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发表于 2010-8-11 01:26 PM
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google 发表于 2010-8-11 15:14 
Ahead of tonight's earnings, option players are trending toward the bearish end of the spectrum.
In the bearish vein, CSCO sports a 10-day International Securities Exchange (ISE) put/call volume ratio of 0.70, which falls above 78% of all other readings taken during the last year. In other words, speculators on the ISE have initiated bearish bets on CSCO at a faster rate just 22% of the time during the past 12 months.
This trend has continued today, with 63,000 puts traded so far -- three times CSCO's expected single-session put volume of around 17,000 contracts.
The August 24 put has claimed the bulk of the action today, with 12,152 contracts crossing the tape -- the majority of which traded closer to the ask price, indicating they were likely purchased. However, with over 28,000 contracts currently open at this strike, we cannot yet confirm that these are fresh bearish positions. With CSCO trading around $23.62, though, these puts are in the money. |
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