MomentumOptions.com Profit Alert (CSCO) for 12/21/2022

2:45pm (EST)

I have a Profit Alert this afternoon following the rebound in CSCO. Although I’m disappointed we didn’t make a bigger return, we can keep the stock on our Watch List for another possible reentry point.

Profit Alert!

Cisco Systems (CSCO, $47.85, up $0.48)

CSCO January 47 puts (CSCO230120P00047000, $0.95, down $0.05)

Entry Price: $0.95 (12/15/2022)
Exit Target: $1.90
Return: 2% 
Stop Target: 97 cents (Stop Limit)

Action: The Stop Limit at 97 cents has tripped on today’s pullback.

Login to see the update in the Members Area:

Momentum Options