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

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.


Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press


Harris & Harris Group Notes Announcements by Its Portfolio Companies During the Third Quarter of 2016 September 30th, 2016

Nanotech Grants Options September 22nd, 2016

Arrowhead Pharmaceuticals to Present at Upcoming September Conferences September 1st, 2016

Industrial Nanotech, Inc. Provides Shareholder Update August 22nd, 2016

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

Move over, solar: The next big renewable energy source could be at our feet October 20th, 2016

Smashing metallic cubes toughens them up: Rice University scientists fire micro-cubes at target to change their nanoscale structures October 20th, 2016

Self-healable battery Lithium ion battery for electronic textiles grows back together after breaking October 20th, 2016

Scientists find technique to improve carbon superlattices for quantum electronic devices: In a paradigm shift from conventional electronic devices, exploiting the quantum properties of superlattices holds the promise of developing new technologies October 20th, 2016


Scientists develop a semiconductor nanocomposite material that moves in response to light October 17th, 2016

Metamaterial uses light to control its motion October 10th, 2016

Core technology springs from nanoscale rods: Rice University lab turns nanorods into multistate switches with an electron beam October 10th, 2016

UCLA chemists report new insights about properties of matter at the nanoscale: Research may lead to new, smaller molecular machines October 9th, 2016

The latest news from around the world, FREE

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

Nanotechnology Now Featured Books


The Hunger Project