Cisco Options Priced for Potential 28% Crash or 40% Rally

Cisco Systems' (CSCO) stock has been on a 72.1% run over the trailing twelve months, trading near $111.61.

The options market has already priced in the edges that holders should plan around, with contracts about a year out putting the one-standard-deviation band at $80 to $156.87.

This wide price range is due to the business itself, not the option premium, which is only charging its usual premium.

The $80 floor represents a 28.3% fall from today's price, and the ceiling is a 40.6% rise.