Puts Purchased on Corning Incorporated (GLW)

Shares of Corning Incorporated

are higher on the session by 0.29%, currently trading at $20.69. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short while ago the May 2011 $20.00 put was purchased 13,000 times, on the offer, on open interest of 11,524 contracts. Overall put volume is now running at 2.17x the daily average with 76% of all puts traded being purchases on the offer. Corning Incorporated is a technology-based company. Corning operates in five business segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials and Life Sciences.