Shares of Xerox Corp (XRX) are down .06 to 10.78 today.? XRX is trading in the middle of the 52 week range.
Today paper traded 5595 XRX Jan 2015 12 calls for .54.? The ADV is 9931 contracts.? The OI is over 14k contracts.
The volume went up in one big block.? There were small block sellers prior to the print at higher prices as it looks like the seller had to get a lower price by taking out earlier bids.? The scattered sellers traded on several floors.? Check the OI but this is most likely an institutional seller over writing more calls.? The Jan 2015 puts traded to will paper selling so there is not much expected out of XRX in the coming months.
30-day implied volatility is 23%.?? 10-day implied volatility is 19%.? 30-day implied volatility is trading above the 10-day historical volatility.
Xerox Corporation provides services and technology to enable its customers from small businesses to large global enterprises to focus on their core business.?