Notable Put Options Activity in Avon Products

Shares of Avon Products

are lower on the session by 0.75%, currently trading at $17.28. 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 focusing on puts today. The strike seeing the heaviest action is the February 2012 $16.00 put, which has traded 11,012 times on open interest of 100 contracts. Not long ago, a 5,000 contract block was sold on the bid for $0.40. Put volume is outpacing call volume by 21 to 1. Avon Products, Inc. creates, manufactures and markets beauty and non-beauty-related products. The company's product categories are Beauty, Fashion and Home. Beauty consists of color cosmetics, fragrances, skin care and personal care.