Calls Sold on Scotts Miracle Gro (SMG)

Shares of Scotts Miracle Gro SMG are lower on the session by 2.75%, currently trading $44.16. The stock has been falling as of late, from a recent high of nearly $50, and is now trading between the 50-day and 200-day moving averages. I am detecting some call selling in the name today, as well. The June $40 strike was sold near the bid 1,600 times; open interest was only 199 contracts, signaling new positioning. Call volume in the name is running at 2.81x the daily average. The Scotts Miracle-Gro Company along with its subsidiaries, is engaged in the manufacturing, marketing and sale of lawn and garden care products.