Options Brief: SLM

Shares of SLM

are lower on the session by 14.31%, trading at $12.04. Overall put volume is now running at 7.84x the daily average, with 83% of all puts traded being purchases on the offer. 9,537 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.