Bullish option flow detected in Sirius XM with 11,011 calls trading, 3x expected, and implied vol increasing over 2 points to 30.49%. 1/27 weekly 6.5 calls and 2/10 weekly 6 calls are the most active options, with total volume in those strikes near 10,600 contracts. The Put/Call Ratio is 0.03. Earnings are expected on January 31st.
Published first on TheFly
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