What the Options Market Tells Us About Cisco Systems

Financial giants have made a conspicuous bullish move on Cisco Systems. Our analysis of options history for Cisco Systems CSCO revealed 8 unusual trades.

Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $81,545, and 6 were calls, valued at $562,562.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $55.0 to $65.0 for Cisco Systems during the past quarter.

Insights into Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $55.0 to $65.0 in the last 30 days.

Cisco Systems Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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.

Having examined the options trading patterns of Cisco Systems, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Cisco Systems Standing Right Now?

• Currently trading with a volume of 9,068,492, the CSCO's price is down by -1.6%, now at $62.92.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 65 days.

What The Experts Say On Cisco Systems

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $73.4.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on Cisco Systems with a target price of $72. * An analyst from JP Morgan persists with their Overweight rating on Cisco Systems, maintaining a target price of $73. * An analyst from Piper Sandler has decided to maintain their Neutral rating on Cisco Systems, which currently sits at a price target of $72. * An analyst from Rosenblatt has elevated its stance to Buy, setting a new price target at $80. * Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Cisco Systems, targeting a price of $70.

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.