Yesterday Clorox Stock took a large jump on the news of the company pulling out of their money-losing operations in Venezuela. This has always made sense and it is great to see management finally react. There was also rumors once again about the likelihood of a takeover of Clorox. Both of these help propel the stock to a new all-time high.
It also means that all my naked puts are probably going to expire on Oct 18 or I will be buying to close them early. Clorox has been an exceptionally good stock for my portfolio but the jump in the stock makes it time to review the stock technically to determine the next trade to consider entering.
Clorox Stock Trade Ideas
The rest of this article on Clorox Stock is for members.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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