Not sure if this helps only thing i came across trying to find out. http://seekingalpha.com/article/1173...rius-xm?page=2Originally Posted by denco1
SIRIUS XM SATELLITE RADIO FORUM
Not sure if this helps only thing i came across trying to find out. http://seekingalpha.com/article/1173...rius-xm?page=2
Forbes earnings preview for siri: http://www.forbes.com/sites/narrativ...us-xm-radio-9/
Odd. More than that many puts traded today according to time and sales or simply looking at the 1 min chart volume on those puts. Yet only 23k are out while nearly 40k traded.
They are in the money. Bought. The larger trade at 11:15 is married with a large volume of shares going through.
Large open positions tend to have gravity and generally will pull towards expiring worthless for the holder if they are close in strike. Whoever SOLD them and is short the puts is now likely also short the stock, so that if they get put the stock they are covered. May have been a protective buy for someone long the stock too. I am not so sure buying those puts would be a good blind purchase without being covered long.
They can also be tied to later dated options same or even different strikes. There's a million ways this stuff can be matched up.
Thanks, DM.....looks like the shift started Q4 2013
Looking like one hell of a lame run up guys.
I am gonna say...they take us lower most of the day....then sp will begin to climb about 2:30 in anticipation of a great cc tomorrow am.
WunderDICK just chimed in on yahoo sirixm finance page with the following headline/target. http://finance.yahoo.com/news/wunder...124439964.html
This concerns me because I am very suspicious of Wunderlich's direct association with Liberty. After reading this, it would not surprise me at all if Sirius disappoints tomorrow causing the sp to free fall toward the 3.00 mark. I am hoping this does not happen, but does anyone remember an instance when Matt Harrigan published a report that didn't either accurately predict or at least negatively influence the sp? I'm considering getting out before the CC and getting back in much lower to ride to his 3.50 target. This is so completely fcukd up!
EDIT: The consistent unusually low volume along with negative options activity does not help my confidence either.
Last edited by bdp.; 10-27-2014 at 10:29 AM.
Selling out before the CC is a decision only you can make. However, to me...this press release considering the timing of it is just another orchestrated attempt to work on your fear and to get you to do exactly what they want...to sell. Currently we are down .025 on light volume.
I say we turn green by end of day.
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