CIEN - Options Database

CIEN

CIENA CORP

$402.85 +1.43%

(7/22 18:13) ◀

Thursday, July 23, 2026 (3:40pm)

▶ (7/23 18:03)

◀ 7/23 15:42 ▶

Option Volume

Detail

ℹ

Current (07/23 3:40pm) 5,707

Calls: 3,201 (56%)

Puts: 2,506 (44%)

Prior (07/22) 4,060

Calls: 2,859 (70%)

Puts: 1,201 (30%)

Current vs Prior +40.57%

Calls: +11.96% (Calls)

Puts: +108.66% (Puts)

Prior 7-Day Total 76,731

Calls: 32,889 (43%)

Puts: 43,842 (57%)

Prior 7-Day Average 10,961

Calls: 4,698 (43%)

Puts: 6,263 (57%)

Current vs Prior 7-Day Avg -47.94%

Calls: -31.87%

Puts: -59.99%

Sentiment BULLISH

Dollar Volume

Detail

ℹ

Current (07/23 3:40pm) $14.50M

Calls: $5.62M (39%)

Puts: $8.89M (61%)

Prior (07/22) $5.17M

Calls: $3.00M (58%)

Puts: $2.17M (42%)

Current vs Prior +180.29%

Calls: +87.16%

Puts: +308.89%

Prior 7-Day Total $151.08M

Calls: $64.84M (43%)

Puts: $86.23M (57%)

Prior 7-Day Average $21.58M

Calls: $9.26M (43%)

Puts: $12.32M (57%)

Current vs Prior 7-Day Avg -32.80%

Calls: -39.36%

Puts: -27.86%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (07/23 3:40pm) 0.78

Prior (07/22) 0.42

Current vs Prior +86.37%

Prior 7-Day Average 1.49

Current vs Prior 7-Day Avg -47.29%

Sentiment NEUTRAL

Open Interest

Detail

ℹ

Current (07/23 3:40pm) 105,535

Calls: 52,811 (50%)

Puts: 52,724 (50%)

Prior (07/22) 102,731

Calls: 50,647 (49%)

Puts: 52,084 (51%)

Current vs Prior +2.73%

Prior 7-Day Total 734,516

Calls: 353,910 (48%)

Puts: 380,606 (52%)

Prior 7-Day Average 104,930

Calls: 50,558 (48%)

Puts: 54,372 (52%)

Current vs Prior 7-Day Avg +0.58%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 5.03% | 11.54%20.40% | 31.13%

Prior 8.23% | 13.36%22.09% | 32.35%

Current vs Prior -38.94% | -13.61%-7.62% | -3.77%

Prior 7-Day Avg 6.96% | 12.40%10.73% | 26.08%

Current vs 7-Day Avg -27.74% | -6.90%+90.18% | +19.36%

Prior 7-Day Eod 8.23% | 13.36%21.25% | 32.07%

Current vs 7-Day Eod -38.94% | -13.61%-3.98% | -2.92%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 47.84% | 16.84%

Calls: 50.00% | 13.11%

Puts: 45.69% | 20.57%

Prior 19.41% | 18.57%

Calls: 15.47% | 9.01%

Puts: 23.34% | 28.14%

Current vs Prior +146.47% | -9.32%

Prior 7-Day Avg 44.77% | 16.70%

Calls: 37.10% | 15.17%

Puts: 52.44% | 18.24%

Current vs 7-Day Avg +6.86% | +0.82%

Liquidity Expensive

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Moderately bearish flow with 61% put dollar volume ($8.89M). Massive premium surge with dollar volume up 180% vs prior. P/C ratio rising 86% - increased hedging/bearish positioning.

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 NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

Prior NEUTRAL

7-Day Avg NEUTRAL

Current BEARISH

Prior BULLISH

7-Day Avg BULLISH

Sentiment Timeline (Today)

Time	Smart Money	Retail	Overall
15:40	BEARISH	BULLISH	BULLISH
15:05	BULLISH	BULLISH	BULLISH

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⏰ Backwardation

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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 53 of results (avg 8.6%, best 6.2%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$425.00	Aug 21	30.50	32.50	$31.50	6.3%	2	0.48	1
$420.00	Aug 21	32.50	34.70	$33.60	6.5%	--	0.50	28
$385.00	Aug 21	49.10	52.70	$50.90	7.1%	--	0.64	20
$330.00	Sep 4	94.00	101.00	$97.50	7.2%	2	0.78	--
$360.00	Aug 21	64.10	69.10	$66.60	7.5%	1	0.73	30

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$480.00	Aug 21	86.90	92.50	$89.70	6.2%	--	0.72	18
$425.00	Aug 21	49.70	53.50	$51.60	7.4%	2	0.53	--
$460.00	Aug 21	71.20	76.80	$74.00	7.6%	--	0.66	71
$470.00	Aug 21	79.00	85.50	$82.25	7.9%	--	0.69	160
$455.00	Aug 7	60.40	65.40	$62.90	7.9%	--	0.71	20

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. 141 found (avg delta 0.69, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$330.00	Jul 24	71.00	78.00	$74.50	9.4%	--	0.99	60
$350.00	Jul 24	51.20	58.00	$54.60	12.5%	--	0.97	65
$360.00	Jul 24	41.60	49.00	$45.30	16.3%	--	0.95	33
$365.00	Jul 24	37.00	44.00	$40.50	17.3%	--	0.93	12
$367.50	Jul 24	34.50	42.00	$38.25	19.6%	1	0.91	7

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$440.00	Jul 24	32.00	39.80	$35.90	21.7%	--	1.00	19
$445.00	Jul 24	37.00	44.20	$40.60	17.7%	10	1.00	37
$447.50	Jul 24	40.00	47.20	$43.60	16.5%	--	1.00	23
$450.00	Jul 24	42.00	50.10	$46.05	17.6%	15	1.00	37
$455.00	Jul 24	47.00	54.70	$50.85	15.1%	4	1.00	72

Most actively traded options today. High liquidity = easy entry/exit. 254 active (total vol 3.1K, top 300)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$402.50	Jul 24	7.80	13.00	$10.40	50.0%	126	0.54	42
$370.00	Aug 14	53.60	60.00	$56.80	11.3%	102	0.70	2
$450.00	Jul 24	0.00	0.30	$0.15	200.0%	66	0.02	201
$420.00	Jul 24	2.00	3.90	$2.95	64.4%	52	0.24	119
$400.00	Sep 4	53.00	61.00	$57.00	14.0%	52	0.58	--

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$390.00	Aug 14	25.80	30.50	$28.15	16.7%	300	0.39	12
$410.00	Jul 24	9.90	13.50	$11.70	30.8%	110	0.62	113
$405.00	Aug 21	36.90	42.10	$39.50	13.2%	88	0.45	--
$407.50	Jul 24	8.10	14.00	$11.05	53.4%	71	0.55	42
$400.00	Aug 28	39.20	44.20	$41.70	12.0%	71	0.43	3

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 73 strikes (avg 40.9%, max 166.2%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$475.00	Jul 24	Aug 14	233.3%	89.3%	161.2%	2	224
$480.00	Jul 24	Aug 21	204.5%	86.6%	136.1%	35	579
$330.00	Jul 24	Sep 4	181.8%	101.4%	79.3%	2	60
$482.50	Jul 24	Jul 31	171.1%	100.8%	69.7%	17	17
$387.50	Jul 24	Aug 21	141.1%	89.1%	58.3%	1	28

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$475.00	Jul 24	Aug 28	233.3%	87.6%	166.2%	--	100
$327.50	Jul 24	Jul 31	296.9%	113.1%	162.5%	--	266
$345.00	Jul 24	Aug 28	237.8%	92.5%	157.0%	54	38
$325.00	Jul 24	Aug 28	193.8%	96.9%	99.9%	5	62
$330.00	Jul 24	Sep 4	181.8%	101.4%	79.3%	1	62

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 223 found (best R:R 32.33, avg 3.06)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$455.00	$460.00	Jul 24	$0.15	$4.85	$0.15	32.33	$455.15
$480.00	$482.50	Jul 31	$0.10	$2.40	$0.10	24.00	$480.10
$465.00	$470.00	Jul 31	$0.25	$4.75	$0.25	19.00	$465.25
$432.50	$435.00	Jul 24	$0.13	$2.37	$0.13	18.23	$432.63
$435.00	$440.00	Jul 24	$0.30	$4.70	$0.30	15.67	$435.30

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$365.00	$360.00	Aug 14	$0.30	$4.70	$0.30	15.67	$364.70
$337.50	$335.00	Jul 24	$0.17	$2.33	$0.17	13.71	$337.33
$372.50	$370.00	Jul 24	$0.23	$2.27	$0.23	9.87	$372.27
$357.50	$355.00	Jul 24	$0.25	$2.25	$0.25	9.00	$357.25
$335.00	$330.00	Aug 28	$0.50	$4.50	$0.50	9.00	$334.50

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 301 found (best R:R 49.00, avg 1.99)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$345.00	$350.00	Jul 24	$4.90	$4.90	$0.10	49.00	$349.90
$360.00	$365.00	Jul 24	$4.80	$4.80	$0.20	24.00	$364.80
$370.00	$375.00	Aug 14	$4.80	$4.80	$0.20	24.00	$374.80
$350.00	$360.00	Jul 24	$9.30	$9.30	$0.70	13.29	$359.30
$365.00	$367.50	Jul 24	$2.25	$2.25	$0.25	9.00	$367.25

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$455.00	$450.00	Jul 24	$4.80	$4.80	$0.20	24.00	$450.20
$445.00	$440.00	Jul 24	$4.70	$4.70	$0.30	15.67	$440.30
$430.00	$425.00	Jul 31	$4.60	$4.60	$0.40	11.50	$425.40
$430.00	$425.00	Jul 24	$4.55	$4.55	$0.45	10.11	$425.45
$455.00	$450.00	Aug 7	$4.55	$4.55	$0.45	10.11	$450.45

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 81 found (avg debit $10.78, cheapest $0.75)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$475.00	Jul 24	Jul 31	$2.15	233.3%	101.3%
$480.00	Jul 24	Jul 31	$2.62	204.5%	99.6%
$482.50	Jul 24	Jul 31	$3.27	171.1%	100.8%
$470.00	Jul 24	Jul 31	$4.90	113.7%	99.7%
$465.00	Jul 24	Jul 31	$5.05	122.6%	96.8%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$327.50	Jul 24	Jul 31	$0.75	296.9%	113.1%
$325.00	Jul 24	Jul 31	$2.19	193.8%	108.4%
$330.00	Jul 24	Jul 31	$2.60	181.8%	106.7%
$340.00	Jul 24	Jul 31	$3.52	163.4%	103.3%
$475.00	Jul 24	Jul 31	$3.65	233.3%	101.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 113 found (cheapest 4.16% of stock, avg 16.47%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$410.00	Jul 24	$5.05	$11.70	$16.75	$393.25	$426.75	4.16%
$405.00	Jul 24	$8.75	$9.85	$18.60	$386.40	$423.60	4.62%
$412.50	Jul 24	$5.10	$13.75	$18.85	$393.65	$431.35	4.68%
$415.00	Jul 24	$4.25	$14.85	$19.10	$395.90	$434.10	4.74%
$402.50	Jul 24	$10.40	$8.85	$19.25	$383.25	$421.75	4.78%
$407.50	Jul 24	$8.35	$11.05	$19.40	$388.10	$426.90	4.82%
$400.00	Jul 24	$12.65	$6.90	$19.55	$380.45	$419.55	4.85%
$395.00	Jul 24	$15.75	$5.40	$21.15	$373.85	$416.15	5.25%
$397.50	Jul 24	$13.85	$7.40	$21.25	$376.25	$418.75	5.27%
$417.50	Jul 24	$4.30	$16.95	$21.25	$396.25	$438.75	5.27%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 2.38% of stock, avg 12.77%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$415.00	$392.50	Jul 24	$4.25	$5.35	$9.60	$382.90	$424.60
$415.00	$395.00	Jul 24	$4.25	$5.40	$9.65	$385.35	$424.65
$410.00	$392.50	Jul 24	$5.05	$5.35	$10.40	$382.10	$420.40
$410.00	$395.00	Jul 24	$5.05	$5.40	$10.45	$384.55	$420.45
$412.50	$392.50	Jul 24	$5.10	$5.35	$10.45	$382.05	$422.95
$412.50	$395.00	Jul 24	$5.10	$5.40	$10.50	$384.50	$423.00
$415.00	$400.00	Jul 24	$4.25	$6.90	$11.15	$388.85	$426.15
$415.00	$397.50	Jul 24	$4.25	$7.40	$11.65	$385.85	$426.65
$410.00	$400.00	Jul 24	$5.05	$6.90	$11.95	$388.05	$421.95
$412.50	$400.00	Jul 24	$5.10	$6.90	$12.00	$388.00	$424.50

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 383 found (best R:R 74.00, avg credit $5.88)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
365/370	378/385	Jul 31	$7.40	$0.10	74.00	$362.60	$384.90
330/335	378/385	Jul 31	$7.35	$0.15	49.00	$327.65	$384.85
340/345	350/355	Aug 7	$4.85	$0.15	32.33	$340.15	$354.85
325/330	380/385	Aug 21	$4.85	$0.15	32.33	$325.15	$384.85
325/330	350/355	Aug 28	$4.85	$0.15	32.33	$325.15	$354.85
325/330	360/365	Aug 28	$4.85	$0.15	32.33	$325.15	$364.85
345/350	425/430	Aug 28	$4.85	$0.15	32.33	$345.15	$429.85
340/342	350/360	Jul 24	$9.62	$0.38	25.32	$332.88	$359.62
362/365	378/385	Jul 31	$7.20	$0.30	24.00	$357.80	$384.70
335/340	360/365	Sep 4	$4.80	$0.20	24.00	$335.20	$364.80

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 110 found (best R:R 99.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$455.00	$460.00	$465.00	Jul 24	$0.07	$4.93	70.43
$440.00	$442.50	$445.00	Jul 24	$0.05	$2.45	49.00
$445.00	$450.00	$455.00	Aug 7	$0.10	$4.90	49.00
$430.00	$435.00	$440.00	Aug 21	$0.20	$4.80	24.00
$470.00	$475.00	$480.00	Aug 7	$0.25	$4.75	19.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$335.00	$340.00	$345.00	Aug 14	$0.05	$4.95	99.00
$395.00	$400.00	$405.00	Jul 31	$0.10	$4.90	49.00
$350.00	$355.00	$360.00	Aug 7	$0.10	$4.90	49.00
$330.00	$335.00	$340.00	Aug 14	$0.10	$4.90	49.00
$335.00	$340.00	$345.00	Aug 21	$0.10	$4.90	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. 55 found (best net $-24.30, 44 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$400.00	$440.00	1:2	Sep 4	-$24.30	$15.70
$435.00	$440.00	1:2	Jul 24	-$0.05	$4.95
$460.00	$465.00	1:2	Jul 24	-$0.07	$4.93
$455.00	$460.00	1:2	Jul 24	-$0.08	$4.92
$445.00	$450.00	1:2	Jul 24	-$0.10	$4.90

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$475.00	$440.00	1:2	Aug 14	-$30.15	$4.85
$345.00	$340.00	1:2	Jul 31	-$0.80	$4.20
$335.00	$330.00	1:2	Jul 31	-$1.78	$3.22
$335.00	$332.50	1:2	Jul 24	-$0.03	$2.47
$340.00	$337.50	1:2	Jul 24	-$0.12	$2.38

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 85 found (best yield 10.82%, avg 4.02%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$405.00	Aug 28	$43.60	0.56	0.5%	10.82%	11.36%	4	3
$410.00	Aug 28	$40.00	0.54	1.8%	9.93%	11.70%	5	1
$405.00	Aug 21	$39.40	0.56	0.5%	9.78%	10.31%	--	55
$410.00	Aug 21	$37.10	0.54	1.8%	9.21%	10.98%	11	378
$420.00	Aug 28	$36.90	0.51	4.3%	9.16%	13.42%	2	3
$440.00	Sep 4	$36.80	0.47	9.2%	9.13%	18.36%	4	--
$425.00	Aug 28	$34.70	0.49	5.5%	8.61%	14.11%	2	3
$405.00	Aug 14	$34.50	0.55	0.5%	8.56%	9.10%	--	10
$445.00	Sep 4	$34.00	0.46	10.5%	8.44%	18.90%	11	--
$430.00	Aug 28	$33.00	0.47	6.7%	8.19%	14.93%	--	11

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 3,201

Total Puts 2,506

Put/Call Ratio 0.78

Net Difference 695

Prior's Put/Call Breakdown

Total Calls 2,859

Total Puts 1,201

Put/Call Ratio 0.42

Net Difference 1,658

Prior 7-Day Put/Call Summary

Total Calls 32,889

Total Puts 43,842

Average Put/Call Ratio 1.49

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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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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