Mixed options sentiment in Cisco (CSCO), with shares down 61c near $62.75.Options volume relatively light with 15k contracts traded and calls leading puts for a put/call ratio of 0.65, compared to a typical level near 0.72. Implied volatility (IV30) dropped 0.13 near 18.86,and below the 52wk median, suggesting an expected daily move of $0.75. Put-call skew steepened, indicating increased demand for downside protection. following a downgrade to Neutral at New Street.
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