Cisco Systems's Options: A Look at What the Big Money is Thinking

Whales with a lot of money to spend have taken a noticeably bullish stance on Cisco Systems.

Looking at options history for Cisco Systems CSCO we detected 10 trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $157,112 and 6, calls, for a total amount of $183,956.

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 $47.5 to $52.5 for Cisco Systems over the last 3 months.

Volume & Open Interest Trends

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Cisco Systems's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Cisco Systems's substantial trades, within a strike price spectrum from $47.5 to $52.5 over the preceding 30 days.

Cisco Systems Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

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.

Following our analysis of the options activities associated with Cisco Systems, we pivot to a closer look at the company's own performance.

Cisco Systems's Current Market Status

• With a trading volume of 13,448,858, the price of CSCO is up by 1.16%, reaching $48.94.
• Current RSI values indicate that the stock is may be approaching oversold.
• Next earnings report is scheduled for 65 days from now.

Expert Opinions on 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.

• An analyst from Piper Sandler has decided to maintain their Neutral rating on Cisco Systems, which currently sits at a price target of $50.
• Reflecting concerns, an analyst from DZ Bank lowers its rating to Hold with a new price target of $50.
• An analyst from UBS persists with their Neutral rating on Cisco Systems, maintaining a target price of $54.
• Consistent in their evaluation, an analyst from Rosenblatt keeps a Neutral rating on Cisco Systems with a target price of $51.
• An analyst from Oppenheimer persists with their Outperform rating on Cisco Systems, maintaining a target price of $54.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Cisco Systems options trades with real-time alerts from Benzinga Pro.