Options Corner: CSCO

Cisco (CSCO) highlights Wednesday's postmarket earnings slate. Rick Ducat joins Morning Movers to diagnose the technical formations on the CSCO chart, with current areas of resistance and support circled on its chart. Later, Tom White demonstrates an example options strategy for CSCO. He walks through what a straddle trade means and why traders would "need a move" for CSCO in order to have the strategy work.

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