160 CECO Jan 5 calls went up 1 block on the MIAX w/ volume on the strike over 1500 contracts
Shares of Career Education Corp. (CECO) are up .21 to 3.78. ?CECO is near the lower end of the 52 week range.
- Paper traded 160 CECO Jan 5 calls for .25. ?
- The ADV is 344.?
- The OI is 672 contracts.
The volume went up 1 block on the MIAX.? Volume on the strike is over 1500 contracts as traders bought calls on all exchange, even posting a .25 at one point.? Small volume is trading on the Nov 5s as well.? Unless there is a short stock position these calls look like a speculative long play as the online education business seeks to crawl out of the basement.
- IV 30 is trading for 103%.?
- HV10 is trading for 60%.?
- IV 30 is trading above the HV 10.
Career Education Corporation (CEC) through its colleges, institutions and universities offers education to students in a range of career-oriented disciplines through online, on-ground and hybrid learning program offerings.