Cisco Systems Inc. (CSCO) is trading up .12 to 21.01. ?CSCO is trading .98 under a 52-week high.
Today paper traded CSCO Jan 2014 18 calls for 3.50 & 3.55 for over 11,500 contacts. ??Average volume is 85,120 contracts per day in the name.? Open interest is 10,940.
The volume looked like a buyer of calls but they were marked spread.? I did not see volume of that size go up for the other side of the spread.? The IV is up slightly .3 points to 25.25 in Jan 2014.
30-day implied volatility is 19%.? ?10-day implied volatility is 23%.? 30-day implied volatility is trading below 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.