CIEN - Options Database

CIEN

CIENA CORP

$440.97 +5.27%

$439.00 (-0.45%)🌙

as of 07/08 06:00 PM

(7/8 15:05) ◀

Wednesday, July 8, 2026 (6:01pm)

▶ (7/9 18:00)

◀ 7/8 18:01 ▶

Option Volume

Detail

ℹ

Current (07/08) 8,948

Calls: 4,252 (48%)

Puts: 4,696 (52%)

Prior (07/07) 10,175

Calls: 5,921 (58%)

Puts: 4,254 (42%)

Current vs Prior -12.06%

Calls: -28.19% (Calls)

Puts: +10.39% (Puts)

Prior 7-Day Total 80,909

Calls: 44,402 (55%)

Puts: 36,507 (45%)

Prior 7-Day Average 11,558

Calls: 6,343 (55%)

Puts: 5,215 (45%)

Current vs Prior 7-Day Avg -22.58%

Calls: -32.97%

Puts: -9.96%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (07/08) $15.44M

Calls: $11.52M (75%)

Puts: $3.93M (25%)

Prior (07/07) $13.42M

Calls: $5.47M (41%)

Puts: $7.94M (59%)

Current vs Prior +15.13%

Calls: +110.44%

Puts: -50.53%

Prior 7-Day Total $167.14M

Calls: $111.44M (67%)

Puts: $55.70M (33%)

Prior 7-Day Average $23.88M

Calls: $15.92M (67%)

Puts: $7.96M (33%)

Current vs Prior 7-Day Avg -35.31%

Calls: -27.67%

Puts: -50.61%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/08) 1.10

Prior (07/07) 0.72

Current vs Prior +53.72%

Prior 7-Day Average 0.84

Current vs Prior 7-Day Avg +31.53%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (07/08) 98,950

Calls: 49,613 (50%)

Puts: 49,337 (50%)

Prior (07/07) 94,194

Calls: 46,318 (49%)

Puts: 47,876 (51%)

Current vs Prior +5.05%

Prior 7-Day Total 663,633

Calls: 328,198 (49%)

Puts: 335,435 (51%)

Prior 7-Day Average 94,804

Calls: 46,885 (49%)

Puts: 47,919 (51%)

Current vs Prior 7-Day Avg +4.37%

Sentiment BEARISH

Expected Move

Detail

ℹ

WKMO Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)

Current 5.85% | 12.15%12.15% | 25.55%

Prior 7.40% | 11.82%11.82% | 25.38%

Current vs Prior -20.94% | +2.87%+2.87% | +0.67%

Prior 7-Day Avg 7.46% | 12.42%14.24% | 26.16%

Current vs 7-Day Avg -21.53% | -2.11%-14.64% | -2.36%

Prior 7-Day Eod 7.40% | 11.82%-- | --

Current vs 7-Day Eod -20.94% | +2.87%-- | --

Sentiment BULLISHBEARISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 20.79% | 20.45%

Calls: 22.71% | 20.85%

Puts: 18.87% | 20.04%

Prior 19.65% | 14.87%

Calls: 19.94% | 19.50%

Puts: 19.35% | 10.24%

Current vs Prior +5.80% | +37.53%

Prior 7-Day Avg 51.33% | 20.01%

Calls: 47.31% | 22.57%

Puts: 55.35% | 17.44%

Current vs 7-Day Avg -59.50% | +2.22%

Liquidity Expensive

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Moderately bullish flow with 75% call dollar volume ($11.52M). Slightly bearish P/C ratio of 1.10. P/C ratio rising 54% - increased hedging/bearish positioning.

Smart Money BULLISH

Retail Flow BEARISH

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BEARISH

7-Day Avg BULLISH

Current NEUTRAL

Prior BULLISH

7-Day Avg NEUTRAL

Current NEUTRAL

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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💰 Best Value Under $1

📊 High Delta (ITM)

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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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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 39 of results (avg 8.2%, best 4.5%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$440.00	Aug 21	53.60	57.30	$55.45	6.7%	5	0.56	223
$430.00	Aug 21	57.70	61.70	$59.70	6.7%	40	0.59	6
$360.00	Aug 21	98.00	106.10	$102.05	7.9%	4	0.79	5
$380.00	Aug 21	85.00	92.10	$88.55	8.0%	2	0.74	4
$440.00	Jul 31	39.20	42.50	$40.85	8.1%	3	0.55	10

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$490.00	Aug 21	80.30	84.00	$82.15	4.5%	2	0.57	5
$485.00	Jul 31	63.10	66.70	$64.90	5.5%	--	0.63	14
$500.00	Aug 21	86.40	91.50	$88.95	5.7%	1	0.60	167
$490.00	Jul 24	59.90	64.00	$61.95	6.6%	--	0.70	13
$500.00	Jul 31	72.30	77.30	$74.80	6.7%	2	0.69	7

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. 132 found (avg delta 0.71, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$360.00	Jul 10	77.00	84.50	$80.75	9.3%	--	0.98	17
$355.00	Jul 10	82.00	90.00	$86.00	9.3%	--	0.98	10
$370.00	Jul 10	67.00	74.70	$70.85	10.9%	6	0.97	6
$365.00	Jul 10	72.00	80.00	$76.00	10.5%	--	0.97	10
$380.00	Jul 10	58.00	65.40	$61.70	12.0%	--	0.96	12

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$510.00	Jul 10	65.20	73.00	$69.10	11.3%	1	1.00	4
$520.00	Jul 10	75.90	83.00	$79.45	8.9%	4	1.00	12
$500.00	Jul 10	56.40	63.00	$59.70	11.1%	2	0.94	27
$495.00	Jul 10	51.20	59.00	$55.10	14.2%	3	0.93	10
$490.00	Jul 10	46.80	54.00	$50.40	14.3%	--	0.91	32

Most actively traded options today. High liquidity = easy entry/exit. 235 active (total vol 4.3K, top 408)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$410.00	Aug 21	66.00	72.50	$69.25	9.4%	408	0.65	7
$445.00	Jul 10	8.40	11.90	$10.15	34.5%	327	0.46	337
$467.50	Jul 10	2.75	4.80	$3.78	54.2%	288	0.22	346
$437.50	Jul 10	13.40	15.70	$14.55	15.8%	122	0.56	11
$465.00	Jul 10	2.60	4.80	$3.70	59.5%	68	0.23	110

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$405.00	Jul 10	1.75	2.90	$2.33	49.4%	286	0.13	67
$387.50	Jul 10	0.00	2.45	$1.23	199.2%	285	0.07	302
$360.00	Jul 17	1.80	6.00	$3.90	107.7%	206	0.10	439
$420.00	Jul 10	4.10	6.20	$5.15	40.8%	91	0.25	83
$460.00	Jul 31	46.40	53.00	$49.70	13.3%	78	0.53	6

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 78 strikes (avg 22.4%, max 86.5%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$502.50	Jul 10	Jul 17	131.0%	76.4%	71.5%	12	28
$505.00	Jul 10	Jul 24	146.1%	85.3%	71.4%	--	76
$525.00	Jul 10	Aug 7	140.3%	85.1%	64.8%	16	19
$515.00	Jul 10	Aug 7	135.4%	88.6%	52.8%	1	192
$360.00	Jul 10	Aug 21	137.0%	91.8%	49.3%	4	22

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$505.00	Jul 10	Jul 17	146.1%	78.4%	86.5%	1	29
$355.00	Jul 10	Aug 7	150.1%	98.4%	52.7%	50	81
$365.00	Jul 10	Aug 7	141.4%	93.6%	51.1%	1	122
$370.00	Jul 10	Aug 21	130.4%	86.8%	50.2%	46	210
$360.00	Jul 10	Aug 21	137.0%	91.8%	49.3%	3	124

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 204 found (best R:R 32.33, avg 3.35)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$470.00	$475.00	Aug 7	$0.15	$4.85	$0.15	32.33	$470.15
$510.00	$520.00	Jul 31	$0.65	$9.35	$0.65	14.38	$510.65
$497.50	$500.00	Jul 10	$0.20	$2.30	$0.20	11.50	$497.70
$507.50	$510.00	Jul 17	$0.20	$2.30	$0.20	11.50	$507.70
$515.00	$520.00	Jul 17	$0.43	$4.57	$0.43	10.63	$515.43

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$375.00	$370.00	Jul 31	$0.25	$4.75	$0.25	19.00	$374.75
$387.50	$385.00	Jul 10	$0.13	$2.37	$0.13	18.23	$387.37
$385.00	$382.50	Jul 10	$0.17	$2.33	$0.17	13.71	$384.83
$390.00	$385.00	Jul 31	$0.35	$4.65	$0.35	13.29	$389.65
$405.00	$400.00	Aug 14	$0.35	$4.65	$0.35	13.29	$404.65

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 280 found (best R:R 49.00, avg 2.43)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$417.50	$422.50	Jul 24	$4.85	$4.85	$0.15	32.33	$422.35
$415.00	$417.50	Jul 10	$2.40	$2.40	$0.10	24.00	$417.40
$360.00	$365.00	Jul 10	$4.75	$4.75	$0.25	19.00	$364.75
$385.00	$390.00	Jul 10	$4.75	$4.75	$0.25	19.00	$389.75
$390.00	$395.00	Jul 10	$4.75	$4.75	$0.25	19.00	$394.75

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$505.00	$500.00	Jul 10	$4.90	$4.90	$0.10	49.00	$500.10
$495.00	$490.00	Jul 10	$4.70	$4.70	$0.30	15.67	$490.30
$450.00	$445.00	Jul 17	$4.70	$4.70	$0.30	15.67	$445.30
$470.00	$467.50	Jul 10	$2.30	$2.30	$0.20	11.50	$467.70
$500.00	$495.00	Jul 10	$4.60	$4.60	$0.40	11.50	$495.40

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 80 found (avg debit $9.03, cheapest $1.82)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$505.00	Jul 10	Jul 17	$1.82	146.1%	78.4%
$515.00	Jul 10	Jul 17	$2.38	135.4%	81.4%
$502.50	Jul 10	Jul 17	$2.48	131.0%	76.4%
$520.00	Jul 10	Jul 17	$2.75	114.2%	81.9%
$360.00	Jul 10	Jul 17	$3.55	137.0%	110.9%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$520.00	Jul 10	Jul 17	$2.70	114.2%	81.9%
$357.50	Jul 10	Jul 17	$2.92	135.1%	107.1%
$365.00	Jul 10	Jul 17	$3.32	141.4%	105.0%
$360.00	Jul 10	Jul 17	$3.60	137.0%	110.9%
$375.00	Jul 10	Jul 17	$4.40	129.2%	102.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 115 found (cheapest 5.54% of stock, avg 15.12%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$445.00	Jul 10	$10.15	$14.30	$24.45	$420.55	$469.45	5.54%
$440.00	Jul 10	$12.85	$11.70	$24.55	$415.45	$464.55	5.57%
$435.00	Jul 10	$16.15	$9.60	$25.75	$409.25	$460.75	5.84%
$450.00	Jul 10	$8.50	$17.60	$26.10	$423.90	$476.10	5.92%
$432.50	Jul 10	$18.30	$8.75	$27.05	$405.45	$459.55	6.13%
$430.00	Jul 10	$19.50	$7.90	$27.40	$402.60	$457.40	6.21%
$455.00	Jul 10	$6.95	$21.35	$28.30	$426.70	$483.30	6.42%
$425.00	Jul 10	$23.30	$6.20	$29.50	$395.50	$454.50	6.69%
$460.00	Jul 10	$5.10	$24.65	$29.75	$430.25	$489.75	6.75%
$420.00	Jul 10	$25.55	$5.15	$30.70	$389.30	$450.70	6.96%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 155 found (cheapest 3.38% of stock, avg 12.85%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$452.50	$422.50	Jul 10	$7.55	$7.35	$14.90	$407.60	$467.40
$452.50	$430.00	Jul 10	$7.55	$7.90	$15.45	$414.55	$467.95
$450.00	$422.50	Jul 10	$8.50	$7.35	$15.85	$406.65	$465.85
$452.50	$432.50	Jul 10	$7.55	$8.75	$16.30	$416.20	$468.80
$450.00	$430.00	Jul 10	$8.50	$7.90	$16.40	$413.60	$466.40
$452.50	$435.00	Jul 10	$7.55	$9.60	$17.15	$417.85	$469.65
$450.00	$432.50	Jul 10	$8.50	$8.75	$17.25	$415.25	$467.25
$447.50	$422.50	Jul 10	$10.05	$7.35	$17.40	$405.10	$464.90
$445.00	$422.50	Jul 10	$10.15	$7.35	$17.50	$405.00	$462.50
$447.50	$430.00	Jul 10	$10.05	$7.90	$17.95	$412.05	$465.45

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 297 found (best R:R 65.67, avg credit $6.21)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
380/390	400/410	Aug 21	$9.85	$0.15	65.67	$380.15	$409.85
410/420	460/470	Aug 21	$9.85	$0.15	65.67	$410.15	$469.85
358/360	405/410	Jul 17	$4.90	$0.10	49.00	$355.10	$409.90
400/405	440/445	Jul 31	$4.90	$0.10	49.00	$400.10	$444.90
385/388	390/395	Jul 10	$4.88	$0.12	40.67	$382.62	$394.88
365/370	390/400	Jul 17	$9.75	$0.25	39.00	$360.25	$399.75
365/370	380/385	Jul 24	$4.85	$0.15	32.33	$365.15	$384.85
400/405	430/435	Aug 7	$4.85	$0.15	32.33	$400.15	$434.85
380/390	420/430	Aug 21	$9.70	$0.30	32.33	$380.30	$429.70
380/385	405/410	Jul 17	$4.80	$0.20	24.00	$380.20	$409.80

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)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$450.00	$460.00	$470.00	Aug 21	$0.10	$9.90	99.00
$360.00	$370.00	$380.00	Jul 17	$0.20	$9.80	49.00
$380.00	$385.00	$390.00	Jul 10	$0.15	$4.85	32.33
$390.00	$400.00	$410.00	Aug 21	$0.30	$9.70	32.33
$405.00	$410.00	$415.00	Jul 24	$0.20	$4.80	24.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$440.00	$450.00	$460.00	Aug 21	$0.10	$9.90	99.00
$430.00	$432.50	$435.00	Jul 24	$0.05	$2.45	49.00
$407.50	$410.00	$412.50	Jul 10	$0.06	$2.44	40.67
$385.00	$387.50	$390.00	Jul 10	$0.07	$2.43	34.71
$375.00	$380.00	$385.00	Jul 17	$0.15	$4.85	32.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 54 found (best net $-30.15, 51 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$390.00	$430.00	1:2	Aug 7	-$30.15	$9.85
$490.00	$495.00	1:2	Jul 10	-$0.07	$4.93
$480.00	$500.00	1:2	Aug 7	-$15.15	$4.85
$520.00	$525.00	1:2	Jul 10	-$1.41	$3.59
$510.00	$515.00	1:2	Jul 17	-$2.26	$2.74

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$490.00	$455.00	1:2	Aug 7	-$29.35	$5.65
$370.00	$365.00	1:2	Jul 17	-$2.05	$2.95
$405.00	$400.00	1:2	Jul 10	-$2.27	$2.73
$390.00	$375.00	1:2	Aug 7	-$12.45	$2.55
$362.50	$360.00	1:2	Jul 10	-$0.10	$2.40

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 90 found (best yield 11.02%, avg 3.40%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$450.00	Aug 21	$48.60	0.54	2.0%	11.02%	13.07%	66	42
$460.00	Aug 21	$45.00	0.51	4.3%	10.20%	14.52%	2	17
$470.00	Aug 21	$41.30	0.48	6.6%	9.37%	15.95%	1	261
$480.00	Aug 21	$36.30	0.45	8.8%	8.23%	17.08%	10	206
$445.00	Jul 31	$35.50	0.53	0.9%	8.05%	8.96%	--	15
$460.00	Aug 7	$35.00	0.48	4.3%	7.94%	12.25%	6	6
$450.00	Jul 31	$33.30	0.51	2.0%	7.55%	9.60%	1	31
$490.00	Aug 21	$32.40	0.42	11.1%	7.35%	18.47%	1	43
$500.00	Aug 21	$31.30	0.40	13.4%	7.10%	20.48%	1	123
$460.00	Jul 31	$29.10	0.47	4.3%	6.60%	10.91%	5	17

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 4,252

Total Puts 4,696

Put/Call Ratio 1.10

Net Difference -444

Prior's Put/Call Breakdown

Total Calls 5,921

Total Puts 4,254

Put/Call Ratio 0.72

Net Difference 1,667

Prior 7-Day Put/Call Summary

Total Calls 44,402

Total Puts 36,507

Average Put/Call Ratio 0.84

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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