Tour v345
CIEN
CIENA CORP
$376.14 -3.26%
7/17 15:06

Option Volume

Detail
Current (07/17 3:05pm) 9,233
Calls: 3,962 (43%)
Puts: 5,271 (57%)
Prior (07/16) 14,719
Calls: 6,709 (46%)
Puts: 8,010 (54%)
Current vs Prior -37.27%
Calls: -40.94% (Calls)
Puts: -34.19% (Puts)
Prior 7-Day Total 72,129
Calls: 29,929 (41%)
Puts: 42,200 (59%)
Prior 7-Day Average 10,304
Calls: 4,275 (41%)
Puts: 6,028 (59%)
Current vs Prior 7-Day Avg -10.40%
Calls: -7.33%
Puts: -12.57%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/17 3:05pm) $21.10M
Calls: $8.22M (39%)
Puts: $12.88M (61%)
Prior (07/16) $46.10M
Calls: $14.81M (32%)
Puts: $31.29M (68%)
Current vs Prior -54.24%
Calls: -44.51%
Puts: -58.84%
Prior 7-Day Total $121.71M
Calls: $58.51M (48%)
Puts: $63.19M (52%)
Prior 7-Day Average $17.39M
Calls: $8.36M (48%)
Puts: $9.03M (52%)
Current vs Prior 7-Day Avg +21.34%
Calls: -1.67%
Puts: +42.66%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (07/17 3:05pm) 1.33
Prior (07/16) 1.19
Current vs Prior +11.43%
Prior 7-Day Average 1.54
Current vs Prior 7-Day Avg -13.56%
Sentiment BEARISH

Open Interest

Detail
Current (07/17 3:05pm) 119,885
Calls: 57,885 (48%)
Puts: 62,000 (52%)
Prior (07/16) 116,137
Calls: 54,907 (47%)
Puts: 61,230 (53%)
Current vs Prior +3.23%
Prior 7-Day Total 701,618
Calls: 347,439 (50%)
Puts: 354,179 (50%)
Prior 7-Day Average 100,231
Calls: 49,634 (50%)
Puts: 50,597 (50%)
Current vs Prior 7-Day Avg +19.61%
Sentiment BULLISH

Expected Move

Detail
Expiry (07/17) | Next (07/24)Expiry (07/17) | Next (08/21)
Current 2.49% | 10.93%2.49% | 23.37%
Prior 6.76% | 11.20%6.76% | 23.36%
Current vs Prior -63.11% | -2.47%-63.11% | +0.05%
Prior 7-Day Avg 6.78% | 11.92%9.92% | 24.42%
Current vs 7-Day Avg -63.21% | -8.30%-74.86% | -4.29%
Prior 7-Day Eod 6.76% | 11.20%5.39% | 23.26%
Current vs 7-Day Eod -63.11% | -2.47%-53.72% | +0.45%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 157.33% | 13.62%
Calls: 101.45% | 15.01%
Puts: 213.21% | 12.22%
Prior 36.27% | 15.20%
Calls: 30.56% | 10.70%
Puts: 41.99% | 19.69%
Current vs Prior +333.77% | -10.39%
Prior 7-Day Avg 35.89% | 16.45%
Calls: 28.03% | 17.34%
Puts: 43.76% | 15.57%
Current vs 7-Day Avg +338.35% | -17.23%
Liquidity Expensive
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🤖 AI Insights

Moderately bearish flow with 61% put dollar volume ($12.88M). Light premium activity with dollar volume down 54% vs prior. Bearish P/C ratio of 1.33 indicates protective positioning.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BEARISH
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
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 73 of results (avg 7.7%, best 3.7%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$380.00Aug 2139.8042.00$40.905.4%70.5515
$360.00Aug 2148.6051.70$50.156.2%340.627
$350.00Aug 745.8048.90$47.356.5%240.66--
$350.00Aug 2153.5057.20$55.356.7%50.6690
$400.00Aug 2131.5033.70$32.606.7%350.4712
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$400.00Aug 2153.6055.60$54.603.7%50.53401
$380.00Aug 2142.1043.70$42.903.7%140.46251
$430.00Aug 2173.6076.60$75.104.0%210.63115
$370.00Aug 2136.8038.40$37.604.3%240.4265
$390.00Aug 2147.7049.80$48.754.3%390.4949

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. 144 found (avg delta 0.73, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$330.00Jul 1743.2051.00$47.1016.6%31.0075
$340.00Jul 1733.6041.00$37.3019.8%--0.9617
$310.00Jul 1763.9071.00$67.4510.5%30.9360
$350.00Jul 1724.1031.00$27.5525.0%10.9253
$320.00Jul 1754.0061.00$57.5012.2%--0.9222
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$382.50Jul 173.0010.00$6.50107.7%21.0011
$387.50Jul 177.0014.20$10.6067.9%--1.0014
$390.00Jul 1710.1016.60$13.3548.7%1631.00515
$392.50Jul 1711.0019.00$15.0053.3%--1.0017
$395.00Jul 1714.0021.70$17.8543.1%201.0061

Most actively traded options today. High liquidity = easy entry/exit. 279 active (total vol 5.1K, top 468)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$405.00Jul 170.001.20$0.60200.0%2200.0817
$390.00Jul 170.000.80$0.40200.0%1350.1173
$355.00Aug 743.1046.20$44.656.9%820.641
$400.00Jul 170.000.05$0.03166.7%810.01170
$385.00Jul 170.504.30$2.40158.3%800.3423
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$370.00Jul 170.451.25$0.8594.1%4680.17406
$330.00Aug 2119.2021.50$20.3511.3%2990.27164
$327.50Jul 317.0013.90$10.4566.0%2340.21--
$400.00Jul 1721.1025.90$23.5020.4%1861.00561
$390.00Jul 1710.1016.60$13.3548.7%1631.00515

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 80 strikes (avg 417.1%, max 1358.6%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$310.00Jul 17Jul 311377.0%94.4%1358.6%562
$320.00Jul 17Aug 281212.3%90.9%1234.0%323
$445.00Jul 17Aug 141079.3%90.5%1092.4%1242
$432.50Jul 17Jul 31935.8%93.1%905.4%30132
$425.00Jul 17Aug 28845.9%84.5%901.6%18159
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$310.00Jul 17Aug 211377.0%95.1%1347.4%1153
$320.00Jul 17Aug 281212.3%90.9%1234.0%6116
$335.00Jul 17Aug 28967.1%89.4%982.0%5914
$345.00Jul 17Aug 14800.9%86.3%828.0%122
$435.00Jul 17Aug 28782.7%84.9%821.8%126

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 200 found (best R:R 65.67, avg 3.69)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$440.00$450.00Aug 28$0.15$9.85$0.1565.67$440.15
$435.00$440.00Jul 24$0.12$4.88$0.1240.67$435.12
$392.50$395.00Jul 17$0.12$2.38$0.1219.83$392.62
$445.00$450.00Jul 24$0.27$4.73$0.2717.52$445.27
$392.50$395.00Jul 24$0.15$2.35$0.1515.67$392.65
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$315.00$310.00Jul 24$0.12$4.88$0.1240.67$314.88
$355.00$350.00Aug 14$0.15$4.85$0.1532.33$354.85
$325.00$320.00Aug 14$0.20$4.80$0.2024.00$324.80
$340.00$335.00Aug 14$0.25$4.75$0.2519.00$339.75
$330.00$325.00Aug 7$0.35$4.65$0.3513.29$329.65

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 274 found (best R:R 49.00, avg 2.30)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$330.00$340.00Jul 17$9.80$9.80$0.2049.00$339.80
$340.00$350.00Jul 17$9.75$9.75$0.2539.00$349.75
$305.00$310.00Jul 31$4.80$4.80$0.2024.00$309.80
$447.50$450.00Jul 17$2.37$2.37$0.1318.23$449.87
$360.00$365.00Jul 17$4.50$4.50$0.509.00$364.50
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$412.50$410.00Jul 17$2.40$2.40$0.1024.00$410.10
$437.50$435.00Jul 17$2.35$2.35$0.1515.67$435.15
$415.00$412.50Jul 24$2.35$2.35$0.1515.67$412.65
$345.00$342.50Jul 17$2.32$2.32$0.1812.89$342.68
$402.50$400.00Jul 17$2.30$2.30$0.2011.50$400.20

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 80 found (avg debit $9.02, cheapest $1.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$427.50Jul 17Jul 24$2.10876.3%93.0%
$450.00Jul 17Jul 24$2.12543.6%94.0%
$435.00Jul 17Jul 24$2.20782.7%90.9%
$432.50Jul 17Jul 24$2.25935.8%99.4%
$440.00Jul 17Jul 24$2.83658.4%94.8%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$320.00Jul 17Jul 24$1.081212.3%106.4%
$450.00Jul 17Jul 24$2.25543.6%94.2%
$440.00Jul 17Jul 24$2.35657.0%94.8%
$335.00Jul 17Jul 24$3.40967.1%102.3%
$435.00Jul 17Jul 24$3.50782.7%90.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 125 found (cheapest 2.26% of stock, avg 15.81%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$375.00Jul 17$6.50$2.00$8.50$366.50$383.502.26%
$377.50Jul 17$5.88$2.88$8.76$368.74$386.262.33%
$382.50Jul 17$2.28$6.50$8.78$373.72$391.282.33%
$380.00Jul 17$3.95$5.30$9.25$370.75$389.252.46%
$370.00Jul 17$8.60$0.85$9.45$360.55$379.452.51%
$385.00Jul 17$2.40$9.20$11.60$373.40$396.603.08%
$387.50Jul 17$1.05$10.60$11.65$375.85$399.153.10%
$367.50Jul 17$10.60$2.35$12.95$354.55$380.453.44%
$390.00Jul 17$0.40$13.35$13.75$376.25$403.753.66%
$365.00Jul 17$13.10$0.90$14.00$351.00$379.003.72%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 175 found (cheapest 0.72% of stock, avg 12.57%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$387.50$372.50Jul 17$1.05$1.65$2.70$369.80$390.20
$387.50$375.00Jul 17$1.05$2.00$3.05$371.95$390.55
$395.00$372.50Jul 17$1.38$1.65$3.03$369.47$398.03
$392.50$372.50Jul 17$1.50$1.65$3.15$369.35$395.65
$387.50$367.50Jul 17$1.05$2.35$3.40$364.10$390.90
$395.00$375.00Jul 17$1.38$2.00$3.38$371.62$398.38
$387.50$362.50Jul 17$1.05$2.40$3.45$359.05$390.95
$392.50$375.00Jul 17$1.50$2.00$3.50$371.50$396.00
$395.00$367.50Jul 17$1.38$2.35$3.73$363.77$398.73
$395.00$362.50Jul 17$1.38$2.40$3.78$358.72$398.78

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 400 found (best R:R 99.00, avg credit $5.68)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
310/315355/365Jul 31$9.90$0.1099.00$305.10$364.90
310/315395/400Aug 7$4.90$0.1049.00$310.10$399.90
315/320360/365Aug 7$4.90$0.1049.00$315.10$364.90
400/410420/430Aug 21$9.80$0.2049.00$400.20$429.80
330/332372/380Jul 24$7.30$0.2036.50$325.20$379.80
310/315378/385Jul 31$7.30$0.2036.50$307.70$384.80
370/380390/400Aug 21$9.65$0.3527.57$370.35$399.65
330/335365/368Jul 17$4.82$0.1826.78$330.18$369.82
330/332350/360Jul 24$9.60$0.4024.00$322.90$359.60
320/325360/365Aug 7$4.80$0.2024.00$320.20$364.80

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 118 found (best R:R 199.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$330.00$340.00$350.00Jul 17$0.05$9.95199.00
$410.00$420.00$430.00Aug 21$0.10$9.9099.00
$370.00$380.00$390.00Aug 21$0.15$9.8565.67
$415.00$417.50$420.00Jul 24$0.10$2.4024.00
$400.00$410.00$420.00Aug 21$0.40$9.6024.00
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$355.00$360.00$365.00Jul 31$0.05$4.9599.00
$405.00$410.00$415.00Jul 31$0.05$4.9599.00
$390.00$395.00$400.00Jul 31$0.15$4.8532.33
$360.00$370.00$380.00Aug 21$0.30$9.7032.33
$340.00$350.00$360.00Aug 21$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 $-19.95, 48 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$310.00$345.001:2Jul 31-$19.95$15.05
$365.00$400.001:2Aug 28-$20.75$14.25
$410.00$435.001:2Aug 14-$13.55$11.45
$410.00$430.001:2Aug 7-$9.10$10.90
$370.00$395.001:2Aug 7-$15.35$9.65
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$320.00$310.001:2Jul 17-$2.40$7.60
$330.00$320.001:2Jul 17-$4.72$5.28
$355.00$350.001:2Jul 17-$0.51$4.49
$315.00$310.001:2Jul 31-$1.05$3.95
$325.00$320.001:2Jul 24-$2.16$2.84

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 71 found (best yield 10.58%, avg 3.75%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$380.00Aug 21$39.800.551.0%10.58%11.61%715
$390.00Aug 21$35.400.513.7%9.41%13.10%2627
$380.00Aug 14$35.200.541.0%9.36%10.38%21
$400.00Aug 28$34.400.496.3%9.15%15.49%22
$400.00Aug 21$31.500.476.3%8.37%14.72%3512
$390.00Aug 14$30.700.503.7%8.16%11.85%10--
$410.00Aug 28$29.800.469.0%7.92%16.92%2--
$410.00Aug 21$27.900.449.0%7.42%16.42%28378
$377.50Jul 31$26.300.530.4%6.99%7.35%28--
$425.00Aug 28$24.500.4113.0%6.51%19.50%1--

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 3,962
Total Puts 5,271
Put/Call Ratio 1.33
Net Difference -1,309

Prior's Put/Call Breakdown

Total Calls 6,709
Total Puts 8,010
Put/Call Ratio 1.19
Net Difference -1,301

Prior 7-Day Put/Call Summary

Total Calls 29,929
Total Puts 42,200
Average Put/Call Ratio 1.54
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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