Tour v492
CIEN
CIENA CORP
$415.98 +1.18%
(8/4 18:14) ◀
|
Wednesday, August 5, 2026 (3:05pm)
January 2026
|
▶ (8/5 18:18)
◀ 8/5 15:05 ▶

Option Volume

Detail
ℹ
Current (08/05 3:05pm) 4,554
Calls: 2,432 (53%)
Puts: 2,122 (47%)
Prior (08/04) 6,791
Calls: 3,878 (57%)
Puts: 2,913 (43%)
Current vs Prior -32.94%
Calls: -37.29% (Calls)
Puts: -27.15% (Puts)
Prior 7-Day Total 48,815
Calls: 27,930 (57%)
Puts: 20,885 (43%)
Prior 7-Day Average 6,973
Calls: 3,990 (57%)
Puts: 2,983 (43%)
Current vs Prior 7-Day Avg -34.70%
Calls: -39.05%
Puts: -28.88%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/05 3:05pm) $14.07M
Calls: $9.27M (66%)
Puts: $4.80M (34%)
Prior (08/04) $13.89M
Calls: $10.18M (73%)
Puts: $3.71M (27%)
Current vs Prior +1.32%
Calls: -8.87%
Puts: +29.27%
Prior 7-Day Total $96.74M
Calls: $41.27M (43%)
Puts: $55.47M (57%)
Prior 7-Day Average $13.82M
Calls: $5.90M (43%)
Puts: $7.92M (57%)
Current vs Prior 7-Day Avg +1.82%
Calls: +57.28%
Puts: -39.44%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/05 3:05pm) 0.87
Prior (08/04) 0.75
Current vs Prior +16.16%
Prior 7-Day Average 0.74
Current vs Prior 7-Day Avg +17.67%
Sentiment NEUTRAL

Open Interest

Detail
ℹ
Current (08/05 3:05pm) 90,188
Calls: 50,630 (56%)
Puts: 39,558 (44%)
Prior (08/04) 87,122
Calls: 48,607 (56%)
Puts: 38,515 (44%)
Current vs Prior +3.52%
Prior 7-Day Total 683,256
Calls: 344,271 (50%)
Puts: 338,985 (50%)
Prior 7-Day Average 97,608
Calls: 49,181 (50%)
Puts: 48,426 (50%)
Current vs Prior 7-Day Avg -7.60%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/07) | Next (08/14)Expiry (08/21) | Next (09/18)
Current 6.70% | 11.53%14.83% | 26.66%
Prior 9.55% | 13.52%16.68% | 28.39%
Current vs Prior -29.87% | -14.74%-11.10% | -6.08%
Prior 7-Day Avg 6.95% | 12.52%19.28% | 30.20%
Current vs 7-Day Avg -3.63% | -7.91%-23.06% | -11.74%
Prior 7-Day Eod 9.55% | 13.52%15.46% | 27.63%
Current vs 7-Day Eod -29.87% | -14.74%-4.04% | -3.52%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 22.75% | 18.97%
Calls: 18.82% | 19.30%
Puts: 26.67% | 18.64%
Prior 21.66% | 13.57%
Calls: 19.72% | 17.90%
Puts: 23.59% | 9.24%
Current vs Prior +5.03% | +39.79%
Prior 7-Day Avg 35.78% | 15.81%
Calls: 36.04% | 16.16%
Puts: 35.52% | 15.46%
Current vs 7-Day Avg -36.42% | +19.99%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 66% call dollar volume ($9.27M).

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 NEUTRAL
Prior BULLISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior NEUTRAL
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 57 of results (avg 8.4%, best 3.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$410.00Sep 1855.0058.50$56.756.2%40.5964
$440.00Aug 2120.5021.90$21.206.6%90.41231
$360.00Sep 1883.1088.90$86.006.7%10.735
$340.00Sep 1895.00102.20$98.607.3%--0.7929
$377.50Aug 2151.7055.90$53.807.8%--0.7312
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$450.00Sep 1871.1073.60$72.353.5%300.5323
$420.00Sep 1852.9055.40$54.154.6%340.4447
$380.00Sep 1833.8035.60$34.705.2%--0.3317
$400.00Sep 1842.9045.40$44.155.7%300.3977
$370.00Sep 1829.6031.40$30.505.9%--0.3034

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. 138 found (avg delta 0.69, highest 0.97)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$340.00Aug 773.0080.80$76.9010.1%30.974
$355.00Aug 759.0067.00$63.0012.7%--0.9540
$350.00Aug 764.0071.00$67.5010.4%--0.9554
$342.50Aug 771.0078.70$74.8510.3%10.951
$345.00Aug 768.0076.00$72.0011.1%1040.952
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$492.50Aug 773.2080.00$76.608.9%10.91--
$470.00Aug 751.1058.00$54.5512.6%--0.9081
$455.00Aug 737.1045.00$41.0519.2%--0.8520
$480.00Aug 1465.1072.00$68.5510.1%--0.8311
$450.00Aug 733.1040.00$36.5518.9%300.8315

Most actively traded options today. High liquidity = easy entry/exit. 213 active (total vol 2.9K, top 375)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$470.00Aug 2110.6013.80$12.2026.2%1820.28585
$345.00Aug 768.0076.00$72.0011.1%1040.952
$430.00Aug 76.509.10$7.8033.3%1030.36780
$470.00Aug 145.907.70$6.8026.5%790.2137
$400.00Aug 720.2024.00$22.1017.2%590.71917
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$350.00Aug 70.201.65$0.93155.9%3750.05769
$352.50Aug 70.201.10$0.65138.5%1420.049
$405.00Aug 2123.7025.80$24.758.5%1260.4193
$370.00Aug 71.152.45$1.8072.2%650.10212
$400.00Aug 75.107.50$6.3038.1%550.2964

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 74 strikes (avg 29.1%, max 93.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$345.00Aug 7Aug 21162.6%93.0%74.7%1053
$495.00Aug 7Sep 11157.9%92.6%70.5%2221
$340.00Aug 7Sep 18151.1%94.8%59.4%333
$350.00Aug 7Sep 18143.6%94.4%52.0%2101
$362.50Aug 7Aug 14136.8%95.2%43.6%--92
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$335.00Aug 7Sep 11190.4%98.2%93.9%277
$345.00Aug 7Sep 11162.6%95.9%69.5%135
$337.50Aug 7Aug 14179.3%110.3%62.5%6--
$340.00Aug 7Sep 18151.1%94.8%59.4%5140
$342.50Aug 7Aug 14167.6%108.8%54.1%215

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 237 found (best R:R 54.56, avg 3.15)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$480.00$490.00Aug 7$0.18$9.82$0.1854.56$480.18
$465.00$470.00Aug 14$0.15$4.85$0.1532.33$465.15
$452.50$455.00Aug 7$0.13$2.37$0.1318.23$452.63
$460.00$462.50Aug 14$0.20$2.30$0.2011.50$460.20
$445.00$450.00Aug 21$0.60$4.40$0.607.33$445.60
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$360.00$355.00Aug 7$0.18$4.82$0.1826.78$359.82
$382.50$380.00Aug 7$0.10$2.40$0.1024.00$382.40
$357.50$355.00Aug 14$0.10$2.40$0.1024.00$357.40
$387.50$385.00Aug 7$0.13$2.37$0.1318.23$387.37
$355.00$352.50Aug 7$0.15$2.35$0.1515.67$354.85

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 296 found (best R:R 49.00, avg 1.88)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$365.00$370.00Aug 7$4.85$4.85$0.1532.33$369.85
$370.00$375.00Aug 7$4.75$4.75$0.2519.00$374.75
$362.50$365.00Aug 7$2.35$2.35$0.1515.67$364.85
$360.00$362.50Aug 14$2.35$2.35$0.1515.67$362.35
$380.00$385.00Aug 21$4.60$4.60$0.4011.50$384.60
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$492.50$470.00Aug 7$22.05$22.05$0.4549.00$470.45
$455.00$450.00Aug 7$4.50$4.50$0.509.00$450.50
$470.00$455.00Aug 7$13.50$13.50$1.509.00$456.50
$372.50$370.00Aug 7$2.18$2.18$0.326.81$370.32
$480.00$475.00Aug 14$4.35$4.35$0.656.69$475.65

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 77 found (avg debit $8.59, cheapest $2.41)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$340.00Aug 7Aug 14$3.05151.1%112.2%
$490.00Aug 7Aug 14$3.25119.7%89.8%
$350.00Aug 7Aug 14$3.50143.6%108.6%
$480.00Aug 7Aug 14$3.92113.2%87.6%
$355.00Aug 7Aug 14$4.00130.0%102.0%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$337.50Aug 7Aug 14$2.41179.3%110.3%
$342.50Aug 7Aug 14$2.97167.6%108.8%
$335.00Aug 7Aug 14$3.02190.4%120.3%
$345.00Aug 7Aug 14$3.17162.6%107.4%
$357.50Aug 14Aug 21$3.6099.6%90.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 109 found (cheapest 6.57% of stock, avg 16.40%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$410.00Aug 7$17.15$10.20$27.35$382.65$437.356.57%
$415.00Aug 7$14.35$13.05$27.40$387.60$442.406.59%
$420.00Aug 7$11.95$15.50$27.45$392.55$447.456.60%
$407.50Aug 7$18.45$9.15$27.60$379.90$435.106.63%
$402.50Aug 7$20.55$7.45$28.00$374.50$430.506.73%
$400.00Aug 7$22.10$6.30$28.40$371.60$428.406.83%
$405.00Aug 7$20.10$8.70$28.80$376.20$433.806.92%
$430.00Aug 7$7.80$21.55$29.35$400.65$459.357.06%
$397.50Aug 7$24.05$6.45$30.50$367.00$428.007.33%
$395.00Aug 7$27.20$5.55$32.75$362.25$427.757.87%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 3.51% of stock, avg 12.61%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$432.50$402.50Aug 7$7.15$7.45$14.60$387.90$447.10
$430.00$402.50Aug 7$7.80$7.45$15.25$387.25$445.25
$432.50$405.00Aug 7$7.15$8.70$15.85$389.15$448.35
$432.50$407.50Aug 7$7.15$9.15$16.30$391.20$448.80
$430.00$405.00Aug 7$7.80$8.70$16.50$388.50$446.50
$430.00$407.50Aug 7$7.80$9.15$16.95$390.55$446.95
$425.00$402.50Aug 7$9.90$7.45$17.35$385.15$442.35
$432.50$410.00Aug 7$7.15$10.20$17.35$392.65$449.85
$430.00$410.00Aug 7$7.80$10.20$18.00$392.00$448.00
$422.50$402.50Aug 7$10.70$7.45$18.15$384.35$440.65

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 274 found (best R:R 65.67, avg credit $6.23)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
370/380400/410Sep 18$9.85$0.1565.67$370.15$409.85
355/370385/400Sep 11$14.70$0.3049.00$355.30$399.70
370/380390/400Sep 18$9.80$0.2049.00$370.20$399.80
345/350370/375Aug 14$4.85$0.1532.33$345.15$374.85
350/355365/370Aug 21$4.85$0.1532.33$350.15$369.85
385/390400/405Aug 28$4.85$0.1532.33$385.15$404.85
345/348350/355Aug 7$4.82$0.1826.78$342.68$354.82
362/365380/382Aug 14$2.40$0.1024.00$362.60$382.40
385/390410/415Aug 28$4.80$0.2024.00$385.20$414.80
400/410440/450Sep 18$9.55$0.4521.22$400.45$449.55

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 112 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$405.00$415.00$425.00Sep 4$0.15$9.8565.67
$365.00$370.00$375.00Aug 7$0.10$4.9049.00
$420.00$422.50$425.00Aug 14$0.05$2.4549.00
$360.00$365.00$370.00Aug 21$0.10$4.9049.00
$420.00$425.00$430.00Aug 21$0.10$4.9049.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$355.00$360.00$365.00Aug 28$0.05$4.9599.00
$340.00$350.00$360.00Sep 18$0.15$9.8565.67
$380.00$382.50$385.00Aug 21$0.05$2.4549.00
$350.00$355.00$360.00Aug 28$0.15$4.8532.33
$380.00$385.00$390.00Aug 28$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. 37 found (best net $-17.65, 34 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$480.00$490.001:2Aug 7-$0.37$9.63
$480.00$490.001:2Aug 21-$5.85$4.15
$460.00$465.001:2Aug 7-$1.50$3.50
$470.00$475.001:2Aug 7-$1.77$3.23
$457.50$460.001:2Aug 7-$0.03$2.47
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$440.00$400.001:2Sep 4-$17.65$22.35
$360.00$355.001:2Aug 7-$0.62$4.38
$355.00$340.001:2Sep 4-$10.75$4.25
$342.50$340.001:2Aug 7-$0.03$2.47
$362.50$360.001:2Aug 7-$0.33$2.17

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 92 found (best yield 12.09%, avg 4.15%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$420.00Sep 18$50.300.561.0%12.09%13.06%4234
$420.00Sep 11$46.000.551.0%11.06%12.02%25
$430.00Sep 18$45.800.533.4%11.01%14.38%--13
$440.00Sep 18$42.100.505.8%10.12%15.89%2476
$430.00Sep 11$41.000.523.4%9.86%13.23%41
$425.00Sep 4$39.000.532.2%9.38%11.54%56
$435.00Sep 11$39.000.504.6%9.38%13.95%2--
$450.00Sep 18$38.000.478.2%9.14%17.31%738
$440.00Sep 11$37.000.485.8%8.89%14.67%4--
$460.00Sep 18$35.900.4510.6%8.63%19.21%1112

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 2,432
Total Puts 2,122
Put/Call Ratio 0.87
Net Difference 310

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 27,930
Total Puts 20,885
Average Put/Call Ratio 0.74
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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