Deep-pocketed investors have adopted a bearish 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 9 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 11% leaning bullish and 88% bearish. Among these notable options, 5 are puts, totaling $232,896, and 4 are calls, amounting to $452,552.
Expected Price Movements
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 $65.0 for Cisco Systems, spanning the last three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Cisco Systems options trades today is 8348.14 with a total volume of 2,491.00.
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 $65.0 over the last 30 days.
Cisco Systems 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CSCO | CALL | SWEEP | NEUTRAL | 02/16/24 | $50.00 | $252.0K | 4.1K | 11 |
| CSCO | CALL | SWEEP | BEARISH | 12/19/25 | $65.00 | $132.1K | 608 | 0 |
| CSCO | PUT | TRADE | BULLISH | 07/19/24 | $55.00 | $61.5K | 0 | 100 |
| CSCO | PUT | TRADE | NEUTRAL | 06/20/25 | $52.50 | $43.5K | 5 | 845 |
| CSCO | PUT | TRADE | NEUTRAL | 06/20/25 | $52.50 | $43.4K | 5 | 638 |
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.
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
Current Position of Cisco Systems
- Currently trading with a volume of 4,115,262, the CSCO's price is up by 0.16%, now at $49.95.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 58 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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