Agree To Purchase Xerox Corp At $23, Earn 5% Using Options
May 20, 2019 at 11:51 AM EDT
Investors considering a purchase of Xerox Corp (XRX) shares, but cautious about paying the going market price of $32.31/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2021 put at the $23 strike, which has a bid at the time of this writing of $1.14..