CSCO Cisco Systems Options Ahead of Earnings

TopgOptions Updated   
NASDAQ:CSCO   Cisco Systems, Inc.
If you haven`t sold CSCO here:
Or reentered here:

Then analyzing the options chain and the chart patterns of CSCO Cisco Systems prior to the earnings report this week,
I would consider purchasing the 53usd strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $1.77.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Looking forward to read your opinion about it.

Trade closed: target reached:
CSCO traded at $55.83 after earnings, and the calls went up from $1.77 (when I wrote this article) to $2.95 intraday, for a decent 70% gain!


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.