CIEN - Options Database

CIEN

CIENA CORP

$380.82 +2.35%

(7/30 18:07) ◀

Friday, July 31, 2026 (3:05pm)

▶ (7/31 18:04)

◀ 7/31 15:05 ▶

Option Volume

Detail

ℹ

Current (07/31 3:05pm) 9,542

Calls: 4,204 (44%)

Puts: 5,338 (56%)

Prior (07/29) 6,266

Calls: 3,658 (58%)

Puts: 2,608 (42%)

Current vs Prior +52.28%

Calls: +14.93% (Calls)

Puts: +104.68% (Puts)

Prior 7-Day Total 52,076

Calls: 30,058 (58%)

Puts: 22,018 (42%)

Prior 7-Day Average 7,439

Calls: 4,294 (58%)

Puts: 3,145 (42%)

Current vs Prior 7-Day Avg +28.26%

Calls: -2.10%

Puts: +69.71%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (07/31 3:05pm) $19.74M

Calls: $8.88M (45%)

Puts: $10.86M (55%)

Prior (07/29) $20.04M

Calls: $4.37M (22%)

Puts: $15.67M (78%)

Current vs Prior -1.52%

Calls: +103.06%

Puts: -30.69%

Prior 7-Day Total $101.76M

Calls: $46.56M (46%)

Puts: $55.20M (54%)

Prior 7-Day Average $14.54M

Calls: $6.65M (46%)

Puts: $7.89M (54%)

Current vs Prior 7-Day Avg +35.76%

Calls: +33.44%

Puts: +37.71%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (07/31 3:05pm) 1.27

Prior (07/29) 0.71

Current vs Prior +78.10%

Prior 7-Day Average 0.75

Current vs Prior 7-Day Avg +69.95%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (07/31 3:05pm) 107,291

Calls: 54,634 (51%)

Puts: 52,657 (49%)

Prior (07/29) 99,477

Calls: 50,135 (50%)

Puts: 49,342 (50%)

Current vs Prior +7.86%

Prior 7-Day Total 703,115

Calls: 341,756 (49%)

Puts: 361,359 (51%)

Prior 7-Day Average 100,445

Calls: 48,822 (49%)

Puts: 51,622 (51%)

Current vs Prior 7-Day Avg +6.82%

Sentiment BEARISH

Expected Move

Detail

ℹ

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

Current 2.36% | 10.42%17.88% | 29.06%

Prior 8.07% | 12.90%19.58% | 29.95%

Current vs Prior -70.70% | -19.22%-8.65% | -2.99%

Prior 7-Day Avg 7.09% | 12.72%18.17% | 30.27%

Current vs 7-Day Avg -66.67% | -18.02%-1.56% | -4.02%

Prior 7-Day Eod 8.07% | 12.90%17.12% | 27.47%

Current vs 7-Day Eod -70.70% | -19.22%+4.45% | +5.78%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 100.38% | 17.25%

Calls: 90.00% | 11.82%

Puts: 110.76% | 22.68%

Prior 18.54% | 15.32%

Calls: 26.47% | 15.31%

Puts: 10.60% | 15.32%

Current vs Prior +441.42% | +12.60%

Prior 7-Day Avg 42.10% | 15.22%

Calls: 35.72% | 13.87%

Puts: 48.49% | 16.57%

Current vs 7-Day Avg +138.41% | +13.36%

Liquidity Expensive

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Above-average activity with volume up 52% vs prior. Bearish P/C ratio of 1.27 indicates protective positioning. P/C ratio rising 78% - increased hedging/bearish positioning.

Smart Money BEARISH

Retail Flow BEARISH

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BEARISH

7-Day Avg BEARISH

Current BEARISH

Prior BULLISH

7-Day Avg NEUTRAL

Current BEARISH

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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📉 Credit Spreads

📅 Calendar Spreads

⚡ Straddles

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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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Ratio Spreads

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Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 26 of results (avg 8.6%, best 4.9%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$340.00	Aug 21	55.80	58.60	$57.20	4.9%	6	0.74	57
$370.00	Aug 21	37.50	40.40	$38.95	7.4%	--	0.61	98
$355.00	Aug 28	50.00	54.00	$52.00	7.7%	--	0.67	10
$360.00	Aug 14	37.40	40.40	$38.90	7.7%	--	0.66	33
$370.00	Aug 28	41.90	45.40	$43.65	8.0%	1	0.61	5

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$455.00	Aug 28	82.30	87.90	$85.10	6.6%	--	0.74	46
$440.00	Aug 21	67.20	72.20	$69.70	7.2%	4	0.72	220
$405.00	Aug 28	48.70	52.40	$50.55	7.3%	--	0.55	15
$430.00	Aug 14	55.70	60.00	$57.85	7.4%	3	0.72	22
$450.00	Aug 21	74.00	80.30	$77.15	8.2%	3	0.76	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. 128 found (avg delta 0.72, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$315.00	Jul 31	63.10	71.00	$67.05	11.8%	--	1.00	104
$310.00	Jul 31	68.00	76.00	$72.00	11.1%	10	0.99	22
$350.00	Jul 31	27.70	36.00	$31.85	26.1%	5	0.97	12
$352.50	Jul 31	25.60	33.00	$29.30	25.3%	--	0.96	24
$355.00	Jul 31	23.50	31.00	$27.25	27.5%	2	0.96	34

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$400.00	Jul 31	14.00	21.60	$17.80	42.7%	28	1.00	45
$410.00	Jul 31	24.70	31.60	$28.15	24.5%	2	1.00	45
$402.50	Jul 31	17.00	24.30	$20.65	35.4%	1	0.97	1
$455.00	Aug 7	71.00	78.00	$74.50	9.4%	--	0.91	20
$450.00	Aug 7	66.00	74.00	$70.00	11.4%	--	0.89	16

Most actively traded options today. High liquidity = easy entry/exit. 221 active (total vol 6.5K, top 1.0K)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$400.00	Aug 7	10.70	15.00	$12.85	33.5%	792	0.38	103
$342.50	Jul 31	36.00	43.00	$39.50	17.7%	631	0.94	632
$390.00	Jul 31	0.40	2.80	$1.60	150.0%	64	0.25	118
$425.00	Aug 7	4.50	7.00	$5.75	43.5%	60	0.22	63
$400.00	Jul 31	0.05	1.00	$0.53	179.2%	34	0.09	83

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$325.00	Aug 21	10.10	12.20	$11.15	18.8%	1.0K	0.20	29
$350.00	Aug 7	6.70	8.60	$7.65	24.8%	681	0.24	86
$307.50	Jul 31	0.00	4.80	$2.40	200.0%	630	0.08	700
$335.00	Aug 21	12.60	14.30	$13.45	12.6%	578	0.24	67
$367.50	Jul 31	0.00	0.55	$0.28	196.4%	130	0.06	13

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 82 strikes (avg 467.3%, max 1269.9%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$455.00	Jul 31	Aug 28	1152.3%	84.1%	1269.9%	1	14
$450.00	Jul 31	Aug 28	1099.6%	85.1%	1192.7%	4	88
$320.00	Jul 31	Aug 21	1226.3%	96.3%	1173.7%	27	42
$440.00	Jul 31	Aug 28	990.2%	85.7%	1055.0%	17	143
$330.00	Jul 31	Aug 21	1064.8%	94.6%	1025.0%	--	68

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$305.00	Jul 31	Aug 21	1233.8%	98.4%	1154.4%	20	4.3K
$320.00	Jul 31	Sep 4	1226.3%	100.0%	1126.0%	23	128
$307.50	Jul 31	Aug 7	1430.3%	118.5%	1107.0%	630	720
$327.50	Jul 31	Aug 14	1105.1%	93.8%	1077.8%	115	245
$325.00	Jul 31	Sep 4	1145.5%	98.6%	1061.5%	7	102

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 195 found (best R:R 24.00, avg 3.04)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$392.50	$395.00	Jul 31	$0.10	$2.40	$0.10	24.00	$392.60
$447.50	$450.00	Aug 7	$0.11	$2.39	$0.11	21.73	$447.61
$417.50	$420.00	Aug 14	$0.15	$2.35	$0.15	15.67	$417.65
$405.00	$407.50	Jul 31	$0.17	$2.33	$0.17	13.71	$405.17
$445.00	$447.50	Aug 7	$0.17	$2.33	$0.17	13.71	$445.17

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$315.00	$310.00	Aug 14	$0.30	$4.70	$0.30	15.67	$314.70
$335.00	$332.50	Aug 7	$0.17	$2.33	$0.17	13.71	$334.83
$360.00	$357.50	Jul 31	$0.20	$2.30	$0.20	11.50	$359.80
$342.50	$340.00	Jul 31	$0.28	$2.22	$0.28	7.93	$342.22
$350.00	$345.00	Aug 14	$0.65	$4.35	$0.65	6.69	$349.35

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 257 found (best R:R 32.33, avg 2.02)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$315.00	$320.00	Jul 31	$4.85	$4.85	$0.15	32.33	$319.85
$322.50	$330.00	Jul 31	$7.25	$7.25	$0.25	29.00	$329.75
$360.00	$362.50	Aug 7	$2.40	$2.40	$0.10	24.00	$362.40
$362.50	$365.00	Jul 31	$2.35	$2.35	$0.15	15.67	$364.85
$337.50	$340.00	Jul 31	$2.30	$2.30	$0.20	11.50	$339.80

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$317.50	$315.00	Jul 31	$2.37	$2.37	$0.13	18.23	$315.13
$377.50	$375.00	Aug 21	$2.35	$2.35	$0.15	15.67	$375.15
$455.00	$450.00	Aug 7	$4.50	$4.50	$0.50	9.00	$450.50
$430.00	$420.00	Aug 7	$8.90	$8.90	$1.10	8.09	$421.10
$390.00	$387.50	Jul 31	$2.20	$2.20	$0.30	7.33	$387.80

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 81 found (avg debit $9.73, cheapest $0.05)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$440.00	Jul 31	Aug 7	$0.75	990.2%	90.6%
$445.00	Jul 31	Aug 7	$1.20	927.4%	91.5%
$430.00	Jul 31	Aug 7	$2.30	874.8%	92.4%
$425.00	Jul 31	Aug 7	$3.35	814.4%	93.8%
$422.50	Jul 31	Aug 7	$3.55	783.4%	92.2%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$320.00	Jul 31	Aug 7	$0.05	1226.3%	99.7%
$307.50	Jul 31	Aug 7	$0.20	1430.3%	118.5%
$305.00	Jul 31	Aug 7	$0.77	1233.8%	112.6%
$330.00	Jul 31	Aug 7	$1.15	1064.8%	96.8%
$327.50	Jul 31	Aug 7	$1.33	1105.1%	101.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 115 found (cheapest 1.88% of stock, avg 14.01%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$382.50	Jul 31	$3.60	$3.55	$7.15	$375.35	$389.65	1.88%
$380.00	Jul 31	$5.45	$3.18	$8.63	$371.37	$388.63	2.27%
$387.50	Jul 31	$2.20	$6.95	$9.15	$378.35	$396.65	2.40%
$385.00	Jul 31	$3.05	$6.35	$9.40	$375.60	$394.40	2.47%
$375.00	Jul 31	$8.90	$1.20	$10.10	$364.90	$385.10	2.65%
$390.00	Jul 31	$1.60	$9.15	$10.75	$379.25	$400.75	2.82%
$377.50	Jul 31	$6.90	$5.00	$11.90	$365.60	$389.40	3.12%
$372.50	Jul 31	$10.65	$1.38	$12.03	$360.47	$384.53	3.16%
$392.50	Jul 31	$1.35	$10.80	$12.15	$380.35	$404.65	3.19%
$370.00	Jul 31	$12.65	$0.35	$13.00	$357.00	$383.00	3.41%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 145 found (cheapest 0.67% of stock, avg 11.18%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$392.50	$375.00	Jul 31	$1.35	$1.20	$2.55	$372.45	$395.05
$392.50	$372.50	Jul 31	$1.35	$1.38	$2.73	$369.77	$395.23
$390.00	$375.00	Jul 31	$1.60	$1.20	$2.80	$372.20	$392.80
$390.00	$372.50	Jul 31	$1.60	$1.38	$2.98	$369.52	$392.98
$387.50	$375.00	Jul 31	$2.20	$1.20	$3.40	$371.60	$390.90
$387.50	$372.50	Jul 31	$2.20	$1.38	$3.58	$368.92	$391.08
$392.50	$362.50	Jul 31	$1.35	$2.30	$3.65	$358.85	$396.15
$390.00	$362.50	Jul 31	$1.60	$2.30	$3.90	$358.60	$393.90
$385.00	$375.00	Jul 31	$3.05	$1.20	$4.25	$370.75	$389.25
$385.00	$372.50	Jul 31	$3.05	$1.38	$4.43	$368.07	$389.43

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 254 found (best R:R 49.00, avg credit $5.26)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
335/340	375/380	Aug 7	$4.90	$0.10	49.00	$335.10	$379.90
335/340	345/350	Aug 21	$4.90	$0.10	49.00	$335.10	$349.90
335/340	360/365	Aug 21	$4.90	$0.10	49.00	$335.10	$364.90
330/335	360/365	Sep 4	$4.90	$0.10	49.00	$330.10	$364.90
330/335	365/370	Sep 4	$4.90	$0.10	49.00	$330.10	$369.90
342/345	350/355	Aug 7	$4.85	$0.15	32.33	$340.15	$354.85
310/315	365/370	Aug 14	$4.85	$0.15	32.33	$310.15	$369.85
325/328	345/350	Aug 14	$4.85	$0.15	32.33	$322.65	$349.85
310/315	320/325	Aug 21	$4.85	$0.15	32.33	$310.15	$324.85
315/320	330/340	Aug 21	$9.70	$0.30	32.33	$310.30	$339.70

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 104 found (best R:R 99.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$310.00	$315.00	$320.00	Jul 31	$0.10	$4.90	49.00
$445.00	$447.50	$450.00	Aug 7	$0.06	$2.44	40.67
$420.00	$430.00	$440.00	Aug 14	$0.25	$9.75	39.00
$425.00	$430.00	$435.00	Aug 7	$0.15	$4.85	32.33
$320.00	$325.00	$330.00	Aug 21	$0.15	$4.85	32.33

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$410.00	$420.00	$430.00	Aug 21	$0.10	$9.90	99.00
$355.00	$360.00	$365.00	Aug 7	$0.10	$4.90	49.00
$365.00	$367.50	$370.00	Aug 14	$0.05	$2.45	49.00
$330.00	$335.00	$340.00	Sep 4	$0.20	$4.80	24.00
$310.00	$315.00	$320.00	Aug 21	$0.25	$4.75	19.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 69 found (best net $-19.80, 60 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$310.00	$355.00	1:2	Aug 28	-$19.80	$25.20
$370.00	$400.00	1:2	Aug 28	-$15.95	$14.05
$440.00	$450.00	1:2	Aug 14	-$4.60	$5.40
$430.00	$440.00	1:2	Aug 14	-$4.80	$5.20
$440.00	$445.00	1:2	Jul 31	-$0.60	$4.40

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$370.00	$340.00	1:2	Sep 4	-$12.90	$17.10
$440.00	$400.00	1:2	Sep 4	-$28.80	$11.20
$400.00	$370.00	1:2	Sep 4	-$22.10	$7.90
$325.00	$320.00	1:2	Aug 7	-$0.20	$4.80
$315.00	$310.00	1:2	Jul 31	-$0.27	$4.73

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 75 found (best yield 9.19%, avg 3.59%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$400.00	Sep 4	$35.00	0.51	5.0%	9.19%	14.23%	4	30
$410.00	Sep 4	$31.00	0.47	7.7%	8.14%	15.80%	1	2
$385.00	Aug 21	$29.90	0.54	1.1%	7.85%	8.95%	1	135
$387.50	Aug 21	$28.90	0.53	1.8%	7.59%	9.34%	--	12
$420.00	Sep 4	$28.00	0.44	10.3%	7.35%	17.64%	1	1
$400.00	Aug 28	$27.90	0.48	5.0%	7.33%	12.36%	2	12
$390.00	Aug 21	$27.70	0.52	2.4%	7.27%	9.68%	2	209
$395.00	Aug 21	$25.50	0.49	3.7%	6.70%	10.42%	--	26
$382.50	Aug 14	$25.20	0.53	0.4%	6.62%	7.06%	1	--
$405.00	Aug 28	$25.00	0.46	6.3%	6.56%	12.91%	--	19

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 4,204

Total Puts 5,338

Put/Call Ratio 1.27

Net Difference -1,134

Prior's Put/Call Breakdown

Total Calls 3,658

Total Puts 2,608

Put/Call Ratio 0.71

Net Difference 1,050

Prior 7-Day Put/Call Summary

Total Calls 30,058

Total Puts 22,018

Average Put/Call Ratio 0.75

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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