Call/Put Ratio Very High; High Volume Provides Reliable Clue That Stock Will Make A Move

I found this great tool by AVAFIN which shows the ratio between calls and outs traded. For example for CIEN, which rose +8.30% yesterday:

"In yesterday's trading session, a new 90-day call record for traded contracts was established. There were 3.3 calls traded for every put contract yielding a 0.30 put/call ratio.

Put/Call ratio can be regarded as a predictor of investment sentiment, indicating what experienced investors are doing in preparation for a move of an underlying equity. A high put/call ratio suggests that the investor sentiment is bearish and that investors are expecting the underlying stock price to decrease. On the other hand, a low put/call ratio implies that the investor sentiment is bullish and that investors are expecting the underlying stock price to increase. Thus, unusual volume provides reliable clues that the stock is expected to make a move".

In general, the calls/puts ratios were pretty high.