Financial giants have made a conspicuous bullish move on Cisco Systems. Our analysis of options history for Cisco Systems (NASDAQ:CSCO) revealed 8 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $146,335, and 5 were calls, valued at $1,285,229.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $70.0 for Cisco Systems, spanning the last three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Cisco Systems options trades today is 10472.71 with a total volume of 4,326.00.

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 $50.0 to $70.0 over the last 30 days.

Cisco Systems Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Cisco Systems

Having examined the options trading patterns of Cisco Systems, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Cisco Systems

• Currently trading with a volume of 4,562,995, the CSCO's price is down by -0.48%, now at $66.78.
• RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
• Anticipated earnings release is in 83 days.

Expert Opinions on Cisco Systems

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $77.4.

Turn $1000 into $1270 in just 20 days?

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Cisco Systems with Benzinga Pro for real-time alerts.