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

180 Degree Capital Corp. Announces the Start of Kevin Rendino as Chairman and Chief Executive Officer and Completion of its Transition to a Registered Closed-End Fund March 31st, 2017

Harris & Harris Group Issues Its Financial Statements as of December 31, 2016, Posts Its Annual Shareholder Letter, And Will Host a Conference Call for Shareholders on Friday, March 17, 2017 March 15th, 2017

Harris & Harris Group Announces the Filing of Preliminary Proxy Materials Detailing Its Proposed Conversion From a BDC to a Registered Closed-End Fund January 24th, 2017

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

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

Metal nanoparticles induced visible-light photocatalysis: Mechanisms, applications, ways of promoting catalytic activity and outlook April 27th, 2017

Video captures bubble-blowing battery in action: Researchers propose how bubbles form, could lead to smaller lithium-air batteries April 26th, 2017

Using light to propel water : With new method, MIT engineers can control and separate fluids on a surface using only visible light April 25th, 2017

Graphene holds up under high pressure: Used in filtration membranes, ultrathin material could help make desalination more productive April 24th, 2017

Photonics/Optics/Lasers

Using light to propel water : With new method, MIT engineers can control and separate fluids on a surface using only visible light April 25th, 2017

Method improves semiconductor fiber optics, paves way for developing devices April 16th, 2017

AIM Photonics Presents Cutting-Edge Integrated Photonics Technology Developments to Packed House at OFC 2017, the Optical Networking and Communication Conference & Exhibition April 11th, 2017

Photonics breakthough paving the way for improved wireless communication systems: The work could bolster the wireless revolution underway with efficiencies several orders of magnitude April 5th, 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