CIEN - Options Database

CIEN

CIENA CORP

$401.98 -1.65%

(7/21 18:03) ◀

Wednesday, July 22, 2026 (3:05pm)

▶ (7/22 18:13)

◀ 7/22 15:05 ▶

Option Volume

Detail

ℹ

Current (07/22 3:05pm) 4,060

Calls: 2,859 (70%)

Puts: 1,201 (30%)

Prior (07/21) 8,635

Calls: 5,679 (66%)

Puts: 2,956 (34%)

Current vs Prior -52.98%

Calls: -49.66% (Calls)

Puts: -59.37% (Puts)

Prior 7-Day Total 80,071

Calls: 32,638 (41%)

Puts: 47,433 (59%)

Prior 7-Day Average 11,438

Calls: 4,662 (41%)

Puts: 6,776 (59%)

Current vs Prior 7-Day Avg -64.51%

Calls: -38.68%

Puts: -82.28%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/22 3:05pm) $5.17M

Calls: $3.00M (58%)

Puts: $2.17M (42%)

Prior (07/21) $15.57M

Calls: $7.01M (45%)

Puts: $8.56M (55%)

Current vs Prior -66.76%

Calls: -57.16%

Puts: -74.61%

Prior 7-Day Total $167.53M

Calls: $70.79M (42%)

Puts: $96.74M (58%)

Prior 7-Day Average $23.93M

Calls: $10.11M (42%)

Puts: $13.82M (58%)

Current vs Prior 7-Day Avg -78.38%

Calls: -70.32%

Puts: -84.27%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/22 3:05pm) 0.42

Prior (07/21) 0.52

Current vs Prior -19.30%

Prior 7-Day Average 1.58

Current vs Prior 7-Day Avg -73.46%

Sentiment BULLISH

Open Interest

Detail

ℹ

Current (07/22 3:05pm) 102,731

Calls: 50,647 (49%)

Puts: 52,084 (51%)

Prior (07/21) 96,717

Calls: 46,312 (48%)

Puts: 50,405 (52%)

Current vs Prior +6.22%

Prior 7-Day Total 747,219

Calls: 364,145 (49%)

Puts: 383,074 (51%)

Prior 7-Day Average 106,745

Calls: 52,020 (49%)

Puts: 54,724 (51%)

Current vs Prior 7-Day Avg -3.76%

Sentiment BULLISH

Expected Move

Detail

ℹ

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

Current 6.82% | 12.71%21.29% | 32.07%

Prior 9.72% | 14.11%22.28% | 32.93%

Current vs Prior -29.87% | -9.88%-4.41% | -2.62%

Prior 7-Day Avg 6.10% | 11.79%8.87% | 24.81%

Current vs 7-Day Avg +11.72% | +7.85%+140.06% | +29.25%

Prior 7-Day Eod 9.72% | 14.11%21.98% | 32.28%

Current vs 7-Day Eod -29.87% | -9.88%-3.13% | -0.67%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 22.54% | 16.00%

Calls: 24.22% | 17.36%

Puts: 20.85% | 14.63%

Prior 18.91% | 11.55%

Calls: 19.53% | 10.06%

Puts: 18.28% | 13.04%

Current vs Prior +19.20% | +38.53%

Prior 7-Day Avg 58.15% | 16.34%

Calls: 43.81% | 15.69%

Puts: 72.48% | 16.98%

Current vs 7-Day Avg -61.24% | -2.07%

Liquidity Expensive

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Light premium activity with dollar volume down 67% vs prior. Below-average activity with volume down 53% vs prior. Extreme bullish P/C ratio of 0.42 - heavy call buying (2,859 calls vs 1,201 puts).

Smart Money BULLISH

Retail Flow BULLISH

Overall BULLISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BEARISH

7-Day Avg BEARISH

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BULLISH

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

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📉 Credit Spreads

📅 Calendar Spreads

⚡ 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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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 48 of results (avg 8.4%, best 4.4%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$420.00	Aug 21	32.80	34.40	$33.60	4.8%	--	0.49	25
$330.00	Aug 21	84.00	91.00	$87.50	8.0%	10	0.81	1
$405.00	Aug 14	35.00	38.00	$36.50	8.2%	--	0.54	10
$405.00	Aug 21	39.60	43.00	$41.30	8.2%	1	0.55	54
$375.00	Aug 21	54.50	59.30	$56.90	8.4%	2	0.66	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$420.00	Aug 21	49.20	51.40	$50.30	4.4%	10	0.52	161
$480.00	Aug 21	89.00	94.30	$91.65	5.8%	--	0.71	18
$430.00	Aug 21	54.60	58.20	$56.40	6.4%	1	0.55	152
$440.00	Aug 21	60.90	65.00	$62.95	6.5%	--	0.59	221
$450.00	Aug 21	68.00	72.80	$70.40	6.8%	1	0.62	1.1K

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. 105 found (avg delta 0.69, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$330.00	Jul 24	69.40	77.00	$73.20	10.4%	--	0.98	60
$345.00	Jul 24	55.00	62.40	$58.70	12.6%	--	0.94	11
$350.00	Jul 24	50.00	58.00	$54.00	14.8%	--	0.94	65
$360.00	Jul 24	41.20	49.00	$45.10	17.3%	--	0.89	33
$365.00	Jul 24	37.00	44.00	$40.50	17.3%	--	0.87	12

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$475.00	Jul 24	68.80	76.00	$72.40	9.9%	--	1.00	54
$460.00	Jul 24	55.00	62.00	$58.50	12.0%	--	0.97	114
$455.00	Jul 24	49.00	57.00	$53.00	15.1%	--	0.94	72
$450.00	Jul 24	45.00	52.00	$48.50	14.4%	--	0.93	37
$445.00	Jul 24	40.00	48.00	$44.00	18.2%	--	0.90	37

Most actively traded options today. High liquidity = easy entry/exit. 134 active (total vol 846, top 128)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$430.00	Jul 24	2.85	4.60	$3.72	47.0%	34	0.21	140
$475.00	Jul 31	4.20	7.30	$5.75	53.9%	30	0.18	95
$450.00	Jul 24	0.70	1.75	$1.23	85.4%	23	0.09	199
$440.00	Jul 24	1.65	2.85	$2.25	53.3%	18	0.14	67
$410.00	Jul 31	19.90	23.60	$21.75	17.0%	18	0.49	16

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$350.00	Aug 21	17.70	20.00	$18.85	12.2%	128	0.26	319
$357.50	Jul 24	1.25	2.55	$1.90	68.4%	50	0.10	22
$390.00	Jul 24	7.20	8.70	$7.95	18.9%	38	0.34	107
$380.00	Jul 24	3.70	6.30	$5.00	52.0%	21	0.24	90
$360.00	Jul 31	7.70	10.20	$8.95	27.9%	16	0.22	70

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 70 strikes (avg 25.7%, max 97.6%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$382.50	Jul 24	Aug 21	133.9%	91.0%	47.2%	2	72
$330.00	Jul 24	Aug 21	139.1%	96.4%	44.3%	10	61
$360.00	Jul 24	Aug 28	127.1%	92.2%	38.0%	--	45
$365.00	Jul 24	Aug 28	125.3%	91.7%	36.6%	--	26
$350.00	Jul 24	Aug 28	129.9%	96.5%	34.6%	2	72

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$325.00	Jul 24	Aug 14	190.9%	96.6%	97.6%	1	80
$322.50	Jul 24	Jul 31	196.4%	107.7%	82.5%	1	16
$345.00	Jul 24	Aug 21	140.8%	93.1%	51.2%	5	52
$335.00	Jul 24	Aug 28	138.7%	93.8%	47.9%	2	86
$330.00	Jul 24	Aug 28	139.1%	97.7%	42.4%	6	89

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 198 found (best R:R 32.33, avg 3.50)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$475.00	$480.00	Aug 14	$0.15	$4.85	$0.15	32.33	$475.15
$475.00	$480.00	Aug 7	$0.20	$4.80	$0.20	24.00	$475.20
$470.00	$475.00	Aug 14	$0.25	$4.75	$0.25	19.00	$470.25
$432.50	$435.00	Jul 31	$0.15	$2.35	$0.15	15.67	$432.65
$465.00	$470.00	Jul 31	$0.30	$4.70	$0.30	15.67	$465.30

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$360.00	$355.00	Aug 14	$0.15	$4.85	$0.15	32.33	$359.85
$350.00	$347.50	Jul 24	$0.12	$2.38	$0.12	19.83	$349.88
$380.00	$377.50	Jul 24	$0.15	$2.35	$0.15	15.67	$379.85
$340.00	$337.50	Jul 24	$0.17	$2.33	$0.17	13.71	$339.83
$365.00	$362.50	Jul 24	$0.17	$2.33	$0.17	13.71	$364.83

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 246 found (best R:R 29.00, avg 1.62)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$330.00	$345.00	Jul 24	$14.50	$14.50	$0.50	29.00	$344.50
$345.00	$350.00	Jul 24	$4.70	$4.70	$0.30	15.67	$349.70
$360.00	$365.00	Jul 24	$4.60	$4.60	$0.40	11.50	$364.60
$392.50	$395.00	Jul 24	$2.30	$2.30	$0.20	11.50	$394.80
$380.00	$382.50	Jul 24	$2.25	$2.25	$0.25	9.00	$382.25

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$475.00	$460.00	Jul 24	$13.90	$13.90	$1.10	12.64	$461.10
$455.00	$450.00	Jul 24	$4.50	$4.50	$0.50	9.00	$450.50
$480.00	$475.00	Jul 31	$4.50	$4.50	$0.50	9.00	$475.50
$445.00	$440.00	Jul 24	$4.45	$4.45	$0.55	8.09	$440.55
$475.00	$460.00	Jul 31	$13.00	$13.00	$2.00	6.50	$462.00

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 70 found (avg debit $9.62, cheapest $1.20)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$480.00	Jul 24	Jul 31	$4.22	113.8%	99.2%
$477.50	Jul 24	Jul 31	$4.52	113.8%	99.6%
$472.50	Jul 24	Jul 31	$4.57	112.9%	96.5%
$470.00	Jul 24	Jul 31	$5.30	110.9%	99.0%
$355.00	Jul 31	Aug 7	$5.35	104.6%	96.4%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$322.50	Jul 24	Jul 31	$1.20	196.4%	107.7%
$325.00	Jul 24	Jul 31	$1.60	190.9%	108.8%
$327.50	Jul 24	Jul 31	$3.28	140.5%	110.7%
$330.00	Jul 24	Jul 31	$3.55	139.1%	110.5%
$335.00	Jul 24	Jul 31	$4.12	138.7%	110.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 84 found (cheapest 6.51% of stock, avg 15.80%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$400.00	Jul 24	$14.45	$11.70	$26.15	$373.85	$426.15	6.51%
$405.00	Jul 24	$11.95	$14.20	$26.15	$378.85	$431.15	6.51%
$407.50	Jul 24	$10.85	$15.50	$26.35	$381.15	$433.85	6.56%
$402.50	Jul 24	$13.50	$12.95	$26.45	$376.05	$428.95	6.58%
$410.00	Jul 24	$9.85	$16.65	$26.50	$383.50	$436.50	6.59%
$415.00	Jul 24	$7.30	$19.85	$27.15	$387.85	$442.15	6.75%
$395.00	Jul 24	$17.60	$10.15	$27.75	$367.25	$422.75	6.90%
$412.50	Jul 24	$9.25	$18.55	$27.80	$384.70	$440.30	6.92%
$392.50	Jul 24	$19.90	$8.25	$28.15	$364.35	$420.65	7.00%
$390.00	Jul 24	$20.40	$7.95	$28.35	$361.65	$418.35	7.05%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 3.87% of stock, avg 12.08%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$415.00	$392.50	Jul 24	$7.30	$8.25	$15.55	$376.95	$430.55
$415.00	$395.00	Jul 24	$7.30	$10.15	$17.45	$377.55	$432.45
$412.50	$392.50	Jul 24	$9.25	$8.25	$17.50	$375.00	$430.00
$415.00	$397.50	Jul 24	$7.30	$10.75	$18.05	$379.45	$433.05
$410.00	$392.50	Jul 24	$9.85	$8.25	$18.10	$374.40	$428.10
$415.00	$400.00	Jul 24	$7.30	$11.70	$19.00	$381.00	$434.00
$407.50	$392.50	Jul 24	$10.85	$8.25	$19.10	$373.40	$426.60
$412.50	$395.00	Jul 24	$9.25	$10.15	$19.40	$375.60	$431.90
$410.00	$395.00	Jul 24	$9.85	$10.15	$20.00	$375.00	$430.00
$412.50	$397.50	Jul 24	$9.25	$10.75	$20.00	$377.50	$432.50

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 359 found (best R:R 49.00, avg credit $6.10)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
350/352	370/378	Jul 24	$7.35	$0.15	49.00	$345.15	$377.35
338/340	345/350	Jul 24	$4.87	$0.13	37.46	$335.13	$349.87
355/358	360/365	Jul 24	$4.87	$0.13	37.46	$352.63	$364.87
330/332	360/365	Jul 24	$4.80	$0.20	24.00	$327.70	$364.80
355/358	390/392	Jul 31	$2.40	$0.10	24.00	$355.10	$392.40
340/345	350/355	Aug 14	$4.80	$0.20	24.00	$340.20	$354.80
338/340	360/365	Jul 24	$4.77	$0.23	20.74	$335.23	$364.77
348/350	380/382	Jul 24	$2.37	$0.13	18.23	$347.63	$382.37
348/350	360/365	Jul 24	$4.72	$0.28	16.86	$345.28	$364.72
342/345	350/360	Jul 24	$9.28	$0.72	12.89	$335.72	$359.28

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 90 found (best R:R 99.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$350.00	$355.00	$360.00	Aug 7	$0.05	$4.95	99.00
$470.00	$475.00	$480.00	Aug 14	$0.10	$4.90	49.00
$330.00	$340.00	$350.00	Aug 21	$0.25	$9.75	39.00
$405.00	$407.50	$410.00	Jul 24	$0.10	$2.40	24.00
$340.00	$350.00	$360.00	Aug 21	$0.40	$9.60	24.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$335.00	$340.00	$345.00	Aug 7	$0.05	$4.95	99.00
$360.00	$370.00	$380.00	Aug 21	$0.15	$9.85	65.67
$402.50	$405.00	$407.50	Jul 24	$0.05	$2.45	49.00
$335.00	$340.00	$345.00	Jul 31	$0.10	$4.90	49.00
$355.00	$357.50	$360.00	Jul 31	$0.05	$2.45	49.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 47 found (best net $-2.20, 46 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$405.00	$450.00	1:2	Aug 14	-$2.20	$42.80
$355.00	$405.00	1:2	Aug 14	-$7.25	$42.75
$380.00	$425.00	1:2	Aug 28	-$14.90	$30.10
$450.00	$470.00	1:2	Aug 7	-$5.50	$14.50
$435.00	$460.00	1:2	Aug 28	-$17.70	$7.30

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$480.00	$440.00	1:2	Aug 14	-$27.20	$12.80
$335.00	$325.00	1:2	Aug 14	-$7.10	$2.90
$370.00	$365.00	1:2	Jul 24	-$2.22	$2.78
$332.50	$330.00	1:2	Jul 24	-$0.20	$2.30
$352.50	$350.00	1:2	Jul 24	-$0.20	$2.30

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 67 found (best yield 9.85%, avg 3.32%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$405.00	Aug 21	$39.60	0.55	0.8%	9.85%	10.60%	1	54
$410.00	Aug 21	$37.40	0.53	2.0%	9.30%	11.30%	--	378
$425.00	Aug 28	$35.30	0.49	5.7%	8.78%	14.51%	1	2
$405.00	Aug 14	$35.00	0.54	0.8%	8.71%	9.46%	--	10
$430.00	Aug 28	$33.40	0.47	7.0%	8.31%	15.28%	2	6
$420.00	Aug 21	$32.80	0.49	4.5%	8.16%	12.64%	--	25
$435.00	Aug 28	$31.50	0.46	8.2%	7.84%	16.05%	2	--
$430.00	Aug 21	$28.90	0.45	7.0%	7.19%	14.16%	1	103
$410.00	Aug 7	$27.00	0.50	2.0%	6.72%	8.71%	--	32
$440.00	Aug 21	$25.50	0.41	9.5%	6.34%	15.80%	2	231

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 2,859

Total Puts 1,201

Put/Call Ratio 0.42

Net Difference 1,658

Prior's Put/Call Breakdown

Total Calls 5,679

Total Puts 2,956

Put/Call Ratio 0.52

Net Difference 2,723

Prior 7-Day Put/Call Summary

Total Calls 32,638

Total Puts 47,433

Average Put/Call Ratio 1.58

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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