Traders make bullish bets on Cisco

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Traders make bullish bets on Cisco
July 10, 2009 Fri 12:07 AM CT

Options traders were bullish on Cisco Systems yesterday, apparently in early speculation over the networking technology giant's earnings report next month.

Cisco Chart Trading was concentrated on the August 19 calls, where 24,780 contracts changed hands in a strong buying pattern at more than double the open interest. On an average day only 1,074 calls have traded at that strike in the last...

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