Cisco Casino Play Lotto scratch off play.

[hajimow]

Quote from dhpar:

i have to give it to you. this seems to be surprisingly weak. let's hear the CC.

if we go below 20.90 i may even lose some money which i thought impossible. disappointing.

Your honesty is very appreciated. Now it is 20.14 @ 5:03 ET

 

[tivthetrader]

flat out great call. You gave a totally low risk call, against the grain, and called it to a tee. Great Call.

 

[GG1972]

Good call man hope you were a boatload short-congrats

 

[empee]

yea very nice call, good R/R, very nice trade hat tip to you sir

 

[spindr0]

Yes, it was a good call, ummmm put call

If at the current price at 9:30 AM, the puts should anywhere from 25-35 cents, depending on how much IV collapses. If CSCO rallies in the pre-market (say 20.50 or higher) and IV collapses to pre EA levels, you won't see anywhere near that gain at 9:30 AM and possibly none.

Food for thought: For long puts, the gain will be determined by where CSCO trades when options open at 9:30 AM not the low print of the pre-market. If it sells off more during the pre-market (say 19.50), you can lock in the ITM amount by going long the shares. You'll give up the remaining time value but you won't be hurt by a reversal back above 20.

 

[noob_trad3r]

crap I missed this casino post. the last one made me good money with the IWM one you posted.

you need to post these in the same area since I missed a few of them.

 

[noob_trad3r]

holy crap the options are like 80 cents now 720% return!!

 

[shortie]

Great call, touched 19.12 this morning!

 

[ScalperJoe]

Quote from KINGOFSHORTS:

Here is a Casino play for those who want to wager a small sum of 70-80 dollars.

I recommend putting in a bid of 7-8 cents for the FEB 20 puts on tuesday.

Cisco Management is a joke and for a very small fun wager of 70 bucks the odds are on your favor due to the piss poor management that runs Cisco.

10 contracts gives you 1000 shares.

If the dipshit management fails to impress. and CSCO hits 21 bucks, you can cash out if you wish for 240-250 dollars and call it a day.

I would not be surprised one bit for that light in the loafers CEO to spook the bulls into selling on the 9th.

Or if you want, you can say "NO DEAL!"

and dont be surprised if CSCO hits 19 bucks and you can walk home with 1100 bucks.


All that fun and excitement for a measly 70-80 bucks. How can you say no to this Casino play?

CSCO has been destroying shareholder value for the past TEN YEARS, that's FOURTY QUARTERS of FAILING to deliver to shareholders, while management continues to rake in millions. It's a great trading stock though, pick up in the teens and sell in the 20's, I've been doing this trade several times over the years.

Good call on the puts, that was a true winner.

 

[Crispy]

Very nice call!