Sirius Satellite Radio (SIRI) calls have seen a sudden increase in buying interest. More than 15,000 of the June 3 calls have recently traded, with 100 percent of that volume on the offer. Stock is up 7 cents to $2.86. No company specific developments on the wires, but action hints at something pending. Still checking.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.