Analysts rate CSCO a moderate buy. Six strong buys, 2 moderate buys, 11 holds and 1 strong sell. The average analyst rating is a 3.6 based on 20 analysts at Barchart.com. The high target price is $73, mean price target is $55.59 and the low target is 44. At this point, I'd rather own the stock and do covered calls instead of buy calls pr do a bull call vertical spread on CSCO.
I bought CSCO at $51.79. I'll hold it until it goes ex-dividend on July 7. Then I'll look at selling covered calls ATM and selling puts. CSCO yields 3%. It won't take much writing covered calls on the stock to get the dividends plus options premium AROR to 10% to 15%.
Analysts rate CSCO a moderate buy. Six strong buys, 2 moderate buys, 11 holds and 1 strong sell. The average analyst rating is a 3.6 based on 20 analysts at Barchart.com. The high target price is $73, mean price target is $55.59 and the low target is 44. At this point, I'd rather own the stock and do covered calls instead of buy calls pr do a bull call vertical spread on CSCO.
I bought CSCO at $51.79. I'll hold it until it goes ex-dividend on July 7. Then I'll look at selling covered calls ATM and selling puts. CSCO yields 3%. It won't take much writing covered calls on the stock to get the dividends plus options premium AROR to 10% to 15%.
$CSCO gets a strong buy recommendation from Steven Fiorillo: Cisco Systems IS Entering The AI Race And Is Undervalued. https://seekingalpha.com/article/4614285-cisco-systems-is-entering-the-ai-race-and-is-undervalued
Over the weekend I'll post updates on my June and July covered calls portfolios.
If and when I do any trades on these stocks, I'll report the trades in this comments section.
Alternative strategies include buying calls, selling CSPs, buying long call vertical spreads and buying stocks and selling covered calls.