Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > News > Monday's Options Report: Barr, Tellabs, El Paso, Opsware, Corning

July 23rd, 2007

Monday's Options Report: Barr, Tellabs, El Paso, Opsware, Corning

Abstract:
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.

Source:
seekingalpha.com

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Investments/IPO's/Splits

Harris & Harris Group Issues Reminder for Shareholder Update Call on January 10, 2017 January 10th, 2017

Arrowhead Provides Response to New Minority Shareholder Announcement January 7th, 2017

Harris & Harris Group Announces a Proposed Strategic Restructuring December 20th, 2016

Harris & Harris Group Issues Letter to Shareholders and Information for Shareholder Call on Tuesday, November 15, 2016 November 14th, 2016

Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers

Traffic jam in empty space: New success for Konstanz physicists in studying the quantum vacuum January 22nd, 2017

A big nano boost for solar cells: Kyoto University and Osaka Gas effort doubles current efficiencies January 21st, 2017

Explaining how 2-D materials break at the atomic level January 20th, 2017

New research helps to meet the challenges of nanotechnology: Research helps to make the most of nanoscale catalytic effects for nanotechnology January 20th, 2017

Photonics/Optics/Lasers

Traffic jam in empty space: New success for Konstanz physicists in studying the quantum vacuum January 22nd, 2017

Recreating conditions inside stars with compact lasers: Scientists offer a new path to creating the extreme conditions found in stars, using ultra-short laser pulses irradiating nanowires January 12th, 2017

New laser based on unusual physics phenomenon could improve telecommunications, computing January 12th, 2017

Researcher's discovery of new crystal structure holds promise for optoelectronic devices January 6th, 2017

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project