Tour v490
CIEN
CIENA CORP
$414.56 +6.09%
(8/3 18:06) ◀
|
Tuesday, August 4, 2026 (3:05pm)
January 2026
|
▶ (8/4 18:14)
◀ 8/4 15:05 ▶

Option Volume

Detail
ℹ
Current (08/04 3:05pm) 6,791
Calls: 3,878 (57%)
Puts: 2,913 (43%)
Prior (08/03) 5,450
Calls: 3,425 (63%)
Puts: 2,025 (37%)
Current vs Prior +24.61%
Calls: +13.23% (Calls)
Puts: +43.85% (Puts)
Prior 7-Day Total 52,000
Calls: 30,184 (58%)
Puts: 21,816 (42%)
Prior 7-Day Average 7,428
Calls: 4,312 (58%)
Puts: 3,116 (42%)
Current vs Prior 7-Day Avg -8.58%
Calls: -10.06%
Puts: -6.53%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/04 3:05pm) $13.89M
Calls: $10.18M (73%)
Puts: $3.71M (27%)
Prior (08/03) $7.68M
Calls: $5.06M (66%)
Puts: $2.62M (34%)
Current vs Prior +80.79%
Calls: +101.19%
Puts: +41.48%
Prior 7-Day Total $104.63M
Calls: $43.22M (41%)
Puts: $61.41M (59%)
Prior 7-Day Average $14.95M
Calls: $6.17M (41%)
Puts: $8.77M (59%)
Current vs Prior 7-Day Avg -7.08%
Calls: +64.81%
Puts: -57.68%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/04 3:05pm) 0.75
Prior (08/03) 0.59
Current vs Prior +27.05%
Prior 7-Day Average 0.73
Current vs Prior 7-Day Avg +2.71%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/04 3:05pm) 87,122
Calls: 48,607 (56%)
Puts: 38,515 (44%)
Prior (08/03) 83,295
Calls: 46,220 (55%)
Puts: 37,075 (45%)
Current vs Prior +4.59%
Prior 7-Day Total 696,678
Calls: 344,363 (49%)
Puts: 352,315 (51%)
Prior 7-Day Average 99,525
Calls: 49,194 (49%)
Puts: 50,330 (51%)
Current vs Prior 7-Day Avg -12.46%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 7.94% | 12.89%15.92% | 28.07%
Prior 2.36% | 10.42%17.88% | 29.06%
Current vs Prior +235.80% | +23.68%-10.97% | -3.41%
Prior 7-Day Avg 6.76% | 12.49%20.05% | 30.77%
Current vs 7-Day Avg +17.41% | +3.19%-20.59% | -8.79%
Prior 7-Day Eod 2.36% | 10.42%16.49% | 28.20%
Current vs 7-Day Eod +235.80% | +23.68%-3.47% | -0.48%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 21.88% | 18.45%
Calls: 21.97% | 20.00%
Puts: 21.79% | 16.90%
Prior 100.38% | 17.25%
Calls: 90.00% | 11.82%
Puts: 110.76% | 22.68%
Current vs Prior -78.20% | +6.96%
Prior 7-Day Avg 35.46% | 16.52%
Calls: 35.43% | 14.89%
Puts: 35.48% | 18.16%
Current vs 7-Day Avg -38.30% | +11.65%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 73% call dollar volume ($10.18M). Elevated premium activity with dollar volume up 81% vs prior.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BEARISH
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
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 64 of results (avg 8.1%, best 3.9%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$440.00Sep 1844.9046.70$45.803.9%10.5075
$425.00Aug 2127.2028.40$27.804.3%110.499
$420.00Aug 2129.1030.70$29.905.4%180.5153
$410.00Sep 1857.5060.70$59.105.4%80.5859
$340.00Sep 1895.40100.80$98.105.5%--0.7829
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$420.00Aug 2133.4035.10$34.255.0%30.49156
$410.00Sep 1850.2052.90$51.555.2%--0.4245
$390.00Sep 1840.6042.80$41.705.3%--0.3634
$400.00Sep 1845.1047.80$46.455.8%--0.3977
$490.00Aug 2181.0086.60$83.806.7%--0.7720

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. 147 found (avg delta 0.67, highest 0.96)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$340.00Aug 771.8079.00$75.409.5%20.963
$332.50Aug 779.0086.60$82.809.2%--0.9561
$350.00Aug 762.6070.00$66.3011.2%--0.9454
$352.50Aug 760.0067.00$63.5011.0%10.931
$355.00Aug 757.1065.00$61.0512.9%--0.9340
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$475.00Aug 758.2066.00$62.1012.6%10.903
$470.00Aug 754.0061.60$57.8013.1%--0.9081
$455.00Aug 741.0048.00$44.5015.7%--0.8320
$480.00Aug 1468.0074.90$71.459.7%--0.8211
$475.00Aug 1463.0070.80$66.9011.7%--0.8010

Most actively traded options today. High liquidity = easy entry/exit. 245 active (total vol 3.3K, top 347)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$410.00Aug 716.6019.80$18.2017.6%2220.5864
$460.00Aug 72.354.00$3.1851.9%930.1633
$480.00Aug 71.251.80$1.5335.9%760.08529
$400.00Aug 722.7029.00$25.8524.4%720.67950
$470.00Aug 71.553.20$2.3869.3%570.12224
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$415.00Aug 713.9017.30$15.6021.8%3470.4745
$377.50Aug 73.504.80$4.1531.3%1000.177
$385.00Aug 74.906.50$5.7028.1%760.22438
$380.00Aug 73.905.60$4.7535.8%700.1942
$370.00Aug 72.554.00$3.2844.2%530.13200

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 19.7%, max 56.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$495.00Aug 7Sep 11148.3%94.6%56.8%216
$340.00Aug 7Sep 18132.5%97.0%36.6%232
$350.00Aug 7Sep 18128.0%96.1%33.2%--101
$387.50Aug 7Aug 21118.2%90.5%30.6%--40
$360.00Aug 7Sep 18124.9%95.7%30.4%530
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$340.00Aug 7Sep 18132.5%97.0%36.6%40136
$335.00Aug 7Sep 11133.9%98.6%35.9%1876
$355.00Aug 7Aug 28126.0%93.6%34.7%1675
$350.00Aug 7Sep 18128.0%96.1%33.2%52809
$382.50Aug 7Aug 21118.9%90.8%30.9%3167

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 253 found (best R:R 33.09, avg 2.74)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$482.50$490.00Aug 7$0.22$7.28$0.2233.09$482.72
$480.00$485.00Aug 28$0.45$4.55$0.4510.11$480.45
$460.00$462.50Aug 7$0.23$2.27$0.239.87$460.23
$490.00$495.00Aug 14$0.47$4.53$0.479.64$490.47
$480.00$482.50Aug 7$0.26$2.24$0.268.62$480.26
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$340.00$335.00Aug 7$0.20$4.80$0.2024.00$339.80
$347.50$345.00Aug 7$0.13$2.37$0.1318.23$347.37
$355.00$352.50Aug 7$0.15$2.35$0.1515.67$354.85
$377.50$375.00Aug 7$0.15$2.35$0.1515.67$377.35
$340.00$335.00Aug 14$0.32$4.68$0.3214.62$339.68

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 308 found (best R:R 74.00, avg 1.66)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$332.50$340.00Aug 7$7.40$7.40$0.1074.00$339.90
$360.00$362.50Aug 7$2.35$2.35$0.1515.67$362.35
$382.50$385.00Aug 21$2.30$2.30$0.2011.50$384.80
$340.00$350.00Aug 7$9.10$9.10$0.9010.11$349.10
$380.00$385.00Aug 7$4.55$4.55$0.4510.11$384.55
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$480.00$475.00Aug 14$4.55$4.55$0.4510.11$475.45
$470.00$455.00Aug 7$13.30$13.30$1.707.82$456.70
$410.00$407.50Aug 14$2.20$2.20$0.307.33$407.80
$475.00$470.00Aug 7$4.30$4.30$0.706.14$470.70
$455.00$450.00Aug 7$4.15$4.15$0.854.88$450.85

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 77 found (avg debit $8.16, cheapest $1.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$495.00Aug 7Aug 14$1.08148.3%89.3%
$490.00Aug 7Aug 14$3.40111.5%88.7%
$350.00Aug 7Aug 14$3.60128.0%102.0%
$475.00Aug 7Aug 14$4.18116.7%88.9%
$480.00Aug 7Aug 14$4.22109.4%88.6%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$335.00Aug 7Aug 14$2.58133.9%104.6%
$340.00Aug 7Aug 14$2.70132.5%101.9%
$345.00Aug 7Aug 14$3.40128.6%102.9%
$350.00Aug 7Aug 14$3.77128.0%102.0%
$357.50Aug 14Aug 21$4.00100.4%92.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 108 found (cheapest 7.79% of stock, avg 17.10%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$412.50Aug 7$17.30$15.00$32.30$380.20$444.807.79%
$415.00Aug 7$16.75$15.60$32.35$382.65$447.357.80%
$420.00Aug 7$13.95$18.40$32.35$387.65$452.357.80%
$425.00Aug 7$12.25$21.25$33.50$391.50$458.508.08%
$405.00Aug 7$21.85$11.85$33.70$371.30$438.708.13%
$402.50Aug 7$22.95$11.05$34.00$368.50$436.508.20%
$430.00Aug 7$9.75$24.55$34.30$395.70$464.308.27%
$400.00Aug 7$25.85$9.95$35.80$364.20$435.808.64%
$397.50Aug 7$26.75$9.30$36.05$361.45$433.558.70%
$395.00Aug 7$28.70$8.40$37.10$357.90$432.108.95%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 162 found (cheapest 4.75% of stock, avg 13.13%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$430.00$400.00Aug 7$9.75$9.95$19.70$380.30$449.70
$430.00$402.50Aug 7$9.75$11.05$20.80$381.70$450.80
$427.50$400.00Aug 7$10.95$9.95$20.90$379.10$448.40
$430.00$405.00Aug 7$9.75$11.85$21.60$383.40$451.60
$427.50$402.50Aug 7$10.95$11.05$22.00$380.50$449.50
$425.00$400.00Aug 7$12.25$9.95$22.20$377.80$447.20
$427.50$405.00Aug 7$10.95$11.85$22.80$382.20$450.30
$422.50$400.00Aug 7$13.05$9.95$23.00$377.00$445.50
$425.00$402.50Aug 7$12.25$11.05$23.30$379.20$448.30
$420.00$400.00Aug 7$13.95$9.95$23.90$376.10$443.90

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 306 found (best R:R 65.67, avg credit $5.42)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
360/370420/430Sep 18$9.85$0.1565.67$360.15$429.85
360/370380/390Sep 18$9.80$0.2049.00$360.20$389.80
380/390420/430Sep 18$9.80$0.2049.00$380.20$429.80
370/380390/400Aug 28$9.75$0.2539.00$370.25$399.75
335/340410/415Sep 4$4.85$0.1532.33$335.15$414.85
390/400420/430Sep 18$9.70$0.3032.33$390.30$429.70
340/342365/370Aug 7$4.80$0.2024.00$337.70$369.80
360/362375/380Aug 7$4.80$0.2024.00$357.70$379.80
370/375390/395Sep 4$4.80$0.2024.00$370.20$394.80
340/345365/370Aug 14$4.75$0.2519.00$340.25$369.75

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)
LowMidHighExpiryDebitMax GainR:R
$340.00$350.00$360.00Aug 21$0.15$9.8565.67
$340.00$350.00$360.00Sep 18$0.20$9.8049.00
$430.00$440.00$450.00Sep 18$0.25$9.7539.00
$445.00$450.00$455.00Aug 21$0.15$4.8532.33
$470.00$480.00$490.00Aug 21$0.35$9.6527.57
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$415.00$420.00$425.00Aug 7$0.05$4.9599.00
$350.00$355.00$360.00Aug 28$0.05$4.9599.00
$460.00$470.00$480.00Aug 21$0.20$9.8049.00
$345.00$347.50$350.00Aug 7$0.07$2.4334.71
$345.00$350.00$355.00Aug 14$0.15$4.8532.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 41 found (best net $-19.60, 40 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$482.50$490.001:2Aug 7-$0.83$6.67
$475.00$480.001:2Aug 7-$0.64$4.36
$450.00$475.001:2Sep 11-$21.70$3.30
$480.00$490.001:2Aug 21-$7.40$2.60
$455.00$460.001:2Aug 7-$2.43$2.57
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$435.00$400.001:2Sep 4-$19.60$15.40
$470.00$440.001:2Aug 14-$17.30$12.70
$450.00$430.001:2Aug 7-$8.75$11.25
$360.00$340.001:2Sep 4-$10.70$9.30
$365.00$345.001:2Sep 11-$13.55$6.45

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 96 found (best yield 12.74%, avg 4.62%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$420.00Sep 18$52.800.561.3%12.74%14.05%6234
$430.00Sep 18$47.400.533.7%11.43%15.16%413
$420.00Sep 11$46.300.551.3%11.17%12.48%81
$415.00Sep 4$45.800.560.1%11.05%11.15%24
$425.00Sep 11$44.900.542.5%10.83%13.35%61
$440.00Sep 18$44.900.506.1%10.83%16.97%175
$420.00Sep 4$43.100.541.3%10.40%11.71%22
$430.00Sep 11$42.500.523.7%10.25%13.98%2--
$425.00Sep 4$41.700.532.5%10.06%12.58%72
$450.00Sep 18$41.100.478.6%9.91%18.46%337

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 3,878
Total Puts 2,913
Put/Call Ratio 0.75
Net Difference 965

Prior's Put/Call Breakdown

Total Calls 3,425
Total Puts 2,025
Put/Call Ratio 0.59
Net Difference 1,400

Prior 7-Day Put/Call Summary

Total Calls 30,184
Total Puts 21,816
Average Put/Call Ratio 0.73
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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Chart Title

Price — Past 7 Days

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