$CSCO Put Option Traders Will See A Big Payday Tomorrow.

$CSCO dropped like a stone after its earnings report late this afternoon, with the stock making over double the move the market was expecting. Stated simply, it will be a big payday for $CSCO put buyers and call sellers. Here's why:

The $23 puts last traded for .22. Those should open over $1.50 tomorrow morning for an over-550 percent gain.

The $23.50 puts last traded for .39 and should open over $2.00 for a 400 percent gain.

To put those gains into profit potential: 10 contracts for $220 will be worth over $1,500 tomorrow.

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Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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