Cisco Systems Unusual Options Activity For September 26
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Cisco Systems (NASDAQ:CSCO), with a split sentiment of 50% bullish and 50% bearish among big-money traders. The activity includes 6 puts and 6 calls, with total amounts of $249,057 and $352,810 respectively. Whales have been targeting a price range from $52.5 to $55.0 for Cisco Systems over the last 3 months. The current price of CSCO is down -1.28% at $52.8. Tigress Financial maintains a Buy rating on Cisco Systems with a price target of $76, while B of A Securities maintains a Neutral rating with a price target of $60.
September 26, 2023 | 4:45 pm
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Unusual options activity observed for Cisco Systems. The sentiment among big-money traders is split 50% bullish and 50% bearish. The current price is down -1.28% at $52.8.
The unusual options activity and split sentiment among big-money traders indicate uncertainty about the short-term price direction of Cisco Systems. However, the current price is down, which could potentially attract buyers if the stock is perceived to be oversold. The maintained Buy and Neutral ratings from Tigress Financial and B of A Securities respectively also suggest a mixed outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100