Put Options on CSCO on 3/21/2022

Cisco Systems, Inc. (CSCO) designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. 

It provides infrastructure platforms, including networking technologies of switching, routing, wireless, and data center products that are designed to work together to deliver networking capabilities, and transport and/or store data.

The company also offers collaboration products comprising unified communications, Cisco TelePresence, and conferencing, as well as the Internet of Things and analytics software.

In addition, it provides security products, such as network security, cloud and email security, identity and access management, advanced threat protection, and unified threat management products. Further, the company offers a range of service and support options for its customers, including technical support and advanced services. It serves businesses of various sizes, public institutions, governments, and service providers.

The company sells its products and services directly, as well as through systems integrators, service providers, other resellers, and distributors. Cisco Systems, Inc. has strategic alliances with other companies.

Shares have run to an overhead resistance and we expect shares to move lower. In recent days when the Nasdaq Composite rallied, Cisco was left behind and shares did not participate in the rally. 

We will be trading April 14th Put options

Last Trade: $55.97

Trading Range: $48.94 - $64.29

Trade Buy 1 April $57.50 Put at $2.35 For a net debit of $2.35 Profit/Loss Analysis Breakeven at $55.15 Maximum profit is unbounded Maximum loss is ($235.00) at strike of $58.00 Closing Summary Sold 1 April $57.50 Put at $5.20

Position closed on 4/12/2022 at price of $5.20 with a 121.28% gain in 22 days.

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