Calls Purchased on Kimberly Clark (KMB)

Shares of Kimberly Clark Corp. KMB are lower on the session by 1.29%, currently trading at $62.23. The stock has been moving largely sideways for the past four months, finding support near $60.00 and resistance near $63.00. Options traders are buying calls on the name today, betting on a possible breakout. The August $65.00 call was purchased 2,900 times, on the offer, a short while ago; open interest on the strike is 1,961 contracts. Call volume is now running at 2.56x the daily average. Kimberly-Clark Corporation is a global health and hygiene company focused on product innovation and building its personal care, consumer tissue, K-C Professional and Other and health care brands. The company is principally engaged in the manufacturing and marketing of a range of health and hygiene products worldwide. The company operates in four segments: Personal Care; Consumer Tissue; K-C Professional & Other, and Health Care.