Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said why he thinks Cisco Systems, Inc. CSCO is interesting.
“Nobody thinks that Cisco is a volatile stock. If you look at Cisco’s historical volatility percentile, it’s at 100 percent,” according to Kinahan.
Looking at options activity, on Tuesday, Kinahan saw buyers of weekly options at the $29 strike level and on Wednesday, the weekly $27.50 Calls were most active.
Cisco reports fiscal Q2 earnings after the market close on Wednesday.
Heading into the earnings release, Cisco Systems, Inc. traded at $26.99, down 1.82 percent.
Kevin Riley and Brianna Valleskey contributed to this report.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.