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.

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