Shares of Corinthian Colleges were down .06 yesterday to .84. COCO is at a 52 week low.
Yesterday paper traded 696 COCO Aug 1 puts for .30. The ADV is 450 contracts.? The OI is 162.
The volume went in one block. Trade on the strike was just over 1000 contracts in a name that is going to 0.? The put buyer either wants protection or is looking for COCO to go bankrupt in the Aug cycle.
30-day implied volatility is 92%. ? 10-day implied volatility is 98%.? 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. Ontario, Canada. It offers a variety of diploma programs and associate, bachelor’s and master’s degrees.