Financial giants have made a conspicuous bearish move on Cisco Systems. Our analysis of options history for Cisco Systems CSCO revealed 10 unusual trades.
Delving into the details, we found 10% of traders were bullish, while 90% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $576,631, and 4 were calls, valued at $128,922.
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 $37.5 and $62.5 for Cisco Systems, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Cisco Systems stands at 11772.11, with a total volume reaching 4,015.00. 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 $37.5 to $62.5, throughout the last 30 days.
Cisco Systems Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CSCO | PUT | SWEEP | BEARISH | 01/17/25 | $62.50 | $313.5K | 533 | 269 |
| CSCO | PUT | SWEEP | BEARISH | 09/20/24 | $60.00 | $105.8K | 69 | 1 |
| CSCO | PUT | SWEEP | BEARISH | 01/17/25 | $45.00 | $50.3K | 8.8K | 668 |
| CSCO | PUT | SWEEP | BEARISH | 06/21/24 | $47.50 | $50.2K | 27.0K | 392 |
| CSCO | CALL | TRADE | BEARISH | 12/19/25 | $37.50 | $46.2K | 58 | 30 |
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.
Present Market Standing of Cisco Systems
- Currently trading with a volume of 6,105,344, the CSCO's price is down by -0.69%, now at $51.88.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 14 days.
What Analysts Are Saying About Cisco Systems
1 market experts have recently issued ratings for this stock, with a consensus target price of $55.0.
- In a cautious move, an analyst from Melius Research downgraded its rating to Hold, setting a price target of $55.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Cisco Systems options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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