Cisco Systems (CSCO)

[Gbathat]

Another up day... I wonder if they are already buying back shares on leftovers from a prior authorization. That would be smart as they could get them at a lower price before announcing a subsequent buyback authorization and shooting the price up. Hopefully the latter happens before the 19th but I am losing hope... only 8 more trading days. At current rate though, we may still make some money.

My plan is to sell 20% of my calls at 40 cents (10x) and then ride the rest.

After that, and if no buyback announcement is made, calls spanning the next earnings mtg in feb might be in order, if PPS is still sub 42. That would be a logical time to discuss the buyback to counter any negative earnings impacts of the repatriation tax payment. I believe they used that forum to announce a buyback in 2016.

Good luck