Options Update: SLM (SLM) & Wellpoint (WLP)
SLM (SLM)
SLM Put Volume And Volatility Spikes On Sell Off
SLM is recently down $2.04 to $6.30. President Obama proposed a $3.55 trillion budget for 2010.
SLM March 5 puts have traded 100 times on transaction volume of 6.914 contracts, above its open interest of 4,346 contracts.
SLM March option implied volatility is at 137, April volatility is at 132. This is above its 26-weeks is 101, suggesting larger price movement.
Wellpoint (WLP)
WLP Puts Active On Obama Budget, Health and Medicare Reform
Wellpoint, a health benefits company, is recently down $2.47 to $36.65.
WLP call option volume of 7,609 contracts compares to put volume of 12,357 contracts.
WLP March option implied volatility is at 66, April is at 64. This is above its 26-week average of 55, suggesting larger price movement.
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