Options Brief: SLM

Shares of SLM (NYSE:

) are higher on the session by 1.32%, trading at $15.77. Overall call volume is now running at 2.56x the daily average, with 36% of all calls traded being purchases on the offer. 5,524 contracts have traded on the session so far. 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.