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Unpacking the Latest Options Trading Trends in Cisco Systems

Author: Benzinga Insights | July 02, 2024 04:01pm

Financial giants have made a conspicuous bullish move on Cisco Systems. Our analysis of options history for Cisco Systems (NASDAQ:CSCO) revealed 12 unusual trades.

Delving into the details, we found 66% of traders were bullish, while 16% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $511,394, and 6 were calls, valued at $407,137.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $60.0 for Cisco Systems during the past quarter.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $40.0 to $60.0 in the last 30 days.

Cisco Systems Call and Put Volume: 30-Day Overview

Options Call Chart

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 BULLISH 08/16/24 $0.71 $0.68 $0.68 $45.00 $142.8K 9.7K 351
CSCO PUT SWEEP BULLISH 10/18/24 $10.4 $10.25 $10.25 $57.50 $140.4K 122 0
CSCO CALL SWEEP BEARISH 06/20/25 $5.85 $5.8 $5.75 $45.00 $120.9K 544 0
CSCO CALL SWEEP BULLISH 03/21/25 $2.28 $2.27 $2.28 $50.00 $118.6K 2.1K 2
CSCO PUT SWEEP NEUTRAL 07/12/24 $0.85 $0.85 $0.85 $47.50 $105.5K 186 18

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.

Current Position of Cisco Systems

  • Trading volume stands at 8,312,634, with CSCO's price down by -0.43%, positioned at $47.31.
  • RSI indicators show the stock to be is currently neutral between overbought and oversold.
  • Earnings announcement expected in 43 days.

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.

Posted In: CSCO