Dan Nathan's Bullish Cisco Trade

On CNBC's "Options Action", Dan Nathan spoke about a bullish options trading idea in Cisco Systems, Inc. CSCO.

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He explained that there are two potential catalysts that could move the stock higher. The company is going to have an analyst meeting this week and its earnings are scheduled for August 16.

To make a bullish bet, Nathan wants to buy the August 33 call for 45 cents. The trade breaks even at $33.45 or 4.21 percent above the current stock price.