GLWCorning Incorporated
GLW Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
GLW Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 96.8% — elevated vs history
IV/HV 0.91x — IV ≤ HV
Sector percentile 86% — above sector median
Front/Back 0.95x — contango
Put/Call IV 1.16x — elevated
ATM IV 63.5% — normal range
Effective IV 80.3% (ATM 63.5% + spread 8.4% + bias) — expensive
Total drag 15.28% (spread 8.40% + slippage 6.88%) — high friction
Vega efficiency 17.43 (vega 14.638 / spread 8.40%) — efficient
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +8% (neutral) — Raw: +9%
|OI skew| 5.9% — balanced
Vol skew -9.2%, OI skew -5.9% — weak (same direction)
0-DTE 30%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +18%, ATM: -0%, OTM: +10% — bullish (ITM/ATM divergent)
Sector P/C percentile 80% — very bearish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.8x avg — normal
Vol/OI 6.9% — normal turnover
1 day(s) elevated — may be one-day event
OI change -13.3% (5d) — unwinding
Sector activity percentile 49% — neutral vs sector
Large trade volume 18% — mixed
Aggressive execution 22% — patient
Conviction +8 (bullish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 8.4% — wide
OI 559,019 — deep
Volume 38,716/day — active
$0.42 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 86% — much wider than sector
Depth 228.89999999999998 contracts (bid:89.8 ask:139.1) — adequate
Avg slippage 6.88% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -4.8% — flat/unclear
IV percentile 97% — seller opportunity
IV kink -1.1pts — no clear event
θ/ν ratio 73.85 — favors income trades
5 liquid expirations — flexible
safe window: No events detected
Spread ratio 1.00x — stable
Flow +8% @ 54% consistency — unclear
Score 48 (ITM 20% + inst 18%) — moderate institutional
Directional Strategy Fit
For educational purposes only. Not investment advice.