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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 76.39+0.1%12:52 PM EST
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To: RetiredNow who wrote (74652)11/25/2007 12:29:39 PM
From: Hepps  Read Replies (1) of 77400
 
Mindmeld,

If you like CSCO at this price, sell the DEC 27.50 put for .60 CYQXY, or the 30 put CYQXF for 1.88. Simply put, it is a promise to someone who doesn't have your faith that you'll buy their stock on the third Friday of the month if it falls below agreed to price. For that promise, they'll pay you today.

I'm kicking around the 27.50's, as it's a 2% return for the month if they expire worthless.

HEPPS
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