Financial giants have made a conspicuous bearish move on Cisco Systems. Our analysis of options history for Cisco Systems CSCO revealed 15 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $378,392, and 9 were calls, valued at $417,528.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $30.0 to $75.0 for Cisco Systems during the past quarter.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Cisco Systems's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cisco Systems's significant trades, within a strike price range of $30.0 to $75.0, over the past month.
Cisco Systems Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CSCO | PUT | TRADE | BULLISH | 03/15/24 | $51.00 | $103.7K | 866 | 795 |
| CSCO | PUT | SWEEP | BULLISH | 04/19/24 | $75.00 | $102.2K | 2 | 0 |
| CSCO | CALL | SWEEP | BEARISH | 04/19/24 | $30.00 | $88.6K | 81 | 6 |
| CSCO | PUT | SWEEP | BULLISH | 04/19/24 | $65.00 | $84.0K | 1 | 0 |
| CSCO | CALL | SWEEP | BEARISH | 04/19/24 | $40.00 | $63.1K | 182 | 14 |
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.
After a thorough review of the options trading surrounding Cisco Systems, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Cisco Systems
- With a volume of 6,142,458, the price of CSCO is up 0.22% at $50.22.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 62 days.
Professional Analyst Ratings for Cisco Systems
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $50.0.
- An analyst from Wells Fargo has revised its rating downward to Equal-Weight, adjusting the price target to $52.
- Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Cisco Systems with a target price of $48.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
