CIEN - Options Database

CIEN

CIENA CORP

$420.85 -5.84%

(7/14 18:03) ◀

Wednesday, July 15, 2026 (3:05pm)

▶ (7/15 18:06)

◀ 7/15 15:05 ▶

Option Volume

Detail

ℹ

Current (07/15 3:05pm) 19,212

Calls: 6,543 (34%)

Puts: 12,669 (66%)

Prior (07/14) 8,205

Calls: 1,898 (23%)

Puts: 6,307 (77%)

Current vs Prior +134.15%

Calls: +244.73% (Calls)

Puts: +100.87% (Puts)

Prior 7-Day Total 65,204

Calls: 33,627 (52%)

Puts: 31,577 (48%)

Prior 7-Day Average 9,314

Calls: 4,803 (52%)

Puts: 4,511 (48%)

Current vs Prior 7-Day Avg +106.25%

Calls: +36.20%

Puts: +180.85%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (07/15 3:05pm) $20.17M

Calls: $11.02M (55%)

Puts: $9.15M (45%)

Prior (07/14) $12.68M

Calls: $7.04M (56%)

Puts: $5.64M (44%)

Current vs Prior +59.07%

Calls: +56.51%

Puts: +62.25%

Prior 7-Day Total $135.61M

Calls: $69.48M (51%)

Puts: $66.13M (49%)

Prior 7-Day Average $19.37M

Calls: $9.93M (51%)

Puts: $9.45M (49%)

Current vs Prior 7-Day Avg +4.11%

Calls: +11.00%

Puts: -3.14%

Sentiment BULLISH

Put/Call Ratio

Detail

ℹ

Current (07/15 3:05pm) 1.94

Prior (07/14) 3.32

Current vs Prior -41.73%

Prior 7-Day Average 0.97

Current vs Prior 7-Day Avg +99.36%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (07/15 3:05pm) 106,230

Calls: 51,239 (48%)

Puts: 54,991 (52%)

Prior (07/14) 103,507

Calls: 50,278 (49%)

Puts: 53,229 (51%)

Current vs Prior +2.63%

Prior 7-Day Total 691,948

Calls: 342,035 (49%)

Puts: 349,913 (51%)

Prior 7-Day Average 98,849

Calls: 48,862 (49%)

Puts: 49,987 (51%)

Current vs Prior 7-Day Avg +7.47%

Sentiment BULLISH

Expected Move

Detail

ℹ

WKMO Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)

Current 6.76% | 11.20%6.76% | 23.36%

Prior 8.82% | 13.12%8.82% | 23.71%

Current vs Prior -23.39% | -14.64%-23.39% | -1.47%

Prior 7-Day Avg 5.65% | 11.56%10.45% | 24.59%

Current vs 7-Day Avg +19.54% | -3.06%-35.29% | -5.02%

Prior 7-Day Eod 8.82% | 13.12%7.53% | 23.40%

Current vs 7-Day Eod -23.39% | -14.64%-10.21% | -0.20%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 36.27% | 15.20%

Calls: 30.56% | 10.70%

Puts: 41.99% | 19.69%

Prior 23.41% | 20.11%

Calls: 25.59% | 22.60%

Puts: 21.23% | 17.62%

Current vs Prior +54.93% | -24.42%

Prior 7-Day Avg 59.22% | 17.68%

Calls: 47.87% | 20.12%

Puts: 70.56% | 15.24%

Current vs 7-Day Avg -38.75% | -14.01%

Liquidity Expensive

Add Card

🤖 AI Insights

Elevated premium activity with dollar volume up 59% vs prior. Unusually high activity with volume up 134% vs prior - elevated interest. Volume explosion - 106% above 7-day average (19,212 vs avg 9,314). Extreme bearish P/C ratio of 1.94 - heavy put buying.

Smart Money BULLISH

Retail Flow BEARISH

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BULLISH

Prior BULLISH

7-Day Avg BULLISH

Current BEARISH

Prior BEARISH

7-Day Avg NEUTRAL

Current BEARISH

Prior BEARISH

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

🎯

Tightest Spreads

💰

Best Value <$1

📊

High Delta

⚖️

Ratio Spreads

🛡️

Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 60 of results (avg 7.7%, best 3.6%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$370.00	Aug 21	73.20	78.00	$75.60	6.3%	2	0.73	210
$360.00	Aug 21	79.80	86.00	$82.90	7.5%	1	0.77	8
$350.00	Aug 21	86.10	93.00	$89.55	7.7%	2	0.80	214
$390.00	Aug 21	61.00	65.90	$63.45	7.7%	--	0.67	10
$340.00	Aug 21	93.30	101.00	$97.15	7.9%	1	0.82	45

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$450.00	Aug 21	60.50	62.70	$61.60	3.6%	4	0.54	1.1K
$440.00	Aug 21	54.40	56.40	$55.40	3.6%	1	0.51	206
$460.00	Aug 21	67.00	70.00	$68.50	4.4%	2	0.57	69
$430.00	Aug 21	48.70	51.20	$49.95	5.0%	2	0.47	113
$460.00	Aug 7	58.30	61.30	$59.80	5.0%	3	0.61	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. 127 found (avg delta 0.71, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$340.00	Jul 17	78.90	86.00	$82.45	8.6%	--	0.98	17
$350.00	Jul 17	69.00	76.00	$72.50	9.7%	--	0.97	54
$360.00	Jul 17	59.20	66.00	$62.60	10.9%	1	0.96	16
$370.00	Jul 17	49.70	57.00	$53.35	13.7%	1	0.94	34
$345.00	Jul 17	73.50	81.00	$77.25	9.7%	2	0.93	4

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$500.00	Jul 17	75.00	83.50	$79.25	10.7%	21	1.00	221
$480.00	Jul 17	55.00	62.30	$58.65	12.4%	2	0.98	183
$490.00	Jul 17	65.00	72.20	$68.60	10.5%	--	0.98	88
$475.00	Jul 17	50.00	58.20	$54.10	15.2%	--	0.97	29
$470.00	Jul 17	45.00	52.00	$48.50	14.4%	1	0.96	642

Most actively traded options today. High liquidity = easy entry/exit. 254 active (total vol 6.4K, top 672)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$430.00	Jul 17	7.80	13.10	$10.45	50.7%	645	0.43	36
$477.50	Jul 17	0.40	1.10	$0.75	93.3%	637	0.06	662
$500.00	Jul 24	3.50	5.40	$4.45	42.7%	151	0.14	104
$475.00	Jul 31	9.10	15.00	$12.05	49.0%	85	0.28	15
$452.50	Jul 17	2.15	4.50	$3.33	70.6%	59	0.19	64

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$390.00	Jul 17	2.40	4.20	$3.30	54.5%	672	0.17	266
$417.50	Jul 17	8.50	13.70	$11.10	46.8%	650	0.43	638
$367.50	Jul 17	0.60	1.20	$0.90	66.7%	320	0.06	37
$370.00	Jul 17	0.70	1.50	$1.10	72.7%	255	0.07	436
$380.00	Jul 17	1.25	2.50	$1.88	66.5%	249	0.10	469

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 27.9%, max 101.3%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$345.00	Jul 17	Jul 24	201.4%	100.0%	101.3%	2	14
$340.00	Jul 17	Aug 21	146.4%	87.0%	68.2%	1	62
$350.00	Jul 17	Aug 21	139.4%	86.7%	60.8%	2	268
$497.50	Jul 17	Jul 24	164.5%	104.9%	56.8%	3	14
$485.00	Jul 17	Jul 31	133.3%	87.8%	51.9%	23	168

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$352.50	Jul 17	Jul 24	176.3%	101.9%	72.9%	10	45
$340.00	Jul 17	Aug 28	146.4%	91.0%	60.9%	5	494
$485.00	Jul 17	Aug 7	133.3%	85.1%	56.6%	2	11
$350.00	Jul 17	Aug 28	139.4%	89.3%	56.2%	90	621
$360.00	Jul 17	Aug 28	125.6%	85.5%	46.8%	28	473

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 209 found (best R:R 51.63, avg 3.72)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$477.50	$480.00	Jul 17	$0.12	$2.38	$0.12	19.83	$477.62
$472.50	$475.00	Jul 17	$0.13	$2.37	$0.13	18.23	$472.63
$480.00	$482.50	Jul 17	$0.15	$2.35	$0.15	15.67	$480.15
$427.50	$430.00	Jul 24	$0.15	$2.35	$0.15	15.67	$427.65
$460.00	$462.50	Jul 17	$0.18	$2.32	$0.18	12.89	$460.18

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$350.00	$340.00	Jul 17	$0.19	$9.81	$0.19	51.63	$349.81
$355.00	$350.00	Aug 28	$0.20	$4.80	$0.20	24.00	$354.80
$355.00	$352.50	Jul 24	$0.11	$2.39	$0.11	21.73	$354.89
$380.00	$375.00	Jul 17	$0.23	$4.77	$0.23	20.74	$379.77
$365.00	$362.50	Jul 24	$0.15	$2.35	$0.15	15.67	$364.85

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 284 found (best R:R 99.00, avg 2.37)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$350.00	$360.00	Jul 17	$9.90	$9.90	$0.10	99.00	$359.90
$385.00	$390.00	Jul 17	$4.90	$4.90	$0.10	49.00	$389.90
$345.00	$350.00	Jul 17	$4.75	$4.75	$0.25	19.00	$349.75
$410.00	$415.00	Jul 17	$4.70	$4.70	$0.30	15.67	$414.70
$360.00	$370.00	Jul 17	$9.25	$9.25	$0.75	12.33	$369.25

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$460.00	$457.50	Jul 17	$2.40	$2.40	$0.10	24.00	$457.60
$490.00	$485.00	Jul 17	$4.80	$4.80	$0.20	24.00	$485.20
$500.00	$495.00	Jul 24	$4.75	$4.75	$0.25	19.00	$495.25
$455.00	$450.00	Aug 7	$4.70	$4.70	$0.30	15.67	$450.30
$480.00	$475.00	Jul 17	$4.55	$4.55	$0.45	10.11	$475.45

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 82 found (avg debit $7.70, cheapest $2.14)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$345.00	Jul 17	Jul 24	$2.85	201.4%	100.0%
$350.00	Jul 17	Jul 24	$3.15	139.4%	97.8%
$505.00	Jul 17	Jul 24	$3.35	113.5%	94.4%
$497.50	Jul 17	Jul 24	$3.68	164.5%	104.9%
$495.00	Jul 17	Jul 24	$3.87	104.3%	91.0%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$337.50	Jul 17	Jul 24	$2.14	143.7%	102.7%
$352.50	Jul 17	Jul 24	$2.22	176.3%	101.9%
$355.00	Jul 24	Jul 31	$2.37	99.8%	87.0%
$350.00	Jul 17	Jul 24	$2.78	139.4%	97.8%
$500.00	Jul 17	Jul 24	$2.85	112.6%	96.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 112 found (cheapest 6.25% of stock, avg 15.68%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$415.00	Jul 17	$16.55	$9.75	$26.30	$388.70	$441.30	6.25%
$420.00	Jul 17	$14.40	$12.05	$26.45	$393.55	$446.45	6.28%
$422.50	Jul 17	$12.75	$14.05	$26.80	$395.70	$449.30	6.37%
$417.50	Jul 17	$16.15	$11.10	$27.25	$390.25	$444.75	6.47%
$427.50	Jul 17	$11.00	$16.40	$27.40	$400.10	$454.90	6.51%
$425.00	Jul 17	$12.40	$15.35	$27.75	$397.25	$452.75	6.59%
$435.00	Jul 17	$6.95	$21.00	$27.95	$407.05	$462.95	6.64%
$430.00	Jul 17	$10.45	$17.85	$28.30	$401.70	$458.30	6.72%
$410.00	Jul 17	$21.25	$7.55	$28.80	$381.20	$438.80	6.84%
$437.50	Jul 17	$7.40	$22.65	$30.05	$407.45	$467.55	7.14%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 160 found (cheapest 3.74% of stock, avg 12.45%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$435.00	$412.50	Jul 17	$6.95	$8.80	$15.75	$396.75	$450.75
$435.00	$415.00	Jul 17	$6.95	$9.75	$16.70	$398.30	$451.70
$435.00	$417.50	Jul 17	$6.95	$11.10	$18.05	$399.45	$453.05
$432.50	$412.50	Jul 17	$9.55	$8.80	$18.35	$394.15	$450.85
$435.00	$420.00	Jul 17	$6.95	$12.05	$19.00	$401.00	$454.00
$430.00	$412.50	Jul 17	$10.45	$8.80	$19.25	$393.25	$449.25
$432.50	$415.00	Jul 17	$9.55	$9.75	$19.30	$395.70	$451.80
$427.50	$412.50	Jul 17	$11.00	$8.80	$19.80	$392.70	$447.30
$430.00	$415.00	Jul 17	$10.45	$9.75	$20.20	$394.80	$450.20
$432.50	$417.50	Jul 17	$9.55	$11.10	$20.65	$396.85	$453.15

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 342 found (best R:R 65.67, avg credit $7.31)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
410/420	430/440	Aug 21	$9.85	$0.15	65.67	$410.15	$439.85
370/375	430/435	Aug 7	$4.90	$0.10	49.00	$370.10	$434.90
340/342	400/405	Jul 24	$4.88	$0.12	40.67	$337.62	$404.88
370/380	400/410	Aug 21	$9.75	$0.25	39.00	$370.25	$409.75
380/385	390/400	Jul 31	$9.70	$0.30	32.33	$375.30	$399.70
365/370	430/435	Jul 31	$4.80	$0.20	24.00	$365.20	$434.80
340/345	360/370	Aug 7	$9.60	$0.40	24.00	$335.40	$369.60
360/362	400/405	Jul 24	$4.75	$0.25	19.00	$357.75	$404.75
368/370	380/385	Jul 24	$4.75	$0.25	19.00	$365.25	$384.75
370/372	390/392	Jul 17	$2.37	$0.13	18.23	$370.13	$392.37

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 100 found (best R:R 199.00, cheapest $0.05)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$470.00	$475.00	$480.00	Jul 31	$0.10	$4.90	49.00
$420.00	$430.00	$440.00	Aug 21	$0.35	$9.65	27.57
$417.50	$420.00	$422.50	Jul 17	$0.10	$2.40	24.00
$472.50	$475.00	$477.50	Jul 17	$0.13	$2.37	18.23
$470.00	$480.00	$490.00	Aug 21	$0.55	$9.45	17.18

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$350.00	$360.00	$370.00	Aug 21	$0.05	$9.95	199.00
$380.00	$390.00	$400.00	Aug 21	$0.20	$9.80	49.00
$380.00	$390.00	$400.00	Aug 7	$0.25	$9.75	39.00
$360.00	$365.00	$370.00	Jul 31	$0.15	$4.85	32.33
$390.00	$395.00	$400.00	Jul 31	$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. 51 found (best net $-1.00, 46 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$370.00	$430.00	1:2	Aug 7	-$1.00	$59.00
$480.00	$500.00	1:2	Aug 7	-$8.80	$11.20
$455.00	$475.00	1:2	Aug 14	-$15.30	$4.70
$490.00	$500.00	1:2	Jul 31	-$6.90	$3.10
$502.50	$505.00	1:2	Jul 17	-$0.05	$2.45

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$350.00	$340.00	1:2	Jul 17	-$0.19	$9.81
$380.00	$375.00	1:2	Jul 17	-$1.42	$3.58
$395.00	$390.00	1:2	Jul 17	-$2.15	$2.85
$350.00	$345.00	1:2	Jul 24	-$2.61	$2.39
$340.00	$337.50	1:2	Jul 17	-$0.18	$2.32

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 89 found (best yield 10.62%, avg 3.12%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$430.00	Aug 28	$44.70	0.54	2.2%	10.62%	12.80%	5	--
$430.00	Aug 21	$41.40	0.53	2.2%	9.84%	12.01%	15	38
$440.00	Aug 21	$36.90	0.50	4.5%	8.77%	13.32%	8	215
$450.00	Aug 28	$36.00	0.48	6.9%	8.55%	15.48%	2	1
$450.00	Aug 21	$33.30	0.47	6.9%	7.91%	14.84%	3	79
$460.00	Aug 28	$33.00	0.45	9.3%	7.84%	17.14%	8	12
$430.00	Aug 7	$31.40	0.51	2.2%	7.46%	9.64%	--	20
$460.00	Aug 21	$29.90	0.43	9.3%	7.10%	16.41%	2	29
$435.00	Aug 7	$29.40	0.49	3.4%	6.99%	10.35%	--	22
$470.00	Aug 21	$26.70	0.41	11.7%	6.34%	18.02%	2	258

Current 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Prior's 5-Minute Volume Snapshots

Time (HH:MM)	Total Volume	Call Volume	Put Volume	Volume Change
Loading data...

Current Put/Call Breakdown

Total Calls 6,543

Total Puts 12,669

Put/Call Ratio 1.94

Net Difference -6,126

Prior's Put/Call Breakdown

Total Calls 1,898

Total Puts 6,307

Put/Call Ratio 3.32

Net Difference -4,409

Prior 7-Day Put/Call Summary

Total Calls 33,627

Total Puts 31,577

Average Put/Call Ratio 0.97

Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date	Calls	Puts	Ratio	Net Diff
Loading data...

Upcoming Earnings - 2 Weeks Prior

Loading earnings data...

Upcoming Earnings - 1 Week Prior

Loading earnings data...

Earnings This Week

Loading earnings data...

Earnings - Day Before / Day After

Loading earnings data...

Options Activity Around Earnings

Ticker	Earnings Date	Days Away	Call Volume	Put Volume	IV Rank
Loading data...

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

Add Card