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Not that being forced to take $40 per share is a terrible punishment given the current market price. Just make sure your cost basis is also less than $40 and you will be fine.For writing a cash secured put the December 15th expiration date has a very attractive put contract with a $37.50 strike price. Even if you only manage to collect the premium $0.43 per share is a nice little reward for ageing to buy CSCO shares below the current market value.
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