Notable Put Options Activity in SLM

Shares of SLM

are higher on the session by 0.52%, currently trading at $13.54. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the April 2012 $15.00 put, which has traded 2,000 times on open interest of 182 contracts. Put volume is outpacing call volume by 2,000 to 1. SLM Corporation, known as Sallie Mae, is a holding company that operates through a number of subsidiaries. The company's primary business is to originate, service and collect loans made to students and/or their parents to finance the cost of their education.