Notable Friday Option Activity: AVP, WYN, AAPL

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Avon Products, Inc. (NYSE: AVP), where a total volume of 33,626 contracts has been traded thus far today, a contract volume which is representative of approximately 3.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 51.3% of AVP’s average daily trading volume over the past month, of 6.6 million shares. Especially high volume was seen for the $4 strike put option expiring April 15, 2016, with 32,510 contracts trading so far today, representing approximately 3.3 million underlying shares of AVP. Below is a chart showing AVP’s trailing twelve month trading history, with the $4 strike highlighted in orange:

http://www.forbes.com/sites/dividendchannel/2016/03/18/notable-friday-option-activity-avp-wyn-aapl/