Shares of Colgate-Palmolive Co. (CL) are down .31 to 66.49 today. ?CL is trading near the top of the 52 week range.
Today paper traded 6500 CL Aug 70 calls at .34. ?The ADV is 4501 contracts.? The OI is 9095 contracts.
The volume went up in one large block.? There is substantial open interest in this strike but trade did go up marked buy-write. This is a small yield given the stock is at 52 week highs.? If this is closing to unwind the trade just hung around the $67 level so there was not much of a return in it.? With the lower IV the trader is most likely adding more open interest.
30-day implied volatility is 10%.?? 10-day implied volatility is 9%.? 30 day implied volatility is trading above 10 Day Historical volatility.
Colgate-Palmolive Company (Colgate) is a consumer products company whose products are marketed in over 200 countries and territories throughout the world.