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OIB Trade Alert: GLW

Let’s book profits on our Corning (GLW) position.

Current Stock Price: $43.91

Cash in Hand: $0.98

Action: Buy to close the GLW May Week Four (5/28) 44 Put

Current Option Price: $0.28-$0.37

Recommended Limit: Set your initial limit order at $0.33, but adjust as needed to close the position today

Profit: $0.65, or $65 per contract

Rate of Return: 1.5% in 10 days, or 54% on an annualized basis

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