(08-13-2020, 10:10 AM)vbin Wrote:(08-13-2020, 09:31 AM)fenders53 Wrote: Trying to sell a CSCO strike 40 put today with expiration before next ex-div. Doubt this is the short-term bottom but I'd be good for one more if it dips a few more bucks. On the watch list for a long time since I traded out of it almost a year ago.I haven't listened to the call but given everyone is going online, that's a huge drop
It's not big news. Folks are just getting impatient with their trick I described in the other thread. Beat earnings again, walk next quarter down so they can beat again. Very gradual but consistent decline in revenues is the issue for a blue chip tech stock. They need a new plan soon. Without the Div and their balance sheet the SP would be ugly. They'll figure it out. I would never chase CSCO on a bounce though. I sold a SEP 40. 1 1/2% return. Conservative enough play for me since I am light on tech. Just trying to stay diversified.