InvestorsHub Logo
Followers 14
Posts 1305
Boards Moderated 0
Alias Born 06/05/2007

Re: kiy post# 162

Wednesday, 11/22/2017 7:34:41 PM

Wednesday, November 22, 2017 7:34:41 PM

Post# of 426
Thanks. I think Cisco is 90 percent a tax reform play due to repatriation potential. I bought 350 option calls for Jan for under a grand. For every dollar it goes above 41, I could make 35K. High risk high reward. If tax reform stalls, I'll be lucky to get my csco call investment back, though the strong earnings report helped.

For the same reason, I bought highly leveraged calls on NTAP two weeks ago that are already in the money because of their earnings report. I would not chase that one either, but I think it will also go boom again if tax reform goes through.

I'm not advocating tax reform, but GS had odds at 80 percent last I checked. I have already cashed out 30 percent of the NTAP investment which has been 4x my call buys for both stocks. I recognize this was lucky and not a normal outcome for this strategy.

Happy Thanksgiving, and thanks for your insightful analyses on csco.


God grant me the serenity to deal with the things I cannot change; courage to change the things I can and should; and wisdom to know the difference.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.