H&R Block drew bullish option activity yesterday for the second time in the last three sessions.
More than 20,000 January 2014 30 calls were bought yesterday, led by prints of 8,361 for $0.25 and 8,360 for $0.30, according to optionMONSTER’s Heat Seeker tracking system. These are new positions, as there was no open interest in the strike at the beginning of the day.
HRB rose 0.65 percent to $23.07 yesterday after hitting $23.18 earlier in the session, its highest intraday price since January 2010. This $23 level has been resistance going back even further, to October 2008. The stock had been trending steadily higher since trading at their 52-week lows around $14.50 last May, but shares have really taken off since starting 2013 just above $18.
— Option Monster