Calls Purchased on Career Education Corporation (CECO)
May 03, 2011 10:24 AM
Shares of Career Education Corporation (NASDAQ: CECO) are higher on the session by 2.31%, currently trading at $22.39. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the May 2011 $23.00 call was purchased 3,000 times, on the offer, on open interest of only 559 contracts. This signals new positioning on the strike.
Overall call volume is now running at 8.75x the daily average with 70% of all calls traded being purchases on the offer.
Career Education Corporation, through colleges, schools and universities that are part of the CEC family, offers education to a diverse student population of over 116,000 students in a variety of career-oriented disciplines.
