Traders Look For The Clorox Company To Rebound (CLX)

Shares of The Clorox Company CLX are higher on the session by 0.16%, currently trading at $62.56. The stock had been moving largely higher over the past five months, but recently came under selling pressure and is now trading below the 50-day and the 200-day moving averages. Options traders are buying calls on the name today. A short while ago the January 2013 $75.00 call was purchased 4,000 times, on the offer, on open interest of 3,902 contracts. Overall call volume is now running at 3.98x the daily average with 98% of all calls traded being purchases on the offer. The Clorox Company is a manufacturer and marketer of consumer and institutional products. The company sells its products primarily through mass merchandisers, grocery stores and other retail outlets.