H&R Block (HRB, news, chart) calls are active. Shares hit a high of $25.80 and its best levels in almost four years early Friday. Sentiment in the options market seems mostly bullish as well. Total volume is running 7 times the usual, with 13,000 HRB calls and only 112 puts trading on the day. Most of the activity is in the April 30 and January 25 calls. In the former, 6,067 contracts have traded, compared to open interest of 10,327. In the latter, 6,400 contracts traded, compared to open interest of 1,374. So, it is possible that the uptick in volume is due to closing of the Januarys and opening of the Aprils. In any case, it seems to be bullish position in the company and comes ahead of an earnings report due out September 3 after the closing bell.

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