Tour v452
CIEN
CIENA CORP
$344.06 -8.80%
(7/27 18:04) ◀
|
Tuesday, July 28, 2026 (3:05pm)
January 2026
|
▶ (7/28 18:08)
◀ 7/28 15:05 ▶

Option Volume

Detail
ℹ
Current (07/28 3:05pm) 10,730
Calls: 6,673 (62%)
Puts: 4,057 (38%)
Prior (07/27) 7,060
Calls: 3,910 (55%)
Puts: 3,150 (45%)
Current vs Prior +51.98%
Calls: +70.66% (Calls)
Puts: +28.79% (Puts)
Prior 7-Day Total 68,217
Calls: 32,727 (48%)
Puts: 35,490 (52%)
Prior 7-Day Average 9,745
Calls: 4,675 (48%)
Puts: 5,070 (52%)
Current vs Prior 7-Day Avg +10.10%
Calls: +42.73%
Puts: -19.98%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/28 3:05pm) $18.85M
Calls: $9.26M (49%)
Puts: $9.59M (51%)
Prior (07/27) $10.75M
Calls: $5.09M (47%)
Puts: $5.66M (53%)
Current vs Prior +75.27%
Calls: +81.78%
Puts: +69.42%
Prior 7-Day Total $138.43M
Calls: $58.04M (42%)
Puts: $80.39M (58%)
Prior 7-Day Average $19.78M
Calls: $8.29M (42%)
Puts: $11.48M (58%)
Current vs Prior 7-Day Avg -4.68%
Calls: +11.64%
Puts: -16.46%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (07/28 3:05pm) 0.61
Prior (07/27) 0.81
Current vs Prior -24.53%
Prior 7-Day Average 0.99
Current vs Prior 7-Day Avg -38.73%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/28 3:05pm) 94,544
Calls: 46,148 (49%)
Puts: 48,396 (51%)
Prior (07/27) 90,383
Calls: 43,676 (48%)
Puts: 46,707 (52%)
Current vs Prior +4.60%
Prior 7-Day Total 740,555
Calls: 358,078 (48%)
Puts: 382,477 (52%)
Prior 7-Day Average 105,793
Calls: 51,154 (48%)
Puts: 54,639 (52%)
Current vs Prior 7-Day Avg -10.63%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 8.07% | 12.90%19.58% | 29.95%
Prior 5.03% | 11.54%20.40% | 31.13%
Current vs Prior +60.45% | +11.80%-4.07% | -3.78%
Prior 7-Day Avg 6.34% | 12.20%14.38% | 28.36%
Current vs 7-Day Avg +27.16% | +5.80%+36.12% | +5.62%
Prior 7-Day Eod 5.03% | 11.54%19.50% | 29.62%
Current vs 7-Day Eod +60.45% | +11.80%+0.41% | +1.12%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 18.54% | 15.32%
Calls: 26.47% | 15.31%
Puts: 10.60% | 15.32%
Prior 47.84% | 16.84%
Calls: 50.00% | 13.11%
Puts: 45.69% | 20.57%
Current vs Prior -61.25% | -9.03%
Prior 7-Day Avg 48.10% | 16.75%
Calls: 41.45% | 14.35%
Puts: 54.75% | 19.14%
Current vs 7-Day Avg -61.45% | -8.52%
Liquidity Expensive
+
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🤖 AI Insights

Elevated premium activity with dollar volume up 75% vs prior. Above-average activity with volume up 52% vs prior. Bullish P/C ratio of 0.61. P/C ratio dropping 25% - 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 BEARISH
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

📈 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 33 of results (avg 7.9%, best 4.8%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$330.00Aug 2138.7041.00$39.855.8%540.6110
$340.00Aug 2133.3035.50$34.406.4%60.5649
$357.50Aug 2125.7027.40$26.556.4%30.48--
$332.50Aug 726.7028.60$27.656.9%650.61--
$345.00Aug 2130.7033.10$31.907.5%20.541
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$355.00Aug 726.7028.00$27.354.8%--0.5539
$342.50Aug 720.0021.10$20.555.4%120.46--
$360.00Aug 729.4031.10$30.255.6%10.5877
$365.00Aug 732.5034.40$33.455.7%40.6137
$330.00Aug 714.5015.50$15.006.7%40.3788

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. 122 found (avg delta 0.68, highest 0.95)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$300.00Jul 3142.0048.50$45.2514.4%20.8833
$305.00Jul 3137.0044.30$40.6518.0%--0.8725
$310.00Jul 3133.0039.60$36.3018.2%60.8318
$300.00Aug 747.0053.10$50.0512.2%120.814
$290.00Aug 1458.0065.60$61.8012.3%10.801
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$410.00Jul 3163.7071.00$67.3510.8%--0.9547
$400.00Jul 3154.0062.00$58.0013.8%280.9368
$395.00Jul 3149.9057.00$53.4513.3%100.9122
$392.50Jul 3147.4055.00$51.2014.8%--0.9114
$402.50Jul 3156.2064.00$60.1013.0%30.884

Most actively traded options today. High liquidity = easy entry/exit. 230 active (total vol 5.1K, top 713)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$410.00Jul 310.351.10$0.73102.7%6460.05697
$342.50Jul 3111.8015.40$13.6026.5%6300.53--
$330.00Aug 726.0033.40$29.7024.9%830.6350
$332.50Aug 726.7028.60$27.656.9%650.61--
$400.00Jul 310.601.35$0.9876.5%630.0758
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$350.00Jul 3115.8017.60$16.7010.8%7130.56692
$307.50Jul 312.355.00$3.6872.0%6320.16102
$305.00Jul 312.053.00$2.5337.5%1710.134.1K
$345.00Jul 3113.4014.90$14.1510.6%730.5074
$325.00Aug 712.6015.60$14.1021.3%590.3429

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 68 strikes (avg 22.8%, max 63.7%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$405.00Jul 31Aug 21143.0%90.7%57.6%580
$402.50Jul 31Aug 21137.6%91.2%50.9%122
$407.50Jul 31Aug 21126.5%90.6%39.7%516
$310.00Jul 31Aug 28124.6%91.6%36.1%1120
$300.00Jul 31Sep 4134.1%98.8%35.8%2433
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$405.00Jul 31Aug 28143.0%87.4%63.7%855
$402.50Jul 31Aug 21137.6%91.2%50.9%315
$280.00Jul 31Aug 28132.2%90.7%45.8%465
$290.00Jul 31Aug 28134.1%94.0%42.7%14109
$285.00Jul 31Aug 14136.4%99.6%37.0%53.9K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 181 found (best R:R 24.00, avg 2.98)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$327.50$330.00Aug 7$0.10$2.40$0.1024.00$327.60
$400.00$405.00Aug 14$0.20$4.80$0.2024.00$400.20
$380.00$382.50Jul 31$0.15$2.35$0.1515.67$380.15
$397.50$400.00Jul 31$0.27$2.23$0.278.26$397.77
$377.50$380.00Jul 31$0.29$2.21$0.297.62$377.79
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$280.00$277.50Jul 31$0.15$2.35$0.1515.67$279.85
$282.50$280.00Jul 31$0.18$2.32$0.1812.89$282.32
$315.00$312.50Aug 7$0.20$2.30$0.2011.50$314.80
$292.50$290.00Jul 31$0.22$2.28$0.2210.36$292.28
$325.00$320.00Aug 14$0.45$4.55$0.4510.11$324.55

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 242 found (best R:R 49.00, avg 1.90)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$300.00$305.00Jul 31$4.60$4.60$0.4011.50$304.60
$305.00$310.00Jul 31$4.35$4.35$0.656.69$309.35
$300.00$302.50Aug 7$2.10$2.10$0.405.25$302.10
$290.00$295.00Aug 14$4.15$4.15$0.854.88$294.15
$330.00$332.50Aug 7$2.05$2.05$0.454.56$332.05
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$395.00$390.00Aug 14$4.90$4.90$0.1049.00$390.10
$410.00$405.00Jul 31$4.75$4.75$0.2519.00$405.25
$400.00$395.00Aug 28$4.70$4.70$0.3015.67$395.30
$345.00$342.50Aug 7$2.30$2.30$0.2011.50$342.70
$400.00$395.00Jul 31$4.55$4.55$0.4510.11$395.45

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 70 found (avg debit $7.24, cheapest $2.97)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$410.00Jul 31Aug 7$2.97114.4%93.2%
$315.00Aug 14Aug 21$3.4596.6%92.6%
$400.00Jul 31Aug 7$4.37108.2%95.9%
$300.00Jul 31Aug 7$4.80134.1%106.7%
$395.00Jul 31Aug 7$4.90108.4%94.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$407.50Aug 14Aug 21$3.1092.0%90.6%
$280.00Jul 31Aug 7$3.20132.2%112.1%
$282.50Jul 31Aug 7$3.67133.4%114.2%
$405.00Jul 31Aug 7$3.75143.0%95.7%
$290.00Jul 31Aug 7$3.87134.1%109.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 90 found (cheapest 7.69% of stock, avg 16.68%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$342.50Jul 31$13.60$12.85$26.45$316.05$368.957.69%
$337.50Jul 31$16.10$10.65$26.75$310.75$364.257.77%
$345.00Jul 31$12.65$14.15$26.80$318.20$371.807.79%
$340.00Jul 31$15.00$12.10$27.10$312.90$367.107.88%
$350.00Jul 31$10.50$16.70$27.20$322.80$377.207.91%
$352.50Jul 31$9.40$18.15$27.55$324.95$380.058.01%
$335.00Jul 31$18.05$9.80$27.85$307.15$362.858.09%
$332.50Jul 31$19.15$9.00$28.15$304.35$360.658.18%
$355.00Jul 31$9.10$19.90$29.00$326.00$384.008.43%
$330.00Jul 31$21.70$7.95$29.65$300.35$359.658.62%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 150 found (cheapest 5.30% of stock, avg 13.47%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$357.50$335.00Jul 31$8.45$9.80$18.25$316.75$375.75
$355.00$335.00Jul 31$9.10$9.80$18.90$316.10$373.90
$357.50$337.50Jul 31$8.45$10.65$19.10$318.40$376.60
$352.50$335.00Jul 31$9.40$9.80$19.20$315.80$371.70
$355.00$337.50Jul 31$9.10$10.65$19.75$317.75$374.75
$352.50$337.50Jul 31$9.40$10.65$20.05$317.45$372.55
$350.00$335.00Jul 31$10.50$9.80$20.30$314.70$370.30
$357.50$340.00Jul 31$8.45$12.10$20.55$319.45$378.05
$350.00$337.50Jul 31$10.50$10.65$21.15$316.35$371.15
$355.00$340.00Jul 31$9.10$12.10$21.20$318.80$376.20

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 386 found (best R:R 49.00, avg credit $5.07)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
315/320325/330Sep 4$4.90$0.1049.00$315.10$329.90
282/285300/305Jul 31$4.87$0.1337.46$280.13$304.87
325/330345/350Aug 21$4.85$0.1532.33$325.15$349.85
290/292300/305Jul 31$4.82$0.1826.78$287.68$304.82
310/312332/335Aug 7$2.40$0.1024.00$310.10$334.90
320/325360/365Aug 21$4.80$0.2024.00$320.20$364.80
330/335350/355Aug 28$4.80$0.2024.00$330.20$354.80
280/282300/305Jul 31$4.78$0.2221.73$277.72$304.78
278/280300/305Jul 31$4.75$0.2519.00$275.25$304.75
335/340375/380Aug 14$4.75$0.2519.00$335.25$379.75

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 91 found (best R:R 49.00, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$310.00$315.00$320.00Aug 14$0.10$4.9049.00
$372.50$375.00$377.50Jul 31$0.06$2.4440.67
$340.00$345.00$350.00Aug 21$0.15$4.8532.33
$370.00$372.50$375.00Jul 31$0.08$2.4230.25
$395.00$397.50$400.00Aug 21$0.10$2.4024.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$335.00$340.00$345.00Aug 28$0.10$4.9049.00
$280.00$282.50$285.00Jul 31$0.09$2.4126.78
$317.50$320.00$322.50Jul 31$0.10$2.4024.00
$387.50$390.00$392.50Jul 31$0.10$2.4024.00
$312.50$315.00$317.50Aug 7$0.10$2.4024.00

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 $-10.10, 34 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$320.00$350.001:2Aug 14-$10.10$19.90
$380.00$400.001:2Aug 14-$4.10$15.90
$302.50$327.501:2Aug 7-$11.65$13.35
$360.00$375.001:2Aug 7-$5.90$9.10
$400.00$410.001:2Aug 7-$2.05$7.95
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$300.00$295.001:2Jul 31-$0.62$4.38
$290.00$280.001:2Aug 21-$6.45$3.55
$290.00$280.001:2Aug 28-$6.60$3.40
$320.00$305.001:2Aug 28-$12.70$2.30
$310.00$300.001:2Aug 14-$7.85$2.15

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 76 found (best yield 10.17%, avg 3.64%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$355.00Sep 4$35.000.523.2%10.17%13.35%101
$345.00Aug 21$30.700.540.3%8.92%9.20%21
$350.00Aug 28$30.000.521.7%8.72%10.45%17
$370.00Sep 4$29.000.467.5%8.43%15.97%--10
$350.00Aug 21$28.400.511.7%8.25%9.98%389
$355.00Aug 28$28.000.503.2%8.14%11.32%--10
$375.00Sep 4$27.500.459.0%7.99%16.99%112
$357.50Aug 21$25.700.483.9%7.47%11.38%3--
$360.00Aug 28$25.600.484.6%7.44%12.07%--23
$360.00Aug 21$24.700.474.6%7.18%11.81%130

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 6,673
Total Puts 4,057
Put/Call Ratio 0.61
Net Difference 2,616

Prior's Put/Call Breakdown

Total Calls 3,910
Total Puts 3,150
Put/Call Ratio 0.81
Net Difference 760

Prior 7-Day Put/Call Summary

Total Calls 32,727
Total Puts 35,490
Average Put/Call Ratio 0.99
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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Chart Title

Price — Past 7 Days

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