Geo Group (GEO) puts active on sharp pull back

August 29, 2016 2:52 PM EDT

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GEO Group (NYSE: GEO) July 17.5 and 20 puts are active on total put volume of 1,500 contracts (560 calls) on headlines Department of Homeland Security will review its use of private prisons. September put option implied volatility is at 66, October is at 62; compared to its 52-week range of 21 to 95.



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