Check Out What Whales Are Doing With CSCO
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a divided sentiment towards Cisco Systems (NASDAQ:CSCO), with options trading activity indicating both bullish and bearish positions. Benzinga's tracking revealed significant options activity, with an equal split between puts and calls. The trading suggests these investors anticipate Cisco's stock to fluctuate between $40.0 and $55.0 over the next three months. The largest trades include both bearish puts and bullish calls, with notable volumes and open interest. Cisco Systems, a leading networking equipment and software provider, is currently experiencing a slight decrease in stock price, with an earnings announcement expected soon.
May 06, 2024 | 7:15 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Significant options activity on Cisco Systems indicates a divided sentiment among large investors, with an anticipation of stock price movement between $40 and $55 in the short term.
The significant options activity, with an equal split between bullish and bearish positions, suggests uncertainty about Cisco's short-term price direction. However, the upcoming earnings announcement could serve as a potential catalyst for price movement, making the short-term impact neutral until more information becomes available.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100