Avon Products Inc (AVP) $32.31 +2.57%
Avon Products (AVP) saw a morning spike just before 10:30 ET and options volume is now 8X the average day on takeover chatter — Fly on the Wall. Shares were recently up 78 cents to $32.28 and about 9,400 calls (285 puts) traded in the name. Short-term speculators are focused on Oct 31, 32, 33, and 34 calls. Jan 31, 35, and 40 call options are seeing interest as well. Implied volatility is up 3.5 percent to 29.
Category: All Stocks, Large Cap Stocks, Personal & Household Goods
Free Newsletter
If you enjoyed this article, sign up to receive more just like it.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
