Corning (GLW) is having trouble breaking above $41. Let’s book a modest profit now rather than rolling. We may trade this stock again soon.
Current Stock Price: $40.93
Cash in Hand: $0.54
Action: Buy to close the GLW Jun Week Four (6/25) 41 Put
Current Option Price: $0.25-$0.37
Recommended Limit: Set your initial limit order at $0.31, but adjust as needed to close today
Profit: $0.23, or $23 per contract
Rate of Return: 0.6% in 10 days, or 20% on an annualized basis