Financial giants have made a conspicuous bullish move on Cisco Systems. Our analysis of options history for Cisco Systems (NASDAQ:CSCO) revealed 10 unusual trades.

Delving into the details, we found 70% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $661,988, and 5 were calls, valued at $308,940.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $47.5 to $60.0 for Cisco Systems during the past quarter.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Cisco Systems stands at 6543.11, with a total volume reaching 1,773.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Cisco Systems, situated within the strike price corridor from $47.5 to $60.0, throughout the last 30 days.

Cisco Systems 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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

Where Is Cisco Systems Standing Right Now?

• With a volume of 6,158,585, the price of CSCO is up 0.48% at $52.25.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 5 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.