Puts Purchased on Avon Products (AVP)

Shares of Avon Products Inc. AVP are lower on the session by 2.52%, currently trading at $27.08. The stock has been trading largely lower over the past two months and is now trading in a technical downtrend. Options trading is favoring the put side today. The July $25.00 put was purchased 2,300 times, on the offer, on open interest of 784 contracts and the October $26.00 put was purchased, on the offer, 873 times on open interest of 2,231 contracts. Put volume is now running at 18x the daily average. Avon Products Inc. manufactures and markets beauty and related products worldwide. Its product categories include color cosmetics, fragrances, skin care, and personal care; fashion jewelry, watches, apparel, footwear, and accessories; and gift and decorative products, housewares, entertainment and leisure, and children’s and nutritional products.