Apollo Group (APOL) adds 51 cents to $36.70 amid strength in the space on reports a Federal Court has struck down a rule that would have tightened admission standards for for-profit education companies – CNBC. Yet, while APOL is up, overall options order flow on the ticker seems bearish — 7,180 puts and 1,370 calls so far. November 27 puts, which are 26.4 percent OTM with a -.13 delta, are the most actives. More than 4,500 traded against 209 in open interest. Implied vols are moving up 1.5 percnet to 32.5, even as the stock continues its recent run higher. APOL is up 12.8 percent since earnings were reported a week ago.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.