Stock & Options Alerts Seen in SIRIUS XM (SIRI)

Posted in General, Options 
October 4th, 2010

SIRIUS XM Radio Inc. (NASDAQ: SIRI) was listed an “Unusual Suspect” this weekend by us at 24/7 Wall St. because it was very close to putting in a 52-week high after its recently raised guidance.  Now today the stock has hit a 52-week high and done so on above-average stock volume.  At 3:20 PM EST we have shares up 1.6% at $1.26 on more than 79 million shares.  The stock hit a high of $1.28 today, making a new 52-week high.

What is interesting is that options trading is above average.  While volume in the put options has been elevated compared to normal, the trading in the calls is elevated and stands out more on a direct comparison basis.
over 1,100 of the JAN-2012 $1.00 CALLS and over 4,600 of the JAN-2012 $2.00 CALLS.  The MARCH 2011 $1.50 CALLS have seen over 1,450 contracts and the $1.00, $1.50 and $2.00 strikes in the JAN-2011 CALLS have seen more than 5,800 of the combined call option volume.  The DEC-2010 $1.00 calls also saw more than 3,000 contracts trade.

Average volume is about 70 million shares and the prior 52-week range was $0.51 to $1.26.


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