Deep-pocketed investors have adopted a bullish 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 8 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 50% leaning bullish and 50% bearish. Among these notable options, 4 are puts, totaling $395,874, and 4 are calls, amounting to $229,107.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $55.0 for Cisco Systems over the recent three 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 $55.0 in the last 30 days.
Cisco Systems Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CSCO | PUT | TRADE | BEARISH | 08/16/24 | $1.39 | $1.35 | $1.38 | $45.00 | $276.0K | 3.6K | 2.0K |
| CSCO | CALL | SWEEP | BULLISH | 05/10/24 | $0.89 | $0.69 | $0.74 | $46.50 | $108.3K | 724 | 1.5K |
| CSCO | CALL | SWEEP | BULLISH | 03/21/25 | $9.45 | $9.35 | $9.45 | $40.00 | $53.8K | 20 | 1 |
| CSCO | PUT | SWEEP | BEARISH | 03/21/25 | $8.5 | $8.4 | $8.5 | $55.00 | $42.5K | 409 | 24 |
| CSCO | PUT | SWEEP | BULLISH | 05/17/24 | $1.25 | $1.24 | $1.24 | $47.00 | $41.0K | 4.0K | 805 |
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
Present Market Standing of Cisco Systems
- Trading volume stands at 6,167,430, with CSCO's price down by -0.12%, positioned at $47.07.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 9 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.
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