Calls Sold on hhgregg Inc. (HGG)

Shares of hhgregg Inc. HGG are higher on the session by 5.80%, currently trading $30.66. This comes after the company missed on their EPS, but beat on revs and guided higher. The stock has been a relative outperformer as of late and has managed to hold the 50-day moving average, which is a bullish sign. Options action in the name is favoring call sales with call volume running at 2.12x the daily average. Only 3% of all calls traded were purchases on the offer. The July $25 and $30 calls were each sold 500 times today on open interest of 2,682 and 1,836 contracts, respectively. hhgregg, Inc. is a specialty retailer of consumer electronics, home appliances, mattresses and related services operating under the names hhgregg and Fine Lines. As of March 31, 2009, hhgregg operated 110 stores.