27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
A whale with a lot of money to spend has taken a noticeably bullish stance on Cisco Systems.
Looking at options history for Cisco Systems (NASDAQ:CSCO) we detected 10 strange trades.
If we consider the specifics of each trade, it is accurate to state that 80% of the investors opened trades with bullish expectations and 20% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $359,760 and 8, calls, for a total amount of $914,680.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $55.0 to $62.5 for Cisco Systems over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Cisco Systems's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Cisco Systems's whale activity within a strike price range from $55.0 to $62.5 in the last 30 days.
Cisco Systems Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CSCO | CALL | SWEEP | NEUTRAL | 01/17/25 | $57.50 | $434.0K | 1.9K | 8 |
| CSCO | CALL | SWEEP | BEARISH | 10/20/23 | $55.00 | $221.1K | 40.9K | 940 |
| CSCO | PUT | SWEEP | BULLISH | 06/21/24 | $57.50 | $196.5K | 202 | 630 |
| CSCO | PUT | SWEEP | BULLISH | 10/20/23 | $57.50 | $163.2K | 2.6K | 1.2K |
| CSCO | CALL | SWEEP | BULLISH | 09/01/23 | $55.00 | $82.7K | 1.3K | 403 |
Where Is Cisco Systems Standing Right Now?
- With a volume of 5,049,849, the price of CSCO is up 1.13% at $57.45.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 76 days.
What The Experts Say On Cisco Systems:
- Morgan Stanley has decided to maintain their Equal-Weight rating on Cisco Systems, which currently sits at a price target of $56.
- UBS has decided to maintain their Neutral rating on Cisco Systems, which currently sits at a price target of $55.
- Raymond James has decided to maintain their Outperform rating on Cisco Systems, which currently sits at a price target of $65.
- Rosenblatt has decided to maintain their Neutral rating on Cisco Systems, which currently sits at a price target of $59.
- Citigroup has decided to maintain their Neutral rating on Cisco Systems, which currently sits at a price target of $55.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Cisco Systems, Benzinga Pro gives you real-time options trades alerts.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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