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XM Satellite Radio volatility up; Shares at five-year low into FCC vote

Posted Jun 27th 2008 8:53AM by Paul FosterPaul Foster RSS Feed
Filed under: XM Satellite Radio (XMSR), Sirius Satellite Radio (SIRI), Options

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XM Satellite (NASDAQ: XMSR) closed at $7.38.

XMSR and Sirius Satellite (NASDAQ: SIRI) announced a merger of equals in February of 2007. XMSR shareholders will receive 4.6 SIRI shares for each XMSR share.

The FCC Chairman Kevin Martin recommended approval of the SIRI-XMSR merger. The FCC Commissioners could rule on the proposed merger soon.

XMSR July option implied volatility of 114 is above its 26-week average of 79 according to Track Data, suggesting larger price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Tags: option implied volatility, OptionImpliedVolatility, siri, sirius, xm, xmsr

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Last updated: November 24, 2009: 01:14 AM

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