There is also an upcoming quarterly ex-dividend of
$.28 per share this Friday on November 14th (at a current annual dividend yield of 1.3%), so two potential
return-on-investment results for this position, as detailed below,
include the possibility of early assignment because the ex-dividend is 7 days prior to the Nov. 21st, 2025 options expiration date. An in-the-money Covered Calls position was established when the probability of the stock closing in-the-money (and therefore being assigned) on the 11/21/2025 options expiration date was 67.2%. Also, there is no quarterly earnings report prior to the options expiration date.
Two of my favorite stock reports are CFRA and LSEG both of which currently have Buy ratings on GLW. I also like to invest in companies with increasing revenue and earnings, and Corning's revenue and earnings are now both trending in the low double digits (which are also projected to continue into FY 2026) compared with mid-single digits historically.
Corning Inc. (GLW) -- New Covered Calls Position
The buy/write transaction was:
11/11/2025 Bought 200 Corning Inc. shares @ $87.75
11/11/2025 Sold 2 Corning 11/21/2025 $85.00 Call options @ $3.95
Note: the Implied Volatility of the Call options was 38.5 when this buy/write transaction was executed.
11/14/2025 Upcoming quarterly ex-dividend of $.28 per share
Two possible overall performance results (including commissions) for this Corning Inc. Covered Calls position are as follows:
Covered Calls Cost Basis: $16,761.34
= ($87.75 - $3.95) * 200 shares + $1.34 commission
Net Profit Components:
(a) Options Income: +$788.66
= ($3.95 * 200 shares) - $1.34 commission
(b) Dividend Income (If option exercised early on Nov. 13th, the last business day prior to the November 14th ex-dividend date): +$0.00; or
(b) Dividend Income (If Corning stock assigned at the Nov. 21st, 2025 expiration): +$56.00 = ($.28 dividend per share x 200 shares)
At least eight of the nine metrics used in the Covered Calls Advisor's Dividend Capture Strategy spreadsheet must be 'YES' prior to establishing a position. As shown below with this Corning Inc. position, all nine criteria were met.
As detailed below, two potential return-on-investment results are:
- +1.4% absolute return (equivalent to +129.9% annualized return-on-investment for the next 3 days) in the relatively unlikely event that the stock is assigned early (on the last business day prior to the November 14th, 2025 ex-dividend date); OR
- +1.8% absolute return (equivalent to +64.2% annualized return-on-investment over the next 10 days) if the stock is assigned on the November 21st, 2025 options expiration date.
Corning Inc. (GLW) -- New Covered Calls Position
The buy/write transaction was:
11/11/2025 Sold 2 Corning 11/21/2025 $85.00 Call options @ $3.95
Note: the Implied Volatility of the Call options was 38.5 when this buy/write transaction was executed.
11/14/2025 Upcoming quarterly ex-dividend of $.28 per share
Two possible overall performance results (including commissions) for this Corning Inc. Covered Calls position are as follows:
Covered Calls Cost Basis: $16,761.34
= ($87.75 - $3.95) * 200 shares + $1.34 commission
Net Profit Components:
(a) Options Income: +$788.66
= ($3.95 * 200 shares) - $1.34 commission
(b) Dividend Income (If option exercised early on Nov. 13th, the last business day prior to the November 14th ex-dividend date): +$0.00; or
(b) Dividend Income (If Corning stock assigned at the Nov. 21st, 2025 expiration): +$56.00 = ($.28 dividend per share x 200 shares)
(c) Capital Appreciation (If Corning Call options assigned early on Nov. 14th): -$550.00
+($85.00 strike price - $87.75 stock purchase price) * 200 shares; or
(c) Capital Appreciation (If shares assigned at $85.00 strike price at the 11/21/2025 options expiration): -$550.00
+($85.00 - $87.75) * 200 shares
(c) Capital Appreciation (If shares assigned at $85.00 strike price at the 11/21/2025 options expiration): -$550.00
+($85.00 - $87.75) * 200 shares
1. Total Net Profit [If option exercised early on the last business day prior to the Nov. 14th ex-dividend date)]: +$238.66
= (+$788.66 options income + $0.00 dividend income - $550.00 capital appreciation); or
2. Total Net Profit (If Corning shares assigned at $85.00 strike price at the Nov. 21st, 2025 expiration): +$294.66
= (+$788.66 + $56.00 - $550.00)
1. Potential Absolute Return-on-Investment (If option exercised early on 11/14): +1.4%
= +$238.66/$16,761.34
Potential Annualized Return-on-Investment: +129.9%
= (+$238.66/$16,761.34) * (365/4 days); or
2. Potential Absolute Return-on-Investment (If Corning shares assigned at $85.00 at the November 21st, 2025 options expiration): +1.8%
= +$294.66/$16,761.34
Potential Annualized Return-on-Investment (If Corning shares assigned at the Nov. 21st, 2025 options expiration date): +64.2%
= (+$294.66/$16,761.34) * (365/10 days)
At least eight of the nine metrics used in the Covered Calls Advisor's Dividend Capture Strategy spreadsheet must be 'YES' prior to establishing a position. As shown below with this Corning Inc. position, all nine criteria were met.
