Colgate Palolive (CL) shares traded down 22 cents to $83.09 and August 75 puts traded 3455X Thursday. The top trade was block of 1019 at 50 cents on ISE, and an opening customer buyer, according to ISEE data. Open interest increased by 2491 to 6457 and now the fourth biggest position the name. Aug 80 puts saw some interest as well, with 800 contracts traded. The put buying might be to hedge shares ahead of earnings, 7/29 before market.
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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.