Implied Volatility Alert: CL, CLX
11/18/09
CL options active as shares rally
Colgate-Palmolive (CL) is recently up $3.12 to $85.96.
CL November 85 straddle is priced at $3.30, and December is priced at $5.50.
CL December option implied volatility of 28 is above its six-month average of 22.
Option volume of 46,948 contracts compares to put volume of 15,612 contracts, according to Track Data. Average daily volume in CL is 5,160 contracts, according to IVolatilty.
CLX volatility at 30-month lows
The Clorox Co. (CLX) is recently up 48 cents to $60.75.
CLX December option implied volatility is at 19, and January is at 18, below its 26-week average of 23, according to Track Data, suggesting non-directional price movement.
Posted at 3:40 p.m.
More Implied Volatility Alerts
Researcher Paul Foster has 23 years of professional experience in the capital markets, investments, trading, corporate finance, arbitrage, options, and mergers and acquisitions.
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