For-profit educators getting pummeled

Making money on the short side is certainly easier in a bear market. Apollo Group (think University of Phoenix) shares tanked overnight DESPITE beating earnings estimates and enrollment increases by a long shot. My May, August and January put options soared as a result. I closed out my May puts due to expiration next month, but I kept my August and January puts in case this stock drops further. After some due diligence, there are way too many lawsuits and scrutiny into their sales practices and accounting of student loan revenue. The new Obama administration won't take kindly to any accounting irregularities. As I don't want any scrutiny, please Google "Apollo Group Citron".