Calls Purchased on Avon Products, Inc. (AVP)

Shares of Avon Products, Inc. AVP are higher on the session by 0.14%, currently trading at $28.88. The stock has been moving largely lower over the past three months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the April 2011 $29.00 call was purchased 2,500 times, on the offer, for $1.75 on open interest of 4,623 contracts. Overall call volume is now running at 2.03x the daily average with 87% of all calls traded being purchases on the offer. Avon Products, Inc. is a global manufacturer and marketer of beauty and related products. Its products fall into three product categories: Beauty, Fashion and Home. Avon primarily sells its products to the consumers through the direct-selling channel.