Options/CSCO

CSCOCisco Systems, Inc. Common Stock (DE)

Options Analysis Report•COMPUTER COMMUNICATIONS EQUIPMENT

Market Cap $442.0B|NASDAQ

● 2026-08-28$112.15

NEUTRAL

Analysis: 2026-08-27 EOD data

1Y +61.5%YTD +47.5%7D +1.0%

Options Vol

36,665

30D

Implied Move

±8.2%

IV Rank

20%

CSCO Options Overview

Mixed signals. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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CSCO Gamma Walls

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CSCO Hedge Radar

Neutral

Full Hedge Radar

Neither score is at an extreme today. Neither axis is a forecast — this is where CSCO sits on protection cost vs. fragility today.

Protection is priced in the cheap band (2.42) — near-dated vol is priced 19% below far-dated, and downside puts carry 1.5 IV points more than at-the-money, measured against this name's own rolling 20-trading-day realized moves (484 overlapping windows). Fragility reads neutral (4.52): it is trading 2% above its hedge wall on a wall graded HIGH for reliability, and its realized-vol regime is stable.

Protection cost

2.42/ 10cheap

Basis: cross_sectional

Fragility

4.52/ 10neutral

Basis: per_ticker

Value

Is IV priced right?

7.9

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks7/9 checks passed

IV Rank

≤35%

IV Rank 53.0% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.77x — IV ≤ HV

Sector Relative≤50%

Sector percentile 13% — below sector median

Term Structure

<1.1x

Front/Back 0.81x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 32.0% — normal range

Spread-Adjusted Value

<80%

Effective IV 42.2% (ATM 32.0% + spread 5.1% + bias) — excellent value

Execution Efficiency

<3.0%

Total drag 8.84% (spread 5.09% + slippage 3.75%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 21.16 (vega 10.771 / spread 5.09%) — efficient

Sentiment

Bullish or bearish?

5.9

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: -8%, Raw: -6%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -8% (neutral) — Raw: -6%

OI Skew Magnitude

≥15%

|OI skew| 13.2% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +22.4%, OI skew +13.2% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 36%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +8%, ATM: +5%, OTM: -14% — neutral (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 52% — neutral vs sector

Activity

Unusual activity?

2.0

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed

Volume Surge

≥1.5x

Volume 0.4x avg — normal

Turnover Rate

≥15%

Vol/OI 3.6% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change -8.7% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 28% — below sector avg

Trade Quality

≥30%

Large trade volume 10% — mostly retail

Execution Urgency

≥60%

Aggressive execution 32% — patient

Flow Conviction

≥30

Conviction -8 (bearish) — mixed

Liquidity

Can I trade efficiently?

6.5

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks5/8 checks passed

Tradeable Spread

≤5.0%

Spread 5.1% — wide

Adequate OI

≥10,000

OI 1,027,443 — deep

Active Volume

≥500

Volume 36,665/day — active

Reasonable Cost

≤$0.50

$0.25 to cross — cheap

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 15% — much tighter than sector

Order Book Depth

≥100 contracts

Depth 249.10000000000002 contracts (bid:117.8 ask:131.3) — adequate

Execution Quality

<1.0%

Avg slippage 3.75% — poor

Timing

Is now a good time?

7.1

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -19.2% — contango

IV Percentile Clarity

<30 or >70

IV percentile 53% — neutral

Event Detection

≥10pts kink

IV kink -4.2pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 135.82 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -8% @ 54% consistency — unclear

Smart Money Timing

≥40 composite score

Score 40 (ITM 20% + inst 10%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls6.9

bullishIV cheap, mixed flow

Long Puts6.2

bearishIV cheap, mixed flow

Premium Sellers

Cash-Secured Put5.1

bullishIV too cheap, mixed flow

Covered Call4.4

bearishIV too cheap, mixed flow

For educational purposes only. Not investment advice.