Yesterday Cisco Systems Inc. (CSCO) traded up .11 to 21.16.? The stock is trading .80 off of one-year highs.
Yesterday paper sold 9,000 CSCO Jan 2014 25 level calls for .42 hitting the bid at the time. ?Average volume is 89,005 contracts per day in the name.? Open interest is 81,936 contracts in the strike.
The IV is down .4 in Jan 2014 which indicates some new selling.? The high open interest suggests this is the call selling strike of choice for investors since it has the highest relative OI.
30-day implied volatility is 28%.? 10-day implied volatility is 24%.? 30-day implied volatility is trading above the 10-day historical volatility.
Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use.