I did however start buying some more…

Current headline:

Stocks Trade Lower After 5 Losing Weeks– AP

Stocks were just slightly lower Monday after losing ground for five straight weeks.

That about says it all, doesn’t it?  Five straight weeks of losses in the markets and another down day.  I told you last week that if we’d get another big down day I’d likely step up and do some aggressive buying…today’s gentle down action doesn’t qualify as another big down day though, so easy does it.

I did however start buying some more Cisco calls after weeks of watching our existing position in the name drift lower.  I’ve got some 2013 Cisco calls that are both in the money and out of the money already and I just added some January 2012 calls with $15 to $17.50 strike prices.