High-rolling investors have positioned themselves bearish on Cisco Systems CSCO, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CSCO often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 10 options trades for Cisco Systems. This is not a typical pattern.
The sentiment among these major traders is split, with 30% bullish and 70% bearish. Among all the options we identified, there was one put, amounting to $59,696, and 9 calls, totaling $725,211.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $55.0 to $62.5 for Cisco Systems over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Cisco Systems's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Cisco Systems's whale activity within a strike price range from $55.0 to $62.5 in the last 30 days.
Cisco Systems Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CSCO | CALL | SWEEP | BEARISH | 03/21/25 | $0.98 | $0.82 | $0.98 | $62.50 | $396.0K | 8.3K | 4.0K |
| CSCO | CALL | SWEEP | BEARISH | 01/15/27 | $10.25 | $9.9 | $10.25 | $55.00 | $63.5K | 590 | 62 |
| CSCO | CALL | SWEEP | BULLISH | 01/17/25 | $1.48 | $1.43 | $1.48 | $57.50 | $61.5K | 22.6K | 475 |
| CSCO | PUT | TRADE | BULLISH | 06/20/25 | $1.84 | $1.82 | $1.82 | $55.00 | $59.6K | 6.0K | 329 |
| CSCO | CALL | SWEEP | BEARISH | 02/14/25 | $0.87 | $0.71 | $0.71 | $62.00 | $48.4K | 66 | 1.5K |
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 such as 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 employs 80,000 people 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 5,539,523, the price of CSCO is up 0.19% at $59.04.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 35 days.
Expert Opinions on Cisco Systems
1 market experts have recently issued ratings for this stock, with a consensus target price of $68.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Cisco Systems with a target price of $68.
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.
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