Calls Purchased on hhgregg, Inc.

Shares of hhgregg, Inc. HGG are higher on the session by 12.96%, currently trading at $14.64. The stock has been moving largely lower over the past six months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A short while ago the June 2011 $15.00 call was purchased 1,000 times, on the offer, on open interest of 176 contracts. Overall call volume is now running at 4.92x the daily average with 70% of all calls traded being purchases on the offer. hhgregg, Inc. is a specialty retailer of consumer electronics, home appliances, mattresses and related services operating under the names hhgregg. As of March 31, 2010, the company operated 131 stores in Alabama, Florida, Georgia, Indiana, Kentucky, Mississippi, North Carolina, Ohio, South Carolina, Tennessee and Virginia.