Notable Put Options Activity in SLM Corporation
Shares of SLM Corporation (NYSE: SLM) are lower on the session by 0.86%, currently trading at $16.22. The stock has been moving largely higher over the past three 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 put, which has traded 1,000 times on open interest of 4,612 contracts.
Put volume is outpacing call volume by 1,000 to 1.
SLM Corporation, known as Sallie Mae, is a holding company that operates through a number of subsidiaries.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.