Cisco (CSCO) is flat at $17.50 and morning trades on the networking giant include a 5160-lot of Nov 18 calls for 42 cents per contract on ISE. A customer bought, to open, according to ISEE data. 25,500 now traded, making it today’s 3rd most actively equity options contract behind BofA Nov and Jan 10 calls. The interest in CSCO Nov upside calls comes two weeks before the contract expires and ahead of Cisco’s Nov 13 earnings report.
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.