Investors with a lot of money to spend have taken a bearish stance on Cisco Systems CSCO.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CSCO, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 8 uncommon options trades for Cisco Systems.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $279,264, and 2 are calls, for a total amount of $151,320.
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 $42.5 and $55.0 for Cisco Systems, spanning the last three months.
Insights into Volume & Open Interest
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 $42.5 to $55.0, over the past month.
Cisco Systems 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CSCO | CALL | SWEEP | BULLISH | 09/20/24 | $3.9 | $3.8 | $3.9 | $42.50 | $117.0K | 594 | 0 |
| CSCO | PUT | TRADE | BEARISH | 09/20/24 | $9.9 | $9.8 | $9.9 | $55.00 | $89.1K | 2.9K | 0 |
| CSCO | PUT | TRADE | BEARISH | 09/20/24 | $10.0 | $10.0 | $10.0 | $55.00 | $70.0K | 2.9K | 0 |
| CSCO | PUT | TRADE | BEARISH | 08/16/24 | $7.55 | $7.4 | $7.5 | $52.50 | $37.5K | 490 | 0 |
| CSCO | CALL | SWEEP | BULLISH | 09/20/24 | $3.9 | $3.8 | $3.9 | $42.50 | $34.3K | 594 | 300 |
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 6,118,668, the CSCO's price is down by -0.5%, now at $45.39.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 62 days.
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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