Calls Purchased on Sirius XM Radio (SIRI)

Shares of Sirius XM Radio SIRI are higher on the session by 0.61%, currently trading at $1.59. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the January 2012 $2.00 call was purchased 76,000 times, on the offer, on open interest of 272,937 contracts. Overall call volume is now running at 3.14x the daily average with 89% of all calls traded being purchases on the offer. Sirius XM Radio Inc. has two principal wholly owned subsidiaries, XM Satellite Radio Holdings Inc. and Satellite CD Radio Inc. The company is engaged in broadcasting its music, sports, news, talk, entertainment, traffic and weather channels in the United States for a subscription fee through its satellite radio systems, the SIRIUS system and the XM system.