MomentumOptions.com Profit Alert (CSCO) for 8/4/2021

1:30pm (EST)

I have a Profit Alert for today as CSCO has pulled back.

Profit Alert!

Cisco Systems (CSCO, $55.78, down $0.47)

CSCO August 57 calls (CSCO210820C00057000, $0.80, down $0.20)

Entry Price: $0.65 (7/29/2021)
Exit Target: $1.30
Return: 23%
Stop Target: 80 cents (Stop Limit)

Action: The Stop Limit at 80 cents has tripped on today’s weakness in the stock. Although disappointed, we can look to reestablish a position in the next day or so.