Puts Purchased on H&R Block (HRB)

Shares of H&R Block, Inc. HRB are higher on the session by 0.07%, currently trading at $14.07. The stock has been moving largely lower over the past six months, off from highs near $21.00. Options traders are buying puts on the name today, perhaps as a hedge to long shares. The January 2011 $11.00 put was purchased 4,140 times, on the offer, for $0.50 a short while ago; open interest on the strike is 339 contracts. This signals new positioning on the strike. Put volume is now running at 3.70x the daily average. 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.