Followers | 679 |
Posts | 141019 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Tuesday, May 12, 2020 2:57:02 PM
By: Schaeffer's Investment Research | May 12, 2020
• Cisco is expected to post earnings after the market closes tomorrow
• The Dow stock looks to halt its streak of post-earnings bear gaps
For better or worse, the only Dow name stepping into the earnings confessional this week is Cisco Systems, Inc. (NASDAQ:CSCO), with the tech giant set to report first-quarter earnings after the close tomorrow, May 13. Ahead of the event, CSCO options traders are coming out in droves.
By noon, 60,000 Cisco calls have already changed hands, quadruple the average intraday amount and more than triple the number of puts traded. Leading the charge is the May 45 call, but there are new positions are being opened at the weekly 5/22 47-strike call. Buyers of that latter call are banking on a possible CSCO post-earnings rally to last through the next 10 days, when the options expire.
Looking back at the past two years, the stock has a choppy history following quarterly reports. Of the eight previous reports, the last three have been negative, including a 5.2% swing lower in February. The security averaged a 5.2% swing, regardless of direction, the day after its last eight reports, and this time around the options pits are pricing in a much larger 9.2% shift.
This preference for calls has been the norm in recent weeks, though. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), nearly five calls have been bought for every put during the past 10 days. This resultant 10-day call/put volume ratio ranks in the 88th percentile of its annual range, indicating a healthier-than-usual appetite for calls in the last two weeks.
While Cisco stock is up 1.6% today to trade at $44.01, it's still wrangling with a 8% year-to-date deficit, despite 63% of analysts holding "buy" ratings and not a single "sell" to be found. And while the shares are eyeing their fourth straight win today, they remain stuck between a trendline lower and their 1,000-day trendline.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent CSCO News
- BHP Bids $38.8 Billion for Anglo American; Biden Unveils Historic Micron Technology Deal, and More News • IH Market News • 04/25/2024 11:48:40 AM
- Cisco and Morgan Solar unlock clean energy adoption in office spaces • GlobeNewswire Inc. • 04/22/2024 03:00:54 PM
- Li Auto Stock Drops 7.3% Amid Tesla Price Cuts, Salesforce Retreats from Informatica Deal, and Other Market Updates • IH Market News • 04/22/2024 12:09:21 PM
- Cisco Reimagines Security for Data Centers and Clouds in Era of AI • PR Newswire (Canada) • 04/18/2024 07:00:00 AM
- Cisco Reimagines Security for Data Centers and Clouds in Era of AI • PR Newswire (US) • 04/18/2024 07:00:00 AM
- Cisco Completes Acquisition of Isovalent to Define the Future of Multicloud Networking and Security • PR Newswire (US) • 04/12/2024 10:35:00 PM
- Cisco to Host Tech Talk on Splunk • PR Newswire (US) • 04/10/2024 08:30:00 PM
- FMP Alliance Forms to Advance Innovative Fault Managed Power Technology • PR Newswire (US) • 04/08/2024 01:15:00 PM
- Cisco and BoA to Host Tech Talk on Security from RSA 2024 • PR Newswire (US) • 04/04/2024 12:00:00 PM
- Leading Companies Launch Consortium to Address AI's Impact on the Technology Workforce • PR Newswire (US) • 04/04/2024 11:30:00 AM
- Analysts’ Recommendations for March 27th: FedEx, Visa, Uber, Adobe… • IH Market News • 03/27/2024 12:13:10 PM
- Cisco Study Reveals Very Few Organizations in Canada Prepared to Defend Against Today's Rapidly Evolving Threat Landscape • GlobeNewswire Inc. • 03/27/2024 10:00:00 AM
- Cisco Study Reveals Very Few Organizations Prepared to Defend Against Today's Rapidly Evolving Threat Landscape • PR Newswire (US) • 03/27/2024 07:17:00 AM
- Cisco Hybrid Work Study Reveals Companies' Need to Modernize Offices • PR Newswire (US) • 03/26/2024 03:00:00 PM
- Cisco and Ford Motor Company Rollout Webex App for Productivity on the Move • PR Newswire (US) • 03/26/2024 03:00:00 PM
- Cisco Furthers Customer Experience Momentum with New Offerings That Extend Customer Value • PR Newswire (US) • 03/26/2024 03:00:00 PM
- Cisco Announces New Multifunctional Collaboration Devices for Hybrid Work • PR Newswire (US) • 03/25/2024 03:00:00 PM
- Cisco Completes Acquisition of Splunk • PR Newswire (US) • 03/18/2024 12:40:00 PM
- Cisco Completes Acquisition of Splunk • PR Newswire (Canada) • 03/18/2024 12:30:00 PM
- Cisco Completes Acquisition of Splunk • PR Newswire (US) • 03/18/2024 12:30:00 PM
- Adobe Stock Drops Following Below-Estimate Projections, Cardlytics Surges with Unexpected Profit, and More News • IH Market News • 03/15/2024 11:30:55 AM
- Cisco and Raymond James to Host a Tech Talk at OFC 2024 • PR Newswire (US) • 03/13/2024 12:00:00 PM
- RAI Amsterdam Selects Cisco and Radware for Cloud Security • GlobeNewswire Inc. • 03/13/2024 10:00:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/11/2024 08:32:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 09:21:02 PM
FEATURED NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM