Xerox yet again
Earnings came out today and they were basicaly in line with expectations, yet the market crushed the stock. I took the opportunity to add to my put plays. The thesis for the stock is still in place. As per this link of my earlier blogs:
This stock has performed quite well this year so profit taking is understandable. However it creates a new opportunity to buy it. Sell some January $12 2016 puts and buy the common with the proceeds.