22759 XRX Oct 12 calls went up in 1 block on the CBOE on a price variation tag. ? ? ? ? ??
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Shares of Xerox Corp. (XRX) are down .01 to 10.30 today. ?XRX is near the lower end of the 52 week range.
Paper traded 22759 XRX Oct 12 calls for .16. ?The ADV is 8338 contracts.? The OI is 68k contracts.
The volume went up in 1 block on the CBOE on a price variation tag. ?A second block of calls traded on the AMEX marked spread so the calls are most likely tied to 2 400k share blocks of XRX that traded around the calls.? The options as priced right now with the calls are delta neutral.? The pricing looks like a sale on the options. The trader should have been backspread recently and is now exiting after the drop.
IV 30 is trading 49%.? HV10 is trading for 51%.? IV 30 is trading below 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.