Calls Purchased on Jackson Hewitt Tax Service (JTX)

Shares of Jackson Hewitt Tax Service JTX are higher on the session by 8.07%, currently trading at $1.74. The stock has been moving largely lower over the past two months, though it is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the April 2011 $2.00 call was purchased 1,000 times, on the offer, for $0.30 on open interest of 1,517 contracts. Overall call volume is now running at 2.34x the daily average with 97% of all calls 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.