Financial giants have made a conspicuous bearish move on Cisco Systems. Our analysis of options history for Cisco Systems CSCO revealed 22 unusual trades.
Delving into the details, we found 27% of traders were bullish, while 72% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $334,029, and 12 were calls, valued at $2,364,865.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $60.0 for Cisco Systems over the last 3 months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Cisco Systems's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Cisco Systems's substantial trades, within a strike price spectrum from $40.0 to $60.0 over the preceding 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 | BEARISH | 01/16/26 | $40.00 | $733.9K | 1.0K | 500 |
| CSCO | CALL | SWEEP | BEARISH | 01/17/25 | $55.00 | $650.1K | 9.7K | 213 |
| CSCO | CALL | SWEEP | BEARISH | 01/16/26 | $40.00 | $274.9K | 1.0K | 687 |
| CSCO | CALL | SWEEP | BEARISH | 01/17/25 | $55.00 | $274.1K | 9.7K | 3.2K |
| CSCO | CALL | SWEEP | BEARISH | 04/19/24 | $55.00 | $140.3K | 9.0K | 2.1K |
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.
Where Is Cisco Systems Standing Right Now?
- Currently trading with a volume of 11,438,872, the CSCO's price is up by 0.88%, now at $51.76.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 20 days.
What Analysts Are Saying About Cisco Systems
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $55.0.
- In a cautious move, an analyst from Melius Research downgraded its rating to Hold, setting 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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