Replies to post #320249 on Option Millionaires

[Gbathat]

I'm expecting a better week for CSCO with the tax reform approved in senate.

Congress might even come to agreement sooner than planned if dems threaten shutdown on Fri... or they could delay it. You never know.

My current Jan 19 2018 call strikes are NTAP at 55 (already in money) and CSCO at 41 (still a long way to go). I'm hoping both will be way beyond those strike prices by then, but that may require both signing of tax reform bill and buyback announcements/confirmation.

Here is an interesting article I found recently about Cisco's plans and speculates how vested they are in this tax reform process to return those overseas funds to shareholders...

https://theintercept.com/2017/10/11/tax-plan-trump-chamber-of-commerce-small-business-lobby-cisco/

We'll see how it goes. Have a good week all.