In a competitive situation, the television division of Spyglass has optioned Stephen King’s latest novel The Institute. The creative team boasts Emmy Award-winners David E. Kelley (Big Little Lies) to adapt and executive produce the limited series with Jack Bender (Lost) serving as director and executive producer. King's new book, available today, focuses on a group of super-powered kids who are stolen away in the dead of night and locked up in the titular location by shady individuals for what we can only assume are nefarious purposes. The Institute reunites Kelley with Bender who have worked …