Cisco Near Record Highs Ahead of Earnings — Options Trade Insight

Bullish Gator

Rick Ducat discusses CSCO support/resistance, consolidation near highs, and an example options trade ahead of Wednesday’s earnings.

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What stands out

Cisco is trading in a narrow range near record highs as it heads into earnings, and Schwab Network's Rick Ducat used that calm to highlight support and resistance and sketch an options trade for investors who want defined risk. The setup matters because Cisco's results will be parsed for software and recurring revenue progress, not just top-line growth, and the market is paying up for reliable enterprise exposure. With fundamentals showing only modest growth, the earnings print can convert consolidation into either a breakout or a quick reversion.