Shares of Corinthian Colleges are up .19 to 1.10. ?COCO is near a 52 week low.
Today paper traded 1169 COCO Aug 2 calls for .05. ?The ADV is 446 contracts.? The OI is 5822.
The volume went in on block.? Most of the call trading appears to be buying with the IV up 4 points in Aug.? Trade on the Aug 2 strike had puts trading briskly around the .95-1.0 range.? It appears that most of the action is closing. The Nov 1 calls trade for .30 with paper mostly buying.? Some news out and the short calls and long puts are closing or covering today.
30-day implied volatility is 91%.?? 10-day implied volatility is 115%.? 30-day implied volatility is trading below 10-day historical volatility.
Corinthian Colleges, Inc. is a post-secondary education company in the United States and Canada.?