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.

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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



Nortel Networks


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