Spotlight on Cisco Systems: Analyzing the Surge in Options Activity

Deep-pocketed investors have adopted a bullish approach towards Cisco Systems 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 75% leaning bullish and 25% bearish. Among these notable options, 2 are puts, totaling $117,440, and 6 are calls, amounting to $434,400.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $60.0 for Cisco Systems over the last 3 months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Cisco Systems options trades today is 7733.0 with a total volume of 4,870.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Cisco Systems's big money trades within a strike price range of $45.0 to $60.0 over the last 30 days.

Cisco Systems Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CSCO CALL SWEEP BULLISH 01/17/25 $55.00 $137.8K 12.1K 557
CSCO CALL SWEEP BULLISH 01/17/25 $55.00 $120.0K 12.1K 1.8K
CSCO PUT SWEEP BULLISH 01/17/25 $60.00 $61.1K 5.1K 0
CSCO PUT SWEEP BEARISH 01/17/25 $45.00 $56.2K 9.5K 601
CSCO CALL SWEEP BULLISH 01/17/25 $55.00 $48.1K 12.1K 698

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.

Cisco Systems's Current Market Status

  • Currently trading with a volume of 2,647,547, the CSCO's price is down by -0.18%, now at $50.04.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 2 days.

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.

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Posted In: OptionsMarketsBZI-UOA
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