SIRI Monthy Thread January, 2015!!

[midas360]

That's not good. Good Luck... wish I could help.

LOL! not for my small account. I did ask questions and as he said it's up to me to decide. I'm only at Vanguard because I'm named in my Grandfathers Trust - Thus his money generates free trades and premium services for the grandchildren. My parents don't need it as they have enough to qualify. And yes I mean I haven't paid a cent to vanguard since I switch everything over in April 2014 and have done well over 50 trades.

[Garcar]

My guess for Siri EOY 2015 price is 4.36.

[Wolf Child]

Got my 3.42's...... gap filled as "USUAL"

[midas360]

SIRI down at LOD down 2.01%. Kudos to SiriusTimes with his P&F chart and call. Nice call so far!

[dm_4]

I am not familiar with Blue Ridge Capital....but this article indicates they raised their stake in SIRIXM.

http://finance.yahoo.com/news/blue-r...193701845.html

[midas360]

Subaru Selects Sirius XM Connected Vehicle Services To Help Power Subaru STARLINK In-Vehicle Platform And AT&T 4G LTE Network To Deliver Mobile Connectivity

http://www.virtual-strategy.com/2015...#axzz3NyqIvKoh

[dm_4]

We have seen this movie at least a few times already. We should know the next scene.

[KnowitALL]

Since everyone (so far) feels comfortable with SIRI at $4+ by eoy, there's an interesting bullish credit spread that some may want to look at.
Based on the current price it looks like one could establish a spread by selling the Jan16 $4 put and buying the Jan16 $3.50 put for a net credit of about $.32/share. If one were to establish this position (big "if" - don't know what the open interest is) with 100 contracts one could control 10,000 shares using only $5000 of margin while at the same time limiting downside to only about $.18/share (net premium received), or $1800 total. At the same time the investor is collecting $3200 now which is maximum profit should the stock settle at $4.01 or higher at Jan16 op-ex.
Not making any recommendation here , but just thought I'd put it out there for consideration since everyone seems pretty comfortable with the stock being over $4 by eoy.
As always, before you establish any options positions be sure you understand how they work and what your obligations are while the position is open as well as at settlement. Remember, options are leverage, and you can get your self in a heaping-helping of trouble in no time flat if you don't know how they work.

oh, and in case your might be wondering how I arrived at a $.32 net credit, I simply took the mid point of the bid/ask on the $4 put and subtracted the mid point of the bid/ask on the $3.50 put. It doesn't always work out like that but it's a decent guestimate. Your results may vary.

[midas360]

@KnowitALL... I think it's a great trading strategy. Nice post!

[Wolf Child]

Here's to bouncing off the 200 day tomorrow