Moderately bullish activity in Cisco with shares up 2.61%

Moderately bullish activity in Cisco (CSCO), with shares up $1.96, or 2.61%, near $76.96. Options volume running well above average with 68k contracts traded and calls leading puts for a put/call ratio of 0.5, compared to a typical level near 0.59. Implied volatility (IV30) is higher by 0.3 points near 25.89,and above the 52wk median, suggesting an expected daily move of $1.26. Put-call skew flattened, suggesting a modestly bullish tone.