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CNBC

Cisco draws meme-stock-style options interest ahead of Wednesday earnings report

Options traders are intensifying bullish bets on Cisco ahead of its Wednesday earnings, after the legacy networking company's long shift toward software and cloud-based AI. The stock is up 15% over the past month, with over 75,000 calls traded by noon Central time Friday versus 16,000 puts, alongside implied volatility that touched 47.
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