Sirius XM Holdings Option Alert: Sep 15 $8 Calls at the Ask: 1000 @ $1.1 vs 101 OI; Ref=$7.51
Portfolio Pulse from Charles Gross
Sirius XM Holdings has seen a significant increase in call options for September 15 at $8. The volume of these options is 1000 at $1.1, compared to an open interest of 101. The reference price is $7.51.
July 20, 2023 | 6:54 pm
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POSITIVE IMPACT
The surge in call options indicates that investors are expecting Sirius XM's stock price to rise above $8 by September 15. This could potentially drive the stock price up in the short term.
The increase in call options suggests that investors are bullish on Sirius XM's stock, expecting it to rise above $8 by September 15. This bullish sentiment could potentially influence other investors and drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100