Shares of Corning Inc. (GLW) are up .03 to 21.13 today. ?GLW is near the top of the 52-week range.
Today paper traded 30,000 GLW May 9 Weekly calls at .82.? The ADV is 22418 contracts.? The OI is 53 contracts.
The volume went up in one giant block.? Trade was mostly this strike today with a large call over writer.? The trader is not looking for too much upside and yield is just under 4% going into May which is not a bad short term result moving through earnings.
30-day implied volatility is 26%.?? 10-day implied volatility is 18%.? 30-day implied volatility is trading above the 10-day historical volatility.
Corning Incorporated (Corning) is a global, technology-based corporation.