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OIB Trade Alert: GLW

I am recommending we book profits on our Corning (GLW) position.

Current Stock Price: $43.32

Cash in Hand: $0.76

Action: Buy to close the GLW Apr Week One (4/1) 41 Put

Current Option Price: $0.09-$0.19

Recommended Limit: Set your initial limit order at $0.14, but adjust as needed to close today

Profit: $0.62, or $62 per contract

Rate of Return: 1.5% in eight days, or 69% on an annualized basis

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