Another stock collapsing this morning is Cisco Stock (CSCO) following their earnings release. In this trade with the stock down 12% I entered a covered call trade in the hopes of earning more profit and getting a bit of protection as well, just in case the stock keeps falling. 12% down though is quite a drop for Cisco Stock (CSCO).
The trade alert provides the details and comments on handling the trade.
The rest of this trade alert and ideas article is for FullyInformed Members.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
