Moderately bullish activity in Cisco with shares up 0.48%

Moderately bullish activity in Cisco (CSCO), with shares up 33c, or 0.48%, near $68.46. Options volume relatively light with 32k contracts traded and calls leading puts for a put/call ratio of 0.23, compared to a typical level near 0.53. Implied volatility (IV30) is higher by 0.1 points near 20.18,and above the 52wk median, suggesting an expected daily move of $0.87. Put-call skew flattened, suggesting a modestly bullish tone.