Spotlight on Cisco Systems: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bullish sentiment towards Cisco Systems (NASDAQ:CSCO), with a significant surge in options activity detected by Benzinga's options scanner. The activity includes 8 notable options trades, with 75% being bullish and 25% bearish. The trades target a price range of $45.0 to $60.0 for CSCO over the next 3 months. Currently, CSCO's stock is slightly down by -0.18%, trading at $50.04, with an anticipated earnings release in 2 days.
February 12, 2024 | 3:30 pm
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Cisco Systems has experienced a notable surge in options activity, with a bullish sentiment from investors targeting a price range of $45.0 to $60.0. The stock is currently trading at $50.04, slightly down by -0.18%, with earnings expected in 2 days.
The surge in options activity, particularly the bullish sentiment among investors, suggests a positive outlook for CSCO's stock price in the short term. The anticipation of the earnings release in 2 days adds to the potential for price movement. However, the current slight downturn indicates market uncertainty, which is why the confidence level is not at 100.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100