Mixed options sentiment in Cisco (CSCO), with shares up 38c, or 0.49%, near $78.94. Options volume roughly in line with average with 60k contracts traded and calls leading puts for a put/call ratio of 0.39, compared to a typical level near 0.59. Implied volatility (IV30) dropped 1.43 near 22.95,and above the 52wk median, suggesting an expected daily move of $1.14. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Hold at Erste Group.
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