CL LONG
Nice breakout here on Colgate-Palmolive (NYSE:CL) with solid momentum in this low-resistance liquidity run. Saw an article highlighting the implied volatility spike, which caught my attention. Normally, I stay away from options chains on stocks like this, but with the volatility surge, I think we could see $100-$104 in the next 2 months.
Despite a mixed Q3 2024 report, Colgate still managed to exceed top-line expectations, with a 2.4% revenue increase and a strong 6.8% organic sales growth. The company also delivered positive volume growth across every operating division for the second straight quarter.
The implied volatility on the February 2025 $50 calls is particularly interesting, indicating traders are expecting a big move in either direction. I favor the upside based on technicals.
Even though Colgate holds a Zack's Rank #3 (Hold) in the consumer staples sector, the fundamentals still show promise, and options traders are pricing in something significant.
Despite a mixed Q3 2024 report, Colgate still managed to exceed top-line expectations, with a 2.4% revenue increase and a strong 6.8% organic sales growth. The company also delivered positive volume growth across every operating division for the second straight quarter.
The implied volatility on the February 2025 $50 calls is particularly interesting, indicating traders are expecting a big move in either direction. I favor the upside based on technicals.
Even though Colgate holds a Zack's Rank #3 (Hold) in the consumer staples sector, the fundamentals still show promise, and options traders are pricing in something significant.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.