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A Closer Look at Cisco Systems's Options Market Dynamics

Author: Benzinga Insights | April 22, 2024 12:15pm

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

Looking at options history for Cisco Systems (NASDAQ:CSCO) we detected 10 trades.

If we consider the specifics of each trade, it is accurate to state that 40% 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 $354,242 and 6, calls, for a total amount of $494,175.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $42.5 to $52.5 for Cisco Systems over the last 3 months.

Volume & Open Interest Trends

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 $42.5 to $52.5 in the last 30 days.

Cisco Systems Option Activity Analysis: Last 30 Days

Options Call Chart

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
CSCO CALL SWEEP BULLISH 10/18/24 $2.38 $2.37 $2.38 $50.00 $203.9K 4.9K 863
CSCO PUT SWEEP BEARISH 05/17/24 $0.98 $0.97 $0.98 $47.00 $165.3K 0 1.3K
CSCO PUT SWEEP BEARISH 05/17/24 $0.99 $0.98 $0.99 $47.00 $85.9K 0 2.6K
CSCO CALL SWEEP BULLISH 01/17/25 $7.85 $7.75 $7.85 $42.50 $85.5K 533 0
CSCO CALL SWEEP BEARISH 06/21/24 $0.47 $0.45 $0.45 $52.50 $77.7K 37.4K 1.7K

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

Where Is Cisco Systems Standing Right Now?

  • Trading volume stands at 4,847,714, with CSCO's price up by 0.52%, positioned at $48.57.
  • RSI indicators show the stock to be is currently neutral between overbought and oversold.
  • Earnings announcement expected in 23 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

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