Tour v492
VIAV
VIAVI SOLUTIONS INC
$39.74 -1.44%
8/5 15:07

Option Volume

Detail
Current (08/05 3:05pm) 5,258
Calls: 4,222 (80%)
Puts: 1,036 (20%)
Prior (08/04) 3,999
Calls: 2,459 (61%)
Puts: 1,540 (39%)
Current vs Prior +31.48%
Calls: +71.70% (Calls)
Puts: -32.73% (Puts)
Prior 7-Day Total 23,567
Calls: 14,128 (60%)
Puts: 9,439 (40%)
Prior 7-Day Average 3,366
Calls: 2,018 (60%)
Puts: 1,348 (40%)
Current vs Prior 7-Day Avg +56.18%
Calls: +109.19%
Puts: -23.17%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/05 3:05pm) $1.66M
Calls: $1.35M (81%)
Puts: $312.3K (19%)
Prior (08/04) $1.82M
Calls: $969.7K (53%)
Puts: $846.2K (47%)
Current vs Prior -8.43%
Calls: +39.28%
Puts: -63.10%
Prior 7-Day Total $8.60M
Calls: $5.07M (59%)
Puts: $3.53M (41%)
Prior 7-Day Average $1.23M
Calls: $724.6K (59%)
Puts: $504.7K (41%)
Current vs Prior 7-Day Avg +35.27%
Calls: +86.40%
Puts: -38.13%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/05 3:05pm) 0.25
Prior (08/04) 0.63
Current vs Prior -60.82%
Prior 7-Day Average 0.54
Current vs Prior 7-Day Avg -54.90%
Sentiment BULLISH

Open Interest

Detail
Current (08/05 3:05pm) 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 642,719
Calls: 436,676 (68%)
Puts: 206,043 (32%)
Prior 7-Day Average 91,817
Calls: 62,382 (68%)
Puts: 29,434 (32%)
Current vs Prior 7-Day Avg +14.06%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)
Current 21.89% | 30.07%
Prior 23.38% | 31.33%
Current vs Prior -6.36% | -4.03%
Prior 7-Day Avg 24.64% | 32.44%
Current vs 7-Day Avg -11.16% | -7.32%
Prior 7-Day Eod 23.38% | 31.33%
Current vs 7-Day Eod -6.36% | -4.03%
Sentiment BULLISH

Relative Spread

Detail
Expiry | Next
Current 6.98% | 5.89%
Calls: 4.44% | 4.88%
Puts: 9.52% | 6.90%
Prior 9.41% | 9.40%
Calls: 10.31% | 8.96%
Puts: 8.51% | 9.84%
Current vs Prior -25.82% | -37.34%
Prior 7-Day Avg 14.64% | 11.45%
Calls: 15.26% | 12.31%
Puts: 14.01% | 10.59%
Current vs 7-Day Avg -52.31% | -48.57%
Liquidity Pricy
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🤖 AI Insights

Strong bullish conviction with 81% of dollar volume in calls ($1.35M) vs puts ($312.3K). Extreme bullish P/C ratio of 0.25 - heavy call buying (4,222 calls vs 1,036 puts). P/C ratio dropping 61% - 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 BULLISH
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 36 of results (avg 7.1%, best 3.8%)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$41.00Sep 185.205.40$5.303.8%80.5452
$39.00Aug 214.404.60$4.504.4%30.5869
$38.00Sep 186.506.80$6.654.5%20.6291
$39.00Sep 186.006.30$6.154.9%10.59277
$40.00Aug 214.004.20$4.104.9%3700.55683
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$44.00Sep 188.008.40$8.204.9%--0.5379
$46.00Sep 189.409.90$9.655.2%--0.57291
$47.00Sep 1810.0010.60$10.305.8%--0.60483
$43.00Aug 215.906.30$6.106.6%--0.5655
$45.00Aug 217.207.70$7.456.7%50.63466

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. 31 found (avg delta 0.63, highest 0.83)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$32.00Aug 218.409.50$8.9512.3%30.832
$33.00Aug 217.908.70$8.309.6%120.807
$32.00Sep 189.8011.30$10.5514.2%--0.78217
$34.00Aug 217.108.80$7.9521.4%--0.7728
$33.00Sep 189.2010.70$9.9515.1%--0.7642
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Aug 217.808.40$8.107.4%--0.6637
$45.00Aug 217.207.70$7.456.7%50.63466
$47.00Sep 1810.0010.60$10.305.8%--0.60483
$44.00Aug 216.507.00$6.757.4%--0.6056
$46.00Sep 189.409.90$9.655.2%--0.57291

Most actively traded options today. High liquidity = easy entry/exit. 37 active (total vol 2.4K, top 665)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Aug 212.202.45$2.3310.7%6650.37592
$40.00Aug 214.004.20$4.104.9%3700.55683
$43.00Aug 212.803.10$2.9510.2%1760.44235
$42.00Aug 213.203.50$3.359.0%1280.4769
$44.00Aug 212.402.70$2.5511.8%1050.4065
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Sep 183.103.50$3.3012.1%2810.301.4K
$35.00Aug 211.852.10$1.9812.6%1180.271.5K
$40.00Aug 214.004.40$4.209.5%1010.46413
$32.00Aug 211.001.25$1.1322.1%410.179
$42.00Aug 215.105.60$5.359.3%190.5373

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 31 strikes (avg 19.0%, max 24.0%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$37.00Aug 21Sep 18126.0%101.6%24.0%2388
$32.00Aug 21Sep 18128.6%105.3%22.1%3219
$39.00Aug 21Sep 18124.9%102.8%21.4%4346
$35.00Aug 21Sep 18126.1%104.0%21.2%18203
$34.00Aug 21Sep 18126.7%104.9%20.7%1236
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$37.00Aug 21Sep 18126.0%101.6%24.0%43.4K
$32.00Aug 21Sep 18128.6%105.3%22.1%41112
$39.00Aug 21Sep 18124.9%102.8%21.4%1934
$35.00Aug 21Sep 18126.1%104.0%21.2%3992.8K
$34.00Aug 21Sep 18126.7%104.9%20.7%4133

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 50 found (best R:R 9.00, avg 1.56)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$45.00$46.00Sep 18$0.10$0.90$0.109.00$45.10
$41.00$42.00Sep 18$0.20$0.80$0.204.00$41.20
$44.00$45.00Aug 21$0.22$0.78$0.223.55$44.22
$46.00$47.00Aug 21$0.25$0.75$0.253.00$46.25
$45.00$46.00Aug 21$0.28$0.72$0.282.57$45.28
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$33.00$32.00Aug 21$0.20$0.80$0.204.00$32.80
$37.00$36.00Sep 18$0.20$0.80$0.204.00$36.80
$34.00$33.00Aug 21$0.32$0.68$0.322.13$33.68
$35.00$34.00Aug 21$0.33$0.67$0.332.03$34.67
$34.00$33.00Sep 18$0.35$0.65$0.351.86$33.65

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 1.21)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$36.00$37.00Aug 21$0.85$0.85$0.155.67$36.85
$32.00$33.00Aug 21$0.65$0.65$0.351.86$32.65
$37.00$38.00Sep 18$0.65$0.65$0.351.86$37.65
$37.00$38.00Aug 21$0.60$0.60$0.401.50$37.60
$32.00$33.00Sep 18$0.60$0.60$0.401.50$32.60
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$43.00$42.00Aug 21$0.75$0.75$0.253.00$42.25
$44.00$43.00Sep 18$0.75$0.75$0.253.00$43.25
$45.00$44.00Sep 18$0.75$0.75$0.253.00$44.25
$45.00$44.00Aug 21$0.70$0.70$0.302.33$44.30
$46.00$45.00Sep 18$0.70$0.70$0.302.33$45.30

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 31 found (avg debit $1.51, cheapest $1.05)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$34.00Aug 21Sep 18$1.05126.7%104.9%
$36.00Aug 21Sep 18$1.35125.9%107.1%
$47.00Aug 21Sep 18$1.50124.7%105.0%
$35.00Aug 21Sep 18$1.55126.1%104.0%
$45.00Aug 21Sep 18$1.57125.6%105.7%
PUTS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$32.00Aug 21Sep 18$1.07128.6%105.3%
$33.00Aug 21Sep 18$1.25125.7%105.8%
$34.00Aug 21Sep 18$1.28126.7%104.9%
$35.00Aug 21Sep 18$1.32126.1%104.0%
$37.00Aug 21Sep 18$1.32126.0%101.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 31 found (cheapest 20.63% of stock, avg 26.79%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$39.00Aug 21$4.50$3.70$8.20$30.80$47.2020.63%
$38.00Aug 21$5.05$3.20$8.25$29.75$46.2520.76%
$40.00Aug 21$4.10$4.20$8.30$31.70$48.3020.89%
$37.00Aug 21$5.65$2.78$8.43$28.57$45.4321.21%
$41.00Aug 21$3.70$4.80$8.50$32.50$49.5021.39%
$42.00Aug 21$3.35$5.35$8.70$33.30$50.7021.89%
$35.00Aug 21$6.85$1.98$8.83$26.17$43.8322.22%
$36.00Aug 21$6.50$2.35$8.85$27.15$44.8522.27%
$43.00Aug 21$2.95$6.10$9.05$33.95$52.0522.77%
$44.00Aug 21$2.55$6.75$9.30$34.70$53.3023.40%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 50 found (cheapest 12.15% of stock, avg 20.32%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$46.00$37.00Aug 21$2.05$2.78$4.83$32.17$50.83
$45.00$37.00Aug 21$2.33$2.78$5.11$31.89$50.11
$46.00$38.00Aug 21$2.05$3.20$5.25$32.75$51.25
$44.00$37.00Aug 21$2.55$2.78$5.33$31.67$49.33
$45.00$38.00Aug 21$2.33$3.20$5.53$32.47$50.53
$43.00$37.00Aug 21$2.95$2.78$5.73$31.27$48.73
$44.00$38.00Aug 21$2.55$3.20$5.75$32.25$49.75
$46.00$39.00Aug 21$2.05$3.70$5.75$33.25$51.75
$45.00$39.00Aug 21$2.33$3.70$6.03$32.97$51.03
$42.00$37.00Aug 21$3.35$2.78$6.13$30.87$48.13

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 48 found (best R:R 9.00, avg credit $0.74)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
38/3940/41Aug 21$0.90$0.109.00$38.10$40.90
33/3436/37Sep 18$0.90$0.109.00$33.10$36.90
34/3538/39Aug 21$0.88$0.127.33$34.12$38.88
32/3338/39Sep 18$0.88$0.127.33$32.12$38.88
33/3438/39Aug 21$0.87$0.136.69$33.13$38.87
34/3538/39Sep 18$0.87$0.136.69$34.13$38.87
38/3941/42Aug 21$0.85$0.155.67$38.15$41.85
39/4041/42Aug 21$0.85$0.155.67$39.15$41.85
33/3438/39Sep 18$0.85$0.155.67$33.15$38.85
36/3739/40Aug 21$0.83$0.174.88$36.17$39.83

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 24 found (best R:R 19.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$37.00$38.00$39.00Aug 21$0.05$0.9519.00
$34.00$35.00$36.00Sep 18$0.05$0.9519.00
$38.00$39.00$40.00Sep 18$0.10$0.909.00
$38.00$39.00$40.00Aug 21$0.15$0.855.67
$37.00$38.00$39.00Sep 18$0.15$0.855.67
PUTS (5)
LowMidHighExpiryDebitMax GainR:R
$43.00$44.00$45.00Aug 21$0.05$0.9519.00
$35.00$36.00$37.00Aug 21$0.06$0.9415.67
$37.00$38.00$39.00Aug 21$0.08$0.9211.50
$39.00$40.00$41.00Aug 21$0.10$0.909.00
$38.00$39.00$40.00Sep 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 $-0.93, 1 credits)

CALLS (0)
No calls found
PUTS (1)
Buy KSell KRatioExpiryNetMax Gain
$33.00$32.001:2Aug 21-$0.93$0.07

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 16 found (best yield 14.09%, avg 8.87%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$40.00Sep 18$5.600.570.7%14.09%14.75%471.4K
$41.00Sep 18$5.200.543.2%13.09%16.26%852
$42.00Sep 18$4.800.525.7%12.08%17.77%2784
$43.00Sep 18$4.400.498.2%11.07%19.28%102239
$44.00Sep 18$4.100.4710.7%10.32%21.04%--124
$40.00Aug 21$4.000.550.7%10.07%10.72%370683
$45.00Sep 18$3.800.4413.2%9.56%22.80%32461
$41.00Aug 21$3.600.513.2%9.06%12.23%4779
$46.00Sep 18$3.500.4215.8%8.81%24.56%1570
$42.00Aug 21$3.200.475.7%8.05%13.74%12869

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 4,222
Total Puts 1,036
Put/Call Ratio 0.25
Net Difference 3,186

Prior's Put/Call Breakdown

Total Calls 2,459
Total Puts 1,540
Put/Call Ratio 0.63
Net Difference 919

Prior 7-Day Put/Call Summary

Total Calls 14,128
Total Puts 9,439
Average Put/Call Ratio 0.54
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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