Implied volatility in Avon Products (AVP) is moving higher ahead of earnings. The New York-based company had an Oct 30 earnings release date, but postponed it to tomorrow morning due to Hurrican Sandy. Shares are up 26 cents to $15.74 ahead of the news and options volume on the stock consists of about 12,000 puts and 3,360, or 2.5X the daily average. Downside Nov 15 puts are the most actives. 6,700 traded. Nov 14 puts and Jan14 $15 puts are the next most actives and 30-day ATM vols are moving up 23.5 percent to 67.5.
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.