Friday, October 21, 2011

Cisco - Rolled Covered Calls to Nov.

Cisco  (CSCO) has continued moving up. 

CCI rolled the Oct. $16 covered calls forward to Nov.  for a $.24 /share credit.  Earnings are Nov. 9.  That should create some volatility in the stock and may present the opportunity to trade around these option positions still with the intent of closing this trade.

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