270 CIEN Jul29 21 went up in 1 large block on the PHLX.?

CIEN

Shares of Ciena Corp (CIEN) are up .62 to 20.11 today. ??CIEN is near the middle of the 52 week range.

  • Paper traded 270 CIEN Jul29 21 calls for .32.?
  • The ADV is 4024 per day.?
  • The OI is 10 contracts.

The volume went up in 1 large block on the PHLX.? Total volume is over 5k on the strike as a group of orders flooded the market causing a ?cross market?, bid higher than the offer, for a short period of time. Range of option prices are .25-.50 as IV jumps 12 points in the term.? Social media reporting takeout rumors with 18.6k calls trade on 19.2k total contracts.

  • IV 30 is trading 37%.?
  • HV10 is trading for 32%.?
  • IV 30 is trading above the HV 10.

Ciena Corporation is a network specialist that focuses on providing communications networking solutions. The Company operates through four segments: Converged Packet Optical, Packet Networking, Optical Transport, and Software and Services.