Calls Bought as H&R Block Drops (HRB)

Shares of H&R Block HRB are lower on the session by 7.09%, currently trading at $11.80. The stock has been moving largely higher over the past four months and is currently trading above the 50-day moving average. Options traders are buying calls on the name today. A short while ago the January 2012 $12.50 call was purchased 4,000 times, on the offer, for $1.90 on open interest of only 890 contracts. This signals new positioning on the name. H&R Block, Inc., through its subsidiaries, provides tax preparation, retail banking, and various business advisory and consulting services. It operates in three segments: Tax Services, Business Services, and Corporate.