CSCOCisco Systems, Inc. Common Stock (DE)
Options Analysis Report•COMPUTER COMMUNICATIONS EQUIPMENT
Market Cap $340.7B|NASDAQ
● 2026-04-17$86.25
BULLISH
Analysis: 2026-04-16 EOD data
1Y +58.6%YTD +13.4%7D +4.9%
Options Vol
41,070
30D
Implied Move
±8.4%
IV Rank
29%
CSCO Options Overview
bullish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.6
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks7/9 checks passed
IV Rank
≤35%IV Rank 31.6% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.14x — IV premium over HV
Sector Relative≤50%
Sector percentile 4% — below sector median
Term Structure
<1.1xFront/Back 0.94x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 31.6% — normal range
Spread-Adjusted Value
<80%Effective IV 44.8% (ATM 31.6% + spread 6.6% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 10.04% (spread 6.60% + slippage 3.44%) — high friction
Vega Efficiency
≥5.0Vega efficiency 62.39 (vega 41.180 / spread 6.60%) — efficient
Sentiment
Bullish or bearish?
6.7
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Strong signal (Conviction: +5%, Raw: +12%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +5% (neutral) — Raw: +12%
OI Skew Magnitude
≥15%|OI skew| 14.5% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +41.8%, OI skew +14.5% — aligned
Conviction Quality
≥2/3 conditions0-DTE 27%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +22%, ATM: +0%, OTM: +20% — bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 33% — bullish vs sector
Activity
Unusual activity?
3.5
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.9x avg — normal
Turnover Rate
≥15%Vol/OI 5.3% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +5.4% (5d) — building
Sector Relative≥60%
Sector activity percentile 39% — below sector avg
Trade Quality
≥30%Large trade volume 16% — mixed
Execution Urgency
≥60%Aggressive execution 40% — patient
Flow Conviction
≥30Conviction +5 (bullish) — mixed
Liquidity
Can I trade efficiently?
6.0
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks5/8 checks passed
Tradeable Spread
≤5.0%Spread 6.6% — wide
Adequate OI
≥10,000OI 775,446 — deep
Active Volume
≥500Volume 41,070/day — active
Reasonable Cost
≤$0.50$0.33 to cross — cheap
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 6% — much tighter than sector
Order Book Depth
≥100 contractsDepth 369.7 contracts (bid:192.2 ask:177.5) — adequate
Execution Quality
<1.0%Avg slippage 3.44% — poor
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -5.9% — contango
IV Percentile Clarity
<30 or >70IV percentile 32% — neutral
Event Detection
≥10pts kinkIV kink -2.5pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 3073.16 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 26d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +5% @ 53% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 46 (ITM 20% + inst 16%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls7.2
bullishIV cheap, bullish flow
Long Puts5.9
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.4
bullishIV too cheap, bullish flow
Covered Call4.2
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.