133 stocks will release earnings before tomorrow’s open, with Cisco and Pepsi leading the volume (try @earnings in Flow Monitor). For the group, calls outnumber puts nearly 2:1 and CSCO flow is triple the average time-weighted volume, on track for nearly 450,000 contracts today. Top 5 most actives in Cisco are calls, with Feb 21s leading the list with nearly 37K trading and a vwap of 28cents. ISE data shows a mix of opening and closing customer buyers behind the volume there.

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