Insider Buying of Xerox Puts, Large Volumes Bought in August

Please take a look at the 3-month charts of Xerox October 8 and 9 puts.

9 puts:


(please clisk to enlarge images)

Notice the large unusual volume of puts bought, particularly at the end of August for $0.80 to $0.90. Today these puts are trading at $1.70.

8 puts:



Similarly, notice the high volume of puts bought in and around August, for between $0.30 and $0.04. Today they trade around $0.75.