CL, Colgate getting there.

Then                                                                   and    now ;

cl may 2011s cl june 2011 2

Now that we have a little more detail it is starting to look like the ultimate target is about $92. Presently the stock is at about $89 and change , so another $3 to go. On the options that should reduce the price by about $1.50 to $5.70 bid/$6.70 ask, approximately where we anticipated it to be a while ago;

CL options june

Once again I do not for a moment pretend that this is the option that one should chose; all choices throughout the range of strike and time should be priced accordingly.