Deep-pocketed investors have adopted a bearish 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 13 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 46% leaning bullish and 53% bearish. Among these notable options, 5 are puts, totaling $353,275, and 8 are calls, amounting to $1,570,803.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $50.0 for Cisco Systems over the recent three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Cisco Systems stands at 12516.0, with a total volume reaching 7,861.00. 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 $30.0 to $50.0, throughout the last 30 days.
Cisco Systems Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CSCO | CALL | TRADE | NEUTRAL | 06/21/24 | $45.00 | $1.3M | 14.4K | 2 |
| CSCO | PUT | TRADE | BULLISH | 03/15/24 | $45.00 | $140.4K | 3.0K | 38 |
| CSCO | PUT | SWEEP | BEARISH | 03/15/24 | $50.00 | $82.5K | 2.0K | 0 |
| CSCO | PUT | SWEEP | BULLISH | 01/19/24 | $47.50 | $73.7K | 32.5K | 2.4K |
| CSCO | CALL | SWEEP | BULLISH | 01/19/24 | $50.00 | $48.5K | 28.5K | 3.2K |
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
Current Position of Cisco Systems
- Trading volume stands at 10,351,174, with CSCO's price down by -0.3%, positioned at $47.61.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 86 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.
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