Corning Shares Rise 1.3% to $196.57
Moderately bullish activity in Corning (GLW), with shares up $2.52, or 1.3%, near $196.57. Options volume relatively light with 46k contracts traded and calls leading puts for a put/call ratio of 0.64, compared to a typical level near 0.64. Implied volatility (IV30) is higher by 3.0 points near 74.96, in the highest 10% of observations over the past year, suggesting an expected daily move of $9.28. Put-call skew steepened, indicating increased demand for downside protection.