CSCOPrice pushed up through BB and then below them. Then price moved below 20 MA. This gives me reason to believe a significant short movement may be imminent.
Therefore, I bought a 30 day put option (Apr17) on the movement.
I stand to lose $108.49 if the option does not fulfill the movement I anticipate.
Take profit target is at 200 MA.
CSCO trade ideas
cisco.....the beast watchinguptrend...
in my view chart has broken a major pivot point on daily time frame and i suppose it will start a strong movement toward upside...
after a good bullish candle above the blue line on monday i will enter to buy position and sl will be under the red line......
good luck