The finance titans have taken a marked bearish stance on Cisco Systems. Scrutinizing the options history for Cisco Systems revealed 15 unusual trades.
Upon delving deeper, it surfaced that 33% of traders harbored bullish sentiments, while 66% gravitated towards bearish tendencies. Of all the trades unearthed, 6 were puts amounting to $378,392 and 9 were calls totaling $417,528.
Foreseen Price Ranges
A meticulous analysis of the Volume and Open Interest in these contracts indicates that significant players have set their sights on a price corridor from $30.0 to $75.0 for Cisco Systems during the recent quarter.
Market Trends: Volume & Open Interest Analysis
Closely inspecting the volume and open interest yields invaluable insights into stock research. This data plays a pivotal role in assessing the liquidity and engagement levels for Cisco Systems’s options within specific strike prices ranging from $30.0 to $75.0 over the last month.
Options Activity for Cisco Systems in the Past 30 Days
Standout Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| CSCO | PUT | TRADE | BULLISH | 03/15/24 | $51.00 | $103.7K | 866 | 795 |
| CSCO | PUT | SWEEP | BULLISH | 04/19/24 | $75.00 | $102.2K | 2 | 0 |
| CSCO | CALL | SWEEP | BEARISH | 04/19/24 | $30.00 | $88.6K | 81 | 6 |
| CSCO | PUT | SWEEP | BULLISH | 04/19/24 | $65.00 | $84.0K | 1 | 0 |
| CSCO | CALL | SWEEP | BEARISH | 04/19/24 | $40.00 | $63.1K | 182 | 14 |
About Cisco Systems
Cisco Systems stands as the foremost provider of networking equipment globally and one of the largest software enterprises worldwide. Its mainstay businesses include vending networking hardware and software with leading market stakes, along with cybersecurity software like firewalls. Furthermore, it offers collaboration tools such as the Webex suite and observability solutions. The company predominantly outsources its manufacturing and boasts a robust sales and marketing squad spanning 25,000 individuals across 90 nations. All in all, Cisco hosts a workforce of 80,000 employees and markets its products on a global scale.
Following an exhaustive review of the options trading activity enveloping Cisco Systems, the spotlight shifts to a detailed evaluation of the company. This entails an in-depth exploration of its present market stance and operational performance.
Current Position of Cisco Systems in the Market
- With a trading volume of 6,142,458, CSCO’s value has risen by 0.22% to reach $50.22.
- Indicators from the RSI suggest that the stock may be veering towards an overbought status.
- The upcoming earnings report is slated for release in 62 days.
Analyst Ratings for Cisco Systems
In the previous month, 2 industry analysts have weighed in on this stock, projecting an average target price of $50.0.
- A Wells Fargo analyst has downgraded the rating to Equal-Weight, with a revised price target of $52.
- Persisting in their assessment, a Barclays analyst maintains an Equal-Weight rating on Cisco Systems with a target price of $48.
Options constitute a riskier asset compared to stock trading alone, yet they offer heightened profit potential. Seasoned options traders mitigate this risk by dedicating time to daily education, employing a strategy of scaling in and out of trades, incorporating multiple indicators, and vigilantly tracking market movements.
Stay abreast of the latest options trading activities related to Cisco Systems with real-time alerts from Benzinga Pro.