Looking At Cisco Systems's Recent Whale Trades

Looking At Cisco Systems's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bearish stance on Cisco Systems.

Looking at options history for Cisco Systems CSCO we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 10% of the investors opened trades with bullish expectations and 90% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $805,825 and 2, calls, for a total amount of $71,702.

What's The Price Target?

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 $50.0 for Cisco Systems over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Cisco Systems's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Cisco Systems's whale activity within a strike price range from $40.0 to $50.0 in the last 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 PUT TRADE NEUTRAL 03/17/23 $40.00 $315.4K 917 1.9K
CSCO PUT TRADE BEARISH 03/17/23 $40.00 $249.0K 917 3.4K
CSCO PUT SWEEP BEARISH 12/16/22 $45.00 $88.0K 3.5K 663
CSCO CALL TRADE BEARISH 11/18/22 $45.00 $40.5K 297 182
CSCO PUT SWEEP BEARISH 11/18/22 $42.50 $36.2K 209 380

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CSCO PUT TRADE NEUTRAL 03/17/23 $40.00 $315.4K 917 1.9K
CSCO PUT TRADE BEARISH 03/17/23 $40.00 $249.0K 917 3.4K
CSCO PUT SWEEP BEARISH 12/16/22 $45.00 $88.0K 3.5K 663
CSCO CALL TRADE BEARISH 11/18/22 $45.00 $40.5K 297 182
CSCO PUT SWEEP BEARISH 11/18/22 $42.50 $36.2K 209 380

Where Is Cisco Systems Standing Right Now?

  • With a volume of 10,510,377, the price of CSCO is up 1.02% at $45.84.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 68 days.

What The Experts Say On Cisco Systems:

  • Deutsche Bank has decided to maintain their Hold rating on Cisco Systems, which currently sits at a price target of $54.
  • Piper Sandler has decided to maintain their Neutral rating on Cisco Systems, which currently sits at a price target of $47.
  • Raymond James has decided to maintain their Outperform rating on Cisco Systems, which currently sits at a price target of $59.
  • Goldman Sachs has decided to maintain their Neutral rating on Cisco Systems, which currently sits at a price target of $50.
  • Citigroup has decided to maintain their Sell rating on Cisco Systems, which currently sits at a price target of $44.

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.

Posted In: BZI-UOAOptionsMarkets