Tour v526
VIAV
VIAVI SOLUTIONS INC
$38.74 -6.36%
$39.22 (+1.24%)🌙
as of 08/19 06:06 PM
8/19 18:06

Option Volume

Detail
Current (08/19) 5,942
Calls: 5,207 (88%)
Puts: 735 (12%)
Prior (08/18) 13,297
Calls: 11,523 (87%)
Puts: 1,774 (13%)
Current vs Prior -55.31%
Calls: -54.81% (Calls)
Puts: -58.57% (Puts)
Prior 7-Day Total 76,891
Calls: 68,969 (90%)
Puts: 7,922 (10%)
Prior 7-Day Average 10,984
Calls: 9,852 (90%)
Puts: 1,131 (10%)
Current vs Prior 7-Day Avg -45.91%
Calls: -47.15%
Puts: -35.05%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/19) $1.21M
Calls: $942.6K (78%)
Puts: $267.1K (22%)
Prior (08/18) $2.50M
Calls: $2.04M (82%)
Puts: $453.4K (18%)
Current vs Prior -51.57%
Calls: -53.89%
Puts: -41.08%
Prior 7-Day Total $29.80M
Calls: $27.32M (92%)
Puts: $2.48M (8%)
Prior 7-Day Average $4.26M
Calls: $3.90M (92%)
Puts: $354.4K (8%)
Current vs Prior 7-Day Avg -71.59%
Calls: -75.85%
Puts: -24.63%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/19) 0.14
Prior (08/18) 0.15
Current vs Prior -8.31%
Prior 7-Day Average 0.22
Current vs Prior 7-Day Avg -35.37%
Sentiment BULLISH

Open Interest

Detail
Current (08/19) 148,656
Calls: 108,346 (73%)
Puts: 40,310 (27%)
Prior (08/18) 142,259
Calls: 103,158 (73%)
Puts: 39,101 (27%)
Current vs Prior +4.50%
Prior 7-Day Total 745,976
Calls: 532,613 (71%)
Puts: 213,363 (29%)
Prior 7-Day Average 106,568
Calls: 76,087 (71%)
Puts: 30,480 (29%)
Current vs Prior 7-Day Avg +39.49%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)Expiry (08/21) | Next (09/18)
Current 6.84% | 19.23%6.84% | 19.23%
Prior 7.66% | 19.34%7.66% | 19.34%
Current vs Prior -10.73% | -0.55%-10.73% | -0.55%
Prior 7-Day Avg 10.72% | 21.05%10.72% | 21.05%
Current vs 7-Day Avg -36.17% | -8.64%-36.16% | -8.64%
Prior 7-Day Eod 7.66% | 19.34%7.66% | 19.34%
Current vs 7-Day Eod -10.73% | -0.55%-10.73% | -0.55%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 19.24% | 11.92%
Calls: 23.15% | 14.08%
Puts: 15.34% | 9.76%
Prior 21.78% | 10.12%
Calls: 17.24% | 6.90%
Puts: 26.32% | 13.33%
Current vs Prior -11.66% | +17.79%
Prior 7-Day Avg 19.16% | 11.96%
Calls: 19.59% | 12.88%
Puts: 18.74% | 11.03%
Current vs 7-Day Avg +0.40% | -0.30%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 78% of dollar volume in calls ($942.6K) vs puts ($267.1K). Light premium activity with dollar volume down 52% vs prior. Below-average activity with volume down 55% vs prior. Extreme bullish P/C ratio of 0.14 - heavy call buying (5,207 calls vs 735 puts).

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 7.6%, best 6.5%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Sep 183.003.20$3.106.5%1130.493.1K
$39.00Sep 183.303.60$3.458.7%270.53447
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. 29 found (avg delta 0.73, highest 0.96)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$34.00Aug 213.306.40$4.8563.9%--0.9623
$35.00Aug 213.105.00$4.0546.9%20.9142
$31.00Sep 187.509.50$8.5023.5%--0.85135
$36.00Aug 212.304.10$3.2056.2%--0.8414
$32.00Sep 186.708.90$7.8028.2%--0.83217
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Aug 215.309.20$7.2553.8%--0.9049
$44.00Aug 213.907.00$5.4556.9%10.8968
$45.00Aug 215.508.30$6.9040.6%150.89481
$43.00Aug 213.506.00$4.7552.6%50.8680
$42.00Aug 212.704.20$3.4543.5%--0.85563

Most actively traded options today. High liquidity = easy entry/exit. 46 active (total vol 1.8K, top 568)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$43.00Aug 210.050.40$0.23152.2%5680.13351
$45.00Sep 181.501.80$1.6518.2%2070.311.7K
$40.00Sep 183.003.20$3.106.5%1130.493.1K
$43.00Sep 181.902.40$2.1523.3%390.38675
$42.00Sep 182.002.70$2.3529.8%290.41293
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$38.00Sep 182.803.40$3.1019.4%1440.42520
$40.00Sep 183.804.80$4.3023.3%880.51845
$38.00Aug 210.451.05$0.7580.0%610.38765
$37.00Sep 182.303.10$2.7029.6%550.383.5K
$39.00Sep 183.404.00$3.7016.2%550.47963

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 12 strikes (avg 18.5%, max 34.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$36.00Aug 21Sep 18105.0%78.3%34.2%--351
$38.00Aug 21Sep 1898.2%78.0%25.9%13178
$42.00Aug 21Sep 18104.0%82.7%25.7%57412
$39.00Aug 21Sep 1896.7%82.0%17.8%35520
$41.00Aug 21Sep 1885.9%81.3%5.7%14159
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$36.00Aug 21Sep 18105.0%78.3%34.2%28473
$38.00Aug 21Sep 1898.2%78.0%25.9%2051.3K
$42.00Aug 21Sep 18104.0%82.7%25.7%1783
$39.00Aug 21Sep 1896.7%82.0%17.8%791.1K
$41.00Aug 21Sep 1885.9%81.3%5.7%7227

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 32 found (best R:R 1.86, avg 1.95)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$38.00$39.00Sep 18$0.30$0.70$0.3057%2.33$38.30
$36.00$37.00Sep 18$0.40$0.60$0.4066%1.50$36.40
$37.00$38.00Aug 21$0.53$0.47$0.5380%0.89$37.53
$42.00$43.00Sep 18$0.20$0.80$0.2041%4.00$42.20
$33.00$34.00Sep 18$0.60$0.40$0.6079%0.67$33.60
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$46.00$45.00Aug 21$0.35$0.65$0.3590%1.86$45.65
$46.00$45.00Sep 18$0.65$0.35$0.6573%0.54$45.35
$38.00$37.00Sep 18$0.40$0.60$0.4042%1.50$37.60
$40.00$39.00Aug 21$0.63$0.37$0.6368%0.59$39.37
$39.00$38.00Aug 21$0.45$0.55$0.4552%1.22$38.55

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 18 found (best R:R 1.00, avg 0.54)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$39.00$40.00Aug 21$0.50$0.50$0.5052%1.00$39.50
$45.00$46.00Sep 18$0.32$0.32$0.6869%0.47$45.32
$40.00$41.00Aug 21$0.23$0.23$0.7768%0.30$40.23
$40.00$41.00Sep 18$0.47$0.47$0.5351%0.89$40.47
$43.00$44.00Sep 18$0.35$0.35$0.6562%0.54$43.35
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$38.00$37.00Aug 21$0.50$0.50$0.5062%1.00$37.50
$35.00$34.00Sep 18$0.45$0.45$0.5571%0.82$34.55
$37.00$36.00Sep 18$0.53$0.53$0.4762%1.13$36.47
$34.00$33.00Sep 18$0.30$0.30$0.7076%0.43$33.70
$32.00$31.00Sep 18$0.18$0.18$0.8283%0.22$31.82

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 6 found (avg debit $2.45, cheapest $2.30)

CALLS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$38.00Aug 21Sep 18$2.3098.2%78.0%
$39.00Aug 21Sep 18$2.4796.7%82.0%
$40.00Aug 21Sep 18$2.6285.1%83.6%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$38.00Aug 21Sep 18$2.3598.2%78.0%
$39.00Aug 21Sep 18$2.5096.7%82.0%
$40.00Aug 21Sep 18$2.4785.1%83.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 16 found (cheapest 5.63% of stock, avg 13.14%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$39.00Aug 21$0.98$1.20$2.18$36.82$41.185.63%
$38.00Aug 21$1.45$0.75$2.20$35.80$40.205.68%
$37.00Aug 21$1.98$0.25$2.23$34.77$39.235.76%
$40.00Aug 21$0.48$1.83$2.31$37.69$42.315.96%
$41.00Aug 21$0.25$2.63$2.88$38.12$43.887.43%
$36.00Aug 21$3.20$0.25$3.45$32.55$39.458.91%
$42.00Aug 21$0.23$3.45$3.68$38.32$45.689.50%
$35.00Aug 21$4.05$0.13$4.18$30.82$39.1810.79%
$38.00Sep 18$3.75$3.10$6.85$31.15$44.8517.68%
$36.00Sep 18$4.75$2.17$6.92$29.08$42.9217.86%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 50 found (cheapest 1.24% of stock, avg 7.65%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$42.00$36.00Aug 21$0.23$0.25$0.48$35.52$42.48
$43.00$36.00Aug 21$0.23$0.25$0.48$35.52$43.48
$41.00$37.00Aug 21$0.25$0.25$0.50$36.50$41.50
$42.00$37.00Aug 21$0.23$0.25$0.48$36.52$42.48
$43.00$37.00Aug 21$0.23$0.25$0.48$36.52$43.48
$41.00$36.00Aug 21$0.25$0.25$0.50$35.50$41.50
$43.00$32.00Aug 21$0.23$0.30$0.53$31.47$43.53
$42.00$32.00Aug 21$0.23$0.30$0.53$31.47$42.53
$41.00$32.00Aug 21$0.25$0.30$0.55$31.45$41.55
$43.00$31.00Aug 21$0.23$0.38$0.61$30.39$43.61

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 11 found (best R:R 3.35, avg credit $0.51)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
34/3545/46Sep 18$0.77$0.2340%3.35$34.23$45.77
33/3445/46Sep 18$0.62$0.3845%1.63$33.38$45.62
31/3245/46Sep 18$0.50$0.5052%1.00$31.50$45.50
35/3645/46Sep 18$0.66$0.3436%1.94$35.34$45.66
32/3345/46Sep 18$0.52$0.4849%1.08$32.48$45.52
34/3544/45Sep 18$0.60$0.4038%1.50$34.40$44.60
35/3640/41Aug 21$0.35$0.6553%0.54$35.65$40.35
33/3444/45Sep 18$0.45$0.5542%0.82$33.55$44.45
31/3244/45Sep 18$0.33$0.6750%0.49$31.67$44.33
35/3644/45Sep 18$0.49$0.5133%0.96$35.51$44.49

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 24 found (best R:R 15.67, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$37.00$38.00$39.00Aug 21$0.06$0.9432%15.67
$41.00$42.00$43.00Sep 18$0.08$0.927%11.50
$43.00$44.00$45.00Aug 21$0.07$0.933%13.29
$39.00$40.00$41.00Aug 21$0.27$0.7329%2.70
$40.00$41.00$42.00Aug 21$0.21$0.7916%3.76
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$38.00$39.00$40.00Aug 21$0.18$0.8231%4.56
$39.00$40.00$41.00Aug 21$0.17$0.8329%4.88
$32.00$33.00$34.00Sep 18$0.10$0.907%9.00
$42.00$43.00$44.00Sep 18$0.10$0.907%9.00
$33.00$34.00$35.00Aug 21$0.11$0.894%8.09

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 19 found (best net $-0.30, 18 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$36.00$37.001:2Aug 21-$0.76$0.24
$38.00$39.001:2Aug 21-$0.51$0.49
$43.00$44.001:2Aug 21-$0.13$0.87
$41.00$42.001:2Aug 21-$0.21$0.79
$45.00$46.001:2Aug 21-$0.16$0.84
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$39.00$38.001:2Aug 21-$0.30$0.70
$40.00$39.001:2Aug 21-$0.57$0.43
$34.00$33.001:2Aug 21-$0.11$0.89
$37.00$36.001:2Aug 21-$0.25$0.75
$32.00$31.001:2Aug 21-$0.46$0.54

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 11 found (best yield 7.74%, avg 4.09%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$40.00Sep 18$3.000.493.2%7.74%11.00%1133.1K
$43.00Sep 18$1.900.3811.0%4.90%15.90%39675
$39.00Sep 18$3.300.530.7%8.52%9.19%27447
$45.00Sep 18$1.500.3116.2%3.87%20.03%2071.7K
$42.00Sep 18$2.000.418.4%5.16%13.58%29293
$44.00Sep 18$1.500.3313.6%3.87%17.45%16346
$41.00Sep 18$2.150.445.8%5.55%11.38%967
$46.00Sep 18$1.150.2718.7%2.97%21.71%19892
$40.00Aug 21$0.300.323.2%0.77%4.03%12972
$39.00Aug 21$0.550.480.7%1.42%2.09%873

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 5,207
Total Puts 735
Put/Call Ratio 0.14
Net Difference 4,472

Prior's Put/Call Breakdown

Total Calls 11,523
Total Puts 1,774
Put/Call Ratio 0.15
Net Difference 9,749

Prior 7-Day Put/Call Summary

Total Calls 68,969
Total Puts 7,922
Average Put/Call Ratio 0.22
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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