Corning's Options: A Look at What the Big Money is Thinking

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 10 options trades for Corning.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $25,608, and 9, calls, for a total amount of $1,414,362.

Expected Price Movements

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $37.0 to $52.0 for Corning over the last 3 months.

Insights into 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 $37.0 to $52.0 over the preceding 30 days.

Corning Option Volume And Open Interest Over Last 30 Days

Noteworthy Options Activity:

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.

Having examined the options trading patterns of Corning, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Corning Standing Right Now?

• With a volume of 1,101,841, the price of GLW is down -1.8% at $48.11.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 34 days.

Expert Opinions on Corning

In the last month, 1 experts released ratings on this stock with an average target price of $68.0.

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. * An analyst from B of A Securities persists with their Buy rating on Corning, maintaining a target price of $68.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Corning with Benzinga Pro for real-time alerts.