Alright people, I’m a little busted today, so I’ll get straight to the point. No BS.
Avon (AVP) is on the verge of completing its potential Double Top pattern, and breaking Bearish (to the Downside). If you don’t know WTF Avon is, Google Avon Products (AVP), and enlighten yourself.
Here is a daily chart of AVP:
Here is my trade on AVP:
Buy Oct ’13 Puts on AVP @ 22 Strike.
The Puts are currently selling for $1.40
My target on AVP is $18.
Given AVP’s current price of $21.25, if you were to Buy the above-mentioned Options on AVP, you can exit the trade at $19.50 with an approx 75% ROI. Not bad if you ask me.
Price Target: $18
Wall Street Fool
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