Sirius XM Radio Inc (SIRI)

If you are into NASDAQ Stocks let me tell u that Sirius xm radio satellite raise $2.00 it add  6 cents to $1.93  and 30,000 calls traded in the name. When penny cross reach new dollar level, speculators and investor take a look at what they are holding and decide whether to keep or move down the road.

The activity is possibly a play an earnings. SmarTrend over the weekend pointed out that SIRIUS XM has the highest EV/Sales (enterprise value to sales) ratio of all cable and satellite providers at 3.6-times enterprise value. This $2.00 milestone hit this morning is right on the heels of what has become a near-term high in short selling in this particular issue.

If U.S. auto sales can stay on the mend, then SIRIUS XM Radio might be able to milk out more and more gains.

There is another situation that investors and speculators will want to pay attention to here.  Options trading has to go on the rise.  When stocks “break a buck” (hit a new dollar price), it generally means that options trading sees an increase as well. If you go out to June-2011, the same sort of options trading is seen.  For this to matter, you should probably have to see trading volume go up easily into the tens of thousands of contracts.

It could be a buying interest from new investor for SIRIUS XM thats gonna make this going highter and highter.

If you go out to June-2011, the same sort of options trading is seen.  For this to matter, you should probably have to see trading volume go up easily into the tens of thousands of contracts.