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Surge in Options Trading Activity for Major Companies

In a significant market development, options trading has surged for Uber, Fluor, and Cisco. This uptick in trading volumes can impact investor sentiment and potential stock price movements for these companies.

Date: 
AI Rating:   6

Analyzing Options Trading Activity

This report highlights notable options trading activities among Uber Technologies Inc (UBER), Fluor Corp. (FLR), and Cisco Systems Inc (CSCO). Significant increases in options contracts traded indicate heightened investor interest and speculation in these stocks.

For UBER, a notable volume of 251,810 contracts reflects about 25.2 million underlying shares, which is 78.9% of its average daily trading volume over the past month. Particularly, the $80 strike call option expiring in February 2025 has seen high interest, suggesting optimistic sentiment among traders. This could potentially lead to upward pressure on UBER’s stock price if this optimism translates to actual stock purchases.

FLR recorded a trading volume of 21,254 contracts, or approximately 2.1 million underlying shares, representing 76.5% of its average daily volume. The interest in $42.50 strike put options expiring in February 2025 indicates bearish sentiment, which could cause concern among investors and potentially lead to downward price pressure.

CSCO’s options activity highlighted 139,100 contracts traded, accounting for about 13.9 million underlying shares and 72.5% of its average daily volume. The high trading volume of the $80 strike call option expiring in January 2026 suggests a strong bullish outlook from investors, which could support an upward trend in CSCO's stock price.

Conclusion

The options trading activities suggest mixed sentiments among these companies. While UBER and CSCO exhibit bullish trends, FLR shows signs of bearish sentiment. Such factors will likely affect stock prices as traders react to the prevailing market sentiments.