Looking At Cisco Systems's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Cisco Systems (NASDAQ:CSCO), with 54% of recent trades being bearish and 45% bullish. The total amount for put options was $707,290 and for call options was $503,325. The targeted price range for Cisco Systems over the last 3 months has been $45.0 to $55.0. The current price of CSCO is up 0.93% at $52.67, with the next earnings expected in 13 days.
November 02, 2023 | 6:03 pm
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Bearish stance taken on Cisco Systems with majority of recent trades being bearish. The targeted price range over the last 3 months is $45.0 to $55.0. Current price is up 0.93% at $52.67.
The bearish stance taken by a significant investor, along with the majority of recent trades being bearish, indicates a potential downward pressure on Cisco Systems' stock price. The targeted price range over the last 3 months being $45.0 to $55.0, and the current price being at the higher end of this range, further supports this. However, the stock price is currently up, indicating some positive sentiment in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100