Shares of the Education Mangement Corp (EDMC) are down .01 to 2.10 today.? EDMC is at the bottom of the 52 week range.
Today paper traded 1400 EDMC Jun 2.5 puts for .40-50.? The ADV is 183 contracts.? The OI is 1320 contracts.
The volume went up in 50 lot blocks.? The trader(s) bought the puts for .10 over parity on the short rally in EDMC earlier today.? This could be partially short covering but EDMC is very close to the lows so this is doubtful since the total volume is over the OI.
30-day implied volatility is 88%. ? 10-day implied volatility is 102%.? 30 day implied volatility is trading below 10 Day Historical volatility.
Education Management Corporation (EDMC) is a provider of post-secondary education in North America, with approximately 151,200 enrolled students as of October 2011. It offers academic programs to its students through campus-based and online instruction.