SLM Corporation (SLM) Covered Calls
SLM Corporation's business is to originate, service & collect student loans. It provides funding, delivery & servicing support for education loans in the US through Federal Family Education Loan & non-federally guaranteed Private Education Loan Program.
You can sell covered calls on SLM Corporation to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for SLM (prices last updated Fri 4:16 PM ET):
SLM Corporation (SLM) Stock Quote | ||||||
---|---|---|---|---|---|---|
Last | Change | Bid | Ask | Volume | P/E | Market Cap |
24.47 | +0.45 | 24.15 | 24.81 | 1.4M | 8.4 | 5.1 |
Covered Calls For SLM Corporation (SLM) | ||||||
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Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
Dec 20 | 24 | 1.05 | 23.76 | 1.6% | 16.2% | |
Jan 17 | 24 | 1.35 | 23.46 | 2.9% | 16.5% | |
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Extended Business Description
SLM Corp. engages in the origination, servicing and administration of education loans. It operates through four business segments: Consumer Lending, Business Services, FFELP Loans and Other. The Consumer Lending segment originates, acquires, finances and services private education loans. These loans are primarily to bridge the gap between the cost of higher education and the amount funded through financial aid, federal loans or customer's resources. The Business Services segment services its FFELP Loan portfolio and performs servicing, default aversion and contingency collections work on behalf of Guarantors of FFELP Loans and other institutions. The FFELP Loans segment consists of its FFELP Loan portfolio and the underlying debt and capital funding the loans. FFELP Loans are insured or guaranteed by state or not-for-profit agencies and are also protected by contractual rights to recovery from the United States pursuant to guaranty agreements among ED and these agencies. The Other segment includes the repurchase of debt, the corporate liquidity portfolio and all overhead. SLM was founded in 1972 and is headquartered in Newark, DE.
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