2:10pm (EST)
We have a Profit Alert for one of our current trade so let’s go check the action.
Profit Alert!
Cisco Systems (CSCO, $52.68, up $0.48)
CSCO November 53 puts (CSCO231110P00053000, $1.00, down $0.30)
Entry Price: $0.60 (10/18/2023)
Exit Target: $1.80
Return: 83%
Stop Target: $1.10 (Stop Limit)
Action: The Stop Limit at $1.10 has tripped today as shares have rebounded. The high has been $1.18 with the low at 93 cents.