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