Options Update: Hershey (HSY) & XM Satellite Radio (XMSR)
HSY Call Volume Heavy - Volatility Spikes To 39
HSY is recently up $1.69 to $38.20.
HSY call option volume of 21,461 contracts compares to put volume of 1,841 contracts.
HSY June and July option implied volatility of 39 is above its 26-week average of 27, suggesting larger price movement.
XM Satellite Radio (XMSR)
XMSR Volatility Low As FCC Reviews Proposed Merger
XMSR and SIRI announced a merger of equals in February of 2007.
XMSR shareholders will receive 4.6 SIRI shares for each XMSR share.
The FCC Commissioners could rule on the proposed merger in late June or early July without a public meeting.
XMSR call option volume of 5,567 contracts compares to put volume of 3,198 contracts.
XMSR July option implied volatility of 63 is below its 26-week average of 85, suggesting decreasing price movement.
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