Mixed options sentiment in Cisco (CSCO), with shares down 23c near $76.09. Options volume relatively light with 39k contracts traded and calls leading puts for a put/call ratio of 0.5, compared to a typical level near 0.52. Implied volatility (IV30) dropped 1.65 near 20.64,and below the 52wk median, suggesting an expected daily move of $0.99. Put-call skew steepened, indicating increased demand for downside protection.
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