NEW YORK (AVAFIN) -- Trading of Cisco Systems options resulted in establishing a new 90-day call volume record, where 27,409 call
contracts exchanged hands between the buyers and the sellers. A total of 7,177 put and 27,409
call contracts was traded raising a 0.26 put/call ratio on shares of CSCO
Investors use options to manage risk and to speculate on price changes. Options can provide
significant leverage if the stock moves in the right direction but aslo end up worthless if it
doesn't.
Cisco Systems is the world's leading supplier of data networking equipment and software. Its products include routers, switches, access equipment, and network-management software that allow data communication among dispersed computer networks. The firm has also entered newer markets, such as video conferencing, web-based collaboration, and data center servers.
CSCO is trading above the 50 day moving average and higher than
the 200 day moving average. Cisco Systems opened at $20.34 and the stock price rose $0.14 (+0.69%)
to $20.44 during the market session. CSCO is trading between the range of $20.29 - $20.49.
Performance indicators show that the stock has gained 4.96% within the last month.
