Mixed options sentiment in Cisco (CSCO), with shares up $2.38, or 2.95%, near $83.06. Options volume roughly in line with average with 52k contracts traded and puts leading calls for a put/call ratio of 1.08, compared to a typical level near 0.78. Implied volatility (IV30) dropped 2.53 near 26.7,and above the 52wk median, suggesting an expected daily move of $1.40. Put-call skew steepened, indicating increased demand for downside protection.
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