Cisco Systems Unusual Options Activity For June 30
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Cisco Systems (NASDAQ:CSCO) as indicated by unusual options activity. The sentiment among big-money traders is split between 30% bullish and 69% bearish. The whales have been targeting a price range from $47.5 to $55.0 for Cisco Systems over the last 3 months. The price of CSCO is up 0.88% at $51.66.
June 30, 2023 | 5:31 pm
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Unusual options activity indicates a bearish stance on Cisco Systems. The sentiment among big-money traders is 69% bearish, targeting a price range from $47.5 to $55.0.
The unusual options activity and the bearish sentiment among big-money traders indicate a potential downward movement in the price of Cisco Systems. The targeted price range also suggests that the traders expect the price to drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100