Investors with a lot of money to spend have taken a bullish stance on Corning GLW.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GLW, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Corning.
This isn't normal.
The overall sentiment of these big-money traders is split between 62% bullish and 25%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $33,670, and 7, calls, for a total amount of $366,258.
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 $40.0 to $60.0 for Corning during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Corning's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Corning's whale activity within a strike price range from $40.0 to $60.0 in the last 30 days.
Corning 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GLW | CALL | SWEEP | BULLISH | 03/21/25 | $3.05 | $3.0 | $3.0 | $50.00 | $101.5K | 9.6K | 499 |
| GLW | CALL | TRADE | BEARISH | 01/16/26 | $14.4 | $13.15 | $13.3 | $40.00 | $86.4K | 1.6K | 66 |
| GLW | CALL | SWEEP | BULLISH | 01/15/27 | $12.05 | $11.25 | $12.05 | $45.00 | $53.0K | 301 | 58 |
| GLW | CALL | SWEEP | NEUTRAL | 03/21/25 | $1.21 | $1.19 | $1.21 | $55.00 | $38.8K | 37.5K | 4.9K |
| GLW | CALL | SWEEP | BULLISH | 03/21/25 | $1.24 | $1.23 | $1.24 | $55.00 | $35.4K | 37.5K | 5.4K |
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.
In light of the recent options history for Corning, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Corning's Current Market Status
- Trading volume stands at 3,060,150, with GLW's price up by 0.72%, positioned at $50.35.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 88 days.
What The Experts Say On Corning
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $56.666666666666664.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Corning with a target price of $52. * An analyst from HSBC upgraded its action to Buy with a price target of $60. * An analyst from Citigroup persists with their Buy rating on Corning, maintaining a target price of $58.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Corning, Benzinga Pro gives you real-time options trades alerts.
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