BATS:CSCO   Cisco Systems, Inc.
Earning 11/15/2023 GAP Down,
12/11 Gap up above consolidation,

Long 49.3
Stop 45
Target 58

Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.

BuyToOpen 2024 Jun Call spread C52.5/60
Limit 1.54
SellToOpen 2024 Jun Put P42.5
Limit 0.87

Total cost 0.77, if price stays between 42.5 and 53.2, max loss 0.77x $100.

Stop below 39, max loss about $4.2 x100.
SellToClose 2024 Jun Call spread C52.5/60, Limit 0.87
BuyToClose 2024 Jun Put P42.5, Limit 0.29
Loss: 0.87 - 0.29 - 0.77 = -0.19

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