Colgate Palmolive Co (CL) $68.42 +3.75%
Colgate Palmolive (CL) is up $2.60 to $68.55 and 7,500 June 70 calls traded, compared to 512 contracts of open interest. Looks like sellers taking advantage of today’s strength to sell the contract, which is 2.1 percent out of the money with 18 days left till expiration. Implied volatility is easing below 20, down fractionally on the day. Meanwhile, looks like buyers in CL Aug 70s, with 4,000 traded, compared to open interest of 4,176.
Category: All Stocks, Large Cap Stocks, Personal & Household Goods
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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.
