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.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CSCO:
- Cisco price target raised to $55 from $53 at JPMorgan
- Cisco call volume above normal and directionally bullish
- Datadog upgraded to Buy at BTIG following strong checks
- DA Davidson technology analysts hold an analyst/industry conference call
- Needham security analysts hold an analyst/industry conference call