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Moderately bullish activity in Cisco with shares up 1.98%

Moderately bullish activity in Cisco (CSCO), with shares up $1.71, or 1.98%, near $87.95. Options volume running well above average with 48k contracts traded and calls leading puts for a put/call ratio of 0.24, compared to a typical level near 0.71. Implied volatility (IV30) is higher by 2.1 points near 35.3, in the highest 10% of observations over the past year, suggesting an expected daily move of $1.96. Put-call skew flattened, suggesting a modestly bullish tone.

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