Calls Purchased on hhgregg

Shares of hhgregg (NYSE: HGG) are lower on the session by 0.49%, currently trading at $12.27. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.

Options traders are buying calls on the name today. A short while ago the August 2011 $13.00 call traded 2,600 times on open interest of 331 contracts. Overall call volume is now running at 20.76x the daily average with 70% of all calls traded being purchases on the offer.

hhgregg, Inc. is a specialty retailer of consumer electronics, home appliances, mattresses and related services operating under the names hhgregg.