Cisco CSCO (news,
chart,
quote) - CSCO May option implied volatility trending higher into 5/9 EPS release
CSCO is expected to report EPS of .26 cents after the close on 5/9. CSCO May at the money option implied volatility of 34 is above its 26-week average of 26. CSCO intra-day call option volume of 50,644 contracts compares to intra-day put volume of 11,497 contracts. Above average May option implied volatility suggests long premium positions being taken into EPS event.
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