Lothar_of_the_Hill_People
Long

GLW, you glass my world. I like you for a credit spread.

NYSE:GLW   CORNING INC
GLW is a 27 billion dollar champion that makes all my phone screens. Screens are pretty important. Seems like a decent long term bet that this guy is gonna stick around.

In the short term, it seems like this guy bounced right off of a resistance line, and pending any sad news from the fed or China or whatever, I think this will be keep inching up to it's top around 36.

May 36/37 spread is .31. Max profit 220%.

it's at 34.61 tonight. It has to go up 2.39 (7%) in 59 days.

It would have to break through it's alltime high. Is that hard? I heard somewhere that there could be higher highs before this train derails. I'm hoping GLW is one of them.

Luckily if my target gain is only 50%, it doesn't have to go all the way there. It just has to head in that direction for a while.

Go baby go.

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Unrelated thought... is anybody else using tradingview for options trading? Comment if you are. Let's be friends and make all the money.


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