Huge Three Way Trades on Cisco (CSCO)

Shares of Cisco Systems, Inc. CSCO are lower on the session by 0.61%, trading at $17.14. A short while ago a large three was spread traded on CSCO, where the June $16 put were sold 15,000 and the June $18/20 call spread was purchased 15,000 times. The trade went off at a total net debit of $0.01. Cisco Systems, Inc. designs, manufactures, and sells Internet protocol (IP)-based networking and other products related to the communications and information technology industry and provide services associated with these products and their use.