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Options Action: Cisco

Thursday, 11 Nov 2010 | 7:19 PM ET

Investors looking for ways to recoup losees in Cisco should look no further.

"Fast Money" contributor Dan Nathan has a way to do just that through options. He's looking at a one-by-two call spread. In other words, he's buying one call and selling two against it to offset some of the costs.

Options Action
What should you do with Cisco now? Insight with Dan Nathan, Options Action contributor.

To learn about this trade, watch the video!

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Trader disclosure: On November 11, 2010, the day this video was recorded, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Karen Finerman Owns (AAPL), (BAC) and (BAC) preferred, (GOOG), as well as (JPM). Anthony Scaramucci Owns (KO). Tim Seymour Owns (GE).

ANTHONY SCARAMUCCI
Skybridge Owns (KO)
Skybridge Owns U.S. Dollar, Scaramucci Owns U.S. Dollar
Skybridge Owns (BAC), Scaramucci Owns (BAC)
Skybridge Owns (DIS), Scaramucci Owns (DIS)
Skybridge Owns (JPM), Scaramucci Owns (JPM)

KAREN FINERMAN
Finerman's Firm Owns (IWM) Puts
Finerman's Firm Owns (RIG), (BP), (APC)
Finerman's Firm Is Short (IWM)
Finerman's Firm Is Short (SPY)
Finerman's Firm Is Short (MDY)
Finerman's Firm Is Short (IJR)
Finerman's Firm Is Long Russell Puts
Finerman's Firm Is Long S&P Puts
Finerman's Firm Owns (JPM) Leaps, (JPM)

BRIAN KELLY
Accounts Managed By Kanundrum Capital Own (FRO)
Accounts Managed By Kanundrum Capital Own (QLGC)
Accounts Managed By Kanundrum Capital Own (C)
Accounts Managed By Kanundrum Capital Own (FCX)
Accounts Managed By Kanundrum Capital Own (GLD)
Accounts Managed By Kanundrum Capital Own (MOT)
Accounts Managed By Kanundrum Capital Own (SLV)
Accounts Managed By Kanundrum Capital Own (MT)
Accounts Managed By Kanundrum Capital Own (IEF)
Accounts Managed By Kanundrum Capital Own (TIP)
Accounts Managed By Kanundrum Capital Own (ANDE)
Accounts Managed By Kanundrum Capital Own (REE)
Accounts Managed By Kanundrum Capital Own (MCP)
Accounts Managed By Kanundrum Capital Own (GDXJ)
Accounts Managed By Kanundrum Capital Own (TD)
Accounts Managed By Kanundrum Capital Own (AWI)
Accounts Managed By Kanundrum Capital Own (HD)
Accounts Managed By Kanundrum Capital Are Long Euro
Accounts Managed By Kanundrum Capital Own (XHB)
Accounts Managed By Kanundrum Capital Own (CLF)
Accounts Managed By Kanundrum Capital Own (JJG)
Accounts Managed By Kanundrum Capital Own (JO)
Accounts Managed By Kanundrum Capital Are Short YEN

CARTER WORTH

DAN NATHAN
Nathan Is Short (CSCO) Dec. 22 Puts

COLIN GILLIS
NO DISCLOSURES ON AAPL, RIMM, GOOG, Samsung

DAVID ROSENBERG
NO DISCLOSURES

GE Is The Parent Company Of CNBC

CNBC.com with wires.

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CSCO
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  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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