GO
Loading...

Options Action: What It Says for Cisco Systems

The bulls outweigh the bears on options trading for Cisco Systems, a day before the networking company is to unveil new consumer products and initiatives at the Consumer Electronics Show in Las Vegas.

This morning CSCO saw 44,000 calls trade against 28,700 puts, for a 0.6 put-call ratio, according to OptionMonster's tracking systems.

This call activity is already 140 percent of the average daily turnover of calls for the last 30 days.

  • Cisco: Insider Trading Info
  • More Options Tips from Jon Najarian

Tomorrow's announcement at CES, which has become the leading industry event for mainstream electronics and technologies, is scheduled to begin after the market closes.

  • Ciscoshares now:

Cisco, which dominates the market for corporate networking systems, for years has sought to expand into the home and other consumer areas.

_________________________________
More Networking & Data Players:

Juniper Networks

3Com

Alcatel-Lucent

Nortel Networks

_________________________________

Jon 'DRJ' Najarian is a professional investor, CNBC contributor, and cofounder of OptionMonster.com.

_________________________________

Disclaimer