GLW Analysis

Corning Inc. (GLW)

Update 7/26/2017: GLW fell a dollar at the market open after earnings were published, and I exited at 25% of maximum potential profit.

Shares declined by1.0% from entry to exit, or a -350% annual rate. The options positions produced a 33.3% yield on debit for a +12,167% annual rate.

GLW publishes earnings on Wednesday before the opening bell.

I shall use options that trade for the last time 10 days later, on Aug. 4.

Implied volatility stands at 26%, which is 2.8 times the VIX, a measure of the volatility of the S&P 500 index.

GLW’s IV stands in the 57th percentile of its annual range and at the peak of its most recent broad movement.

The price used for analysis was $31.83.

Premium: $1.24 Expire OTM  
GLW-iron fly Strike Odds Delta
Long 34.50 86.7% 12
Break-even 66.50
Short 32.00 55.4% 47
Short 32.00 44.6% 53
Break-even 30.74
Long 29.50 91.4% 10

The premium is 50% of the width of the position’s wings.

The risk/reward ratio is 1:1.

Decision for My Account

I have entered an order on GLW as described above. The stock at the time of entry was priced at $31.81.

By Tim Bovee, Fukuoka, Japan, July 25, 2017


Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

Creative Commons License

All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Based on a work at

2 thoughts on “GLW Analysis

Comments are closed.