From the floor of the CME Group, Dan Passarelli of Market Taker Mentoring reviews a trade in Cisco for Traders Exclusive. The trade Passarelli likes is a straight buy of the CSCO July 24 calls that can be picked up for about $1.10, or better. He also explains why he prefers the unhedged call relative to a more flexible, risk-controlled spread. Even though it is a July call, Passarelli does not plan on holding it through expiration. He is picking July due to the lower rate of theta or time decay compared to the June expiration contracts. The call will be held for abut two weeks, unless the stock performs stronger than Passarelli anticipates.