GLW logo

GLWCorning Incorporated

Options Analysis ReportDRAWING & INSULATING OF NONFERROUS WIRE
Market Cap $131.6B|NYSE
2026-08-28$152.80
NEUTRAL
Analysis: 2026-08-27 EOD data
1Y +121.7%YTD +68.5%7D +2.0%
38,716
30D
±16.9%
25%

GLW Options Overview

IV is elevated. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

5.1VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Loading score history...

GLW Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

5.4
ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 96.8% — elevated vs history

<1.05x

IV/HV 0.91x — IV ≤ HV

Sector Relative≤50%

Sector percentile 86% — above sector median

<1.1x

Front/Back 0.95x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 63.5% — normal range

<80%

Effective IV 80.3% (ATM 63.5% + spread 8.4% + bias) — expensive

<3.0%

Total drag 15.28% (spread 8.40% + slippage 6.88%) — high friction

≥5.0

Vega efficiency 17.43 (vega 14.638 / spread 8.40%) — efficient

Sentiment

Bullish or bearish?

4.7
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: +8%, Raw: +9%)
|net sentiment| ≥25%

Conviction-weighted: +8% (neutral) — Raw: +9%

≥15%

|OI skew| 5.9% — balanced

Same sign, |vol skew| ≥10%

Vol skew -9.2%, OI skew -5.9% — weak (same direction)

≥2/3 conditions

0-DTE 30%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +18%, ATM: -0%, OTM: +10% — bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 80% — very bearish vs sector

Activity

Unusual activity?

2.9
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.8x avg — normal

≥15%

Vol/OI 6.9% — normal turnover

≥2 days

1 day(s) elevated — may be one-day event

≥5%

OI change -13.3% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 49% — neutral vs sector

≥30%

Large trade volume 18% — mixed

≥60%

Aggressive execution 22% — patient

≥30

Conviction +8 (bullish) — mixed

Liquidity

Can I trade efficiently?

4.8
IlliquidLiquid

Evaluates

, volume depth, and open interest for trade execution quality.

Risk Checks4/8 checks passed
≤5.0%

Spread 8.4% — wide

≥10,000

OI 559,019 — deep

≥500

Volume 38,716/day — active

≤$0.50

$0.42 to cross — cheap

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 86% — much wider than sector

≥100 contracts

Depth 228.89999999999998 contracts (bid:89.8 ask:139.1) — adequate

<1.0%

Avg slippage 6.88% — poor

Timing

Is now a good time?

7.7
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed
|slope| ≥5%

Slope -4.8% — flat/unclear

<30 or >70

IV percentile 97% — seller opportunity

≥10pts kink

IV kink -1.1pts — no clear event

<0.5 or >2.0

θ/ν ratio 73.85 — favors income trades

≥3 expirations

5 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +8% @ 54% consistency — unclear

≥40 composite score

Score 48 (ITM 20% + inst 18%) — moderate institutional

Directional Strategy Fit

Option Buyers
Long Calls5.4
bullishIV fair, mixed flow
Long Puts5.6
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.1
bullishIV fair, mixed flow
Covered Call5.4
bearishIV fair, mixed flow

For educational purposes only. Not investment advice.