Cisco Stock Moves Higher As Analysts Raise Target Prices - Short Put Plays Work Here

Cisco Systems (CSCO) stock benefits as analysts have been raising their target prices for CSCO stock. Shorting out-of-the-money put is an excellent way to play this. It works best in one-month expiry periods and is then repeated. This article will describe this strategy.

CSCO is at $68.20 today, up slightly, but still down from a recent peak of $71.79 on August 8. That was just before its earnings release on Aug. 13 for the fiscal year ending July 31.