Wednesday, March 15, 2006

Heavy Put Buying on H&R Block Options

I was looking at this stock in light of the fraud allegations and noticed that there was some very heavy put buying on the April 20s. And the put to call ration is like 10 to 1. Check this out. A firm like H&R Block lives and dies by its reputation and this kind of thing could be a serious blow to it.

I know that I wouldn't trust them to do my taxes if they are funneling money into non-performing crap to make a few extra bucks. Of course they are still in the allegations phase so they could come out of it smelling like a rose.

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