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Barchart
Barchart
Mark R. Hake, CFA

Cisco Systems Stock Is in a Trading Range - Good For Shorting Puts and Calls

Cisco Cisco Systems CSCO Barchart OTM

Cisco Systems (CSCO) stock has been roughly flat for the past month. I suggested shorting OTM puts and calls in a June 19 Barchart article, which has worked well. It's time to repeat this play.

CSCO closed Monday, July 13, at $119.25. That's close to where it was on June 18 ($119.54). But since then, analysts have raised their price targets. That could help push CSCO higher next month when it reports earnings on August 12.

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