Seeking Alpha

Michael Kurty's  Instablog

Michael Kurty
Send Message
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.

    Themes: Corning, Bull Put spreads Stocks: GLW
Back To Michael Kurty's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

  • If the low of 16.65 for CSCO does not hold, the next support is the 16.41 formed back in 9/27/11 ....a resistance level.
    May 11, 2012
  • Just went long CSCO @ 16.76 for a day trade.
    May 11, 2012
  • Opening Bear Call Spreads on AIG based on the warrents being issued on Jan 19. I have opened a Jan 60/55 vertical call spread, credit 1.4
    Jan 14, 2011
More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.