NEUTRAL — WATCH
No clear whale direction for CIEN. Bullish and bearish signals roughly cancel out. Insiders are net buyers (439,676 shares bought vs 231,339 sold) — bullish conviction from management. Strong institutional ownership at 98.4% with 6 of 10 top holders actively accumulating this quarter.
Action Plan
- Hold existing positions — no strong directional signal
- Wait for clearer whale activity before adding
- Monitor next earnings for institutional positioning changes
📈 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)
1.33
BEARISH
Unusual Strikes — Vol/OI > 3x (0C / 1P)
PUT$2402026-05-2256511.2x
High Volume Contracts — Vol > 500 (3 contracts)
PUT$5052026-05-22713
CALL$5882026-05-22633
PUT$602026-06-18604
- Put/Call volume ratio: 1.33 (bearish)
- Total options volume: 12,249 (calls 5,264 / puts 6,985)
- Top unusual: PUT $240.0 exp 2026-05-22 — vol/OI 11.2x
👤 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
SELLSMITH GARY BRIAN2,9522026-04-15
SELLROTHENSTEIN DAVID M.2,5002026-04-15
SELLGAGE BRODIE1,2002026-04-15
SELLDIPERNA DINO2,8292026-04-15
SELLSMITH GARY BRIAN2,9522026-04-01
SELLKOSARAJU SHEELA2,0122026-04-01
SELLPHIPPS JASON22,0142026-04-01
SELLCUMELLO JOSEPH RONALD1,7732026-03-27
GRANTOLSEN JOANNE BETH6052026-03-26
- Insider buying: 439,676 shares
- Insider selling: 231,339 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
98.4%
ACCUMULATION vs DISTRIBUTION
60% ACCUMULATING
40% DISTRIBUTING
NET SHARES FLOW
+7,014,781
Institutional Position Changes (QoQ)
★ NEW POSITIONVanguard Capital Management LLC6.48%NEW+4,584,677
★ NEW POSITIONVanguard Portfolio Management LLC5.21%NEW+3,684,562
★ NEW POSITIONCapital Research Global Investors1.94%NEW+1,375,025
▲▲ HEAVY BUYPrice (T.Rowe) Associates Inc2.87%+53.0%+1,404,196
▲ ADDINGState Street Corporation3.61%+17.2%+750,303
▲ ADDINGGeode Capital Management, LLC1.90%+5.7%+145,885
▬ HOLDFMR, LLC14.94%-0.1%-29,620
▼ TRIMMINGJPMORGAN CHASE & CO7.23%-5.9%-637,739
▼ TRIMMINGBlackrock Inc.9.46%-19.8%-3,295,522
▼▼ 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 +3.0%+49,722
- Institutional ownership: 98.4%
- Smart money flow: 6 adding / 3 selling / 1 hold
- Net shares added by institutions: +7,014,781
- Biggest mover: Vanguard Capital Management LLC added 4,584,677 shares (+100.0%)
🕶 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: 4.9% of float
- Days to cover: 1.7
- Short interest MoM: ↓ 27.0%
- Squeeze risk: MINIMAL