GLW, you glass my world. I like you for a credit spread.
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.
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Unrelated thought... is anybody else using tradingview for options trading? Comment if you are. Let's be friends and make all the money.
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.