Financial giants have made a conspicuous bullish move on Corning. Our analysis of options history for Corning GLW revealed 8 unusual trades.
Delving into the details, we found 75% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $215,470, and 6 were calls, valued at $434,915.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $35.0 to $60.0 for Corning during the past quarter.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Corning's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Corning's substantial trades, within a strike price spectrum from $35.0 to $60.0 over the preceding 30 days.
Corning 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GLW | PUT | SWEEP | BEARISH | 09/20/24 | $3.0 | $2.95 | $3.0 | $47.00 | $181.2K | 1.0K | 0 |
| GLW | CALL | TRADE | BULLISH | 08/16/24 | $1.15 | $1.05 | $1.25 | $47.00 | $109.3K | 10.6K | 2.8K |
| GLW | CALL | TRADE | BULLISH | 08/16/24 | $1.25 | $1.15 | $1.25 | $47.00 | $107.8K | 10.6K | 2.8K |
| GLW | CALL | TRADE | BULLISH | 08/16/24 | $1.2 | $1.1 | $1.2 | $47.00 | $71.5K | 10.6K | 2.8K |
| GLW | CALL | TRADE | BULLISH | 08/16/24 | $1.15 | $1.05 | $1.2 | $47.00 | $70.0K | 10.6K | 2.8K |
About Corning
Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.
Where Is Corning Standing Right Now?
- With a trading volume of 2,169,635, the price of GLW is down by -1.96%, reaching $44.94.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 12 days from now.
What Analysts Are Saying About Corning
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $42.6.
- Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Corning, targeting a price of $45.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Corning, targeting a price of $39.
- Maintaining their stance, an analyst from Deutsche Bank continues to hold a Hold rating for Corning, targeting a price of $46.
- Consistent in their evaluation, an analyst from Deutsche Bank keeps a Hold rating on Corning with a target price of $39.
- An analyst from UBS persists with their Neutral rating on Corning, maintaining a target price of $44.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Corning options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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