It is hard to use Cisco Systems Inc. (NASDAQ: CSCO) for an options-bias for many time periods in general, but that has not been the case today not the case this week. After a weekend review and considering that most key technology companies have beat earnings and then sold off, it was almost shocking that the options trading for the FEB10 Puts and Calls have been mostly in the Call options. In short, there is a bullish bias.
As of 1:00 PM EST today, in the FEB10 contracts, there have been over 47,000 contracts in the various call strikes versus about 12,000 of the combined Puts.
Shares are down 0.3% at $22.95 on just over 30 million shares ahead of earnings… average volume is over 41 million shares and the 52-week range is $13.61 to $25.10.
JON C. OGG
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