csco beat eps and revenue. up around 2% AH

now up 3% to $54+

YNWA_AG said:

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csco beat eps and revenue. up around 1.5% AH

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And good guidance through Q4

oldarmy1 said:

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Based on adjusted premium (always drops post earnings) if CSCO holds around $54 then those May 24th $58 calls would be around $0.21 cents at open from 3 cents at close.

And if it presses to $55 the calls would be 37cents tomorrow.

Now, we hope the China portion of the pricing pressures doesn't reverse it - and the markets with it.

And for fun I calculate the off chance we get the big candle carrying us back to $57 area tomorrow. Options would be $0.93

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Good stuff grabbed some $55 5/31 calls before closing, hope it hits 55-56 tomorrow!

https://247wallst.com/technology-3/2019/05/15/why-cisco-earnings-are-so-great/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2FRyNm+%2824%2F7+Wall+St.%29

Well, CSCO will offset the stupid OSTK trade. I want to see Mr. Byrnes.

If you draw our "Model T" triangle post reaction on CSCO you'll see that it didn't come close to back to middle. Bullish

https://www.cnbc.com/2019/05/15/trump-signs-executive-order-declaring-national-emergency-over-threats-against-us-technology.html



President Donald Trump on Wednesday declared a national emergency over threats against American technology, the White House said.
The move, done via executive order, is expected to precede a ban on U.S. firms doing business with the Chinese telecommunications company Huawei, though the order does not refer to Huawei directly.

The order authorizes the Commerce Secretary Wilbur Ross, in consultation with other top officials, to block transactions that involve information or communications technology that "poses an unacceptable risk to the national security of the United States."
The announcement comes as the U.S and China remain locked in a trade dispute and could escalate tensions between the world's two largest economies.
In a statement, White House press secretary Sarah Huckabee Sanders wrote that the administration will "protect America from foreign adversaries who are actively and increasingly creating and exploiting vulnerabilities in information and communications technology infrastructure and services in the United States."
Trump has pushed allies around the world not to adopt the company's next generation 5G network technology, which American officials have warned could be used for spying by the Chinese. Huawei has forcefully denied the allegation.
In January, the Department of Justice announced a slew of charges against the firm, including for stealing trade secrets from T-Mobile USA. And both Huawei and ZTE, another Chinese telecom company, were barred from most U.S. government contract work by the 2019 Defense Authorization Act.

CSCO is over $54. I'm not in this trade but congrats OA and all who followed. It should take out $55 today barring a market sell off.

Markets have that "sell the open" look.

oldarmy1 said:

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Markets have that "sell the open" look.

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Agreed

C'mon DOCU hit that 55 midpoint.

Now out of the weeklies +76%. Don't have time to babysit them today...real job something something.

edit: there's the 55 midpoint retrace in the box.

https://seekingalpha.com/news/3464514-roku-will-offer-1m-shares

Quote:

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Roku (NASDAQ:ROKU) files for an offering via Morgan Stanley with the proceeds going towards working capital and general corporate purposes.

The company had 82M shares outstanding (73.3M float) at the end of last month.

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So happy to see green after almost two weeks of red!

*knocks on wood*

I sold the majority of my options at profit. Still in the july NVDA 200 calls but only have a couple. It may be a mistake, but going into the weekend, it's a safe play.

The WLL 5/31 $24 calls are doing well this morning. Folks that are in them - holding here or exiting for the ~ 50% return?

Took 3/4 of at $1.55

I just took the rest off at $1.60. I don't like how the volume has stagnated.

I sold

Are will still anticipating JD to test above $31?

Not a great opening.

Nice bottom V.

MU looks like it has pretty strong support around 37

I'm getting the feel that we have a late day selloff.

I like the 6/21 NFLX 370C based on the trading range it's in, but $930+ is too steep for me.

Any technical reason or just a gut feeling?

Just a gut feeling. The markets pulled back in the last hour the previous 2 days. We are going into the weekend and a trade deal over the weekend probably won't happen. Earning season is winding down. I just get the feel traders will book some profits to see what happens. I might be wrong but cash is always king and there's ALWAYS something to buy.

$35 LPSN calls are not responding much to the increase in stock price.

02skiag said:

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$35 LPSN calls are not responding much to the increase in stock price.

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Too much time until expiration.

Still got ~$5.50 to go in stock price to get in the money brah....

I should clarify. The last time the price was this high, the call prices went up much higher. I guess it's the time decay.

PYPL nice flag on 5m chart at all time highs

02skiag said:

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$35 LPSN calls are not responding much to the increase in stock price.

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IrishTxAggie said:

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Took 3/4 of at $1.55

I just took the rest off at $1.60. I don't like how the volume has stagnated.

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Got out at $1.55.

02skiag said:

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I should clarify. The last time the price was this high, the call prices went up much higher. I guess it's the time decay.

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I think there was higher volume then due to recent company news