LEAN BEARISH
Whales showing caution on CIEN. Distribution signals outweigh accumulation. Insiders are net buyers (439,676 shares bought vs 243,232 sold) — bullish conviction from management. Strong institutional ownership at 104.5% with 5 of 10 top holders actively accumulating this quarter.
Action Plan
- Avoid new long positions until whale activity shifts
- Consider trimming if position size is large
- Set alerts for insider buying or SI decrease as reversal signals
📈 Options Flow 期权异动
Unusual options volume vs open interest. High volume/OI ratio signals whale positioning. Put/Call ratio indicates directional bias.
PUT / CALL RATIO
0 (Bullish)1.02.0+ (Bearish)
1.52
BEARISH
Unusual Strikes — Vol/OI > 3x (3C / 7P)
PUT$3352026-06-051421142.0x
PUT$5422026-05-1514114.0x
CALL$4352026-05-2914114.0x
PUT$2402026-05-2256511.2x
PUT$3002026-05-29919.0x
CALL$6902026-06-182947.2x
CALL$5502026-06-121326.5x
PUT$5802026-06-185796.3x
PUT$4602026-06-054175.9x
PUT$4902026-05-222254.4x
High Volume Contracts — Vol > 500 (1 contracts)
- Put/Call volume ratio: 1.52 (bearish)
- Total options volume: 7,147 (calls 2,839 / puts 4,308)
- Top unusual: PUT $335.0 exp 2026-06-05 — vol/OI 142.0x
- 19 unusual strikes detected (8C / 11P)
👤 Insider Trading 内部交易
SEC Form 4 filings — officer and director buys/sells in the last 90 days. Net buying is a strong bullish signal.
SHARES BOUGHT (6m)
439,676
Recent Insider Transactions (0 buys / 9 sells / 1 grants)
SELLSMITH GARY BRIAN2,9522026-05-01
SELLDIPERNA DINO2,8292026-04-15
SELLROTHENSTEIN DAVID M.2,5002026-04-15
SELLGAGE BRODIE1,2002026-04-15
SELLSMITH GARY BRIAN2,9522026-04-15
SELLPHIPPS JASON22,0142026-04-01
SELLKOSARAJU SHEELA2,0122026-04-01
SELLSMITH GARY BRIAN2,9522026-04-01
SELLCUMELLO JOSEPH RONALD1,7732026-03-27
GRANTKUMAR DEVINDER6052026-03-26
- Insider buying: 439,676 shares
- Insider selling: 243,232 shares
- 31 Form 4 filings in last 90 days
- Net insider BUYING — bullish signal
🏦 Smart Money Flow 机构资金流向
Quarter-over-quarter position changes from 13F filings. Shows whether institutional investors are accumulating (buying more) or distributing (selling) — the strongest signal of whale conviction.
INSTITUTIONAL OWNERSHIP
104.5%
ACCUMULATION vs DISTRIBUTION
50% ACCUMULATING
50% DISTRIBUTING
Institutional Position Changes (QoQ)
▲▲ HEAVY BUYPrice (T.Rowe) Associates Inc2.87%+53.0%+1,404,196
▲▲ HEAVY BUYArrowstreet Capital, Limited Partnership1.58%+95.5%+1,092,966
▲ ADDINGBlackrock Inc.11.79%+6.9%+1,072,993
▲ ADDINGState Street Corporation3.61%+17.2%+750,303
▲ ADDINGGeode Capital Management, LLC1.90%+5.7%+145,885
▬ HOLDCapital World Investors1.32%+1.7%+31,962
▬ HOLDFMR, LLC14.94%-0.1%-29,620
▬ HOLDVanguard Group Inc10.17%-4.6%-691,630
▼ TRIMMINGJPMORGAN CHASE & CO7.68%-16.0%-2,061,694
▼▼ HEAVY SELLBank of America Corporation1.53%-30.9%-966,986
ETF & Mutual Fund Flow (1 adding / 0 selling)
▬ HOLDFidelity Mt. Vernon Street Trust-Fidelity Gro+0.3%+18,433
▬ HOLDVANGUARD INDEX FUNDS-Vanguard Total Stock Mar-0.3%-13,343
▬ HOLDVANGUARD INDEX FUNDS-Vanguard Small-Cap Index-4.5%-149,768
★ NEW POSIJPMorgan Trust II-JPMorgan Large Cap Growth FNEW+1,439,088
▬ HOLDFidelity Mt. Vernon Street Trust-Fidelity Gro-0.5%-9,520
▬ HOLDVANGUARD INDEX FUNDS-Vanguard Small-Cap Growt-3.7%-69,191
▬ HOLDiShares Trust-iShares Core S&P 500 ETF+0.7%+12,406
▬ HOLDFidelity Concord Street Trust-Fidelity 500 In+0.2%+3,769
▬ HOLDFidelity Mt. Vernon Street Trust-Fidelity Ser+0.3%+4,935
▬ HOLDSPDR S&P 500 ETF TRUST-State Street SPDR S&P -2.0%-32,931
- Institutional ownership: 104.5%
- Smart money flow: 5 adding / 2 selling / 3 hold
- Net shares added by institutions: +748,375
- Biggest mover: JPMORGAN CHASE & CO sold 2,061,694 shares (-16.0%)
🕶 Short Interest & Dark Pool 做空 & 暗池
Short interest as % of float and days-to-cover. Rising SI = bearish pressure. High SI + decreasing = shorts covering (bullish). Squeeze risk rated by SI level.
SHORT INTEREST (% OF FLOAT)
0%10%20%30%+
- Short interest: 5.2% of float
- Days to cover: 1.4
- Short interest MoM: ↓ 7.0%
- Squeeze risk: LOW