Corning (GLW) Offering Possible 6.16% Return Over the Next 18 Calendar Days

Corning's most recent trend suggests a bullish bias. One trading opportunity on Corning is a Bull Put Spread using a strike $20.50 short put and a strike $15.50 long put offers a potential 6.16% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $20.50 by expiration. The full premium credit of $0.29 would be kept by the premium seller. The risk of $4.71 would be incurred if the stock dropped below the $15.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Corning is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Corning is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Corning

Corning plans to invest $836 mln to boost glass production in S.Korea
Wed, 05 Nov 2014 00:14:22 GMT
Reuters – Specialty glass maker Corning Inc plans to invest 900 billion won to boost its production capacity in South Korea. The company plans to increase the output of Gorilla glass by five times and double the …

2014-11-04 – Corning Expands Science & Technology Presence in Korea
Tue, 04 Nov 2014 23:05:56 GMT
noodls – Corning Expands Science & Technology Presence in Korea Corning Technology Center to focus on advanced glass and ceramic technology development CORNING, N.Y., November 04, 2014 – Corning Incorporated (NYSE: …

Corning downgraded by Standpoint Research
Tue, 04 Nov 2014 16:16:48 GMT

Corning Expands Science & Technology Presence in Korea
Tue, 04 Nov 2014 14:46:02 GMT
Thomson Reuters ONE – Corning Technology Center to focus on advanced glass and ceramic technology development CORNING, N.Y. – Corning Incorporated (NYSE: GLW) today announced plans to expand the focus of its world-class technology …

9:46 am Corning expands Science & Technology presence in Korea
Tue, 04 Nov 2014 14:46:00 GMT

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