CSCO Cisco Systems Options Ahead of Earnings

Updated
If you haven`t bought the dip on CSCO:
Cisco Systems, Inc. (CSCO) Big Revenue Miss, Cuts Guidance


Then analyzing the options chain and the chart patterns of CSCO Cisco Systems prior to the earnings report this week,
I would consider purchasing the 50usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $1.52.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.


Trade closed: target reached
CSCO reached $50.12 after the earnings release. The calls should have been profitable, but I haven't monitored the options chain back then.
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