Check Out What Whales Are Doing With CSCO

A whale with a lot of money to spend has taken a noticeably bearish stance on Cisco Systems.

Looking at options history for Cisco Systems CSCO we detected 15 strange trades.

If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 73% with bearish.

From the overall spotted trades, 7 are puts, for a total amount of $286,545 and 8, calls, for a total amount of $371,643.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $60.0 for Cisco Systems over the last 3 months.

Volume & Open Interest Development

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 $40.0 to $60.0 in the last 30 days.

Cisco Systems Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CSCO CALL SWEEP BULLISH 06/16/23 $47.50 $93.0K 8.6K 300
CSCO PUT SWEEP BEARISH 06/16/23 $52.50 $78.2K 2.2K 380
CSCO CALL SWEEP BEARISH 06/21/24 $52.50 $62.5K 2.4K 726
CSCO CALL SWEEP BEARISH 06/21/24 $52.50 $58.0K 2.4K 735
CSCO PUT SWEEP BEARISH 07/21/23 $50.00 $52.8K 1.5K 255

Where Is Cisco Systems Standing Right Now?

  • With a volume of 13,606,991, the price of CSCO is up 1.38% at $50.8.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 34 days.

What The Experts Say On Cisco Systems:

  • Tigress Financial downgraded its action to Buy with a price target of $73

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.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date of Trade
▲▼
ticker
▲▼
Put/Call
▲▼
Strike Price
▲▼
DTE
▲▼
Sentiment
▲▼
Posted In: OptionsMarketsBZI-UOA
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!