Cisco Systems Sees Aggressive Bullish Options Activity as $135 Call Sweep Dominates Flow

By TrendSpider Editor

Cisco Systems (CSCO) is attracting significant options market attention today, with a dominant $1,794,000 call sweep at the $135 strike driving a total unusual premium of $1,888,538 across four flagged contracts. The stock is trading at $112.97, up 0.70% on the session, and sits well within its 52-w

Cisco Systems Sees Aggressive Bullish Options Activity as $135 Call Sweep Dominates Flow

Cisco Systems (CSCO) is attracting significant options market attention today, with a dominant $1,794,000 call sweep at the $135 strike driving a total unusual premium of $1,888,538 across four flagged contracts. The stock is trading at $112.97, up 0.70% on the session, and sits well within its 52-week range of $65.75 to $130.37, meaning the largest call strike in today's flow is targeting a move above the stock's one-year high. The skew toward calls in today's activity suggests at least some institutional players are positioning for a meaningful breakout in the weeks and months ahead.

Key Drivers of the CSCO Stock Move

The forward setup for CSCO leans constructive based on today's options flow, with the dominant September $135 call positioning suggesting confidence in a sustained move higher through mid-September 2026. That said, the $112 put with its extreme OI ratio warrants monitoring, as it may reflect someone hedging against near-term downside right at current support. With the stock already trading above the midpoint of its 52-week range and approaching last year's highs, the $135 and $140 call strikes represent significant upside targets of roughly 19% and 24% respectively from today's price. Traders will likely watch how the stock responds to any upcoming catalysts that could provide the momentum options players appear to be anticipating.

CSCO Unusual Options Activity

Three of the four flagged contracts are calls, with total unusual premium across all contracts reaching $1,888,538. The September $135 call dominates the flow and accounts for $1,794,000 of that total. The $115 call expiring August 28, 2026, while smaller at 50 contracts, carries a 385% OI ratio, further supporting the theme of fresh bullish positioning across near-term expirations.

CSCO Seasonality

Late July and August have historically represented an active period for technology sector repricing as earnings season winds down and forward guidance from major networking and infrastructure names gets digested. With Cisco's fiscal year typically concluding in late July, options flow in this window often reflects positioning ahead of annual results and forward outlooks.

CSCO Relative Performance

CSCO is up 0.70% today at $112.97, trading near the upper half of its 52-week range of $65.75 to $130.37. The stock has more than recovered from its 52-week low and is within roughly 15% of its 52-week high, suggesting relative strength compared to the broader range established over the past year. Today's modest price gain combined with heavy call-side options activity points to a stock that may be building momentum into the back half of the summer.

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