97000 XRX Oct 11 calls went up in 1 block on the PHLX marked buy write.?
Shares of Xerox Corp (XRX) are up .03 to 9.81 today. ?XRX is near the lower end of the 52 week range.
Paper traded 97000 XRX Oct 11 calls for .30. ??The ADV is 9345 contracts.? ?The OI is 806 contracts.
The volume went up in 1 block on the PHLX marked buy write.? A block of 380000 shares went up for 9.83. ?Option volume of 55k contracts went up on the Oct strike as well.? Net the trade looked like sales of calls over long stock.? The trade is most likely a yield play for XRX of between 3-5% net of stock.
IV 30 is trading for 54%.? HV10 is trading for 49%.? IV 30 is above the HV 10.
Xerox Corporation is engaged in offering business process and document management solutions. The Company operates through the following segments: Services, Document Technology and Other.