Puts Purchased on Avon Products, Inc.

Shares of Avon Products, Inc. AVP are lower on the session by 2.37%, currently trading at $27.16. The stock has been moving largely lower over the past two months and is currently trading below the 200-day moving average. Options traders are buying puts on the name today. A short while ago the July $26.00 put was purchased 2,900 times, on the offer, on open interest of 1,439 contracts. Overall put volume is now running at 4.11x the daily average with 78% of all puts traded being purchases on the offer. Avon Products, Inc. creates, manufactures and markets beauty and non-beauty-related products. The company's product categories are Beauty, Fashion and Home. Beauty consists of color cosmetics, fragrances, skin care and personal care. Fashion consists of fashion jewelry, watches, apparel, footwear, accessories and children's products.