Wednesday, December 14, 2011

CISCO - Closed Covered Calls

The market and tech stocks continued to get hammered today, and CSCO fell back under $18.  CCI used this "opportunity" to closed the Jan $19 CSCO covered calls.  Made a $.51 profit on this covered call trade.  The portfolio continues to be long the Jan12 $10 calls.  Will look to exit or roll these calls if/when CSCO rebounds.

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