Tour v505
VIAV
VIAVI SOLUTIONS INC
$43.11 +12.27%
$43.20 (+0.21%)🌙
as of 08/12 06:10 PM
(8/12 15:07) ◀
|
Wednesday, August 12, 2026 (6:10pm)
January 2026
|
▶ (8/13 15:08)
◀ 8/12 18:10 ▶

Option Volume

Detail
ℹ
Current (08/12) 3,183
Calls: 2,734 (86%)
Puts: 449 (14%)
Prior (08/11) 4,122
Calls: 3,276 (79%)
Puts: 846 (21%)
Current vs Prior -22.78%
Calls: -16.54% (Calls)
Puts: -46.93% (Puts)
Prior 7-Day Total 43,759
Calls: 37,805 (86%)
Puts: 5,954 (14%)
Prior 7-Day Average 6,251
Calls: 5,400 (86%)
Puts: 850 (14%)
Current vs Prior 7-Day Avg -49.08%
Calls: -49.38%
Puts: -47.21%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (08/12) $1.16M
Calls: $1.09M (94%)
Puts: $66.6K (6%)
Prior (08/11) $2.37M
Calls: $2.17M (92%)
Puts: $196.6K (8%)
Current vs Prior -51.03%
Calls: -49.66%
Puts: -66.14%
Prior 7-Day Total $14.13M
Calls: $12.11M (86%)
Puts: $2.03M (14%)
Prior 7-Day Average $2.02M
Calls: $1.73M (86%)
Puts: $289.8K (14%)
Current vs Prior 7-Day Avg -42.60%
Calls: -36.83%
Puts: -77.03%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (08/12) 0.16
Prior (08/11) 0.26
Current vs Prior -36.41%
Prior 7-Day Average 0.21
Current vs Prior 7-Day Avg -20.16%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (08/12) 72,321
Calls: 58,809 (81%)
Puts: 13,512 (19%)
Prior (08/11) 50,065
Calls: 37,210 (74%)
Puts: 12,855 (26%)
Current vs Prior +44.45%
Prior 7-Day Total 573,454
Calls: 408,730 (71%)
Puts: 164,724 (29%)
Prior 7-Day Average 81,922
Calls: 58,390 (71%)
Puts: 23,532 (29%)
Current vs Prior 7-Day Avg -11.72%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (08/21) | Next (09/18)Expiry (08/21) | Next (09/18)
Current 11.71% | 21.34%11.71% | 21.34%
Prior 12.45% | 22.92%12.45% | 22.92%
Current vs Prior -5.89% | -6.88%-5.89% | -6.88%
Prior 7-Day Avg 18.25% | 27.01%18.25% | 27.01%
Current vs 7-Day Avg -35.83% | -20.98%-35.83% | -20.98%
Prior 7-Day Eod 12.45% | 22.92%12.45% | 22.92%
Current vs 7-Day Eod -5.89% | -6.88%-5.89% | -6.88%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 22.28% | 7.48%
Calls: 10.08% | 8.51%
Puts: 34.48% | 6.45%
Prior 13.49% | 14.90%
Calls: 16.48% | 13.33%
Puts: 10.50% | 16.47%
Current vs Prior +65.16% | -49.80%
Prior 7-Day Avg 12.84% | 11.39%
Calls: 14.38% | 10.32%
Puts: 11.30% | 12.47%
Current vs 7-Day Avg +73.52% | -34.33%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 94% of dollar volume in calls ($1.09M) vs puts ($66.6K). Light premium activity with dollar volume down 51% vs prior. Extreme bullish P/C ratio of 0.16 - heavy call buying (2,734 calls vs 449 puts). P/C ratio dropping 36% - sentiment shifting bullish.

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 BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
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 2 of results (avg 7.5%, best 7.4%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 213.904.20$4.057.4%1890.741.2K
$39.00Sep 186.306.80$6.557.6%10.70437
PUTS (0)
No puts meet the criteria

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. 19 found (avg delta 0.70, highest 0.94)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Aug 217.208.70$7.9518.9%10.9449
$36.00Aug 215.908.00$6.9530.2%10.9215
$37.00Aug 215.107.00$6.0531.4%30.8752
$38.00Aug 214.706.20$5.4527.5%10.84--
$36.00Sep 187.908.90$8.4011.9%20.80338
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$48.00Aug 214.806.20$5.5025.5%10.784
$47.00Sep 186.207.20$6.7014.9%10.58483
$45.00Sep 185.005.70$5.3513.1%40.51309

Most actively traded options today. High liquidity = easy entry/exit. 49 active (total vol 1.9K, top 281)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$43.00Aug 211.852.45$2.1527.9%2810.52348
$43.00Sep 184.104.90$4.5017.8%2450.56309
$45.00Aug 211.401.65$1.5316.3%2010.392.3K
$40.00Aug 213.904.20$4.057.4%1890.741.2K
$50.00Aug 210.400.55$0.4831.3%1770.163.4K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Aug 210.100.20$0.1566.7%910.061.5K
$43.00Aug 211.802.50$2.1532.6%460.48--
$36.00Sep 181.251.55$1.4021.4%390.20411
$35.00Sep 181.001.30$1.1526.1%380.171.3K
$40.00Aug 210.751.15$0.9542.1%190.27450

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 16 strikes (avg 5.9%, max 12.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$47.00Aug 21Sep 1892.2%81.7%12.8%30180
$49.00Aug 21Sep 1891.0%81.1%12.2%171.4K
$46.00Aug 21Sep 1889.4%80.1%11.7%60195
$50.00Aug 21Sep 1890.6%82.2%10.2%3325.6K
$45.00Aug 21Sep 1887.8%80.6%8.9%2683.0K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$42.00Aug 21Sep 1883.0%79.2%4.8%6193
$38.00Aug 21Sep 1885.6%81.8%4.6%6715
$39.00Aug 21Sep 1883.0%80.7%2.8%91.1K
$43.00Aug 21Sep 1879.6%77.8%2.2%491.3K
$40.00Aug 21Sep 1881.6%79.9%2.1%321.2K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 36 found (best R:R 0.62, avg 2.33)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$36.00$39.00Sep 18$1.85$1.15$1.8580%0.62$37.85
$40.00$41.00Sep 18$0.30$0.70$0.3067%2.33$40.30
$39.00$40.00Aug 21$0.50$0.50$0.5080%1.00$39.50
$37.00$38.00Aug 21$0.60$0.40$0.6087%0.67$37.60
$44.00$45.00Sep 18$0.30$0.70$0.3052%2.33$44.30
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$41.00$40.00Aug 21$0.15$0.85$0.1532%5.67$40.85
$43.00$42.00Aug 21$0.40$0.60$0.4048%1.50$42.60
$39.00$38.00Aug 21$0.17$0.83$0.1721%4.88$38.83
$42.00$41.00Sep 18$0.40$0.60$0.4041%1.50$41.60
$43.00$42.00Sep 18$0.45$0.55$0.4544%1.22$42.55

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 25 found (best R:R 1.86, avg 0.50)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$47.00$48.00Aug 21$0.37$0.37$0.6371%0.59$47.37
$49.00$50.00Aug 21$0.15$0.15$0.8580%0.18$49.15
$45.00$46.00Sep 18$0.40$0.40$0.6051%0.67$45.40
$48.00$49.00Sep 18$0.30$0.30$0.7061%0.43$48.30
$45.00$46.00Aug 21$0.28$0.28$0.7261%0.39$45.28
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$42.00$41.00Aug 21$0.65$0.65$0.3560%1.86$41.35
$38.00$36.00Sep 18$0.70$0.70$1.3073%0.54$37.30
$41.00$40.00Sep 18$0.50$0.50$0.5063%1.00$40.50
$37.00$36.00Aug 21$0.20$0.20$0.8087%0.25$36.80
$36.00$35.00Sep 18$0.25$0.25$0.7580%0.33$35.75

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 9 found (avg debit $2.13, cheapest $2.00)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$46.00Aug 21Sep 18$2.0089.4%80.1%
$45.00Aug 21Sep 18$2.1287.8%80.6%
$44.00Aug 21Sep 18$2.1783.2%78.7%
$42.00Aug 21Sep 18$2.1783.0%79.2%
$43.00Aug 21Sep 18$2.3579.6%77.8%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$42.00Aug 21Sep 18$1.9583.0%79.2%
$43.00Aug 21Sep 18$2.0079.6%77.8%
$41.00Aug 21Sep 18$2.2073.6%80.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 12 found (cheapest 9.97% of stock, avg 16.70%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$43.00Aug 21$2.15$2.15$4.30$38.70$47.309.97%
$42.00Aug 21$2.78$1.75$4.53$37.47$46.5310.51%
$41.00Aug 21$3.45$1.10$4.55$36.45$45.5510.55%
$40.00Aug 21$4.05$0.95$5.00$35.00$45.0011.60%
$39.00Aug 21$4.55$0.70$5.25$33.75$44.2512.18%
$42.00Sep 18$4.95$3.70$8.65$33.35$50.6520.06%
$43.00Sep 18$4.50$4.15$8.65$34.35$51.6520.06%
$40.00Sep 18$6.00$2.80$8.80$31.20$48.8020.41%
$39.00Sep 18$6.55$2.42$8.97$30.03$47.9720.81%
$41.00Sep 18$5.70$3.30$9.00$32.00$50.0020.88%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 50 found (cheapest 3.20% of stock, avg 10.27%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$48.00$39.00Aug 21$0.68$0.70$1.38$37.62$49.38
$48.00$40.00Aug 21$0.68$0.95$1.63$38.37$49.63
$47.00$39.00Aug 21$1.05$0.70$1.75$37.25$48.75
$48.00$41.00Aug 21$0.68$1.10$1.78$39.22$49.78
$47.00$40.00Aug 21$1.05$0.95$2.00$38.00$49.00
$47.00$41.00Aug 21$1.05$1.10$2.15$38.85$49.15
$46.00$39.00Aug 21$1.25$0.70$1.95$37.05$47.95
$46.00$40.00Aug 21$1.25$0.95$2.20$37.80$48.20
$46.00$41.00Aug 21$1.25$1.10$2.35$38.65$48.35
$45.00$39.00Aug 21$1.53$0.70$2.23$36.77$47.23

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 15 found (best R:R 1.33, avg credit $0.41)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
36/3747/48Aug 21$0.57$0.4358%1.33$36.43$47.57
35/3647/48Aug 21$0.47$0.5362%0.89$35.53$47.47
39/4047/48Aug 21$0.62$0.3844%1.63$39.38$47.62
38/3947/48Aug 21$0.54$0.4650%1.17$38.46$47.54
36/3749/50Aug 21$0.35$0.6567%0.54$36.65$49.35
35/3649/50Aug 21$0.25$0.7572%0.33$35.75$49.25
39/4049/50Aug 21$0.40$0.6054%0.67$39.60$49.40
36/3746/47Aug 21$0.40$0.6053%0.67$36.60$46.40
38/3949/50Aug 21$0.32$0.6860%0.47$38.68$49.32
40/4147/48Aug 21$0.52$0.4839%1.08$40.48$47.52

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 19 found (best R:R 12.33, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$45.00$46.00$47.00Aug 21$0.08$0.9210%11.50
$43.00$44.00$45.00Aug 21$0.12$0.8813%7.33
$48.00$49.00$50.00Sep 18$0.09$0.916%10.11
$35.00$36.00$37.00Aug 21$0.10$0.907%9.00
$45.00$46.00$47.00Sep 18$0.15$0.856%5.67
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$43.00$45.00$47.00Sep 18$0.15$1.8513%12.33
$38.00$39.00$40.00Aug 21$0.08$0.9210%11.50
$38.00$39.00$40.00Sep 18$0.06$0.947%15.67
$37.00$38.00$39.00Aug 21$0.09$0.917%10.11
$35.00$36.00$37.00Aug 21$0.10$0.908%9.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 13 found (best net $-0.31, 12 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$47.00$48.001:2Aug 21-$0.31$0.69
$49.00$50.001:2Aug 21-$0.33$0.67
$48.00$49.001:2Aug 21-$0.58$0.42
$46.00$47.001:2Aug 21-$0.85$0.15
$45.00$46.001:2Aug 21-$0.97$0.03
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$42.00$41.001:2Aug 21-$0.45$0.55
$39.00$38.001:2Aug 21-$0.36$0.64
$40.00$39.001:2Aug 21-$0.45$0.55
$38.00$37.001:2Aug 21-$0.37$0.63
$38.00$36.001:2Sep 18-$0.70$1.30

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 14 found (best yield 6.26%, avg 4.10%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$47.00Sep 18$2.700.429.0%6.26%15.29%1473
$45.00Sep 18$3.400.494.4%7.89%12.27%67736
$48.00Sep 18$2.350.3911.3%5.45%16.79%23.0K
$49.00Sep 18$2.100.3613.7%4.87%18.53%51.1K
$46.00Sep 18$2.900.456.7%6.73%13.43%1--
$44.00Sep 18$3.700.522.1%8.58%10.65%5129
$50.00Sep 18$1.850.3316.0%4.29%20.27%1552.3K
$45.00Aug 21$1.400.394.4%3.25%7.63%2012.3K
$46.00Aug 21$1.000.346.7%2.32%9.02%59195
$47.00Aug 21$0.750.299.0%1.74%10.76%16107

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 2,734
Total Puts 449
Put/Call Ratio 0.16
Net Difference 2,285

Prior's Put/Call Breakdown

Total Calls 3,276
Total Puts 846
Put/Call Ratio 0.26
Net Difference 2,430

Prior 7-Day Put/Call Summary

Total Calls 37,805
Total Puts 5,954
Average Put/Call Ratio 0.21
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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