Puts Purchased on The Clorox Company (CLX)

Shares of The Clorox Company CLX are lower on the session by 0.92%, currently trading at $70.08. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A short while ago the July 2011 $70.00 put was purchased 2,000 times, on the offer, on open interest of only 362 contracts. This signals new positioning on the name. Overall put volume is now running at 2.83x the daily average with 71% of all puts 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.