Is the Options Market Predicting a Spike in The Clorox Stock?

Core Viewpoint - Investors should closely monitor The Clorox Company (CLX) stock due to significant movements in the options market, particularly the high implied volatility of the Jan. 16, 2025 $75 Call option [1] Company Analysis - The Clorox Company currently holds a Zacks Rank of 3 (Hold) within the Consumer Products – Staples industry, which is positioned in the bottom 18% of the Zacks Industry Rank [3] - Over the past 60 days, two analysts have raised their earnings estimates for the current quarter, while three have lowered theirs, resulting in a decrease of the Zacks Consensus Estimate from $1.50 per share to $1.46 [3] Options Market Insights - The high implied volatility surrounding The Clorox shares indicates that options traders are anticipating a significant price movement, which could suggest an upcoming event that may lead to a substantial rally or sell-off [2][4] - Seasoned options traders often seek out options with high implied volatility to sell premium, aiming to benefit from the decay of the option's value if the underlying stock does not move as much as expected by expiration [4]