November 10, 2016  Trade Alert -  Earnings Eagle  Portfolio

Cisco (CSO) announces earnings after the close next Wednesday, November 16.  The average post-announcement price change is 4% (about $1.20).  These spreads indicate a gain at any price within that range, with a gain coming at any higher price whatsoever.

 

BUY +3 DIAGONAL CSCO 100 20 JAN 17/18 NOV 16 29/31 PUT @-.16 LMT 

BTO,STO

 

BUY +3 DIAGONAL CSCO 100 20 JAN 17/18 NOV 16 29/30.5 PUT @.04 LMT

BTO,STO

 

BUY +3 DIAGONAL CSCO 100 20 JAN 17/18 NOV 16 29/30 PUT @.20 LMT

BTO, STO

 

Be prepared to change these price limits by $.05 or more in order to get an execution.

 
Happy trading.

 

Terry