GLW Flow Report

Analysis based on market close March 31, 2026

Directional Theta Gang Flow Earnings

Flow Verdict

Confidence:

7.5 / 10

base 5; +2 strong bullish flow/net premium; +1 GEX pinning supportive; -0.5 high IV regime suggests caution

Watch next session: $144C 4/2 print follow-through; Defensive put flow near $120-$130

Flow Summary

Net premium: +$19.3M bullish

P/C volume ratio: 0.46 — extremely call-dominant

P/C OI ratio: 0.68 — moderate call lean

Extreme call dominance in volume with strong bullish net premium. Flow is aggressively betting on upside, though positioning shows a more balanced OI structure. The high IV regime suggests these are high-conviction, high-cost bets.

Notable Prints

GLW 4/2 $144 Call

Vol: 596

OI: 125

Vol/OI: 4.8x

IV: 59.0%

Notional: ~$1.4M (est. from premium flow data)

Intent: Fresh directional call buying for immediate upside

Dual read: Bought to open (bullish breakout bet) or part of a spread (bull call spread)

Read-through: Targets a move above $144 (~6% upside) within 2 days. High volume vs. OI indicates new positioning, not rolling.

GLW 1/15/27 $165 Call

Vol: 434

OI: 208

Vol/OI: 2.1x

IV: 65.5%

Notional: ~$1.2M (est. from premium flow data)

Intent: Long-dated directional call buying

Dual read: LEAP purchase for strategic long-term bullish view

Read-through: Targets ~21% upside over 290 days. This is a high-conviction, capital-intensive bet, not a short-term trade.

Institutional Positioning

Call additions: Aggressive call buying across $140-$170 strikes, concentrated in near-term ($144C 4/2) and LEAPS ($165C 1/27).

Put additions: Minimal notable put flow. Defensive positioning appears static in OI at $120-$135 puts.

GEX/DEX consistency: Yes — Positive GEX (+$6.6M) aligns with bullish flow, creating a pinning/mean-reverting force near spot.

OI clusters: Call walls: $150 (6.9K OI), $140 (4.1K OI). Put walls: $120 (9.8K OI combined), $135 (4.2K OI). Creates a likely range between $120 (strong support) and $150 (resistance).

Hedging evidence: Limited fresh hedging seen in flow. Large existing OI at $120 puts may represent longer-term portfolio protection.

Max pain context: Spot ($135.97) is below nearest max pain ($138). Falling MP trend suggests OI is building at lower strikes over time, but current flow is fighting that trend.

Signal vs Noise

~High volume in $190C (5,307) is notable in Top OI but absent from Unusual Activity, suggesting it may be older, rolled, or spread-related positioning, not fresh directional.

~The $87.50 call shows high net premium but is deep OTM (~36% below spot). This is likely a cheap, speculative lottery ticket or part of a complex multi-leg structure, not a pure directional signal.

Key Conclusions

🚀Flow is aggressively bullish: extreme P/C ratio (0.46) & +$19.3M net premium

📌Positive GEX (+$6.6M) supports pinning/mean reversion near current spot

🧱Key OI levels define battle lines: $120 put wall (support) vs. $150 call wall (resistance)

⚠️High IV (~72%) means options are expensive; flow represents high-conviction bets

Read the Flow analysis for GLW. This AI-generated report covers regime classification, key price levels, strategy recommendations, and actionable trade ideas drawn from end-of-day options data including gamma exposure, delta exposure, and implied volatility.