Financial giants have made a conspicuous bearish move on Cisco Systems. Our analysis of options history for Cisco Systems CSCO revealed 9 unusual trades.
Delving into the details, we found 22% of traders were bullish, while 77% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $245,297, and 6 were calls, valued at $241,273.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $47.5 and $57.5 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 9257.14 with a total volume of 4,070.00.
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 $47.5 to $57.5 over the last 30 days.
Cisco Systems 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CSCO | PUT | SWEEP | BEARISH | 09/20/24 | $57.50 | $92.3K | 450 | 131 |
| CSCO | PUT | SWEEP | BEARISH | 09/20/24 | $57.50 | $86.0K | 450 | 253 |
| CSCO | PUT | SWEEP | BULLISH | 01/26/24 | $51.00 | $66.9K | 266 | 1.9K |
| CSCO | CALL | SWEEP | BEARISH | 03/15/24 | $52.50 | $65.2K | 19.5K | 72 |
| CSCO | CALL | TRADE | BEARISH | 03/15/24 | $50.00 | $43.2K | 10.7K | 381 |
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.
Cisco Systems's Current Market Status
- With a trading volume of 4,072,600, the price of CSCO is up by 0.04%, reaching $50.77.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 26 days from now.
Professional Analyst Ratings for Cisco Systems
In the last month, 1 experts released ratings on this stock with an average target price of $55.0.
- Reflecting concerns, an analyst from Melius Research lowers its rating to Hold with a new price target of $55.
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.
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