Cisco Bulls Outweigh Bears; Adobe Still A Hot Call

Cisco

By Jon "DRJ" Najarian, cofounder of OptionMonster.

By Jon "DRJ" Najarian

The bulls outweigh the bears on options trading for Cisco Systems (CSCO Quote) 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% of the average daily turnover of calls for the last 30 days. Cisco is up some 3.5% in early afternoon trading to $17.70. ...