Put Options on XRX on 6/25/2018

Xerox Corporation (XRX) designs, develops, and sells document management systems and solutions worldwide.

It offers managed document services, including managed print services and multi-channel communication services, as well as a range of digital solutions, such as workflow automation services, content management, and digitization services.

The company also provides desktop monochrome and color printers, and multifunction printers; copiers, digital printing presses and light production devices, and solutions; graphic communications and commercial printers; inkjet presses; and FreeFlow portfolio of software solutions for the automation and integration of print jobs processing.

In addition, it sells paper products, wide-format systems, and global imaging systems network integration solutions. The company sells its products and services directly to its customers through sales force, as well as through independent agents, dealers, value-added resellers, systems integrators, and the Web. 

Shares have fallen to a 52-week low after the company ws sued by Fuji Corp. The two companies were in the process of merging and Xerox backed out of the deal. Lower share prices are expected for Xerox.

Last Trade: $26.40

52-Weeks Trading Range: $26.31 - $37.42

Trade Buy 1 July $27.00 Put at $1.20 For a net debit of $1.20 Profit/Loss Analysis Breakeven at $25.80 Maximum profit is unbounded Maximum loss is ($120.00) at strike of $27.00 Closing Summary Sold 1 July $27.00 Put at $2.00

Position closed on 7/20/2018 at price of $2.00 with a 66.67% gain in 25 days.

Updates

7/20/2018 3:50:11 PM

XRX July $27 put closed at $2.00

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