Trade on Cisco Ended in Profit

The Cisco Sept 21st $46.00 call option has ended in a profit. The call was stopped out at $1.02. It was a bit of surprise that the option hit that price as it was as high as $1.31. The price drop of the option was a combination of the stock lowering a bit combined with the largest theta burn of the option to date.  Before trading opened, the time value was 0.70. At the end of trading, time value moved down to $0.50.

Sometimes, that happens. The price of the option moved down 30% to our stop loss and we are still walking away from the trade with a profit. Now we move on to the next trade.




** This blog is used for informational purposes only. It should not be used as a recommendation to buy or sell any security. Do your own due diligence before trading or investing. If you would like up to the moment communication on KDK Options trades, email at kdkoptions@gmail.com **

Update on Cisco Call Option Trade

The current Cisco September 21st $46.00 call option trade will continue. The expectation is still $2.00. A stop loss plan has been put into place. Some important notes on the trade are below. A link to the original post on the trade is here.

- Current bid price (if we sold) of the call is $0.96.
- Market in a bullish mode
- Stock broke past May resistance (see chart below)

 
 



 ** This blog is used for informational purposes only. It should not be used as a recommendation to buy or sell any security. Do your own due diligence before trading or investing. If you would like up to the moment communication on KDK Options trades, email at kdkoptions@gmail.com **