Cisco Systems Inc (CSCO)

[Porgie Tirebiter]

After the last earnings dive, I struck gold with MAR 18s. I plan to try and repeat the act once CSCO stabilizes.

I'm not so sure about near month out of the money calls. Look at it this way: April 22 creates the stock at $22.08 and the Delta is only .096, the stock will have to move ten cents before the call will gain one cent. You are going to have a very difficult time making money unless CSCO moves a lot higher very quickly.

I'm looking at JUL 16s. You create your position in CSCO at $19.15 and the Delta is .82, you'll make more money with a lot less risk. The theta (time decay) is .003 on both of those calls right now, and July gives you three more months to be right.