Cisco put volume heavy and directionally bearish
The Fly

Cisco put volume heavy and directionally bearish

Bearish flow noted in Cisco with 12,304 puts trading, or 1.8x expected. Most active are 8/9 weekly 45.5 puts and 8/9 weekly 43.5 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 1.55, while ATM IV is up over 2 points on the day. Earnings are expected on August 14th.

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