Tour v526
VIAV
VIAVI SOLUTIONS INC
$38.81 +0.64%
8/21 15:07

Option Volume

Detail
Current (08/21 3:05pm) 3,315
Calls: 2,356 (71%)
Puts: 959 (29%)
Prior (08/20) 3,201
Calls: 2,636 (82%)
Puts: 565 (18%)
Current vs Prior +3.56%
Calls: -10.62% (Calls)
Puts: +69.73% (Puts)
Prior 7-Day Total 35,075
Calls: 30,672 (87%)
Puts: 4,403 (13%)
Prior 7-Day Average 5,010
Calls: 4,381 (87%)
Puts: 629 (13%)
Current vs Prior 7-Day Avg -33.84%
Calls: -46.23%
Puts: +52.46%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/21 3:05pm) $805.7K
Calls: $612.1K (76%)
Puts: $193.6K (24%)
Prior (08/20) $739.1K
Calls: $513.7K (70%)
Puts: $225.4K (30%)
Current vs Prior +9.01%
Calls: +19.15%
Puts: -14.10%
Prior 7-Day Total $7.90M
Calls: $6.58M (83%)
Puts: $1.32M (17%)
Prior 7-Day Average $1.13M
Calls: $939.8K (83%)
Puts: $188.3K (17%)
Current vs Prior 7-Day Avg -28.57%
Calls: -34.87%
Puts: +2.86%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/21 3:05pm) 0.41
Prior (08/20) 0.21
Current vs Prior +89.91%
Prior 7-Day Average 0.21
Current vs Prior 7-Day Avg +98.11%
Sentiment BULLISH

Open Interest

Detail
Current (08/21 3:05pm) 150,564
Calls: 110,677 (74%)
Puts: 39,887 (26%)
Prior (08/20) 149,646
Calls: 109,406 (73%)
Puts: 40,240 (27%)
Current vs Prior +0.61%
Prior 7-Day Total 886,665
Calls: 623,888 (70%)
Puts: 262,777 (30%)
Prior 7-Day Average 126,666
Calls: 89,126 (70%)
Puts: 37,539 (30%)
Current vs Prior 7-Day Avg +18.87%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (09/18)Expiry (08/21) | Next (09/18)
Current 2.65% | 18.42%2.65% | 18.42%
Prior 6.95% | 19.61%6.95% | 19.61%
Current vs Prior -61.79% | -6.03%-61.79% | -6.03%
Prior 7-Day Avg 10.83% | 21.36%10.83% | 21.36%
Current vs 7-Day Avg -75.50% | -13.74%-75.50% | -13.74%
Prior 7-Day Eod 6.95% | 19.61%5.37% | 18.93%
Current vs 7-Day Eod -61.79% | -6.03%-50.56% | -2.69%
Sentiment BULLISHBULLISH

Relative Spread

Detail
Expiry | Next
Current 142.19% | 15.36%
Calls: 234.38% | 16.22%
Puts: 50.00% | 14.49%
Prior 19.24% | 11.92%
Calls: 23.15% | 14.08%
Puts: 15.34% | 9.76%
Current vs Prior +639.03% | +28.86%
Prior 7-Day Avg 19.40% | 11.99%
Calls: 20.21% | 11.98%
Puts: 18.59% | 11.99%
Current vs 7-Day Avg +632.99% | +28.14%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 76% of dollar volume in calls ($612.1K) vs puts ($193.6K). Extreme bullish P/C ratio of 0.41 - heavy call buying (2,356 calls vs 959 puts). P/C ratio rising 90% - increased hedging/bearish positioning. Call-heavy open interest (110,677 calls vs 39,887 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

📈 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 9 of results (avg 7.1%, best 4.8%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$39.00Sep 183.203.40$3.306.1%80.53463
$35.00Sep 185.205.60$5.407.4%200.72197
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Sep 188.108.50$8.304.8%--0.75326
$35.00Sep 181.501.60$1.556.5%290.281.3K
$45.00Sep 187.307.80$7.556.6%430.71499
$44.00Sep 186.507.00$6.757.4%400.68412
$42.00Sep 185.105.50$5.307.5%40.61227

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. 1 found (avg $0.98, cheapest $0.98)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$33.00Sep 180.901.05$0.9815.3%4840.19260

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 28 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$34.00Aug 213.505.00$4.2535.3%--1.0023
$35.00Aug 213.403.90$3.6513.7%61.0040
$37.00Aug 210.702.25$1.48104.7%10.9050
$33.00Aug 214.506.00$5.2528.6%--0.8710
$36.00Aug 211.202.95$2.0884.1%--0.8414
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Aug 216.007.40$6.7020.9%--0.9847
$44.00Aug 214.706.90$5.8037.9%--0.9735
$43.00Aug 213.905.70$4.8037.5%30.9771
$41.00Aug 211.953.50$2.7356.8%20.9293
$40.00Aug 211.151.50$1.3326.3%130.89493

Most actively traded options today. High liquidity = easy entry/exit. 43 active (total vol 1.2K, top 484)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Sep 181.301.45$1.3810.9%720.291.8K
$40.00Sep 182.703.00$2.8510.5%490.483.1K
$40.00Aug 210.000.10$0.05200.0%400.11975
$43.00Sep 181.602.00$1.8022.2%290.35705
$41.00Aug 210.000.10$0.05200.0%230.0881
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$33.00Sep 180.901.05$0.9815.3%4840.19260
$32.00Sep 180.650.80$0.7320.5%1030.15554
$38.00Aug 210.050.10$0.0862.5%620.17767
$45.00Sep 187.307.80$7.556.6%430.71499
$44.00Sep 186.507.00$6.757.4%400.68412

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 8 strikes (avg 490.7%, max 944.3%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$42.00Aug 21Sep 18793.4%76.0%944.3%12424
$36.00Aug 21Sep 18671.3%76.0%783.7%--351
$38.00Aug 21Sep 18187.2%77.5%141.5%33168
$39.00Aug 21Sep 18154.6%79.9%93.4%12540
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$42.00Aug 21Sep 18793.4%76.0%944.3%7768
$36.00Aug 21Sep 18671.3%76.0%783.7%5487
$38.00Aug 21Sep 18187.2%77.5%141.5%711.3K
$39.00Aug 21Sep 18154.6%79.9%93.4%191.1K

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 32 found (best R:R 0.67, avg 1.82)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$34.00$35.00Aug 21$0.60$0.40$0.60100%0.67$34.60
$32.00$33.00Sep 18$0.55$0.45$0.5584%0.82$32.55
$36.00$37.00Aug 21$0.60$0.40$0.6084%0.67$36.60
$34.00$35.00Sep 18$0.50$0.50$0.5076%1.00$34.50
$42.00$43.00Sep 18$0.20$0.80$0.2039%4.00$42.20
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$42.00$41.00Aug 21$0.52$0.48$0.5280%0.92$41.48
$44.00$43.00Sep 18$0.65$0.35$0.6568%0.54$43.35
$35.00$34.00Sep 18$0.25$0.75$0.2528%3.00$34.75
$39.00$38.00Aug 21$0.32$0.68$0.3262%2.12$38.68
$40.00$39.00Sep 18$0.50$0.50$0.5051%1.00$39.50

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 16 found (best R:R 0.54, avg 0.51)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$42.00$43.00Aug 21$0.35$0.35$0.6580%0.54$42.35
$40.00$41.00Sep 18$0.47$0.47$0.5352%0.89$40.47
$39.00$40.00Aug 21$0.13$0.13$0.8762%0.15$39.13
$41.00$42.00Sep 18$0.38$0.38$0.6256%0.61$41.38
$45.00$46.00Sep 18$0.23$0.23$0.7771%0.30$45.23
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$36.00$35.00Aug 21$0.22$0.22$0.7884%0.28$35.78
$37.00$36.00Sep 18$0.50$0.50$0.5063%1.00$36.50
$34.00$33.00Sep 18$0.32$0.32$0.6876%0.47$33.68
$36.00$35.00Sep 18$0.40$0.40$0.6068%0.67$35.60
$33.00$32.00Sep 18$0.25$0.25$0.7581%0.33$32.75

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $3.08, cheapest $3.05)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$39.00Aug 21Sep 18$3.12154.6%79.9%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$39.00Aug 21Sep 18$3.05154.6%79.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 16 found (cheapest 1.49% of stock, avg 11.50%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$39.00Aug 21$0.18$0.40$0.58$38.42$39.581.49%
$38.00Aug 21$0.63$0.08$0.71$37.29$38.711.83%
$40.00Aug 21$0.05$1.33$1.38$38.62$41.383.56%
$37.00Aug 21$1.48$0.08$1.56$35.44$38.564.02%
$36.00Aug 21$2.08$0.25$2.33$33.67$38.336.00%
$41.00Aug 21$0.05$2.73$2.78$38.22$43.787.16%
$42.00Aug 21$0.38$3.25$3.63$38.37$45.639.35%
$35.00Aug 21$3.65$0.03$3.68$31.32$38.689.48%
$37.00Sep 18$4.15$2.45$6.60$30.40$43.6017.01%
$38.00Sep 18$3.70$2.93$6.63$31.37$44.6317.08%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 45 found (cheapest 0.33% of stock, avg 7.01%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$40.00$37.00Aug 21$0.05$0.08$0.13$36.87$40.13
$41.00$37.00Aug 21$0.05$0.08$0.13$36.87$41.13
$40.00$38.00Aug 21$0.05$0.08$0.13$37.87$40.13
$41.00$38.00Aug 21$0.05$0.08$0.13$37.87$41.13
$40.00$36.00Aug 21$0.05$0.25$0.30$35.70$40.30
$41.00$36.00Aug 21$0.05$0.25$0.30$35.70$41.30
$39.00$38.00Aug 21$0.18$0.08$0.26$37.74$39.26
$39.00$37.00Aug 21$0.18$0.08$0.26$36.74$39.26
$40.00$32.00Aug 21$0.05$0.38$0.43$31.57$40.43
$40.00$33.00Aug 21$0.05$0.38$0.43$32.57$40.43

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 9 found (best R:R 1.33, avg credit $0.50)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
35/3642/43Aug 21$0.57$0.4364%1.33$35.43$42.57
33/3445/46Sep 18$0.55$0.4548%1.22$33.45$45.55
35/3645/46Sep 18$0.63$0.3739%1.70$35.37$45.63
32/3345/46Sep 18$0.48$0.5252%0.92$32.52$45.48
33/3444/45Sep 18$0.47$0.5345%0.89$33.53$44.47
34/3545/46Sep 18$0.48$0.5244%0.92$34.52$45.48
35/3644/45Sep 18$0.55$0.4536%1.22$35.45$44.55
32/3344/45Sep 18$0.40$0.6049%0.67$32.60$44.40
34/3544/45Sep 18$0.40$0.6041%0.67$34.60$44.40

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 25 found (best R:R 2.12, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$38.00$39.00$40.00Aug 21$0.32$0.6873%2.12
$39.00$40.00$41.00Aug 21$0.13$0.8730%6.69
$35.00$36.00$37.00Sep 18$0.05$0.9510%19.00
$37.00$38.00$39.00Aug 21$0.40$0.6052%1.50
$40.00$41.00$42.00Sep 18$0.09$0.9110%10.11
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$37.00$38.00$39.00Aug 21$0.32$0.6852%2.12
$32.00$33.00$34.00Sep 18$0.07$0.938%13.29
$38.00$39.00$40.00Aug 21$0.61$0.3972%0.64
$35.00$36.00$37.00Sep 18$0.10$0.9010%9.00
$34.00$35.00$36.00Sep 18$0.15$0.859%5.67

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 $-0.51, 11 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$35.00$36.001:2Aug 21-$0.51$0.49
$40.00$41.001:2Aug 21-$0.05$0.95
$36.00$37.001:2Aug 21-$0.88$0.12
$41.00$42.001:2Aug 21-$0.71$0.29
$45.00$46.001:2Sep 18-$0.92$0.08
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$38.00$37.001:2Aug 21-$0.08$0.92
$33.00$32.001:2Aug 21-$0.38$0.62
$37.00$36.001:2Aug 21-$0.42$0.58
$33.00$32.001:2Sep 18-$0.48$0.52
$34.00$33.001:2Sep 18-$0.66$0.34

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 8 found (best yield 8.25%, avg 4.85%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$39.00Sep 18$3.200.530.5%8.25%8.73%8463
$40.00Sep 18$2.700.483.1%6.96%10.02%493.1K
$45.00Sep 18$1.300.2915.9%3.35%19.30%721.8K
$43.00Sep 18$1.600.3510.8%4.12%14.92%29705
$41.00Sep 18$2.100.445.6%5.41%11.05%572
$42.00Sep 18$1.800.398.2%4.64%12.86%12305
$44.00Sep 18$1.350.3213.4%3.48%16.85%12346
$46.00Sep 18$1.000.2518.5%2.58%21.10%17883

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 2,356
Total Puts 959
Put/Call Ratio 0.41
Net Difference 1,397

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 30,672
Total Puts 4,403
Average Put/Call Ratio 0.21
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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