AVP, Avon Products, the door to door seller of makeup and skin care had a nice pop on earnings.? It appears that customers think that a continued slow rally may occur.?? The 30 day IV is 33.66 which is within the normal range for the stock.
A trader sold 14,000 of the AVP July 24 calls priced between .55 and .60, an IV of 31%, on a stock tie.? It is likely the trader is going long the stock and expecting a slow rallying in AVP, unlike HLF which it is often compared to.? This was an opening trade as there was little to no open interest on the strike.
This also points toward IV possibly sinking lower in the stock.