Unpacking the Latest Options Trading Trends in Cisco Systems
Portfolio Pulse from Benzinga Insights
Recent options trading trends indicate a bearish sentiment among big-money investors towards Cisco Systems (NASDAQ:CSCO), with 50% of trades being bearish. The options activity suggests a focus on a price range between $45.0 and $52.5. Despite this, some analysts maintain a positive outlook with price targets up to $58.
August 19, 2024 | 4:00 pm
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Options trading trends show a bearish sentiment among big-money investors for Cisco Systems, with 50% of trades being bearish. The focus is on a price range between $45.0 and $52.5. Despite this, some analysts maintain a positive outlook with price targets up to $58.
The article highlights a significant bearish sentiment among large investors in Cisco's options market, with 50% of trades being bearish. This could indicate a potential short-term downward pressure on the stock price. However, analysts' price targets remain optimistic, suggesting a mixed outlook.
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