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OIB Trade Alert: GLW

Corning (GLW) is breaking out. It is time for us to close our very successful rolled position.

Current Stock Price: $38.80

Cash in Hand: $1.22

Action: Buy to close the GLW Nov Monthly (11/19) 37 Put

Current Option Price: $0.17-$0.25

Recommended Limit: Set your initial limit order at $0.22, but adjust as needed to close today

Profit: $1, or $100 per contract

Rate of Return: 2.7% in 15 days, or 66% on an annualized basis

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