CIEN - Options Database

CIEN

CIENA CORP

$388.66 -7.12%

(7/15 18:06) ◀

Thursday, July 16, 2026 (3:05pm)

▶ (7/16 18:01)

◀ 7/16 15:06 ▶

Option Volume

Detail

ℹ

Current (07/16 3:05pm) 14,719

Calls: 6,709 (46%)

Puts: 8,010 (54%)

Prior (07/15) 19,212

Calls: 6,543 (34%)

Puts: 12,669 (66%)

Current vs Prior -23.39%

Calls: +2.54% (Calls)

Puts: -36.77% (Puts)

Prior 7-Day Total 67,158

Calls: 31,348 (47%)

Puts: 35,810 (53%)

Prior 7-Day Average 9,594

Calls: 4,478 (47%)

Puts: 5,115 (53%)

Current vs Prior 7-Day Avg +53.42%

Calls: +49.81%

Puts: +56.58%

Sentiment BEARISH

Dollar Volume

Detail

ℹ

Current (07/16 3:05pm) $46.10M

Calls: $14.81M (32%)

Puts: $31.29M (68%)

Prior (07/15) $20.17M

Calls: $11.02M (55%)

Puts: $9.15M (45%)

Current vs Prior +128.60%

Calls: +34.45%

Puts: +241.97%

Prior 7-Day Total $124.79M

Calls: $56.49M (45%)

Puts: $68.31M (55%)

Prior 7-Day Average $17.83M

Calls: $8.07M (45%)

Puts: $9.76M (55%)

Current vs Prior 7-Day Avg +158.61%

Calls: +83.57%

Puts: +220.67%

Sentiment BEARISH

Put/Call Ratio

Detail

ℹ

Current (07/16 3:05pm) 1.19

Prior (07/15) 1.94

Current vs Prior -38.34%

Prior 7-Day Average 1.38

Current vs Prior 7-Day Avg -13.17%

Sentiment BEARISH

Open Interest

Detail

ℹ

Current (07/16 3:05pm) 116,137

Calls: 54,907 (47%)

Puts: 61,230 (53%)

Prior (07/15) 106,230

Calls: 51,239 (48%)

Puts: 54,991 (52%)

Current vs Prior +9.33%

Prior 7-Day Total 694,910

Calls: 345,389 (50%)

Puts: 349,521 (50%)

Prior 7-Day Average 99,272

Calls: 49,341 (50%)

Puts: 49,931 (50%)

Current vs Prior 7-Day Avg +16.99%

Sentiment BULLISH

Expected Move

Detail

ℹ

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

Current 5.35% | 11.53%5.35% | 23.31%

Prior 7.31% | 12.54%7.31% | 23.53%

Current vs Prior -26.79% | -8.09%-26.79% | -0.93%

Prior 7-Day Avg 6.09% | 11.84%9.92% | 24.42%

Current vs 7-Day Avg -12.17% | -2.65%-46.05% | -4.52%

Prior 7-Day Eod 7.31% | 12.54%6.58% | 22.79%

Current vs 7-Day Eod -26.79% | -8.09%-18.71% | +2.30%

Sentiment BULLISHBULLISH

Relative Spread

Detail

ℹ

Expiry | Next

Current 34.39% | 25.45%

Calls: 48.89% | 25.22%

Puts: 19.90% | 25.69%

Prior 23.66% | 12.42%

Calls: 18.18% | 13.56%

Puts: 29.14% | 11.28%

Current vs Prior +45.35% | +104.91%

Prior 7-Day Avg 58.01% | 16.82%

Calls: 47.01% | 19.30%

Puts: 69.01% | 14.33%

Current vs 7-Day Avg -40.71% | +51.32%

Liquidity Expensive

Add Card

🤖 AI Insights

Moderately bearish flow with 68% put dollar volume ($31.29M). Massive premium surge with dollar volume up 129% vs prior. Dollar volume significantly above 7-day average (159% higher). Slightly bearish P/C ratio of 1.19.

Smart Money BEARISH

Retail Flow BEARISH

Overall BEARISH

Dollar Volume

Option Volume

Put/Call Ratio

Open Interest

Expected Move

Current BEARISH

Prior BULLISH

7-Day Avg BEARISH

Current NEUTRAL

Prior BEARISH

7-Day Avg NEUTRAL

Current NEUTRAL

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 46 of results (avg 7.9%, best 4.3%)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$350.00	Aug 21	61.80	65.30	$63.55	5.5%	130	0.70	219
$390.00	Aug 21	41.50	44.20	$42.85	6.3%	17	0.55	10
$370.00	Aug 21	50.30	54.00	$52.15	7.1%	129	0.62	215
$360.00	Aug 21	55.60	60.00	$57.80	7.6%	3	0.66	9
$400.00	Aug 21	36.00	39.00	$37.50	8.0%	4	0.51	9

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$410.00	Aug 21	52.60	54.90	$53.75	4.3%	4	0.52	75
$360.00	Aug 21	26.90	28.10	$27.50	4.4%	50	0.34	68
$400.00	Aug 21	46.60	48.70	$47.65	4.4%	238	0.49	163
$440.00	Aug 21	72.20	76.10	$74.15	5.3%	12	0.62	206
$450.00	Aug 21	78.30	83.20	$80.75	6.1%	22	0.65	1.1K

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. 139 found (avg delta 0.71, highest 1.00)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$320.00	Jul 17	64.40	72.00	$68.20	11.1%	--	0.99	22
$330.00	Jul 17	54.80	62.00	$58.40	12.3%	2	0.98	75
$340.00	Jul 17	45.00	52.00	$48.50	14.4%	--	0.98	17
$332.50	Jul 17	52.40	60.00	$56.20	13.5%	1	0.98	--
$350.00	Jul 17	35.00	43.00	$39.00	20.5%	1	0.95	54

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$440.00	Jul 17	48.00	56.00	$52.00	15.4%	27	1.00	1.2K
$450.00	Jul 17	58.00	65.00	$61.50	11.4%	55	1.00	324
$455.00	Jul 17	63.00	70.60	$66.80	11.4%	3	1.00	28
$460.00	Jul 17	68.00	75.60	$71.80	10.6%	7	1.00	146
$435.00	Jul 17	43.00	51.00	$47.00	17.0%	10	0.98	27

Most actively traded options today. High liquidity = easy entry/exit. 259 active (total vol 7.8K, top 963)

CALLS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$430.00	Jul 17	0.15	1.70	$0.93	166.7%	963	0.08	663
$410.00	Jul 24	11.20	13.70	$12.45	20.1%	650	0.37	12
$420.00	Jul 17	0.55	2.40	$1.48	125.0%	218	0.13	38
$432.50	Jul 17	0.10	1.10	$0.60	166.7%	166	0.06	18
$350.00	Aug 21	61.80	65.30	$63.55	5.5%	130	0.70	219

PUTS (5)

Strike	Expiry	Bid	Ask	Mark	Spread	Vol	Delta	OI
$390.00	Jul 17	8.60	10.50	$9.55	19.9%	738	0.48	892
$347.50	Jul 24	6.00	11.80	$8.90	65.2%	644	0.22	9
$400.00	Aug 21	46.60	48.70	$47.65	4.4%	238	0.49	163
$370.00	Aug 7	23.40	26.30	$24.85	11.7%	235	0.37	29
$380.00	Aug 21	36.00	38.70	$37.35	7.2%	212	0.41	52

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 41.0%, max 111.9%)

CALLS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$465.00	Jul 17	Aug 14	189.0%	89.2%	111.9%	20	58
$445.00	Jul 17	Aug 14	177.4%	88.1%	101.4%	3	41
$452.50	Jul 17	Jul 24	217.0%	108.8%	99.5%	1	65
$320.00	Jul 17	Aug 28	175.5%	91.6%	91.6%	2	22
$330.00	Jul 17	Aug 21	159.4%	88.8%	79.4%	4	75

PUTS (5)

Strike	Near Exp	Far Exp	Near IV	Far IV	Back%	Vol	OI
$465.00	Jul 17	Aug 7	189.0%	94.4%	100.1%	6	22
$337.50	Jul 17	Jul 24	202.2%	103.0%	96.3%	25	59
$320.00	Jul 17	Aug 28	175.5%	91.6%	91.6%	17	121
$445.00	Jul 17	Aug 7	177.4%	93.9%	89.0%	1	77
$330.00	Jul 17	Aug 28	159.4%	94.1%	69.3%	22	228

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 206 found (best R:R 40.67, avg 2.96)

BULL CALL (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$460.00	$465.00	Jul 24	$0.32	$4.68	$0.32	14.62	$460.32
$422.50	$425.00	Jul 17	$0.18	$2.32	$0.18	12.89	$422.68
$405.00	$407.50	Jul 17	$0.20	$2.30	$0.20	11.50	$405.20
$427.50	$430.00	Jul 17	$0.20	$2.30	$0.20	11.50	$427.70
$445.00	$450.00	Aug 14	$0.45	$4.55	$0.45	10.11	$445.45

BEAR PUT (5)

Buy	Sell	Expiry	Debit	Max Gain	Max Loss	R:R	BE
$355.00	$350.00	Jul 17	$0.12	$4.88	$0.12	40.67	$354.88
$350.00	$340.00	Jul 17	$0.43	$9.57	$0.43	22.26	$349.57
$337.50	$335.00	Jul 24	$0.15	$2.35	$0.15	15.67	$337.35
$345.00	$342.50	Jul 24	$0.15	$2.35	$0.15	15.67	$344.85
$355.00	$350.00	Jul 31	$0.30	$4.70	$0.30	15.67	$354.70

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 276 found (best R:R 49.00, avg 2.21)

BEAR CALL (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$320.00	$330.00	Jul 17	$9.80	$9.80	$0.20	49.00	$329.80
$387.50	$390.00	Jul 24	$2.40	$2.40	$0.10	24.00	$389.90
$340.00	$350.00	Jul 17	$9.50	$9.50	$0.50	19.00	$349.50
$327.50	$330.00	Jul 24	$2.30	$2.30	$0.20	11.50	$329.80
$417.50	$420.00	Jul 24	$2.30	$2.30	$0.20	11.50	$419.80

BULL PUT (5)

Sell	Buy	Expiry	Credit	Max Gain	Max Loss	R:R	BE
$460.00	$455.00	Jul 24	$4.85	$4.85	$0.15	32.33	$455.15
$452.50	$450.00	Jul 17	$2.40	$2.40	$0.10	24.00	$450.10
$442.50	$440.00	Jul 17	$2.35	$2.35	$0.15	15.67	$440.15
$417.50	$415.00	Jul 17	$2.25	$2.25	$0.25	9.00	$415.25
$422.50	$420.00	Jul 17	$2.20	$2.20	$0.30	7.33	$420.30

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 78 found (avg debit $8.16, cheapest $2.00)

CALLS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$445.00	Jul 17	Jul 24	$2.90	177.4%	88.1%
$452.50	Jul 17	Jul 24	$3.85	217.0%	108.8%
$320.00	Jul 17	Jul 24	$3.90	175.5%	109.5%
$455.00	Jul 17	Jul 24	$4.17	138.1%	98.7%
$450.00	Jul 17	Jul 24	$4.57	129.7%	96.9%

PUTS (5)

Strike	Near Exp	Far Exp	Net Debit	Near IV	Far IV
$315.00	Jul 24	Jul 31	$2.00	111.3%	95.4%
$460.00	Jul 17	Jul 24	$2.75	138.2%	114.2%
$455.00	Jul 17	Jul 24	$2.90	138.1%	98.7%
$335.00	Jul 24	Jul 31	$2.90	105.5%	91.6%
$320.00	Jul 17	Jul 24	$3.05	175.5%	109.5%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 119 found (cheapest 5.07% of stock, avg 15.69%)

Strike	Expiry	Call$	Put$	Total	BE Low	BE High	Cost%
$390.00	Jul 17	$10.15	$9.55	$19.70	$370.30	$409.70	5.07%
$392.50	Jul 17	$8.90	$11.15	$20.05	$372.45	$412.55	5.16%
$395.00	Jul 17	$8.10	$12.30	$20.40	$374.60	$415.40	5.25%
$385.00	Jul 17	$13.00	$7.50	$20.50	$364.50	$405.50	5.27%
$397.50	Jul 17	$6.65	$13.85	$20.50	$377.00	$418.00	5.27%
$380.00	Jul 17	$15.20	$5.85	$21.05	$358.95	$401.05	5.42%
$400.00	Jul 17	$5.50	$16.85	$22.35	$377.65	$422.35	5.75%
$402.50	Jul 17	$5.10	$17.70	$22.80	$379.70	$425.30	5.87%
$405.00	Jul 17	$4.35	$19.25	$23.60	$381.40	$428.60	6.07%
$370.00	Jul 17	$21.70	$2.80	$24.50	$345.50	$394.50	6.30%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 155 found (cheapest 2.82% of stock, avg 12.12%)

Call K	Put K	Expiry	Call$	Put$	Total	BE Low	BE High
$402.50	$380.00	Jul 17	$5.10	$5.85	$10.95	$369.05	$413.45
$400.00	$380.00	Jul 17	$5.50	$5.85	$11.35	$368.65	$411.35
$402.50	$382.50	Jul 17	$5.10	$6.55	$11.65	$370.85	$414.15
$400.00	$382.50	Jul 17	$5.50	$6.55	$12.05	$370.45	$412.05
$397.50	$380.00	Jul 17	$6.65	$5.85	$12.50	$367.50	$410.00
$402.50	$385.00	Jul 17	$5.10	$7.50	$12.60	$372.40	$415.10
$400.00	$385.00	Jul 17	$5.50	$7.50	$13.00	$372.00	$413.00
$397.50	$382.50	Jul 17	$6.65	$6.55	$13.20	$369.30	$410.70
$402.50	$387.50	Jul 17	$5.10	$8.55	$13.65	$373.85	$416.15
$395.00	$380.00	Jul 17	$8.10	$5.85	$13.95	$366.05	$408.95

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 316 found (best R:R 75.92, avg credit $6.57)

Put Spread	Call Spread	Expiry	Credit	Max Loss	R:R	BE Low	BE High
330/338	360/370	Jul 17	$9.87	$0.13	75.92	$327.63	$369.87
375/380	385/390	Jul 17	$4.90	$0.10	49.00	$375.10	$389.90
370/375	440/445	Aug 14	$4.90	$0.10	49.00	$370.10	$444.90
345/350	390/395	Jul 31	$4.85	$0.15	32.33	$345.15	$394.85
340/345	365/370	Aug 28	$4.85	$0.15	32.33	$340.15	$369.85
318/320	332/340	Jul 24	$7.25	$0.25	29.00	$312.75	$339.75
328/330	352/358	Jul 24	$4.83	$0.17	28.41	$325.17	$357.33
338/340	352/358	Jul 24	$4.80	$0.20	24.00	$335.20	$357.30
345/350	360/365	Aug 28	$4.80	$0.20	24.00	$345.20	$364.80
345/350	410/415	Jul 31	$4.70	$0.30	15.67	$345.30	$414.70

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 135 found (best R:R 99.00, cheapest $0.07)

CALLS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$350.00	$360.00	$370.00	Aug 21	$0.10	$9.90	99.00
$420.00	$430.00	$440.00	Aug 21	$0.10	$9.90	99.00
$350.00	$360.00	$370.00	Jul 17	$0.20	$9.80	49.00
$420.00	$422.50	$425.00	Jul 17	$0.07	$2.43	34.71
$327.50	$330.00	$332.50	Jul 24	$0.10	$2.40	24.00

PUTS (5)

Low	Mid	High	Expiry	Debit	Max Gain	R:R
$430.00	$440.00	$450.00	Aug 21	$0.15	$9.85	65.67
$350.00	$355.00	$360.00	Aug 7	$0.10	$4.90	49.00
$445.00	$450.00	$455.00	Aug 7	$0.10	$4.90	49.00
$450.00	$455.00	$460.00	Jul 31	$0.15	$4.85	32.33
$360.00	$365.00	$370.00	Aug 7	$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. 47 found (best net $-1.70, 40 credits)

CALLS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$345.00	$390.00	1:2	Jul 31	-$1.70	$43.30
$400.00	$450.00	1:2	Aug 28	-$11.35	$38.65
$390.00	$430.00	1:2	Aug 7	-$4.30	$35.70
$360.00	$390.00	1:2	Aug 7	-$19.15	$10.85
$435.00	$450.00	1:2	Aug 7	-$9.65	$5.35

PUTS (5)

Buy K	Sell K	Ratio	Expiry	Net	Max Gain
$330.00	$320.00	1:2	Jul 17	-$0.12	$9.88
$325.00	$315.00	1:2	Aug 14	-$4.65	$5.35
$365.00	$360.00	1:2	Jul 17	-$0.41	$4.59
$355.00	$350.00	1:2	Jul 17	-$0.56	$4.44
$380.00	$375.00	1:2	Jul 17	-$1.75	$3.25

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 81 found (best yield 10.68%, avg 3.14%)

Strike	Expiry	Bid	Delta	OTM%	Yield%	If Called%	Vol	OI
$390.00	Aug 21	$41.50	0.55	0.3%	10.68%	11.02%	17	10
$400.00	Aug 28	$39.70	0.53	2.9%	10.21%	13.13%	1	1
$400.00	Aug 21	$36.00	0.51	2.9%	9.26%	12.18%	4	9
$410.00	Aug 21	$32.60	0.48	5.5%	8.39%	13.88%	4	378
$390.00	Aug 7	$31.80	0.54	0.3%	8.18%	8.53%	5	1
$405.00	Aug 14	$30.00	0.49	4.2%	7.72%	11.92%	8	--
$420.00	Aug 21	$28.80	0.44	8.1%	7.41%	15.47%	--	24
$410.00	Aug 14	$28.10	0.47	5.5%	7.23%	12.72%	2	1
$390.00	Jul 31	$26.30	0.53	0.3%	6.77%	7.11%	2	11
$430.00	Aug 21	$25.90	0.41	10.6%	6.66%	17.30%	--	49

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 6,709

Total Puts 8,010

Put/Call Ratio 1.19

Net Difference -1,301

Prior's Put/Call Breakdown

Total Calls 6,543

Total Puts 12,669

Put/Call Ratio 1.94

Net Difference -6,126

Prior 7-Day Put/Call Summary

Total Calls 31,348

Total Puts 35,810

Average Put/Call Ratio 1.38

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