12:50pm (EST)

We have a Profit Alert this afternoon as shares of CSCO are showing weakness.

Profit Alert!

Cisco Systems (CSCO, $53.10, down $0.50)

CSCO September 55 calls (CSCO230915C00055000, $0.95, down $0.22)

Entry Price: $0.85 (7/24/2023)
Exit Target: $1.70
Return: 12%
Stop Target: 95 cents (Stop Limit)

Action: The Stop Limit at 95 cents has tripped today after the calls opened at $1.25 with the low at 91 cents. We will keep shares on our Watch List for another possible reentry point.