Calls Sold on Corinthian Colleges (COCO)

Shares of Corinthian Colleges Inc. COCO are lower on the session by 1.95%, currently trading at $10.05. The stock hit a high of $11.13 earlier in the session, before encountering selling pressure. Options traders are selling calls on the name today. The September $10.00 call was sold roughly 2,250 times, on the offer, for $1.55 earlier in the session; open interest on the strike is 2,502 contracts, which may indicate a closing transaction. Call volume is now running at 2.2x the daily average. Corinthian Colleges, Inc. is a post-secondary education company in the United States and Canada. As of June 30, 2009, the company had a student enrolment of 86,088, and operated 89 schools in 24 states and 17 schools in the province of Ontario, Canada.