Options Update: ITT Educational Service (ESI) & General Motors (GM)
ITT Educational Service (ESI)
ESI Volatility Low; Shares Rally On Obama Education Remarks
ITT Educational Service is recently up $7.27 to $99.
President Obama announced new steps on Friday to help unemployed Americans, targeting people who are out of work and want to go back to school.
ESI June option implied volatility of 55 is below its 26-week average of 60, suggesting decreasing price movement.
General Motors (GM)
GM Option Prices Indicates Risk
General Motors is recently down $.17 to $1.44.
GM call option volume of 91,372 contracts compares to put volume of 61,831 contracts.
GM at the money June 1 straddle is priced at $.92, September 1 straddle is at $1.04, suggesting large price movement.
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