Cisco Casino Play Lotto scratch off play.

Discussion in 'Trading' started by KINGOFSHORTS, Feb 7, 2011.

  1. hajimow

    hajimow

    Your honesty is very appreciated. Now it is 20.14 @ 5:03 ET
     
    #11     Feb 9, 2011
  2. flat out great call. You gave a totally low risk call, against the grain, and called it to a tee. Great Call.
     
    #12     Feb 9, 2011
  3. GG1972

    GG1972

    Good call man hope you were a boatload short-congrats
     
    #13     Feb 9, 2011
  4. empee

    empee

    yea very nice call, good R/R, very nice trade hat tip to you sir
     
    #14     Feb 9, 2011
  5. spindr0

    spindr0

    Yes, it was a good call, ummmm put call :)

    If at the current price at 9:30 AM, the puts should anywhere from 25-35 cents, depending on how much IV collapses. If CSCO rallies in the pre-market (say 20.50 or higher) and IV collapses to pre EA levels, you won't see anywhere near that gain at 9:30 AM and possibly none.

    Food for thought: For long puts, the gain will be determined by where CSCO trades when options open at 9:30 AM not the low print of the pre-market. If it sells off more during the pre-market (say 19.50), you can lock in the ITM amount by going long the shares. You'll give up the remaining time value but you won't be hurt by a reversal back above 20.
     
    #15     Feb 9, 2011
  6. crap I missed this casino post. the last one made me good money with the IWM one you posted.

    you need to post these in the same area since I missed a few of them.
     
    #16     Feb 10, 2011
  7. holy crap the options are like 80 cents now 720% return!!
     
    #17     Feb 10, 2011
  8. Great call, touched 19.12 this morning!
     
    #18     Feb 10, 2011
  9. CSCO has been destroying shareholder value for the past TEN YEARS, that's FOURTY QUARTERS of FAILING to deliver to shareholders, while management continues to rake in millions. It's a great trading stock though, pick up in the teens and sell in the 20's, I've been doing this trade several times over the years.

    Good call on the puts, that was a true winner.
     
    #19     Feb 10, 2011
  10. Crispy

    Crispy

    Very nice call!

    [​IMG]
     
    #20     Feb 10, 2011