Notable Call Options Activity in SLM

Shares of SLM (NYSE:

) are higher on the session by 4.56%, currently trading at $13.31. The stock has been moving largely lower over the past two months and is currently trading below the 50-day average. Options traders are focusing on calls today. A short while ago the October 2011 $17 call traded 9,200 times on open interest of 27,457 contracts. 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.