Looking At Cisco Systems's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in Cisco Systems (NASDAQ:CSCO), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 16 uncommon options trades, with 87% being bearish. The targeted price range for Cisco Systems over the last 3 months is $42.5 to $52.5.
June 07, 2023 | 6:47 pm
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A large investor has taken a bearish stance on Cisco Systems (NASDAQ:CSCO) with 87% of 16 uncommon options trades being bearish. The targeted price range for Cisco Systems over the last 3 months is $42.5 to $52.5.
The large investor's bearish stance on Cisco Systems indicates that they may have information or expectations that the stock price will decline in the short term. This could lead to increased selling pressure and a potential drop in the stock price. The targeted price range of $42.5 to $52.5 also suggests that the investor expects the stock to trade within this range, which could impact the stock's short-term performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100