Call option volume for Blackboard (BBBB) is significantly up today, and there does not appear to be any related news. Blackboard’s stock price is also little changed from Friday’s close.
Blackboard provides software applications and services to the education industry. If you’re in the education market segment and want to educate online, then Blackboard is the company for you. Their Blackboard Learning System enables education providers to provide a comprehensive online learning environment.
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Blackboard’s competition includes eCollege.com, Jenzabar and SunGard Higher Education — all privately held.
Blackboard’s stock price took a hit earlier in the year, as did a lot of other stocks, but has recovered nicely from its low in November of 2008 – up around 100% from its low price. Blackboard’s stock price is currently near its 52-week high.
The Blackboard call options seeing significant action today are the OCT/NOV 35, 40 options. The 2010 JAN 35 call option is also seeing some interest today. All is not bullish, as some of Blackboard’s put options are also seeing some action, NOV 40 and 2010 JAN 45.
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So what’s up with Blackboard? Blackboard should report earnings pretty soon, but stock options volume usually doesn’t jump until the day of or the day prior to an earnings report. Maybe some big Internet company has their sights trained on Blackboard, Google (GOOG) maybe? Google seems like a good fit, with their online books initiative.
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A very nice covered call investing position for Blackboard is available for November stock options expiration with a %if unchanged potential return of 4.4% and a %if assigned potential return of 6.9%. Time frame realizing the potential return is only 40 days. The call option to sell for the covered call investing position would be the November 40 with ticker symbol BPUKH.
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To enter the covered call investing position an investor would purchase the stocks in multiples of 100 shares and sell one call option for each 100 shares of stock purchased.
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[tags] education industry, Blackboard Learning System, online learning, eCollege.com, Jenzabar, SunGard Higher Education, earnings report, Internet, BBBB, Blackboard Inc., GOOG, Google Inc. [/tags]