Spotlight on Cisco Systems: Analyzing the Surge in Options Activity

Deep-pocketed investors have adopted a bullish approach towards Cisco Systems CSCO, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CSCO usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 21 extraordinary options activities for Cisco Systems. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 52% leaning bullish and 38% bearish. Among these notable options, 9 are puts, totaling $1,022,334, and 12 are calls, amounting to $463,843.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $46.0 to $65.0 for Cisco Systems over the last 3 months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Cisco Systems stands at 2100.61, with a total volume reaching 4,767.00. 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 $46.0 to $65.0, throughout the last 30 days.

Cisco Systems 30-Day Option Volume & Interest Snapshot

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.

Cisco Systems's Current Market Status

• With a trading volume of 16,065,103, the price of CSCO is down by -0.41%, reaching $57.89.
• Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
• Next earnings report is scheduled for 34 days from now.

What The Experts Say On Cisco Systems

Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $60.0.

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