CSCO · expected move by expiry

Cisco Systems is priced to move 3.6% by 2026-Sep-04.

Options price a ±3.63% move (about $3.99) by 2026-Sep-04 (Fri), a range of 105.14 to 113.12 from the last price of 109.93. Max pain for that expiry is 112.00.

CSCO
Cisco Systems, Inc.
Last
109.93 -2.22 (-2.0%)
Next expiry move
±3.63% 6 days
Vol regime
Low
Put / call
0.96
Weekend
Fetched 2026-08-30, 02:50:42 AM ET
expected range last price 109.93 max painAxis 93 to 122, shared by every row
Expiry
Expected range (1 SD)
Expected move
Max pain
Odds inside
2026-Sep-04Fri, 6 days
Expected move±3.63%±$3.99
Max pain112.001.9% above last price
Odds of closing inside69%put/call 0.96
2026-Sep-11Fri, 13 days
Expected move±5.30%±$5.82
Max pain110.000.1% above last price
Odds of closing inside68%put/call 0.33
2026-Sep-18Fri, 20 days
Expected move±6.53%±$7.17
Max pain95.0013.6% below last price
Odds of closing inside68%put/call 1.43
2026-Sep-25Fri, 27 days
Expected move±8.03%±$8.82
Max pain115.004.6% above last price
Odds of closing inside68%put/call 0.44
2026-Oct-02Fri, 34 days
Expected move±9.46%±$10.40
Max pain113.002.8% above last price
Odds of closing inside68%put/call 0.32
Options flow, nearest expiry
Neutral

Expensive options, selling pressure likely Score -0.11 on a -1 to +1 scale.

Key levels from open interest
109.00 / 110.00

Heaviest put open interest sits at 109.00 and heaviest call open interest at 110.00. Price tends to gravitate toward large open interest into expiry.

Setup
Technical Breakout / Breakdown

Read from implied volatility, momentum and breakout signals across the chain. Descriptive, not a forecast.

Reading the CSCO expected move table

Each row is one expiry. The shaded band is the one-standard-deviation range the option chain implies for CSCO on that date: the market gives roughly a two-in-three chance that CSCO closes inside it and a one-in-three chance it closes outside. The black tick is the last traded price, 109.93. The diamond is max pain, the strike where option holders would collect the least if the stock settled there.

The range widens with time because uncertainty compounds with the square root of time: the 2026-Oct-02 range (±9.46%) is wider than the 2026-Sep-04 range (±3.63%) even though the daily volatility behind both is the same. Read the methodology for the formulas, or the guide to what the expected move means in practice.

Figures are derived from delayed public option data and recalculated through the trading day. Nothing on this page is investment advice. Machine-readable version: /api/expected-move/CSCO.

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