GLW

http://finance.yahoo.com/news/gorilla-glass-used-cell-phones-203333552.html

http://www.thestreet.com/story/1339...-in-joint-venture.html?puc=yahoo&cm_ven=YAHOO

http://www.thestreet.com/story/1334...-25-by-year-s-end.html?puc=yahoo&cm_ven=YAHOO

http://finance.yahoo.com/news/corning-meets-3q-profit-forecasts-111530236.html

http://www.msn.com/en-us/money/stockdetails/financials/fi-126.1.GLW.NYS

http://finance.yahoo.com/q/ks?s=GLW+Key+Statistics

http://stockcharts.com/h-sc/ui?s=glw

http://finance.yahoo.com/echarts?s=GLW+Interactive#{"range":"2y","allowChartStacking":true}

Trade:
With GLW at 17.87
May 15/10 bull put spread for a net credit of $40
Yield = 40/460 = 8.7% in 157 days or 20.2% annualized
Prob = 75%
Expectation = .75(40) - .01(460) - .24(230) = 30 - 4.6 - 55.2 = -29.8

Price................ Profit / Loss......... ROM %
7.50..................... (460.00)............ -91.30%
10.00................... (460.00)............ -91.30%
10.35................... (425.20)............ -92.40%
13.35................... (125.50)............ -27.28%
14.60........................ 0.00................ 0.00%
15.00....................... 40.00............... 8.70%
16.50....................... 40.00............... 8.70%
19.00....................... 40.00............... 8.70%
22.00....................... 40.00............... 8.70%




Corning tower Albany NY.


View from observation deck