TRU-SENTIMENT · DeltaNeutral
VIAV Trading Analysis - 09/11/2026 02:03 PM — TRU-SENTIMENT
Options chain · Stock chart · Baseline chart
VIAV (Viavi Solutions Inc. Common Stock) at $39.06. True Sentiment Bullish, delta 40-60 call 100% / put 0%, call $1,611,230 vs put $3,465. RSI 50.5.
- Symbol
- VIAV
- Price
- $39.06
- Article bias (separate from True Sentiment)
- bullish
- Conviction
- medium
- Published
- 2026-09-11 14:03:00 ET
- Author
- DeltaNeutral staff
TRUE SENTIMENT ANALYSIS (DELTA 40-60 OPTIONS)
True Sentiment Analysis (Delta 40-60 Options):
- Overall Sentiment: Bullish.
- Call vs Put: Call dollar volume: $161,123, Put dollar volume: $3,465. The call-put ratio strongly favors calls, indicating bullish sentiment.
- Conviction: The high call-put ratio suggests strong bullish conviction among options traders.
The true sentiment analysis indicates a bullish outlook, with a strong call-put ratio. This suggests that options traders expect the stock price to increase.
Key Statistics: VIAV
Fundamental Snapshot
Valuation
| P/E (Trailing) | -287.69 |
| P/E (Forward) | N/A |
| PEG Ratio | N/A |
| Price/Book | 5.93 |
Profitability
| EPS (Trailing) | $-0.13 |
| EPS (Forward) | N/A |
| ROE | -2.10% |
| Net Margin | -2.00% |
Financial Health
| Revenue (TTM) | $1.52B |
| Debt/Equity | 0.87 |
| Free Cash Flow | N/A |
| Rev Growth | N/A |
Analyst Consensus
📈 Analysis
News Headlines & Context:
Recent news headlines for VIAV include:
- VIAV reported its quarterly earnings on August 8, 2024, with a revenue of $151.83 million, slightly beating analyst estimates.
- The company announced a partnership with a major telecom provider to enhance network performance and security.
- VIAV's stock has been under pressure due to concerns over global economic growth and its impact on the tech sector.
These headlines suggest that VIAV is experiencing a mix of positive and negative influences. The earnings report was relatively strong, but broader market concerns are affecting the stock price. The partnership announcement could be a positive catalyst, but its impact may be limited by the current market sentiment.
Fundamental Analysis:
Based on the provided fundamentals data:
- Revenue Growth: Not explicitly provided, but the recent quarterly revenue was $151.83 million.
- Profit Margins: Gross margin: 57.66%, Operating margin: 6.92%, Net margin: -2.00%.
- Earnings Per Share (EPS): Trailing EPS: -$0.13.
- P/E Ratio: Trailing P/E: -287.69, indicating a potentially undervalued or loss-making company.
- Valuation: Price-to-Book ratio: 5.92, Debt-to-Equity ratio: 0.87, suggesting moderate leverage.
- Key Strengths/Concerns: Strengths include stable revenue and improving margins. Concerns include negative EPS and high debt levels.
Fundamentals show mixed signals. While revenue and margins are stable, negative EPS and high debt levels are concerns. The P/E ratio suggests that the stock might be undervalued if the company returns to profitability.
Current Market Position:
- Current Price: $39.06.
- Recent Price Action: The stock has shown a recent uptrend, with the price moving above the 50-day SMA.
- Support and Resistance: Key support levels at $38.00, $37.00; resistance levels at $40.00, $41.00.
The stock is currently trading near its 50-day SMA, with a short-term bullish trend. However, the long-term trend remains uncertain.
Technical Analysis:
- SMA Trends: 5-day SMA: 38.85, 20-day SMA: 38.21, 50-day SMA: 39.10. The stock is trading near the 50-day SMA, indicating a neutral trend.
- RSI: 50.45, indicating neutral momentum.
- MACD: MACD: -0.80, Signal: -0.64, Histogram: -0.16. The MACD shows a bearish signal, but the histogram is narrowing.
- Bollinger Bands: Middle: 38.21, Upper: 44.09, Lower: 32.33. The stock is trading near the middle band, indicating no clear direction.
- 30-day High/Low: High: 46.66, Low: 32.80. The stock is trading in the upper half of the range.
Technical indicators show a neutral to slightly bearish trend. The RSI is neutral, while the MACD shows a bearish signal. The Bollinger Bands indicate no clear direction.
True Sentiment Analysis (Delta 40-60 Options):
- Overall Sentiment: Bullish.
- Call vs Put: Call dollar volume: $161,123, Put dollar volume: $3,465. The call-put ratio strongly favors calls, indicating bullish sentiment.
- Conviction: The high call-put ratio suggests strong bullish conviction among options traders.
The true sentiment analysis indicates a bullish outlook, with a strong call-put ratio. This suggests that options traders expect the stock price to increase.
Key Price Levels:
- Support: $38.00, $37.00.
- Resistance: $40.00, $41.00.
- Entry/Target/Stop: Not provided.
25-Day Price Forecast:
Based on current trends and indicators, VIAV is projected for $40.50 to $42.20.
This forecast is based on the current SMA trends, RSI momentum, MACD signals, and recent volatility (ATR). The stock is expected to trade within a narrow range, with a slight upward bias.
Defined Risk Strategy Recommendations:
Based on the price forecast, we recommend the following defined risk strategies:
1. Bull Call Spread: Buy 39.0 call, sell 41.0 call. This spread benefits from a price increase to $41.00.
2. Iron Condor: Buy 37.0 put, sell 39.0 put, buy 41.0 call, sell 43.0 call. This condor benefits from a stable price range.
3. Protective Put: Buy 38.0 put. This put provides protection against a price decline.
These strategies align with the projected price range and provide defined risk exposure.
Risk Factors:
- Technical Weakness: The MACD shows a bearish signal, indicating potential weakness.
- Sentiment Divergence: The bullish sentiment may diverge from the technical indicators, leading to a correction.
- Volatility: The ATR indicates moderate volatility, which could impact the stock price.
Summary & Conviction Level:
Overall bias: Bullish.
Conviction level: Medium.
One-line trade idea: VIAV shows a bullish outlook with a strong call-put ratio and stable fundamentals.