5920 AVP May 5 puts went up on the CBOE with a Price Variation tag.?

AVP

Shares of Avon Products, Inc (AVP) are up .41 to 4.93 today.? AVP is near the lower end 52 week range.

  • Paper traded 5920 AVP May 5 puts for .575.?
  • AVP trade 3904 ?contracts per day.?
  • The OI is around 36 contracts.

The trade went up on the CBOE with a Price Variation tag.? This tag usually has stock attached but no size blocks went up with the puts.? The buy put trade wants AVP to drop or it is a hedge on the big run up today.

  • IV30 IS 88% and HV10 is 51%?
  • The current realized volatility is trading at a discount to implied volatility.

Avon Products, Inc. is a manufacturer and marketer of beauty and related products. The Company’s offers its products under two product categories: Beauty and Fashion & Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics).