Exemplary embodiments of the invention relates to an optical transceiver module having a diagnostic assembly, wherein the diagnostic assembly is configured to visually display the operational status of the transceiver transmitter and receiver components while optically transmitting diagnostic information. The transceiver operational status is accessible while the transceiver operates in conjunction with an external host and may be ascertained in real time without interrupting normal transceiver operation or suspending the transmission of data over optical fibers.