Calls Sold on Estee Lauder Inc. (EL)

Shares of Estee Lauder Cos Inc. EL are lower on the session by 0.59%, currently trading at $62.02. The stock has been moving largely higher over the past month after testing and holding the 200-day moving average. Options traders are selling calls on the name today. The August $60 call was sold 2,000 times, on the bid, for $3.30 earlier in the session; open interest on the strike is 136 contracts. This signals new positioning on the name, likely a in the form of a covered call. Call volume is now running at 4.13x the daily average. The Estee Lauder Companies Inc. is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. Its products are sold in over 140 countries and territories under the brand names, which include Estee Lauder, Aramis, Clinique, Origins, MzAzC, Bobbi Brown, La Mer and Aveda.