Corning (GLW) is up over 80% this year and just surged another 5% on a massive AT&T (T) fiber deal. Scott Bauer joined Schwab Network’s Options Corner to explain why he already took profits on his last trade and exactly how he is positioning for the next move higher.
Scott covers:
- Why he took profits today and the pullback level he needs to re-enter
- His exact call spread strikes and what he’s paying on GLW
- The one word he used to describe fiber demand on this name
- Why the technicals and fundamentals are pointing the same direction right now
- Why he’s giving this trade a full month to play out into earnings



