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.
Deep-pocketed investors have adopted a bullish approach towards Cisco Systems (NASDAQ:CSCO), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CSCO usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Cisco Systems. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 2 are puts, totaling $167,760, and 6 are calls, amounting to $262,225.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $47.5 to $60.0 for Cisco Systems over the recent three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Cisco Systems's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cisco Systems's significant trades, within a strike price range of $47.5 to $60.0, over the past month.
Cisco Systems 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CSCO | CALL | SWEEP | BEARISH | 04/26/24 | $0.41 | $0.24 | $0.24 | $51.00 | $90.3K | 3.2K | 3.7K |
| CSCO | PUT | SWEEP | NEUTRAL | 05/17/24 | $5.85 | $5.7 | $5.78 | $55.00 | $86.7K | 1 | 150 |
| CSCO | PUT | TRADE | BEARISH | 12/19/25 | $11.6 | $10.4 | $11.58 | $60.00 | $81.0K | 951 | 70 |
| CSCO | CALL | SWEEP | BULLISH | 06/21/24 | $1.83 | $1.81 | $1.83 | $50.00 | $45.7K | 7.7K | 454 |
| CSCO | CALL | TRADE | BULLISH | 06/21/24 | $3.05 | $3.0 | $3.05 | $47.50 | $38.4K | 8.7K | 179 |
About Cisco Systems
Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software like firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries. Overall, Cisco employees 80,000 employees and sells its products globally.
After a thorough review of the options trading surrounding Cisco Systems, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Cisco Systems Standing Right Now?
- Trading volume stands at 5,661,666, with CSCO's price up by 0.72%, positioned at $49.09.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 41 days.
What Analysts Are Saying About Cisco Systems
1 market experts have recently issued ratings for this stock, with a consensus target price of $51.0.
- An analyst from Piper Sandler has revised its rating downward to Neutral, adjusting the price target to $51.
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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