Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Benzinga Insights

What Are Whales Doing With Cisco Systems

A whale with a lot of money to spend has taken a noticeably bearish stance on Cisco Systems.

Looking at options history for Cisco Systems (NASDAQ:CSCO) we detected 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $116,680 and 8, calls, for a total amount of $398,760.

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 $33.0 to $50.0 for Cisco Systems over the last 3 months.

Volume & Open Interest Development

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 $33.0 to $50.0 in the last 30 days.

Cisco Systems Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CSCO CALL SWEEP BEARISH 01/20/23 $50.00 $83.7K 11.8K 460
CSCO CALL TRADE BEARISH 10/21/22 $50.00 $55.5K 4.5K 165
CSCO PUT TRADE BULLISH 06/17/22 $50.00 $53.5K 31.9K 188
CSCO CALL TRADE BEARISH 06/17/22 $50.00 $49.0K 6.6K 321
CSCO CALL SWEEP BEARISH 01/20/23 $50.00 $48.2K 11.8K 566

Where Is Cisco Systems Standing Right Now?

  • With a volume of 3,310,211, the price of CSCO is down -1.62% at $49.78.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 0 days.

What The Experts Say On Cisco Systems:

  • Credit Suisse has decided to maintain their Outperform rating on Cisco Systems, which currently sits at a price target of $72.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for {d[company_name]}, Benzinga Progives you real-time options trades alerts.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.