CSCO Earnings Bearish CSCO In the last 30 minutes of the session, there was a large-scale closing of bullish options positions, which seems intentional. Expected move: 7.57% (+/- $9.36) From the options GEX perspective, 130 and 135 have become key resistance levels for CSCO, while 110 is also an important support level for CSCO. Between 13:30-13:35 near the close, there was a large ITM (in-the-money) sell of bullish options. This is an extremely bearish options trade. ———————— This only represents the perspective of the options market, and deviations from reality are relatively normal.