NEW YORK (Market Intellisearch) -- CIEN options saw interesting call activity today. A total of 3,225 put and 12,450 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.26. There were 3.86 calls traded for each put contract.
The skewed options ratio suggests that traders are rebalancing their portfolios in anticipation of a price shift. Today’s unusual volume activity directly reflects investor outlook and confirms that a stock move is imminent.
Shares of CIENA Corp. closed at $13.90 in the previous trading session and opened today at $14.02.
CIEN is currently trading at $13.47, down $0.43 (-3.09%) in today's trading session.
The shares of the stock are trading between $13.41 and $14.13.
Today's volume of 4,712,820 shares is less than the average volume of 6,342,360 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 $10.53 and 52 week high is $19.48.
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