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Mark R. Hake, CFA

Unusual Activity in Corning Inc. Call Options Highlights Its Value

GLW Corning Inc AnaChart Susquehanna

Today, a large number of call options traded in Corning Inc. (GLW) stock. The volume of call options traded was over 73 times the prior number of calls outstanding. Given its underlying value, investors are bullish on GLW stock.

GLW is at $46.73, up +4.80% in midday trading. Moreover, GLW is up 23.8% since Aug. 5, when it hit a recent low of $37.76. This was after the company's positive outlook in its July 30 Q2 earnings release.

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