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Mike Khouw Sees Unusual Options Activity In Cisco

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On CNBC's "Options Action," Mike Khouw spoke about unusually high options activity in Cisco (NASDAQ: CSCO) ahead of earnings. The company is going to report earnings on Wednesday after the close, and the options market is implying a move of about 5 percent. The move is in line with the average move of 4.5 percent over the last eight quarters.

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Although the call volume outpaced the put volume on Tuesday, the bearish bets outpaced bullish ones, said Khouw. He noticed a purchase of the May 51 puts for 71 cents during the session on Tuesday. The trade breaks even at $50.29 or 3.33 percent below the current price.

Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media

 

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