Tax Reform in This Election Year: It's Not Likely
Which Credit Card Rewards Does the IRS Care About?
XM Satellite Radio Holdings, Inc. (NASDAQ: XMSR) recently down $1.45 to $13.19.:
XMSR and SIRI announced on 2/20/07 a merger of equals. XMSR shareholders will receive 4.6 SIRI shares for each XMSR share. The FCC is expected to decide on the merger before the year's end. XMSR December 12.5 straddle is priced at $2.35. XMSR January option implied volatility of 143 is above its 26-week average of 66 according to Track Data, suggesting larger price risks.
Sirius Satellite Radio Inc. (NASDAQ: SIRI) recently down 21 cents to $3.28:
SIRI December 3 straddle is priced at 50 cents. SIRI January option implied volatility of 97 is above its 26-week average of 63 according to Track Data, suggesting larger price risks.
Daily Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
