Puts Purchased on Xerox Corporation (XRX)
December 29, 2010 11:28 AM
Shares of Xerox Corporation (NYSE: XRX) are higher on the session by 1.24%, currently trading at $11.68. The stock has been moving largely higher over the past four months and is currently trading above the 50-day and 200-day moving averages.
Options traders are buying puts on the name today. A short while ago the January 2011 $11.00 put was purchased 5,700 times, on the offer, on open interest of 16,360 contracts.
Overall put volume is now running at 4.56x the daily average with 78% of all puts traded being purchases on the offer.
Xerox Corporation engages in the production and sale of document systems and services for businesses. It offers a range of color, and black-and-white multifunction devices; and printers, copier fax products, and document related software solutions.
