Shares of Education Management Corp (EDMC) are up .07 to 1.91.? EDMC is near the bottom of the 52 Week range.
Today paper traded 1229 EDMC Sep 5 puts at 2.95.? The ADV is 265 contracts.? The OI is 1341.
The volume went up in one block through the bid.? Follow up paper were all sales at $3 taking out the bid.? Most of the options traded under parity so the LP?s got to buy calls for a small credit.
?30-day implied volatility is 83%. ? 10-day implied volatility is 53%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Education Management Corporation (EDMC) is a provider of post-secondary education in North America.