CSCO, MSFT, INTC,.... are mosnter companies and they don't move as someone would wish. However, you can make money off of them if you swing trade them. Like it is obvious (not 100%) that CSCO would close at 16.99-17.01 by tomorrow just to make the weekly calls and puts worthless. Now, CSCO is becoming a dangerous short since there is no juice left.
My trading idea was to short 17 straddle which was rigght on the money. My no to mention trades on CSCO were:
Bought 400 at 17.35 and sold at 17.51 and then bought 400 again at 17.35 which I currently own. It was in my health account that I usually don't trade.
My other prediction: Retail sales will be down a lot in May due to gas price. That will drag the market down in June.