SLM Corporation (NYSE: SLM), a leading provider of saving and paying for college programs, is recently down $1.91 to $44.36.
SLM says that the J.C. Flowers, Bank of America Corporation (NYSE: BAC), and JPMorgan Chase & Company (NYSE: JPM) buyers group does not expect to consummate the acquisition of SLM. SLM call option volume of 98,356 contracts compares to put volume of 68,654 contracts. SLM October option implied volatility was at 91 according to Track Data, suggesting larger price movements.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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Reader Comments (Page 1 of 1)
9-26-2007 @ 8:55PM
JP74 said...
It's not just the financial or legislative aspects. Those of us whose lives have been thrown into upheaval by exploding balances on delinquent or defaulted student loans are getting organized, and we're taking on the needless, big bank middlemen like SLM Corporation. The Cuomo inquiry was just the beginning. The fact is, the William Ford Direct Loan Program, administered directly by the government, is 4x more efficient and cheaper than SLM Corporation, which needs to keep its Chairman Albert L. Lord, B.A. Penn State, in golf balls for his persona, $15 million luxury golf course. STUDENTLOANJUSTICE.ORG