Market Overview

Alan Knuckman's Cisco Trade

Share:
Related CSCO
Jim Cramer Advises His Viewers On Cisco, Microsoft And More
Venture Capital Gathering Showcases Michigan's 'Secret Weapon': Collaboration
A SWAN (Sleep Well At Night) Amid The Swoon? (Seeking Alpha)

Bulls-Eye Option's Alan Knuckman spoke on Bloomberg Markets about a bullish options trade in Cisco Systems, Inc. (NASDAQ: CSCO).

He said the company makes a lot of money and from the trading standpoint, he likes the technical setup. The stock has been stuck between $31 and $34 and it targets $37, explained Knuckman.

To make a bullish bet, he wants to buy the June 30 call for $5. The trade breaks even at $35 or 1.45 percent above the current market price. The option has a high delta and it is going to act as a stock, said Knuckman. If the stock jumps to $37, the call is going to gain 50 percent.

Posted-In: Alan Knuckman Bloomberg MarketsOptions Markets Media

 

Related Articles (CSCO)

View Comments and Join the Discussion!

Citigroup, Nordstrom, Qorvo: Fast Money Picks For November 9

Jim Cramer Weighs In On McKesson, Mazor And MGM Growth Properties