CSCO Call Option Purchased

A Cisco September 21st $46.00 call option was purchased for $0.87 before fees and commissions. The expectation is for the option to reach a value of $2.00. Stop loss  has been created for the trade. Some reasons for the trade are below as a chart (from ETrade).

- Earnings report shows higher guidance
- Price broke $45 resistance
- 20 dma crossing 50 dma
- Corporate earnings as a whole are doing well




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