H and R Block Inc (HRB) $16.27 -0.31%
H&R Block loses 4 cents to $16.28 and an Apr 15 – Oct 18 call spread is apparently bought on the tax preparer for 85 cents, 1100X, and probably rolls a position. April 15 calls are $1.28 in-the-money and are being bought to close. The Oct 18s look opening and the spread might adjust a buy-write play on HRB after a 22.3 percent advance in shares since September. The activity comes ahead of earnings, due out Wednesday afternoon.
Category: All Stocks, Mid Cap Stocks, Retail
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
