Bearish flow noted in Cisco with 15,030 puts trading, or 2x expected. Most active are 2/2 weekly 51 puts and Apr-24 40 puts, with total volume in those strikes near 6,500 contracts. The Put/Call Ratio is 1.64, while ATM IV is up over 1 point on the day. Earnings are expected on February 14th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CSCO:
- Cisco, Microsoft and Samsung team on meeting room experiences
- DA Davidson enterprise security analysts hold analyst/industry conference call
- DA Davidson SASE/SD-WAN analysts hold analyst/industry conference call
- Nutanix price target raised to $60 from $51 at KeyBanc
- Cisco price target raised to $52 from $50 at Piper Sandler
