Significant Tuesday Options Trends: CIEN, SLS, CR

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Among the underlying components of the Russell 3000 index, Ciena Corp (Symbol: CIEN) reported significant options trading activity today, with 14,348 contracts exchanged, equating to approximately 1.4 million underlying shares. This volume represents 54.9% of CIEN’s average daily trading volume of 2.6 million shares over the past month. Notably, the $550 strike call option set to expire on May 1, 2026, saw 885 contracts traded, translating to about 88,500 underlying shares.

SELLAS Life Sciences Group Inc (Symbol: SLS) also experienced notable options trading, with 28,146 contracts traded today, representing around 2.8 million underlying shares—54.9% of SLS’s average daily trading volume of 5.1 million shares. The $2 strike call option expiring on September 18, 2026, accounted for 10,011 contracts, equivalent to approximately 1 million underlying shares.

Crane Co (Symbol: CR) observed 2,834 options contracts, amounting to about 283,400 underlying shares, or 53.8% of its average daily trading volume of 527,250 shares. A significant portion of this was attributed to the $185 strike call option expiring on June 18, 2026, which saw 1,209 contracts traded, corresponding to approximately 120,900 underlying shares.

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