COCO Option Call Buying Profits More Than 250K on Spike

http://www.OptionSIZZLE.com On a quiet choppy trading day, school stocks added a late day spark with unconfirmed reports being kicked around about the federal education official would soon step down. In the Elite Chat Room we saw the names start to run wondering what the news was, but soon after the the move higher we saw institutional call buyers step and take big blocks of calls on the offer looking for more of a move in those names. I alerted members to the blocks of calls coming through in the May 15 calls in Career Education Corp (COCO). Buyers were coming in at 25 cents pushing implied volatility higher. The calls ended up some 500% on day and were up over 600% ten minutes after I the alert.