this strangle just might result in my shares getting called away... i won't be upset to make some $$... but it would be nice if both expire worthless! i THINK that 46.23 support will keep us from getting called away; time will tell :)
Trade active:
bought back the june puts for .11... decided to just take the 50%!
Trade closed: stop reached:
with earnings coming up and getting so close to my strike, i wanted to ensure i won't get called away. i think that we will have a good earnings report and CSCO will gap up above 47... 2 days before option expiration. if we gap up, the gain will be greater than our loss here. additionally, the june leg of this strangle was closed out for a 50% win... so over we are up on this strangle!
