Financial giants have made a conspicuous bullish move on Cisco Systems. Our analysis of options history for Cisco Systems CSCO revealed 10 unusual trades.
Delving into the details, we found 70% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $661,988, and 5 were calls, valued at $308,940.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $47.5 to $60.0 for Cisco Systems during the past quarter.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Cisco Systems stands at 6543.11, with a total volume reaching 1,773.00. 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 $47.5 to $60.0, throughout the last 30 days.
Cisco Systems 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CSCO | PUT | TRADE | BEARISH | 01/17/25 | $50.00 | $378.4K | 13.9K | 33 |
| CSCO | PUT | SWEEP | BEARISH | 12/15/23 | $60.00 | $105.0K | 0 | 0 |
| CSCO | PUT | SWEEP | BULLISH | 04/19/24 | $55.00 | $91.8K | 1.0K | 0 |
| CSCO | CALL | SWEEP | BULLISH | 01/17/25 | $50.00 | $89.7K | 3.6K | 0 |
| CSCO | CALL | SWEEP | BULLISH | 01/17/25 | $47.50 | $89.4K | 2.9K | 0 |
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.
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?
- With a volume of 6,158,585, the price of CSCO is up 0.48% at $52.25.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 5 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
