Mixed options sentiment in Cisco with shares down 0.33%

Mixed options sentiment in Cisco (CSCO), with shares down 26c near $78.16. Options volume roughly in line with average with 51k contracts traded and calls leading puts for a put/call ratio of 0.77, compared to a typical level near 0.64. Implied volatility (IV30) dropped 1.28 near 18.8,in the bottom quartile of the past year, suggesting an expected daily move of $0.93. Put-call skew flattened, suggesting a modestly bullish tone.