Cisco Systems Inc (CSCO) $15.16 +1.27%
Two large blocks (7500 contracts ea.) of Cisco (P/C Chart, news, volatility) January 2010 calls at the $20 strike recently traded bid-side for $1.19 and $1.20 per contract. The activity is possibly part of a buy-write, as a block of 525K CSCO shares traded three minutes later. It comes ahead of earnings after the close Wednesday.
Category: All Stocks, Large Cap Stocks, Technology Hardware & Equipment
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
