Mixed options sentiment in Cisco (CSCO), with shares up $1.00, or 1.29%, near $78.38. Options volume running well above average with 86k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 0.48. Implied volatility (IV30) dropped 2.51 near 22.68,and above the 52wk median, suggesting an expected daily move of $1.12. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Erste Group.
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