mikeffi
Long

CSCO taking advantage of post-earnings spike and premiums

NASDAQ:CSCO   CISCO SYS INC
13 0 0
CSCOs results impressed the market with an almost 10% gain in the underlying in the last sessoin, so obliterating previous resistance at $28.50. There may be an opportunity for a hogh premium credit spread ( bull put) short term or even covered call to take advantage of further demand on buying.
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