Calls Purchased on H&R Block, Inc. (HRB)
March 08, 2011 1:07 PM
Shares of H&R Block, Inc. (NYSE: HRB) are higher on the session by 4.63%, currently trading at $15.14. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages.
Options traders are buying calls on the name today. A short while ago the March 2011 $16.00 call was purchased 11,000 times, on the offer, on open interest of 3,036 contracts.
Overall call volume is now running at 4.11x the daily average with 79% of all calls traded being purchases on the offer.
H&R Block, Inc. has subsidiaries that provide tax, banking, and business and consulting services. The company's Tax Services segment provides income tax return preparation, electronic filing and other services and products related to income tax return preparation to the general public primarily in the United States, and also in Canada and Australia.
