Wednesday, April 13, 2011

Cisco - Take 2

I guess the excitement over the CEO email is now beind us, and the first real announcement of the discontinuance of the flip video camera was not that exciting.

Cisco stock pulled back to $17.25 today. is deja vu all over again.

Bought the Jan $10 call and sold the May $18 call against it for net cost of $7.01. That essentially makes the portfolio long one lot at essentially $17.01. Still thinking that is a good entry price for the stock. Time will tell.

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