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CISCO DRNCISCO DRNCISCO DRN

CISCO DRN

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CSCO34 trade ideas

CSCO - Turned Bullish - Short Term EntryCSCO (3 days ago) broke out of wedge pattern, had bullish EMA cross, and price crossed the 10WeekMA. These are all bullish signs. Trend on Weekly view just turned bullish. In my opinion, this should provide a good short term entry. My play below outlines how I reduce risk and maintain short-term entry in CSCO. My play here 27-Dec Expiry - 45/50 put credit spread. $2.10 or more credit. Close in 1-2 days at $1.36 debit or less preferably. In this example, we are selling puts below current price which we expect to expire worthless. Since we sell them, we want them to expire worthless so we keep the credit. You choose to hold to expiration to keep max $210 credit, or close around 50% profit in day or two. We can repeat this as long as trend continues, using options about 14 days out selling them and getting out in 2 days. Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long BTCUSD, GBTC
NASDAQ:CSCOLong
by MoneyPatterns
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