Clorox (CLX) option volume and volatility elevated on wide price movement

Clorox (NYSE: CLX) August 67 calls and puts are active on total call volume of 10K contracts (7K puts) as traders take profits on the uncertainty of Carl Icahn's July 14 proposal to acquire Clorox's outstanding shares not already owned for $80.00 per share net in cash. September call option implied volatility is at 37, October is at 32; above its six-month average of 19 according to Track Data.

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