Michael Kurty's Instablog 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 support/resistance, volatility, and market internals, as well as fundamentals. He holds swing trade positions in stocks that may support his covered call strategies. He learns something new everyday to replace the things that he forgets. Michael Kurty http://seekingalpha.com GLW Dividend Hike ! http://seekingalpha.com/instablog/815059-michael-kurty/1137001-glw-dividend-hike?source=feed 1137001 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]].

]]> Wed, 03 Oct 2012 14:42:26 -0400 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]].

]]> glw Dividend breakout CSCO Breakout ? http://seekingalpha.com/instablog/815059-michael-kurty/1119961-csco-breakout?source=feed 1119961 Today, within the first 5 minutes of trading, CSCO traded 5 million shares and gapped up to an open of 19.01. At the end of 5 minutes, it was at 19.14. Notes from Goldman ( "....long-term earnings potential in the area of software-defined networking and in set-top-boxes is underestimated. Shares are Conviction Buy rated with a $24 price target "), along with a favorable article from "The Street" back up the solid rise in price for the retail customer (you and me). EU's cloud computing support will also help this stock over the next 4 or 5 years. We have yet to see how the rise of Mobile internet ( Cisco forecast 10.8 Exabytes per month of mobile date traffic by 2016....now at 1.3 EB per month ) will add to Cisco's potential. I'm betting that it will be very positive and the $27 price resistance point set back in April 2010 will be tested by 2016.

Disclosure: I am long [[CSCO]].

]]> Fri, 28 Sep 2012 11:07:27 -0400 Today, within the first 5 minutes of trading, CSCO traded 5 million shares and gapped up to an open of 19.01. At the end of 5 minutes, it was at 19.14. Notes from Goldman ( "....long-term earnings potential in the area of software-defined networking and in set-top-boxes is underestimated. Shares are Conviction Buy rated with a $24 price target "), along with a favorable article from "The Street" back up the solid rise in price for the retail customer (you and me). EU's cloud computing support will also help this stock over the next 4 or 5 years. We have yet to see how the rise of Mobile internet ( Cisco forecast 10.8 Exabytes per month of mobile date traffic by 2016....now at 1.3 EB per month ) will add to Cisco's potential. I'm betting that it will be very positive and the $27 price resistance point set back in April 2010 will be tested by 2016.

Disclosure: I am long [[CSCO]].

]]> csco Breakout GLW Strong Upside Push http://seekingalpha.com/instablog/815059-michael-kurty/1116371-glw-strong-upside-push?source=feed 1116371 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]].

]]> Fri, 28 Sep 2012 11:04:33 -0400 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]].

]]> glw Corning Bull Put spreads