CSCO will come up with its easnings today AH. Many beleive it will go up (based on option action). I fee CSCO will not move that much after the earnings. It will be between 17-18. So maybe the best trade would be short straddle 17 May. Note: I have no positions on CSCO and will not do the trade that I am recommending because CSCO is not a stock that I trade.