Tour v308
CIEN
CIENA CORP
$462.34 +4.85%
$464.21 (+0.40%)🌙
as of 07/09 06:00 PM
(7/8 18:01) ◀
|
Thursday, July 9, 2026 (6:00pm)
January 2026
|
▶ (7/10 15:05)
◀ 7/9 18:00 ▶

Option Volume

Detail
ℹ
Current (07/09) 15,019
Calls: 9,660 (64%)
Puts: 5,359 (36%)
Prior (07/08) 8,948
Calls: 4,252 (48%)
Puts: 4,696 (52%)
Current vs Prior +67.85%
Calls: +127.19% (Calls)
Puts: +14.12% (Puts)
Prior 7-Day Total 78,590
Calls: 42,462 (54%)
Puts: 36,128 (46%)
Prior 7-Day Average 11,227
Calls: 6,066 (54%)
Puts: 5,161 (46%)
Current vs Prior 7-Day Avg +33.77%
Calls: +59.25%
Puts: +3.83%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (07/09) $49.76M
Calls: $29.97M (60%)
Puts: $19.79M (40%)
Prior (07/08) $15.44M
Calls: $11.52M (75%)
Puts: $3.93M (25%)
Current vs Prior +222.20%
Calls: +160.29%
Puts: +403.62%
Prior 7-Day Total $164.19M
Calls: $109.17M (66%)
Puts: $55.01M (34%)
Prior 7-Day Average $23.46M
Calls: $15.60M (66%)
Puts: $7.86M (34%)
Current vs Prior 7-Day Avg +112.16%
Calls: +92.18%
Puts: +151.82%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (07/09) 0.55
Prior (07/08) 1.10
Current vs Prior -49.77%
Prior 7-Day Average 0.88
Current vs Prior 7-Day Avg -36.98%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (07/09) 103,250
Calls: 51,295 (50%)
Puts: 51,955 (50%)
Prior (07/08) 98,950
Calls: 49,613 (50%)
Puts: 49,337 (50%)
Current vs Prior +4.35%
Prior 7-Day Total 659,844
Calls: 324,626 (49%)
Puts: 335,218 (51%)
Prior 7-Day Average 94,263
Calls: 46,375 (49%)
Puts: 47,888 (51%)
Current vs Prior 7-Day Avg +9.53%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (07/10) | Next (07/17)Expiry (07/17) | Next (08/21)
Current 4.66% | 10.40%10.40% | 23.85%
Prior 5.85% | 12.15%12.15% | 25.55%
Current vs Prior -20.33% | -14.41%-14.41% | -6.65%
Prior 7-Day Avg 7.07% | 12.25%13.69% | 25.98%
Current vs 7-Day Avg -34.07% | -15.04%-23.98% | -8.22%
Prior 7-Day Eod 5.85% | 12.16%-- | --
Current vs 7-Day Eod -20.33% | -14.41%-- | --
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 20.79% | 20.45%
Calls: 22.71% | 20.85%
Puts: 18.87% | 20.04%
Prior 20.79% | 20.45%
Calls: 22.71% | 20.85%
Puts: 18.87% | 20.04%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 49.38% | 19.80%
Calls: 46.11% | 22.11%
Puts: 52.64% | 17.49%
Current vs 7-Day Avg -57.89% | +3.28%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 60% call dollar volume ($29.97M). Massive premium surge with dollar volume up 222% vs prior. Dollar volume significantly above 7-day average (112% higher). Above-average activity with volume up 68% 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 BULLISH
Current BULLISH
Prior NEUTRAL
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 48 of results (avg 7.9%, best 3.5%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$440.00Aug 2164.5066.80$65.653.5%110.63223
$450.00Aug 2158.8061.20$60.004.0%20.6068
$500.00Aug 2137.8039.70$38.754.9%250.45124
$470.00Aug 2149.2051.80$50.505.1%260.54262
$520.00Aug 2131.1033.20$32.156.5%80.4045
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$470.00Aug 2154.2056.60$55.404.3%10.469
$480.00Aug 2159.8063.20$61.505.5%10.498
$520.00Aug 2184.3089.10$86.705.5%100.603
$460.00Aug 2148.1051.40$49.756.6%30.4312
$500.00Aug 2171.0076.40$73.707.3%--0.55167

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. 155 found (avg delta 0.72, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$380.00Jul 1078.3085.00$81.658.2%121.0012
$390.00Jul 1067.0075.00$71.0011.3%111.0016
$395.00Jul 1063.5070.00$66.759.7%--1.0017
$400.00Jul 1058.2065.00$61.6011.0%--1.0082
$405.00Jul 1053.0060.00$56.5012.4%--1.0029
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$530.00Jul 1065.0072.20$68.6010.5%110.9710
$505.00Jul 1040.0048.00$44.0018.2%420.9427
$520.00Jul 1055.0062.30$58.6512.4%--0.9412
$500.00Jul 1036.0043.00$39.5017.7%40.9426
$550.00Jul 1787.0094.00$90.507.7%10.9257

Most actively traded options today. High liquidity = easy entry/exit. 322 active (total vol 10.6K, top 1.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$525.00Aug 718.5022.90$20.7021.3%1.2K0.348
$510.00Aug 722.0027.20$24.6021.1%1.2K0.382
$507.50Jul 173.207.90$5.5584.7%8590.202
$480.00Jul 101.005.40$3.20137.5%6080.23203
$467.50Jul 103.0011.00$7.00114.3%2940.41584
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$425.00Jul 176.509.60$8.0538.5%8850.237
$435.00Jul 100.556.20$3.38167.2%3270.19321
$445.00Jul 102.908.80$5.85100.9%3200.29319
$405.00Jul 100.000.50$0.25200.0%3000.02300
$427.50Jul 100.004.00$2.00200.0%2160.124

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 92 strikes (avg 58.6%, max 167.1%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$535.00Jul 10Aug 7222.3%83.2%167.1%--28
$532.50Jul 10Jul 17217.2%83.2%161.0%333
$545.00Jul 10Jul 31215.1%84.4%154.7%3222
$385.00Jul 10Aug 14218.6%88.2%147.9%231
$550.00Jul 10Aug 21204.4%83.9%143.6%44131
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$385.00Jul 10Aug 14218.6%88.2%147.9%574
$370.00Jul 10Aug 21217.8%88.9%145.2%11177
$375.00Jul 10Aug 14204.2%90.0%126.8%6182
$380.00Jul 10Aug 21185.9%88.3%110.5%20169
$407.50Jul 10Jul 17189.8%97.7%94.3%136

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 240 found (best R:R 44.45, avg 3.27)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$540.00$550.00Jul 17$0.22$9.78$0.2244.45$540.22
$510.00$515.00Jul 17$0.15$4.85$0.1532.33$510.15
$520.00$525.00Jul 10$0.20$4.80$0.2024.00$520.20
$515.00$517.50Jul 17$0.10$2.40$0.1024.00$515.10
$530.00$532.50Jul 17$0.10$2.40$0.1024.00$530.10
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$447.50$445.00Jul 10$0.10$2.40$0.1024.00$447.40
$405.00$400.00Jul 24$0.20$4.80$0.2024.00$404.80
$380.00$375.00Jul 24$0.30$4.70$0.3015.67$379.70
$412.50$410.00Jul 10$0.20$2.30$0.2011.50$412.30
$437.50$435.00Jul 10$0.20$2.30$0.2011.50$437.30

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 322 found (best R:R 41.86, avg 2.34)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$405.00$410.00Jul 10$4.85$4.85$0.1532.33$409.85
$397.50$400.00Jul 10$2.40$2.40$0.1024.00$399.90
$422.50$425.00Jul 10$2.40$2.40$0.1024.00$424.90
$430.00$432.50Jul 10$2.40$2.40$0.1024.00$432.40
$492.50$495.00Jul 17$2.40$2.40$0.1024.00$494.90
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$520.00$505.00Jul 10$14.65$14.65$0.3541.86$505.35
$550.00$540.00Jul 17$9.50$9.50$0.5019.00$540.50
$540.00$530.00Jul 17$9.20$9.20$0.8011.50$530.80
$495.00$490.00Jul 17$4.55$4.55$0.4510.11$490.45
$505.00$500.00Jul 10$4.50$4.50$0.509.00$500.50

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 96 found (avg debit $8.17, cheapest $0.80)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$550.00Jul 10Jul 17$0.80204.4%80.0%
$532.50Jul 10Jul 17$1.15217.2%83.2%
$540.00Jul 10Jul 17$1.72147.5%75.8%
$535.00Jul 10Jul 17$2.00222.3%90.8%
$537.50Jul 10Jul 17$2.08201.3%86.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$375.00Jul 10Jul 17$1.20204.2%91.7%
$380.00Jul 10Jul 17$2.17185.9%97.0%
$385.00Jul 10Jul 17$2.20218.6%98.6%
$370.00Jul 10Jul 17$2.42217.8%111.0%
$530.00Jul 10Jul 17$3.20138.6%82.1%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 134 found (cheapest 4.17% of stock, avg 14.56%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$465.00Jul 10$8.40$10.90$19.30$445.70$484.304.17%
$450.00Jul 10$15.45$4.40$19.85$430.15$469.854.29%
$470.00Jul 10$5.75$14.50$20.25$449.75$490.254.38%
$455.00Jul 10$13.25$7.55$20.80$434.20$475.804.50%
$460.00Jul 10$11.25$10.15$21.40$438.60$481.404.63%
$475.00Jul 10$3.63$17.90$21.53$453.47$496.534.66%
$452.50Jul 10$15.15$7.20$22.35$430.15$474.854.83%
$447.50Jul 10$18.60$5.95$24.55$422.95$472.055.31%
$480.00Jul 10$3.20$21.75$24.95$455.05$504.955.40%
$477.50Jul 10$5.30$19.80$25.10$452.40$502.605.43%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 170 found (cheapest 1.94% of stock, avg 11.63%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$472.50$450.00Jul 10$4.55$4.40$8.95$441.05$481.45
$470.00$450.00Jul 10$5.75$4.40$10.15$439.85$480.15
$472.50$447.50Jul 10$4.55$5.95$10.50$437.00$483.00
$467.50$450.00Jul 10$7.00$4.40$11.40$438.60$478.90
$470.00$447.50Jul 10$5.75$5.95$11.70$435.80$481.70
$472.50$452.50Jul 10$4.55$7.20$11.75$440.75$484.25
$472.50$455.00Jul 10$4.55$7.55$12.10$442.90$484.60
$465.00$450.00Jul 10$8.40$4.40$12.80$437.20$477.80
$467.50$447.50Jul 10$7.00$5.95$12.95$434.55$480.45
$470.00$452.50Jul 10$5.75$7.20$12.95$439.55$482.95

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 269 found (best R:R 65.67, avg credit $7.09)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
390/400410/420Aug 21$9.85$0.1565.67$390.15$419.85
400/410430/440Aug 21$9.85$0.1565.67$400.15$439.85
390/395400/410Jul 17$9.80$0.2049.00$385.20$409.80
400/405410/415Jul 17$4.90$0.1049.00$400.10$414.90
380/385415/420Jul 17$4.88$0.1240.67$380.12$419.88
370/375415/425Jul 31$9.75$0.2539.00$365.25$424.75
400/410440/450Aug 21$9.75$0.2539.00$400.25$449.75
370/372390/395Jul 10$4.87$0.1337.46$367.63$394.87
385/390410/415Jul 17$4.85$0.1532.33$385.15$414.85
450/455465/470Aug 7$4.85$0.1532.33$450.15$469.85

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 136 found (best R:R 99.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$430.00$440.00$450.00Aug 21$0.10$9.9099.00
$435.00$437.50$440.00Jul 10$0.05$2.4549.00
$467.50$470.00$472.50Jul 10$0.05$2.4549.00
$440.00$445.00$450.00Jul 24$0.10$4.9049.00
$475.00$480.00$485.00Jul 24$0.10$4.9049.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$480.00$482.50$485.00Jul 10$0.05$2.4549.00
$405.00$410.00$415.00Aug 14$0.10$4.9049.00
$500.00$510.00$520.00Aug 21$0.20$9.8049.00
$530.00$540.00$550.00Jul 17$0.30$9.7032.33
$520.00$530.00$540.00Jul 17$0.35$9.6527.57

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 61 found (best net $-7.50, 46 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$435.00$485.001:2Aug 14-$15.95$34.05
$540.00$550.001:2Jul 17-$1.51$8.49
$385.00$430.001:2Aug 14-$36.70$8.30
$515.00$520.001:2Jul 10-$0.37$4.63
$520.00$525.001:2Jul 10-$0.40$4.60
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$495.00$440.001:2Aug 14-$7.50$47.50
$445.00$440.001:2Jul 10-$0.21$4.79
$405.00$400.001:2Jul 10-$0.41$4.59
$380.00$375.001:2Jul 17-$0.65$4.35
$385.00$380.001:2Jul 17-$1.72$3.28

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 103 found (best yield 10.64%, avg 3.39%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$470.00Aug 21$49.200.541.7%10.64%12.30%26262
$480.00Aug 21$44.000.513.8%9.52%13.34%4206
$465.00Aug 7$39.700.550.6%8.59%9.16%39
$470.00Aug 7$39.200.531.7%8.48%10.14%24
$490.00Aug 21$38.700.486.0%8.37%14.35%644
$500.00Aug 21$37.800.458.2%8.18%16.32%25124
$475.00Aug 7$37.100.512.7%8.02%10.76%1010
$485.00Aug 14$36.000.484.9%7.79%12.69%4--
$510.00Aug 21$34.400.4310.3%7.44%17.75%521
$490.00Aug 14$34.000.466.0%7.35%13.34%2--

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 9,660
Total Puts 5,359
Put/Call Ratio 0.55
Net Difference 4,301

Prior's Put/Call Breakdown

Total Calls 4,252
Total Puts 4,696
Put/Call Ratio 1.10
Net Difference -444

Prior 7-Day Put/Call Summary

Total Calls 42,462
Total Puts 36,128
Average Put/Call Ratio 0.88
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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