Cisco (CSCO)

[hendi_alex]

Perhaps CSCO will give a decent entry price as quarterly earnings missed estimates. Down over 60 cents in after hours trading. I expected a weak report and sold calls against my position today, Feb $24 for $1.08. Looks like those calls will work out for me. If the price gets hammered too much, I may sell a few puts, as I have 400 shares that are covering $22 Jan calls. I'll just watch the price action before deciding for sure. Obviously none of these shares are held in my long term account.

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Now down over $2.00. Good thing you held off the other day!