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Moderately bullish activity in Cisco with shares up 0.77%

Moderately bullish activity in Cisco (CSCO), with shares up 60c, or 0.77%, near $78.40. Options volume relatively light with 17k contracts traded and calls leading puts for a put/call ratio of 0.74, compared to a typical level near 0.58. Implied volatility (IV30) is higher by 0.7 points near 20.72,and below the 52wk median, suggesting an expected daily move of $1.02. Put-call skew flattened, suggesting a modestly bullish tone.

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