Shares of Avon Products, Inc. (AVP) are down .08 to 13.09. ?AVP is on the bottom of the 52 week range.
Today paper traded 4850 AVP Oct 11 puts for .25.? The ADV is 438 contracts. The OI is 168 contracts.
The volume went up in one large block.? These puts have been steadily trading starting from .25.? Volume is into 28k with the puts trading .35 now.? IV is up 4 points in Oct.? This is looking more like speculation than hedging due to the scattered nature of the buying.
30-day implied volatility is 56%.?? 10-day implied volatility is 18%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Avon Products, Inc. (Avon) is a manufacturer and marketer of beauty and related products