Mixed options sentiment in Cisco (CSCO), with shares up 14c, or 0.21%, near $68.53. Options volume relatively light with 25k contracts traded and calls leading puts for a put/call ratio of 0.29, compared to a typical level near 0.63. Implied volatility (IV30) dropped 0.47 near 18.27,and below the 52wk median, suggesting an expected daily move of $0.79. Put-call skew steepened, indicating increased demand for downside protection.
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