Corning Options Trading: A Deep Dive into Market Sentiment

Deep-pocketed investors have adopted a bearish approach towards Corning (NYSE:GLW), and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in GLW usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga’s options scanner highlighted 22 extraordinary options activities for Corning. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 22% leaning bullish and 63% bearish. Among these notable options, 11 are puts, totaling $543,760, and 11 are calls, amounting to $799,987.

What’s The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $100.0 for Corning during the past quarter.

Analyzing Volume & Open Interest

In today’s trading context, the average open interest for options of Corning stands at 1100.08, with a total volume reaching 3,925.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Corning, situated within the strike price corridor from $15.0 to $100.0, throughout the last 30 days.

Corning 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

SymbolPUT/CALLTrade TypeSentimentExp. DateAskBidPriceStrike PriceTotal Trade PriceOpen InterestVolume

GLW
CALL
TRADE
BULLISH
01/16/26
$42.15
$40.55
$42.05
$45.00
$273.3K
1.3K
65

GLW
CALL
TRADE
BEARISH
01/15/27
$11.85
$11.15
$11.15
$100.00
$100.3K
1.2K
198

GLW
CALL
TRADE
NEUTRAL
01/15/27
$11.85
$10.4
$11.15
$100.00
$100.3K
1.2K
108

GLW
PUT
TRADE
BEARISH
06/18/26
$11.3
$10.9
$11.3
$90.00
$71.1K
170
318

GLW
PUT
TRADE
BEARISH
06/18/26
$11.35
$10.9
$11.3
$90.00
$59.8K
170
328

About Corning

Corning is a provider of glass, ceramics, and optical fiber across six distinct end markets. Corning’s largest segments by revenue are display glass for TVs and optical fiber for telecom networks and data centers. It also provides cover glass into smartphones, filters and substrates and glass into cars, produces pharmaceutical glass, and produces polysilicon for solar panels. Corning is a U.S. producer, and is vertically-integrated across its products and markets.

After a thorough review of the options trading surrounding Corning, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Where Is Corning Standing Right Now?

• Trading volume stands at 1,861,686, with GLW’s price down by -0.05%, positioned at $85.19.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 16 days.

What The Experts Say On Corning

1 market experts have recently issued ratings for this stock, with a consensus target price of $98.0.

• Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Corning, targeting a price of $98.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics.