Financial giants have shown strong bullish sentiment towards Cisco Systems, with 12 unusual options trades detected by the OECD. Analysis revealed that 66% of traders were bullish, while 16% were bearish, with a total of 6 put options and 6 call options executed. The projected price targets for Cisco Systems were in the $40.0 to $60.0 range based on volume and open interest data.
Looking at the volume and open interest metrics for options trading is crucial to understanding the market sentiment. Over the past 30 days, call and put options within the $40.0 to $60.0 strike price range for Cisco Systems have seen significant activity. Some of the top option trades observed included bullish and bearish sentiments, with varying expiry dates and strike prices.
Cisco Systems is a global leader in networking equipment and software, with a strong presence in cybersecurity and collaboration products. The company employs 80,000 people and sells its products worldwide, with a focus on networking hardware and software.
Currently, the trading volume for Cisco Systems is at 8,312,634 shares, with the stock price at $47.31, showing a slight decrease. RSI indicators suggest that the stock is in a neutral position between overbought and oversold levels, with an earnings announcement expected in 43 days.
Options trading comes with higher risks and potential rewards, requiring traders to stay informed, adapt their strategies, and monitor market indicators closely. Benzinga Pro provides real-time alerts on Cisco Systems options trades to help traders stay ahead of the market trends.
In conclusion, the bullish activity towards Cisco Systems by financial giants, coupled with the analysis of options trades and market indicators, indicates a positive outlook for the company. Traders should continue to stay informed and adapt their strategies to navigate the risks and potential rewards of options trading effectively.
Article Source
https://www.benzinga.com/insights/options/24/07/39605698/unpacking-the-latest-options-trading-trends-in-cisco-systems