Calls Purchased on Avon Products

Shares of Avon Products AVP are higher on the session by 1.62%, currently trading at $21.34. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying calls on the name today. A short while ago the January 2012 $22.50 call traded 10,300 times on open interest of 189 contracts. Overall call volume is now running at 5.59x the daily average with 93% of all calls 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.