Investors in Cisco Systems Inc (Symbol: CSCO) now have new options trading for the February 2026 expiration. A put contract at the $73.00 strike price has a bid of 50 cents, offering a 6% discount to the current stock price. The call contract at the $81.00 strike price also has a bid of 50 cents.

Selling the put contract commits to purchasing CSCO at $73.00, potentially at a cost basis of $72.50. The current odds of the put contract expiring worthless are 77%, with an implied volatility of 35%. Buying the call contract commits to selling CSCO at $81.00, offering a 4% premium to the stock price.

The covered call strategy could yield a return of 4.58% if the stock is called away at expiration. The current odds of the call contract expiring worthless are 65%, with an implied volatility of 24%. Both options offer potential returns for investors interested in CSCO shares.

Read more at Nasdaq: February 2026 Options Now Available For Cisco Systems (CSCO)