Filed under: Citigroup Inc. (C), Options, SLM Corp (SLM)

SLM Corp. (NYSE: SLM), a manager of $160 billion in education loans that serves nearly 10 million student and parent customers, is recently trading down $2.04 to $20.83. SLM announced today that it has entered into a series of transactions with its equity forward contract counterparties at Citibank (NYSE: C). SLM call option volume of 39,244 contracts compares to put volume of 16,830 contracts. SLM January option implied volatility of 110 is above its 26-week average of 43 according to Track Data, suggesting larger price movements.

Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

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This entry was posted on Thursday, December 20th, 2007 at 11:34 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.