Benzinga | Jan 6, 2022 02:14PM EST

What Are Whales Doing With Cisco Systems

A whale with a lot of money to spend has taken a noticeably bearish stance on Cisco Systems.

Looking at options history for Cisco Systems (NASDAQ:CSCO) we detected 14 strange trades.

If we consider the specifics of each trade, it is accurate to state that 21% of the investors opened trades with bullish expectations and 78% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $447,631 and 8, calls, for a total amount of $484,315.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $37.5 to $70.0 for Cisco Systems over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Cisco Systems's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Cisco Systems's whale activity within a strike price range from $37.5 to $70.0 in the last 30 days.

Cisco Systems Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/ Trade Sentiment Exp. Strike Total Trade Open Volume CALL Type Date Price Price InterestCSCO CALL TRADE BEARISH 01/19/ $55.00 $219.6K 607 196 24CSCO PUT TRADE NEUTRAL 01/20/ $45.00 $172.0K 12.1K 1.0K 23CSCO PUT SWEEP BULLISH 01/21/ $70.00 $117.4K 790 131 22CSCO CALL TRADE BULLISH 01/19/ $55.00 $82.8K 607 265 24CSCO PUT TRADE BEARISH 01/14/ $65.00 $53.5K 12 127 22

Where Is Cisco Systems Standing Right Now?

* With a volume of 10,041,122, the price of CSCO is up 0.81% at $60.77.

* RSI indicators hint that the underlying stock may be approaching overbought.

* Next earnings are expected to be released in 33 days.

What The Experts Say On Cisco Systems:

* Morgan Stanley has decided to maintain their Equal-Weight rating on Cisco Systems, which currently sits at a price target of $61.

* Citigroup has decided to maintain their Neutral rating on Cisco Systems, which currently sits at a price target of $65.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.