Whales with a lot of money to spend have taken a noticeably bearish stance on Sirius XM Holdings.
Looking at options history for Sirius XM Holdings SIRI we detected 21 trades.
If we consider the specifics of each trade, it is accurate to state that 19% of the investors opened trades with bullish expectations and 80% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $695,293 and 17, calls, for a total amount of $717,091.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $0.5 to $3.5 for Sirius XM Holdings over the last 3 months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Sirius XM Holdings stands at 27799.25, with a total volume reaching 80,051.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Sirius XM Holdings, situated within the strike price corridor from $0.5 to $3.5, throughout the last 30 days.
Sirius XM Holdings Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SIRI | PUT | TRADE | BULLISH | 12/20/24 | $1.09 | $1.0 | $1.03 | $3.50 | $515.0K | 17.3K | 3 |
| SIRI | CALL | TRADE | BULLISH | 07/19/24 | $3.5 | $2.8 | $3.3 | $0.50 | $128.0K | 1 | 0 |
| SIRI | PUT | SWEEP | BEARISH | 10/18/24 | $0.98 | $0.96 | $0.97 | $3.50 | $113.1K | 4.0K | 144 |
| SIRI | CALL | SWEEP | BEARISH | 07/19/24 | $0.73 | $0.7 | $0.7 | $3.00 | $68.3K | 38.4K | 6.1K |
| SIRI | CALL | SWEEP | BEARISH | 07/19/24 | $0.73 | $0.7 | $0.7 | $3.00 | $50.8K | 38.4K | 7.1K |
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.
Following our analysis of the options activities associated with Sirius XM Holdings, we pivot to a closer look at the company's own performance.
Present Market Standing of Sirius XM Holdings
- Currently trading with a volume of 48,049,514, the SIRI's price is down by -4.64%, now at $3.7.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 15 days.
What The Experts Say On Sirius XM Holdings
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $3.6333333333333333.
- An analyst from Guggenheim has decided to maintain their Neutral rating on Sirius XM Holdings, which currently sits at a price target of $2.
- An analyst from Evercore ISI Group upgraded its action to In-Line with a price target of $3.
- Maintaining their stance, an analyst from Barrington Research continues to hold a Outperform rating for Sirius XM Holdings, targeting a price of $4.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Sirius XM Holdings options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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