NEW YORK (Market Intellisearch) -- CIEN options saw interesting call activity today. A total of 1,330 put and 13,372 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.10. There were 10.05 calls traded for each put contract.
Unusual volume provides reliable clues that the stock is expected to make a move.
Investors can use the Put/Call ratio statistics to measure trader sentiment.
A high Put/Call ratio suggests that the overall investment sentiment is bearish and that
investors expect the underlying stock to decrease in value. Conversely, a low Put/Call
ratio implies that the overall investor sentiment is bullish based on the large amount
of call options.
CIENA Corp. closed at $12.29 in the last trading session and opened today at $12.49.
The stock price rose $0.66 (+5.37%) to $12.95 in today's trading session.
CIEN is trading between the range of $12.42 - $13.00.
Volume is 3,971,508 in relation to the three month average volume of 6,518,320 shares.
CIEN is trading below the 50 day moving average and lower
than the 200 day moving average. The stock's 52 week low is $10.11 and 52 week high is $19.48.
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