Everyone at the buffet table has their own limit on how much they can eat For my own taste, I'd prefer not to own shares during EA but given a collar situation, I'd sooner overwrite calls further out of the money (or sell some add'l bearish call spreads on top of the CC) and buy a put closer to the money thereby limiting more of the potential loss more yet taking in a decent equity gain if a pop occurs. That's probably why I take antacids
CSCO down almost 10% in after-hours. The traders who have stop loss orders get flushed out tomorrow at the open. Hopefully you either bought puts or sold calls on your 4,000 shares. Looks like "three times" was not the charm, unless a trader was short before earnings. Best of luck.
Hi, This post http://www.elitetrader.com/vb/showthread.php?s=&threadid=215192 is my attempt at addressing the same issue. If the experts on this forum decide it has value, you may want to consider it as well. Good luck, sokoban