10:20am (EST)

Cisco Systems (CSCO, $15.59, up $0.16)

Sell to OPEN August 17 call (CSCO110820C00017000, $0.30, flat)

Action:  With Cisco over $16, it’s time to write another call.  Sell the
August 17 calls for 30 cents which will lower our cost basis to $16.28.