Friday, April 13, 2007

UPDATE 1-Sallie Mae options trade heavy as rumors swirl

(Reuters) - CHICAGO, April 13 - A jump in trading of SLM Corp. calls on Thursday ahead of a New York Times report that the largest U.S. student loan company was in talks to go private was unusual, but not necessarily indicative of insider trading, option analysts said.

Upcoming earnings and the persistent rumors of a possible buyout could have been contributing factors to the surge of bullish options trading prior to Friday's report, analysts said.


Read more at Reuters.com Bonds News

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