Stocks quoted in this article:
After today's close, Cisco Systems (CSCO - 62-1/8) reports its third-quarter earnings. The Street is expecting the networking giant to report earnings of 13 cents per share. In year-ago period, CSCO reported earnings of 10 cents per share. In front of the earnings report, calls on CSCO are active relative to puts. Among the May, June, July, and October option series as of noon today, total call volume was over 42,000 contracts, while total put volume was at about 14,700 contracts. Leading the way in terms of activity is the out-of-the-money May 65 call. Over 10,200 contracts have already traded on this out-of-the-money option today, making it one of the most-active calls on the CBOE.