Bearish flow noted in Sirius XM (SIRI) with 4,552 puts trading, or 2x expected. Most active are 2/7 weekly 20.5 puts and Jan-25 21.5 calls, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 1.58, while ATM IV is up nearly 2 points on the day. Earnings are expected on January 30th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SIRI:
- Sirius XM Holdings Announces EVP Patrick Donnelly’s Retirement
- Sirius XM added to Q1 ‘Tactical Ideas List’ at Wells Fargo
- Sirius XM call volume above normal and directionally bullish
- Sirius XM price target lowered to $16 from $22 at Wells Fargo
- Sirius XM price target lowered to $30 from $40 at Barrington
