NEW YORK (AVAFIN) -- SIRIUS XM Radio options contracts experienced a low put/call ratio during today's trading session. The aggregate
volume of put contracts versus call contracts equated to 0.19. Respectively, 4,644 put and 23,919 call
contracts exchanged hands yesterday.
Investors use options to manage risk and to speculate on price changes. Options can provide
significant leverage if the stock moves in the right direction but aslo end up worthless if it
SIRIUS XM Radio settled the day down $0.04 to $1.82 in the previous trading session. Today's
trading range was between $1.81 and $1.88 respectively. On the volume side, 30M shares were
traded, which is less than the average volume of 54M shares. SIRI is trading
below the 50 day moving average and lower than the 200 day
moving average. The stock's 52 week low is $1.27 and 52 week high is $2.41. Within the last quarter, the shares have lost -20.31% of their value.
Sirius merged with XM Satellite Radio in July 2008 after a lengthy regulatory review. The company provides a subscription-based digital radio service whose broadcast signals originate from orbiting satellites. Its primary means of distributing satellite radios is through the sale and lease of new vehicles. Sirius has agreements to offer its hardware with every major automaker as factory or dealer-installed equipment.