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October 7th, 2008 at 4:08 pm

Cisco Systems, Inc. (CSCO) - BTC Jan09 Puts

in: Stock and Option Trades

Today I BTC 2 CSCO Jan09 27.50 Puts for a net cost of $1639.49 in my taxable account.

This one hurt but it relieved 5500 of potential liability in my taxable account which is almost as good as adding cash to the account.  See my earlier posts today for additional verbiage about why I am selling stocks and buying back options in my taxable account.

Tags: CSCO, Option, Put

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