Market Overview

Puts Purchased on Jackson Hewitt Tax Service (JTX)

Shares of Jackson Hewitt Tax Service (NYSE: JTX) are higher on the session by 5.04%, currently trading at $1.25. The stock has been moving largely lower over the past three months and is currently trading below the 50-day and 200-day moving averages.

Options traders are buying puts on the name today. A short while ago the July 2011 $1.00 put was purchased 1,000 times, on the offer, on open interest of 1,354 contracts.

Overall put volume is now running at 5.06x the daily average with 85% of all puts traded being purchases on the offer.

Jackson Hewitt Tax Service Inc. provides computerized preparation of federal, state and local individual income tax returns in the United States through a nationwide network of franchised and company-owned offices operating under the brand name Jackson Hewitt Tax Service.

Posted-In: Short Ideas Technicals Options Trading Ideas

 

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