I'm not saying that insider trading happens.......but, on an average day, CSCO trades 92,000 options — 61,000 in calls, and 31,000 in puts. In one day last week (by noon EST mind you), CSCO traded 150,000 options, and 138,000 of those were calls. Of those 138,000, 96,000 were bought on the offer. Somebody spent a fortune on betting that this stock will rise, and did so at a premium.