.00	$475.00	Jul 24	$4.50	$4.50	$0.50	9.00	$475.50

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 77 found (avg debit $8.99, cheapest $0.25)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$485.00	Jul 24	Jul 31	$3.40	108.4%	91.7%
$480.00	Jul 24	Jul 31	$4.92	104.1%	97.7%
$355.00	Jul 31	Aug 7	$5.25	112.4%	103.0%
$475.00	Jul 24	Jul 31	$5.40	99.6%	96.6%
$470.00	Jul 24	Jul 31	$5.72	105.5%	96.9%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$330.00	Jul 24	Jul 31	$0.25	208.8%	117.4%
$327.50	Jul 24	Jul 31	$1.08	214.9%	126.7%
$350.00	Jul 24	Jul 31	$1.60	173.2%	105.5%
$337.50	Jul 24	Jul 31	$1.80	192.3%	118.5%
$357.50	Jul 24	Jul 31	$2.90	159.1%	104.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 97 found (cheapest 7.69% of stock, avg 16.49%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$407.50	Jul 24	$14.70	$16.40	$31.10	$376.40	$438.60	7.69%
$405.00	Jul 24	$16.15	$15.85	$32.00	$373.00	$437.00	7.91%
$410.00	Jul 24	$14.05	$18.40	$32.45	$377.55	$442.45	8.02%
$400.00	Jul 24	$19.55	$13.25	$32.80	$367.20	$432.80	8.11%
$395.00	Jul 24	$21.40	$11.60	$33.00	$362.00	$428.00	8.16%
$415.00	Jul 24	$11.70	$21.30	$33.00	$382.00	$448.00	8.16%
$412.50	Jul 24	$13.35	$19.70	$33.05	$379.45	$445.55	8.17%
$417.50	Jul 24	$10.70	$23.00	$33.70	$383.80	$451.20	8.33%
$420.00	Jul 24	$9.40	$24.45	$33.85	$386.15	$453.85	8.37%
$397.50	Jul 24	$20.30	$13.60	$33.90	$363.60	$431.40	8.38%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 5.13% of stock, avg 13.17%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$417.50	$392.50	Jul 24	$10.70	$10.05	$20.75	$371.75	$438.25
$415.00	$392.50	Jul 24	$11.70	$10.05	$21.75	$370.75	$436.75
$417.50	$395.00	Jul 24	$10.70	$11.60	$22.30	$372.70	$439.80
$415.00	$395.00	Jul 24	$11.70	$11.60	$23.30	$371.70	$438.30
$412.50	$392.50	Jul 24	$13.35	$10.05	$23.40	$369.10	$435.90
$417.50	$400.00	Jul 24	$10.70	$13.25	$23.95	$376.05	$441.45
$410.00	$392.50	Jul 24	$14.05	$10.05	$24.10	$368.40	$434.10
$417.50	$397.50	Jul 24	$10.70	$13.60	$24.30	$373.20	$441.80
$407.50	$392.50	Jul 24	$14.70	$10.05	$24.75	$367.75	$432.25
$412.50	$395.00	Jul 24	$13.35	$11.60	$24.95	$370.05	$437.45

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 301 found (best R:R 65.67, avg credit $6.14)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
350/360	370/380	Aug 21	$9.85	$0.15	65.67	$350.15	$379.85
342/345	372/378	Jul 24	$4.87	$0.13	37.46	$340.13	$377.37
335/338	355/362	Jul 31	$7.30	$0.20	36.50	$330.20	$362.30
330/335	368/370	Jul 31	$4.85	$0.15	32.33	$330.15	$372.35
375/380	395/400	Jul 31	$4.85	$0.15	32.33	$375.15	$399.85
335/340	370/380	Aug 7	$9.65	$0.35	27.57	$330.35	$379.65
340/345	370/380	Aug 7	$9.65	$0.35	27.57	$335.35	$379.65
355/360	370/380	Aug 7	$9.65	$0.35	27.57	$350.35	$379.65
352/355	370/372	Jul 24	$2.40	$0.10	24.00	$352.60	$372.40
350/355	372/378	Jul 31	$4.80	$0.20	24.00	$350.20	$377.30

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 78 found (best R:R 49.00, cheapest $0.10)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$460.00	$462.50	$465.00	Jul 24	$0.11	$2.39	21.73
$465.00	$470.00	$475.00	Jul 31	$0.25	$4.75	19.00
$430.00	$440.00	$450.00	Aug 21	$0.50	$9.50	19.00
$432.50	$435.00	$437.50	Jul 24	$0.15	$2.35	15.67
$470.00	$475.00	$480.00	Jul 31	$0.30	$4.70	15.67

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$475.00	$480.00	$485.00	Jul 31	$0.10	$4.90	49.00
$330.00	$335.00	$340.00	Aug 21	$0.10	$4.90	49.00
$370.00	$380.00	$390.00	Aug 21	$0.30	$9.70	32.33
$390.00	$400.00	$410.00	Aug 14	$0.35	$9.65	27.57
$412.50	$415.00	$417.50	Jul 24	$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. 34 found (best net $-16.80, 30 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$415.00	$450.00	1:2	Aug 28	-$16.80	$18.20
$430.00	$450.00	1:2	Aug 14	-$13.45	$6.55
$480.00	$485.00	1:2	Jul 24	-$0.57	$4.43
$435.00	$450.00	1:2	Aug 7	-$10.90	$4.10
$450.00	$460.00	1:2	Jul 31	-$6.00	$4.00

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$480.00	$440.00	1:2	Aug 14	-$27.05	$12.95
$370.00	$365.00	1:2	Jul 24	-$2.50	$2.50
$345.00	$342.50	1:2	Jul 24	-$0.58	$1.92
$342.50	$340.00	1:2	Jul 24	-$1.04	$1.46
$327.50	$325.00	1:2	Jul 31	-$1.77	$0.73

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 85 found (best yield 11.59%, avg 4.02%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$405.00	Aug 28	$46.90	0.57	0.1%	11.59%	11.71%	1	2
$415.00	Aug 28	$43.00	0.54	2.6%	10.63%	13.22%	1	4
$405.00	Aug 21	$42.80	0.56	0.1%	10.58%	10.70%	3	53
$410.00	Aug 21	$40.30	0.55	1.4%	9.96%	11.31%	9	382
$405.00	Aug 14	$37.70	0.55	0.1%	9.32%	9.44%	2	8
$420.00	Aug 21	$35.60	0.51	3.8%	8.80%	12.62%	20	27
$425.00	Aug 21	$34.00	0.49	5.1%	8.40%	13.47%	1	--
$415.00	Aug 14	$33.30	0.51	2.6%	8.23%	10.82%	1	5
$405.00	Aug 7	$32.10	0.54	0.1%	7.94%	8.05%	2	1
$430.00	Aug 21	$31.80	0.47	6.3%	7.86%	14.16%	--	103

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 5,679

Total Puts 2,956

Put/Call Ratio 0.52

Net Difference 2,723

Prior's Put/Call Breakdown

Total Calls 3,774

Total Puts 2,877

Put/Call Ratio 0.76

Net Difference 897

Prior 7-Day Put/Call Summary

Total Calls 31,881

Total Puts 48,569

Average Put/Call Ratio 1.66

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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