Smart Money Is Betting Big In GLW Options
Investors with a lot of money to spend have taken a bullish stance on Corning (NYSE: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 40%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $45,815, and 9, calls, for a total amount of $487,304.
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 $50.0 to $63.0 for Corning over the last 3 months.
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 $50.0 to $63.0 over the preceding 30 days.
Corning Call and Put Volume: 30-Day Overview
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 | BEARISH | 08/15/25 | $1.49 | $1.31 | $1.39 | $63.00 | $139.3K | 1.2K | 1.0K |
| GLW | CALL | SWEEP | BULLISH | 09/19/25 | $5.15 | $5.0 | $5.15 | $60.00 | $133.4K | 3.0K | 556 |
| GLW | PUT | TRADE | BEARISH | 09/18/26 | $6.1 | $5.6 | $5.95 | $62.50 | $45.8K | 110 | 77 |
| GLW | CALL | TRADE | BULLISH | 08/15/25 | $14.1 | $13.05 | $14.0 | $50.00 | $35.0K | 2.9K | 50 |
| GLW | CALL | SWEEP | NEUTRAL | 08/15/25 | $14.0 | $13.2 | $13.58 | $50.00 | $33.9K | 2.9K | 50 |
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.
Following our analysis of the options activities associated with Corning, we pivot to a closer look at the company's own performance.
Current Position of Corning
- With a trading volume of 2,831,495, the price of GLW is up by 0.44%, reaching $63.77.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 84 days from now.
Expert Opinions on Corning
In the last month, 5 experts released ratings on this stock with an average target price of $64.6.
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* An analyst from Susquehanna persists with their Positive rating on Corning, maintaining a target price of $75.
* An analyst from UBS persists with their Neutral rating on Corning, maintaining a target price of $57.
* An analyst from Oppenheimer persists with their Outperform rating on Corning, maintaining a target price of $72.
* An analyst from Mizuho persists with their Outperform rating on Corning, maintaining a target price of $59.
* An analyst from Citigroup persists with their Buy rating on Corning, maintaining a target price of $60.
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.
