Sirius XM Radio Inc (SIRI) $0.68 +13.13%
Sirius XM (SIRI) is up 8 cents to 68 cents and almost 10000 calls traded, compared to 350 puts. Today’s volume represents 15X the expected and is focused on Sep, Dec, Jan10, and Mar calls at the 1 strike. More than 90 percent traded ask-side and ISEE data (64% = 2,639 contracts on ISE) confirm that customers are buying to open calls in SIRI Thursday. No headlines on the stock. Implied vols (average) are moving: to 140 from about 128 yesterday.
Category: All Stocks, Media, Mid Cap Stocks
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About the Author (Author Profile)
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.
