Deep-pocketed investors have adopted a bearish 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 20 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 35% leaning bullish and 40% bearish. Among these notable options, 4 are puts, totaling $170,591, and 16 are calls, amounting to $708,563.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $32.5 to $80.0 for Cisco Systems over the recent three 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 $32.5 to $80.0 over the preceding 30 days.

Cisco Systems Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

About Cisco Systems

Following our analysis of the options activities associated with Cisco Systems, we pivot to a closer look at the company's own performance.

Present Market Standing of Cisco Systems

• With a volume of 10,022,272, the price of CSCO is up 0.06% at $77.43.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 89 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 $88.2.

Unusual Options Activity Detected: Smart Money on the Move

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.