- About Us
- Career Center
- Nano-Social Network
- Nano Consulting
- My Account
July 23rd, 2007
GLW - Options volume in materials maker Corning (GLW) is resoundingly higher this morning, on news that it is closing in on a breakthrough development in fiber-optic nanotechnology for mobile communications provider Verizon (VZ). Corning's innovation allows cabled fibers to be bent around very tight corners without incurring signal loss. According to a Corning press release, these bendable fibers will allow carriers to offer high-speed Internet, voice telecommunications and HDTV services to customers in apartments and condominiums, where high-speed services of this nature have traditionally been spotty and inefficient. Corning shares are up about half a percentage point in early trading, at $26.67, well within a dollar of its 52-week high.
Options traders have rewarded the innovation by putting 54,250 of its option contracts in play. Calls are currently outmoving puts by a factor of nearly 3.5. More than 13,650 contracts have moved at the August 30.0 call, which presupposes a nearly $4 rise in Corning share prices within the next month. Nearly 2,000 contracts have gone through at the January ‘08 35.0 strike. Implied volatility on Corning options stands at 35 percent - a significant elevation from the 20.8 percent historic variability in Corning share prices.
|Related News Press|
Nanometrics Announces Upcoming Investor Events July 20th, 2016
Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers
Attosecond physics: Mapping electromagnetic waveforms July 25th, 2016
RMIT researchers make leap in measuring quantum states July 21st, 2016