Tuesday, March 27, 2007

Late Session Comments

H&R Block (HRB) options trading is picking up again. More than 7000 April 20 puts have traded with implied volatility rising to 56. Even the less active April 17-1/2 puts which were offered yesterday at only .15 were offered as high as .30 today. The company had targeted the end of this quarter to sell its OptionOne mortgage division. There has been active call trading as well.

Natural Gas is up 3% at $7.49 per decatherm. Accuweather says last year was just a breather.

April 6 0400 hrs mark it down on your calendars. Oy vey, I kid you not! I realize Debka is Debka, but that one takes the cake.

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