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Xerox put volume heavy and directionally bearish

Xerox put volume heavy and directionally bearish

Bearish flow noted in Xerox with 3,658 puts trading, or 1.3x expected. Most active are Jan-25 8 puts and Jan-25 10 puts, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 17.01, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 22nd.

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