Market Whales and Their Recent Bets on CSCO Options
Portfolio Pulse from Benzinga Insights
Whales have shown a bearish stance on Cisco Systems (CSCO), with 85% of recent options trades being bearish. Significant activity in options trading for CSCO has been observed, with a focus on strike prices ranging from $42.5 to $52.5. The market's current status shows CSCO's price at $48.13, down by -0.39%, with an RSI indicating a neutral position. The volume of trades and open interest in options provides insights into market expectations and liquidity for CSCO.
April 24, 2024 | 4:45 pm
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NEGATIVE IMPACT
Whales' bearish bets on CSCO options suggest a negative outlook, with a significant focus on strike prices between $42.5 and $52.5. The current market status shows a slight decrease in CSCO's stock price, with neutral RSI readings and an upcoming earnings release.
The bearish sentiment among whales, indicated by 85% of the trades being bearish, suggests a potential short-term negative impact on CSCO's stock price. The focus on specific strike prices and the current neutral RSI readings provide further context for this analysis. The upcoming earnings release adds a layer of uncertainty, potentially influencing stock price movements.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100