Filed under: XM Satellite Radio (XMSR), Sirius Satellite Radio (SIRI), Options

XM Satellite Radio (NASDAQ: XMSR) is recently down 24cents to $11.87. XMSR and Sirius (NASDAQ: SIRI) announced in February 2007 a merger of equals. XMSR shareholders will receive 4.6 SIRI shares for each XMSR share.

The Department of Justice (DOJ) is expected to make a ruling on the SIRI-XMSR merger soon. Wachovia Securities say’s “Weak Satellite Radio Trends continue.” XMSR March option implied volatility of 135 is above its 26-week average of 93 according to Track Data, suggesting larger price movement.

Volatility Index S&P 500 Options-VIX up 1.78 to 25.36.

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

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This entry was posted on Friday, February 29th, 2008 at 6:20 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.