Benzinga's options scanner just detected over 12 options trades for Sirius XM Holdings SIRI summing a total amount of $582,798.
At the same time, our algo caught 3 for a total amount of 858,054.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $3.0 and $4.0 for Sirius XM Holdings, spanning the last three months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Sirius XM Holdings's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Sirius XM Holdings's whale activity within a strike price range from $3.0 to $4.0 in the last 30 days.
Sirius XM Holdings Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SIRI | PUT | SWEEP | BEARISH | 09/20/24 | $0.8 | $0.7 | $0.76 | $3.50 | $742.8K | 31.2K | 177 |
| SIRI | CALL | SWEEP | BULLISH | 08/16/24 | $0.34 | $0.24 | $0.34 | $3.50 | $170.0K | 6.0K | 4.0K |
| SIRI | PUT | SWEEP | BULLISH | 08/16/24 | $0.34 | $0.33 | $0.33 | $3.00 | $82.5K | 11.1K | 2.6K |
| SIRI | CALL | SWEEP | BULLISH | 07/05/24 | $0.44 | $0.43 | $0.43 | $3.00 | $79.5K | 13.0K | 5.0K |
| SIRI | CALL | SWEEP | BEARISH | 01/16/26 | $0.56 | $0.44 | $0.45 | $4.00 | $76.2K | 57.2K | 2.4K |
About Sirius XM Holdings
Sirius XM Holdings is composed of two businesses: SiriusXM and Pandora. SiriusXM transmits music, talk shows, sports, and news via its two satellite radio networks, primarily to consumers in vehicles who pay a subscription fee. The firm's radios come preinstalled on a wide range of light vehicles in the US and Canada. The firm acquired Pandora Media in February 2019 via an all-stock transaction. Pandora is a streaming music platform that offers an ad-supported radio option and a paid on-demand service; it has a robust and growing podcast library. Liberty Media owns 84% of Sirius XM, traded through its Liberty Sirius XM Group tracking stock.
In light of the recent options history for Sirius XM Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Sirius XM Holdings Standing Right Now?
- With a volume of 39,176,137, the price of SIRI is up 6.45% at $3.3.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 27 days.
What The Experts Say On Sirius XM Holdings
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $3.075.
- Consistent in their evaluation, an analyst from Guggenheim keeps a Neutral rating on Sirius XM Holdings with a target price of $2.
- Showing optimism, an analyst from Evercore ISI Group upgrades its rating to In-Line with a revised price target of $3.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Sirius XM Holdings with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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