Options update 12-27-07: SLM volatility up as shares near seven-year low


SLM (NYSE: SLM) is recently at $20 in pre-open trading below its close of $22.13.

SLM said it will sell $2.5 billion in stock and other securities to raise cash needed to settle contracts under which it effectively bet that its own stock would not decline by a large amount in price.

Thomas Weisel lowered its price target on SLM from $31 to $25.

SLM January option implied volatility is at 79; February is at 85; above its 26-week average of 47 according to Track Data, suggesting larger price movements.

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

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
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S&P 500-9.311,342.64

Last updated: February 13, 2012: 06:25 AM

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