Tour v526
VIAV
VIAVI SOLUTIONS INC
$38.48 -0.67%
8/20 15:07

Option Volume

Detail
Current (08/20 3:05pm) 3,201
Calls: 2,636 (82%)
Puts: 565 (18%)
Prior (08/19) 5,505
Calls: 4,888 (89%)
Puts: 617 (11%)
Current vs Prior -41.85%
Calls: -46.07% (Calls)
Puts: -8.43% (Puts)
Prior 7-Day Total 36,247
Calls: 31,814 (88%)
Puts: 4,433 (12%)
Prior 7-Day Average 5,178
Calls: 4,544 (88%)
Puts: 633 (12%)
Current vs Prior 7-Day Avg -38.18%
Calls: -42.00%
Puts: -10.78%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/20 3:05pm) $739.1K
Calls: $513.7K (70%)
Puts: $225.4K (30%)
Prior (08/19) $1.12M
Calls: $885.0K (79%)
Puts: $230.3K (21%)
Current vs Prior -33.73%
Calls: -41.96%
Puts: -2.13%
Prior 7-Day Total $9.34M
Calls: $8.10M (87%)
Puts: $1.23M (13%)
Prior 7-Day Average $1.33M
Calls: $1.16M (87%)
Puts: $176.4K (13%)
Current vs Prior 7-Day Avg -44.58%
Calls: -55.61%
Puts: +27.82%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/20 3:05pm) 0.21
Prior (08/19) 0.13
Current vs Prior +69.80%
Prior 7-Day Average 0.20
Current vs Prior 7-Day Avg +5.70%
Sentiment BULLISH

Open Interest

Detail
Current (08/20 3:05pm) 149,646
Calls: 109,406 (73%)
Puts: 40,240 (27%)
Prior (08/19) 148,656
Calls: 108,346 (73%)
Puts: 40,310 (27%)
Current vs Prior +0.67%
Prior 7-Day Total 851,703
Calls: 593,551 (70%)
Puts: 258,152 (30%)
Prior 7-Day Average 121,671
Calls: 84,793 (70%)
Puts: 36,878 (30%)
Current vs Prior 7-Day Avg +22.99%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)Expiry (08/21) | Next (09/18)
Current 5.38% | 18.97%5.38% | 18.97%
Prior 8.20% | 19.77%8.20% | 19.77%
Current vs Prior -34.41% | -4.04%-34.41% | -4.04%
Prior 7-Day Avg 12.27% | 22.36%12.27% | 22.36%
Current vs 7-Day Avg -56.17% | -15.15%-56.17% | -15.15%
Prior 7-Day Eod 8.20% | 19.77%6.84% | 19.23%
Current vs 7-Day Eod -34.41% | -4.04%-21.36% | -1.35%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 74.60% | 10.96%
Calls: 72.73% | 10.81%
Puts: 76.47% | 11.11%
Prior 21.78% | 10.12%
Calls: 17.24% | 6.90%
Puts: 26.32% | 13.33%
Current vs Prior +242.52% | +8.30%
Prior 7-Day Avg 18.52% | 11.09%
Calls: 18.58% | 10.77%
Puts: 18.47% | 11.40%
Current vs 7-Day Avg +302.71% | -1.13%
Liquidity Expensive
+
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🤖 AI Insights

Moderately bullish flow with 70% call dollar volume ($513.7K). Below-average activity with volume down 42% vs prior. Extreme bullish P/C ratio of 0.21 - heavy call buying (2,636 calls vs 565 puts). P/C ratio rising 70% - increased hedging/bearish 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

📈 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 8 of results (avg 7.8%, best 5.1%)

CALLS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$39.00Sep 183.103.30$3.206.2%250.52447
$35.00Sep 185.005.50$5.259.5%10.71197
$37.00Sep 183.904.30$4.109.8%--0.61369
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Sep 187.608.00$7.805.1%170.71510
$37.00Sep 182.502.65$2.585.8%470.393.5K
$43.00Sep 186.006.50$6.258.0%20.641.4K
$44.00Sep 186.707.30$7.008.6%140.68421
$46.00Sep 188.209.00$8.609.3%--0.74326

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. 32 found (avg delta 0.77, highest 0.98)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$35.00Aug 213.004.70$3.8544.2%--0.9540
$34.00Aug 214.006.00$5.0040.0%10.9323
$31.00Aug 217.008.80$7.9022.8%20.895
$32.00Aug 216.007.30$6.6519.5%20.885
$33.00Aug 214.906.80$5.8532.5%10.879
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Aug 216.808.10$7.4517.4%--0.9849
$45.00Aug 215.307.00$6.1527.6%30.98477
$44.00Aug 214.906.00$5.4520.2%20.9768
$43.00Aug 214.005.00$4.5022.2%80.9579
$42.00Aug 213.404.00$3.7016.2%300.91563

Most actively traded options today. High liquidity = easy entry/exit. 45 active (total vol 728, top 201)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Sep 181.301.50$1.4014.3%2010.281.8K
$45.00Aug 210.000.05$0.03166.7%800.021.3K
$39.00Sep 183.103.30$3.206.2%250.52447
$42.00Sep 182.002.30$2.1514.0%180.39296
$40.00Aug 210.200.30$0.2540.0%160.22973
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$38.00Sep 182.953.30$3.1311.2%520.43568
$37.00Sep 182.502.65$2.585.8%470.393.5K
$38.00Aug 210.400.85$0.6371.4%330.41766
$42.00Aug 213.404.00$3.7016.2%300.91563
$37.00Aug 210.150.35$0.2580.0%290.2292

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 9 strikes (avg 27.2%, max 59.3%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$38.00Aug 21Sep 18100.3%78.1%28.4%11168
$40.00Aug 21Sep 1896.1%78.1%23.1%234.1K
$37.00Aug 21Sep 1894.1%76.9%22.5%--419
$39.00Aug 21Sep 1894.4%79.6%18.6%25524
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$36.00Aug 21Sep 18121.3%76.1%59.3%7488
$38.00Aug 21Sep 18100.3%78.1%28.4%851.3K
$40.00Aug 21Sep 1896.1%78.1%23.1%81.3K
$37.00Aug 21Sep 1894.1%76.9%22.5%763.5K
$39.00Aug 21Sep 1894.4%79.6%18.6%31.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 29 found (best R:R 0.54, avg 2.14)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$31.00$32.00Sep 18$0.65$0.35$0.6586%0.54$31.65
$37.00$38.00Sep 18$0.40$0.60$0.4061%1.50$37.40
$44.00$45.00Sep 18$0.15$0.85$0.1531%5.67$44.15
$40.00$41.00Sep 18$0.31$0.69$0.3147%2.23$40.31
$41.00$42.00Sep 18$0.27$0.73$0.2743%2.70$41.27
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$39.00$38.00Aug 21$0.39$0.61$0.3961%1.56$38.61
$42.00$41.00Sep 18$0.60$0.40$0.6060%0.67$41.40
$39.00$38.00Sep 18$0.47$0.53$0.4748%1.13$38.53
$33.00$32.00Sep 18$0.20$0.80$0.2020%4.00$32.80
$36.00$35.00Sep 18$0.35$0.65$0.3534%1.86$35.65

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 18 found (best R:R 1.22, avg 0.48)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$40.00$41.00Aug 21$0.15$0.15$0.8578%0.18$40.15
$39.00$40.00Aug 21$0.27$0.27$0.7361%0.37$39.27
$39.00$40.00Sep 18$0.47$0.47$0.5348%0.89$39.47
$43.00$44.00Sep 18$0.30$0.30$0.7065%0.43$43.30
$42.00$43.00Sep 18$0.30$0.30$0.7061%0.43$42.30
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$38.00$37.00Sep 18$0.55$0.55$0.4557%1.22$37.45
$34.00$33.00Sep 18$0.35$0.35$0.6575%0.54$33.65
$37.00$36.00Sep 18$0.48$0.48$0.5261%0.92$36.52
$38.00$37.00Aug 21$0.38$0.38$0.6259%0.61$37.62
$35.00$34.00Sep 18$0.35$0.35$0.6571%0.54$34.65

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $2.60, cheapest $2.50)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$38.00Aug 21Sep 18$2.65100.3%78.1%
$39.00Aug 21Sep 18$2.6894.4%79.6%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$38.00Aug 21Sep 18$2.50100.3%78.1%
$39.00Aug 21Sep 18$2.5894.4%79.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 16 found (cheapest 4.00% of stock, avg 12.50%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$39.00Aug 21$0.52$1.02$1.54$37.46$40.544.00%
$38.00Aug 21$1.05$0.63$1.68$36.32$39.684.37%
$40.00Aug 21$0.25$1.70$1.95$38.05$41.955.07%
$37.00Aug 21$2.17$0.25$2.42$34.58$39.426.29%
$41.00Aug 21$0.10$2.45$2.55$38.45$43.556.63%
$36.00Aug 21$2.93$0.20$3.13$32.87$39.138.13%
$42.00Aug 21$0.10$3.70$3.80$38.20$45.809.88%
$35.00Aug 21$3.85$0.05$3.90$31.10$38.9010.14%
$37.00Sep 18$4.10$2.58$6.68$30.32$43.6817.36%
$36.00Sep 18$4.65$2.10$6.75$29.25$42.7517.54%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 45 found (cheapest 0.78% of stock, avg 7.60%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$41.00$36.00Aug 21$0.10$0.20$0.30$35.70$41.30
$42.00$36.00Aug 21$0.10$0.20$0.30$35.70$42.30
$41.00$37.00Aug 21$0.10$0.25$0.35$36.65$41.35
$42.00$37.00Aug 21$0.10$0.25$0.35$36.65$42.35
$41.00$32.00Aug 21$0.10$0.38$0.48$31.52$41.48
$40.00$36.00Aug 21$0.25$0.20$0.45$35.55$40.45
$41.00$33.00Aug 21$0.10$0.38$0.48$32.52$41.48
$42.00$32.00Aug 21$0.10$0.38$0.48$31.52$42.48
$42.00$33.00Aug 21$0.10$0.38$0.48$32.52$42.48
$40.00$37.00Aug 21$0.25$0.25$0.50$36.50$40.50

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 11 found (best R:R 1.08, avg credit $0.44)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
33/3445/46Sep 18$0.52$0.4846%1.08$33.48$45.52
34/3545/46Sep 18$0.52$0.4842%1.08$34.48$45.52
33/3444/45Sep 18$0.50$0.5044%1.00$33.50$44.50
31/3245/46Sep 18$0.39$0.6154%0.64$31.61$45.39
35/3640/41Aug 21$0.30$0.7063%0.43$35.70$40.30
35/3645/46Sep 18$0.52$0.4838%1.08$35.48$45.52
34/3544/45Sep 18$0.50$0.5039%1.00$34.50$44.50
31/3244/45Sep 18$0.37$0.6352%0.59$31.63$44.37
32/3345/46Sep 18$0.37$0.6351%0.59$32.63$45.37
35/3644/45Sep 18$0.50$0.5035%1.00$35.50$44.50

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 27 found (best R:R 13.29, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$39.00$40.00$41.00Aug 21$0.12$0.8828%7.33
$34.00$35.00$36.00Sep 18$0.05$0.959%19.00
$38.00$39.00$40.00Aug 21$0.26$0.7437%2.85
$35.00$36.00$37.00Aug 21$0.16$0.8416%5.25
$40.00$41.00$42.00Aug 21$0.15$0.8514%5.67
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$39.00$40.00$41.00Aug 21$0.07$0.9328%13.29
$43.00$44.00$45.00Sep 18$0.05$0.957%19.00
$36.00$37.00$38.00Sep 18$0.07$0.9310%13.29
$39.00$40.00$41.00Sep 18$0.10$0.909%9.00
$38.00$39.00$40.00Aug 21$0.29$0.7137%2.45

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 16 found (best net $-0.34, 13 credits)

CALLS (3)
Buy KSell KRatioExpiryNetMax Gain
$42.00$43.001:2Aug 21$0.00$1.00
$41.00$42.001:2Aug 21-$0.10$0.90
$37.00$38.001:2Aug 21$0.07$0.93
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$40.00$39.001:2Aug 21-$0.34$0.66
$39.00$38.001:2Aug 21-$0.24$0.76
$37.00$36.001:2Aug 21-$0.15$0.85
$41.00$40.001:2Aug 21-$0.95$0.05
$35.00$34.001:2Aug 21-$0.15$0.85

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 10 found (best yield 5.20%, avg 4.12%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$42.00Sep 18$2.000.399.2%5.20%14.35%18296
$39.00Sep 18$3.100.521.4%8.06%9.41%25447
$41.00Sep 18$2.250.436.5%5.85%12.40%370
$43.00Sep 18$1.700.3511.8%4.42%16.16%1704
$40.00Sep 18$2.500.474.0%6.50%10.45%73.1K
$45.00Sep 18$1.300.2816.9%3.38%20.32%2011.8K
$44.00Sep 18$1.350.3114.3%3.51%17.85%4344
$46.00Sep 18$1.100.2619.5%2.86%22.40%2884
$39.00Aug 21$0.350.391.4%0.91%2.26%--77
$40.00Aug 21$0.200.224.0%0.52%4.47%16973

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 2,636
Total Puts 565
Put/Call Ratio 0.21
Net Difference 2,071

Prior's Put/Call Breakdown

Total Calls 4,888
Total Puts 617
Put/Call Ratio 0.13
Net Difference 4,271

Prior 7-Day Put/Call Summary

Total Calls 31,814
Total Puts 4,433
Average Put/Call Ratio 0.20
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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