Corning Shares Rise $2.54 to $199.32
Moderately bullish activity in Corning (GLW), with shares up $2.54, or 1.29%, near $199.32. Options volume roughly in line with average with 50k contracts traded and calls leading puts for a put/call ratio of 0.46, compared to a typical level near 0.68. Implied volatility (IV30) is higher by 0.0 points near 96.6, in the highest 10% of observations over the past year, suggesting an expected daily move of $12.13. Put-call skew steepened, indicating increased demand for downside protection.
