Trade: Call: CSCO Put: JOSB

Long:
CSCO: Usually considered conservative in it's guidance, CSCO has provided long term guidance of earnings growth at higher end of 10-15% with current estimates at 12%. In the coming quarters, we might expect CSCO to beat estimates. Technically the stock has overcome resistance at the 50-day MA and now that is acting like a support level

Short:
JOSB: Jos A Bank Clothiers Seems to have broken down technically. The 200-day MA which acted as support earlier is now showing resistance. I am also recently seeing a lot of their ads on CNBC, something that'll eat into their profits. They are relying heavily on holiday sales and if that doesn't meet expectations, there is a good chance of a breakdown. From the news, people have apparently been waiting for a drop in apparel prices

Trades:
CSCO: July $17.50 Call @2.85 CSCO was at 19.16
JOSB: July $25 Put @3.70 JOSB was at 24.8



JOSB chart


CSCO chart