Binary Options Trading Monitor for August 6, 2010: Put Buying in CSCO

Cisco Systems (CSCO) – Bearish: Investors used the traditional options market to purchase weekly CSCO options ahead of the company’s 4Q earnings release next week. 7k August 23 puts were purchased for approximately $0.26. Investors would need shares of CSCO to fall by over 5.5% by Friday for the trade to yield a profit. CSCO binary options can be traded on the StartOptions platform.

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