Cisco (CSCO) got whacked today after announcing earnings and missing. The stock was down over -11% double what the options market was expecting in the straddle prices.

We are in the middle of Week #5 of earnings season and finally the options buyers are starting to get some headway. After atrocious Weeks 1-3, that saw straddles only returning 64%, 53% and 75% of their value back to holders after announcements, Week #5 saw 106% retained.

After the close today, AMAT BIDU PRPL announce and tomorrow before the open DNKG HD KSS announce.

More here: