Tour v492
VIAV
VIAVI SOLUTIONS INC
$40.06 -0.64%
8/5 14:09

Option Volume

Detail
Current (08/05 2:05pm) 3,786
Calls: 3,019 (80%)
Puts: 767 (20%)
Prior (08/04) 3,445
Calls: 1,970 (57%)
Puts: 1,475 (43%)
Current vs Prior +9.90%
Calls: +53.25% (Calls)
Puts: -48.00% (Puts)
Prior 7-Day Total 20,849
Calls: 12,790 (61%)
Puts: 8,059 (39%)
Prior 7-Day Average 2,978
Calls: 1,827 (61%)
Puts: 1,151 (39%)
Current vs Prior 7-Day Avg +27.11%
Calls: +65.23%
Puts: -33.38%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/05 2:05pm) $1.31M
Calls: $1.08M (82%)
Puts: $231.4K (18%)
Prior (08/04) $1.67M
Calls: $855.0K (51%)
Puts: $811.1K (49%)
Current vs Prior -21.34%
Calls: +26.22%
Puts: -71.47%
Prior 7-Day Total $7.48M
Calls: $4.70M (63%)
Puts: $2.79M (37%)
Prior 7-Day Average $1.07M
Calls: $670.8K (63%)
Puts: $398.2K (37%)
Current vs Prior 7-Day Avg +22.60%
Calls: +60.88%
Puts: -41.89%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/05 2:05pm) 0.25
Prior (08/04) 0.75
Current vs Prior -66.07%
Prior 7-Day Average 0.47
Current vs Prior 7-Day Avg -46.51%
Sentiment BULLISH

Open Interest

Detail
Current (08/05 2:05pm) 104,726
Calls: 69,562 (66%)
Puts: 35,164 (34%)
Prior (08/04) 102,377
Calls: 68,198 (67%)
Puts: 34,179 (33%)
Current vs Prior +2.29%
Prior 7-Day Total 636,538
Calls: 433,155 (68%)
Puts: 203,383 (32%)
Prior 7-Day Average 90,934
Calls: 61,879 (68%)
Puts: 29,054 (32%)
Current vs Prior 7-Day Avg +15.17%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)
Current 22.22% | 30.95%
Prior 23.35% | 31.32%
Current vs Prior -4.87% | -1.16%
Prior 7-Day Avg 25.09% | 32.72%
Current vs 7-Day Avg -11.47% | -5.39%
Prior 7-Day Eod 23.35% | 31.32%
Current vs 7-Day Eod -4.87% | -1.16%
Sentiment BULLISH

Relative Spread

Detail
Expiry | Next
Current 8.90% | 9.62%
Calls: 7.06% | 8.40%
Puts: 10.75% | 10.85%
Prior 15.91% | 13.56%
Calls: 15.73% | 13.33%
Puts: 16.09% | 13.79%
Current vs Prior -44.06% | -29.06%
Prior 7-Day Avg 14.80% | 11.01%
Calls: 15.50% | 11.81%
Puts: 14.11% | 10.21%
Current vs 7-Day Avg -39.88% | -12.66%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 82% of dollar volume in calls ($1.08M) vs puts ($231.4K). Extreme bullish P/C ratio of 0.25 - heavy call buying (3,019 calls vs 767 puts). P/C ratio dropping 66% - sentiment shifting bullish. Call-heavy open interest (69,562 calls vs 35,164 puts) suggests bullish positioning.

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 NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Sentiment Timeline (Today)
TimeSmart MoneyRetailOverall
15:05BULLISHBULLISHBULLISH
14:05BULLISHBULLISHBULLISH

📈 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 26 of results (avg 7.4%, best 1.8%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$41.00Aug 213.804.00$3.905.1%370.5279
$40.00Aug 214.104.40$4.257.1%2490.56683
$33.00Aug 218.008.70$8.358.4%100.817
$40.00Sep 185.706.20$5.958.4%250.581.4K
$35.00Aug 216.707.30$7.008.6%80.7442
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$48.00Sep 1810.8011.00$10.901.8%--0.61870
$44.00Sep 188.008.20$8.102.5%--0.5279
$46.00Sep 189.309.60$9.453.2%--0.57291
$40.00Aug 214.004.20$4.104.9%960.45413
$40.00Sep 185.505.80$5.655.3%--0.43731

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. 30 found (avg delta 0.62, highest 0.81)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$33.00Aug 218.008.70$8.358.4%100.817
$34.00Aug 217.108.80$7.9521.4%--0.7728
$33.00Sep 189.2010.70$9.9515.1%--0.7642
$35.00Aug 216.707.30$7.008.6%80.7442
$34.00Sep 188.709.50$9.108.8%10.74208
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Aug 217.808.30$8.056.2%--0.6537
$45.00Aug 217.007.50$7.256.9%50.62466
$48.00Sep 1810.8011.00$10.901.8%--0.61870
$47.00Sep 189.8010.60$10.207.8%--0.59483
$44.00Aug 216.306.90$6.609.1%--0.5956

Most actively traded options today. High liquidity = easy entry/exit. 36 active (total vol 1.7K, top 347)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Aug 212.252.60$2.4214.5%3470.38592
$40.00Aug 214.104.40$4.257.1%2490.56683
$43.00Aug 212.903.20$3.059.8%1670.45235
$42.00Aug 213.303.60$3.458.7%1070.4869
$44.00Aug 212.552.90$2.7212.9%1010.4165
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Sep 183.103.40$3.259.2%2600.291.4K
$40.00Aug 214.004.20$4.104.9%960.45413
$35.00Aug 211.801.95$1.888.0%760.261.5K
$42.00Aug 215.105.50$5.307.5%190.5273
$33.00Aug 211.201.40$1.3015.4%70.1924

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 30 strikes (avg 18.3%, max 22.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$41.00Aug 21Sep 18128.3%105.2%22.0%45131
$38.00Aug 21Sep 18127.7%105.9%20.6%17241
$45.00Aug 21Sep 18125.7%104.7%20.1%3761.1K
$40.00Aug 21Sep 18123.9%103.4%19.8%2742.1K
$43.00Aug 21Sep 18125.6%105.3%19.2%169474
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$41.00Aug 21Sep 18128.3%105.2%22.0%--104
$38.00Aug 21Sep 18127.7%105.9%20.6%4705
$45.00Aug 21Sep 18125.7%104.7%20.1%5775
$40.00Aug 21Sep 18123.9%103.4%19.8%961.1K
$43.00Aug 21Sep 18125.6%105.3%19.2%--1.4K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 45 found (best R:R 4.00, avg 1.62)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$45.00$46.00Sep 18$0.20$0.80$0.204.00$45.20
$46.00$47.00Aug 21$0.25$0.75$0.253.00$46.25
$47.00$48.00Aug 21$0.25$0.75$0.253.00$47.25
$43.00$44.00Sep 18$0.25$0.75$0.253.00$43.25
$46.00$47.00Sep 18$0.25$0.75$0.253.00$46.25
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$35.00$34.00Aug 21$0.25$0.75$0.253.00$34.75
$40.00$39.00Sep 18$0.25$0.75$0.253.00$39.75
$35.00$34.00Sep 18$0.27$0.73$0.272.70$34.73
$34.00$33.00Aug 21$0.33$0.67$0.332.03$33.67
$37.00$36.00Sep 18$0.35$0.65$0.351.86$36.65

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 56 found (best R:R 5.67, avg 1.33)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$33.00$34.00Sep 18$0.85$0.85$0.155.67$33.85
$36.00$37.00Aug 21$0.75$0.75$0.253.00$36.75
$34.00$35.00Sep 18$0.70$0.70$0.302.33$34.70
$35.00$36.00Sep 18$0.55$0.55$0.451.22$35.55
$35.00$36.00Aug 21$0.50$0.50$0.501.00$35.50
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$45.00$44.00Sep 18$0.85$0.85$0.155.67$44.15
$46.00$45.00Aug 21$0.80$0.80$0.204.00$45.20
$41.00$40.00Sep 18$0.80$0.80$0.204.00$40.20
$43.00$42.00Sep 18$0.80$0.80$0.204.00$42.20
$47.00$46.00Sep 18$0.75$0.75$0.253.00$46.25

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 30 found (avg debit $1.56, cheapest $1.15)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$34.00Aug 21Sep 18$1.15127.8%108.0%
$36.00Aug 21Sep 18$1.35126.6%109.3%
$35.00Aug 21Sep 18$1.40124.7%105.1%
$41.00Aug 21Sep 18$1.55128.3%105.2%
$45.00Aug 21Sep 18$1.58125.7%104.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$33.00Aug 21Sep 18$1.30126.6%108.2%
$34.00Aug 21Sep 18$1.35127.8%108.0%
$35.00Aug 21Sep 18$1.37124.7%105.1%
$46.00Aug 21Sep 18$1.40125.5%106.5%
$38.00Aug 21Sep 18$1.50127.7%105.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 30 found (cheapest 20.84% of stock, avg 26.92%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$40.00Aug 21$4.25$4.10$8.35$31.65$48.3520.84%
$39.00Aug 21$4.75$3.65$8.40$30.60$47.4020.97%
$38.00Aug 21$5.25$3.20$8.45$29.55$46.4521.09%
$37.00Aug 21$5.75$2.72$8.47$28.53$45.4721.14%
$41.00Aug 21$3.90$4.65$8.55$32.45$49.5521.34%
$42.00Aug 21$3.45$5.30$8.75$33.25$50.7521.84%
$36.00Aug 21$6.50$2.30$8.80$27.20$44.8021.97%
$35.00Aug 21$7.00$1.88$8.88$26.12$43.8822.17%
$43.00Aug 21$3.05$5.90$8.95$34.05$51.9522.34%
$44.00Aug 21$2.72$6.60$9.32$34.68$53.3223.27%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 50 found (cheapest 12.16% of stock, avg 20.37%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$46.00$37.00Aug 21$2.15$2.72$4.87$32.13$50.87
$45.00$37.00Aug 21$2.42$2.72$5.14$31.86$50.14
$46.00$38.00Aug 21$2.15$3.20$5.35$32.65$51.35
$44.00$37.00Aug 21$2.72$2.72$5.44$31.56$49.44
$45.00$38.00Aug 21$2.42$3.20$5.62$32.38$50.62
$43.00$37.00Aug 21$3.05$2.72$5.77$31.23$48.77
$46.00$39.00Aug 21$2.15$3.65$5.80$33.20$51.80
$44.00$38.00Aug 21$2.72$3.20$5.92$32.08$49.92
$45.00$39.00Aug 21$2.42$3.65$6.07$32.93$51.07
$42.00$37.00Aug 21$3.45$2.72$6.17$30.83$48.17

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 49 found (best R:R 9.00, avg credit $0.78)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
38/3941/42Aug 21$0.90$0.109.00$38.10$41.90
39/4041/42Aug 21$0.90$0.109.00$39.10$41.90
37/3842/43Aug 21$0.88$0.127.33$37.12$42.88
33/3436/37Sep 18$0.88$0.127.33$33.12$36.88
33/3437/38Sep 18$0.88$0.127.33$33.12$37.88
33/3438/39Sep 18$0.88$0.127.33$33.12$38.88
33/3440/41Sep 18$0.88$0.127.33$33.12$40.88
35/3641/42Aug 21$0.87$0.136.69$35.13$41.87
36/3741/42Aug 21$0.87$0.136.69$36.13$41.87
38/3942/43Aug 21$0.85$0.155.67$38.15$42.85

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 25 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$35.00$36.00$37.00Sep 18$0.05$0.9519.00
$42.00$43.00$44.00Aug 21$0.07$0.9313.29
$38.00$39.00$40.00Sep 18$0.10$0.909.00
$39.00$40.00$41.00Aug 21$0.15$0.855.67
$33.00$34.00$35.00Sep 18$0.15$0.855.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$36.00$37.00$38.00Aug 21$0.06$0.9415.67
$39.00$40.00$41.00Aug 21$0.10$0.909.00
$40.00$41.00$42.00Aug 21$0.10$0.909.00
$42.00$43.00$44.00Aug 21$0.10$0.909.00
$36.00$37.00$38.00Sep 18$0.10$0.909.00

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 1 found (best net $-0.97, 1 credits)

CALLS (0)
No calls found
PUTS (1)
Buy KSell KRatioExpiryNetMax Gain
$34.00$33.001:2Aug 21-$0.97$0.03

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 16 found (best yield 12.98%, avg 8.14%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$41.00Sep 18$5.200.552.4%12.98%15.33%852
$42.00Sep 18$4.900.534.8%12.23%17.07%2784
$43.00Sep 18$4.400.507.3%10.98%18.32%2239
$44.00Sep 18$4.100.489.8%10.23%20.07%--124
$41.00Aug 21$3.800.522.4%9.49%11.83%3779
$45.00Sep 18$3.800.4512.3%9.49%21.82%29461
$46.00Sep 18$3.500.4314.8%8.74%23.56%1570
$42.00Aug 21$3.300.484.8%8.24%13.08%10769
$47.00Sep 18$3.200.4117.3%7.99%25.31%--73
$48.00Sep 18$3.000.3919.8%7.49%27.31%--160

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 3,019
Total Puts 767
Put/Call Ratio 0.25
Net Difference 2,252

Prior's Put/Call Breakdown

Total Calls 1,970
Total Puts 1,475
Put/Call Ratio 0.75
Net Difference 495

Prior 7-Day Put/Call Summary

Total Calls 12,790
Total Puts 8,059
Average Put/Call Ratio 0.47
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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