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 Dividend Hike ! 0 comments
    Oct 3, 2012 2:42 PM | about stocks: GLW

    Well, the news is out: 12:51 PM Corning (GLW) declares $0.09/share quarterly dividend, 20% increase from prior dividend of $0.075. Forward yield 2.72%. For shareholders of record Nov 16. Payable Dec 14. Ex-div date Nov 14

    This is probably what caused the big spike last Thursday.

    The October Bull Put spread is probably pretty safe now and you can hang on to it for maximum profit when they expire.

    For new trades, I am thinking about holding my long positions until this current pop is over, and then writing some in the money calls. For those of you who are not yet long, you might consider taking a long position, then writing some ITM calls in a few days.

    Disclosure: I am long GLW, CSCO.

    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


  • 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 »
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.