CHICAGO, July 14, 2011 /PRNewswire/ -- Zacks highlights commentary from People and Picks Trader "DivMo".
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AVON Calling: Order to Sell Puts
Avon (NYSE: AVP). Since the beginning of the year, AVP has traded in a range of 26+ to 30.5, generally being in the 28-29 range however. The Aug puts of 27 are paying a nice premium. However the Aug put 26 are OK also and in my opinion quite safe. I have a limited order in to SELL AUG 26 PUTS to open.
AVP 52-week price range is 26.13 - 36.20... It hasn't been below 26.13. AVP will have to hit a yearly low between now and Aug 20 for me to get assigned to purchase.
The most recent picks by «DiviMO» are:
A buy rating on priceline.com (Nasdaq: PCLN), and
a buy rating on AutoZone (NYSE: AZO), and
a buy rating on Clorox (NYSE: CLX).
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