Crypto Whales Are Loading Up — Are You?
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Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said why he thinks Cisco Systems, Inc. (NASDAQ: CSCO) is interesting.
“Nobody thinks that Cisco is a volatile stock. If you look at Cisco’s historical volatility percentile, it’s at 100 percent,” according to Kinahan.
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Looking at options activity, on Tuesday, Kinahan saw buyers of weekly options at the $29 strike level and on Wednesday, the weekly $27.50 Calls were most active.
Cisco reports fiscal Q2 earnings after the market close on Wednesday.
Heading into the earnings release, Cisco Systems, Inc. traded at $26.99, down 1.82 percent.
Kevin Riley and Brianna Valleskey contributed to this report.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.