Financial giants have made a conspicuous bullish move on Cisco Systems. Our analysis of options history for Cisco Systems CSCO revealed 15 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $657,009, and 3 were calls, valued at $99,932.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $37.5 to $52.5 for Cisco Systems during the past quarter.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Cisco Systems's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cisco Systems's significant trades, within a strike price range of $37.5 to $52.5, over the past month.
Cisco Systems Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CSCO | PUT | TRADE | BEARISH | 01/17/25 | $37.50 | $171.6K | 1.4K | 3.1K |
| CSCO | PUT | TRADE | BEARISH | 01/17/25 | $37.50 | $157.5K | 1.4K | 2 |
| CSCO | PUT | SWEEP | BULLISH | 01/19/24 | $52.50 | $41.4K | 13.4K | 0 |
| CSCO | CALL | TRADE | BEARISH | 06/21/24 | $47.50 | $38.7K | 3.8K | 628 |
| CSCO | PUT | TRADE | BULLISH | 06/21/24 | $47.50 | $36.3K | 6.9K | 153 |
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.
In light of the recent options history for Cisco Systems, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Cisco Systems
- With a trading volume of 3,352,215, the price of CSCO is up by 0.52%, reaching $48.1.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 77 days from now.
What Analysts Are Saying About Cisco Systems
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $51.8.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Cisco Systems, targeting a price of $50.
- Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Cisco Systems with a target price of $54.
- In a cautious move, an analyst from DZ Bank downgraded its rating to Hold, setting a price target of $50.
- An analyst from Rosenblatt has decided to maintain their Neutral rating on Cisco Systems, which currently sits at a price target of $51.
- Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Cisco Systems, targeting a price of $54.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Cisco Systems with Benzinga Pro for real-time alerts.
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