Big financial players have taken a bold bearish stance on Cisco Systems, making waves in the options market. A close examination of the options history for Cisco Systems (CSCO) has unveiled 15 intriguing trades.
Drilling down into the specifics, a breakdown showed that 33% of traders held bullish views, while 66% leaned towards bearish sentiments. The discovered trades included 6 puts, valued at $378,392, and 9 calls, carrying a value of $417,528.
Anticipated Price Range
Scrutinizing the Volume and Open Interest in these trades reveals a targeted price range of $30.0 to $75.0 for Cisco Systems by the big players in the preceding quarter.
Analysis of Volume & Open Interest Trends
A delve into volume and open interest trends provides critical insights for stock evaluation. This data plays a vital role in determining liquidity and interest levels for Cisco Systems’ options within specific strike price ranges, spanning from $30.0 to $75.0 over the past month.
Insightful Options Activity for Cisco Systems Over the Last 30 Days
Notable Options Movements:
| 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 |
Insightful Look at Cisco Systems
Cisco Systems reigns as the largest provider of networking equipment globally and one of the behemoths in software. The company’s core operations revolve around networking hardware, software (where it commands leading market shares), cybersecurity software like firewalls, collaboration products such as Webex, and observability tools. With an extensive sales and marketing fleet spanning 90 countries, Cisco outsources its manufacturing and boasts 80,000 global employees.
After a meticulous review of Cisco Systems’ options trading dynamics, onward we march to dissect the company’s intricacies further, evaluating its current market position and performance.
Current Market Position of Cisco Systems
- With a trading volume of 6,142,458, CSCO sits at $50.22, marking a 0.22% uptick.
- RSI indicators drop hints that the underlying stock might be veering towards overbought territory.
- The next earnings announcement is slated for release in 62 days.
Expert Analyst Ratings for Cisco Systems
Over the last month, 2 industry analysts proffered their views on Cisco Systems, suggesting a mean target price of $50.0.
- A revisions from Wells Fargo has shifted the rating to Equal-Weight, aligning the price target at $52.
- Consistency reigns as Barclays sticks to an Equal-Weight rating on Cisco Systems, maintaining a target price of $48.
Options introduce more risk than just stock trading, yet they bear higher profit prospects. Astute options traders mitigate this risk through daily education, strategic trade scaling, monitoring multiple indicators, and vigilant market tracking.