Clorox Co (CLX) $73.02 -2.05%
Clorox (CLX) gives back $1.58 to $72.97 today and an investor initiates an Aug 67.5 – 70 (2X1) put ratio spread at 35 cents, 4000X. They bought 1 and sold 2, possibly looking to hedge a stock position after shares rallied 8.9 percent Friday on news Carl Icahn had made a bid for the company. Another noteworthy trade in Clorox today is an Aug 67.5 – 72.5 bearish risk-reversal at $1.10 (collected). The combo was tied to 150K shares at $72.70 and part of a collar trade.
Category: All Stocks, Mid 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.
