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Why Viavi Solutions Stock is a Great Buy for Options Bulls

By Schaeffer's Digital Content Team | May 15, 2026, 12:45 PM

Subscribers to Schaeffer's Weekend Trader options recommendation service received this VIAV commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.

Viavi Solutions Inc (NASDAQ:VIAV) gapped higher after its third-quarter earnings report on April 30, and has since pulled back to the $50 floor. With short interest at an all-time high, representing 6.4% of the stock’s available float, now looks like a good time to weigh in.
 
The stock has strong momentum, with underlying support at the 20-day moving average. Furthermore, there is a big chunk of calls expiring at the overhead 55 strike this Friday, while the stock’s implied volatility (IV) is in line with 63-day historical volatility (HV).

 

 
Our recommended call has a leverage ratio of 2.7 and will double on a 44.1% rise in the underlying equity.

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