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Agree To Purchase Xerox Corp At $23, Earn 5% Using Options

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..
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