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Michael Kurty
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Michael Kurty has been a full time trader for the last 15 years, specializing in options with an emphasis on vertical spreads and covered calls. He has been retired from an engineering profession, and has a Masters Degree in Statistics from Stanford. His trading techniques include... More
  • GLW Strong Upside Push 0 comments
    Sep 28, 2012 11:04 AM | about stocks: GLW

    Yesterday, GLW made one of the strongest upward pushes I have witnessed for a long time ! Couldn't find any news to support the buying power, but it was definitely there ! It pushed thru 1st and 2nd levels of resistance (13.01 and 13.16), but today it has pulled back to the 13 support number. Consider taking a bull put spread, buy the Oct 11, sell the Oct 13 for a credit of 0.28 and be prepared to either roll forward or be assigned.

    Disclosure: I am long GLW.

    Stocks: GLW
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